Document:

EXHIBIT
      4.3

     

     

    (Multicurrency—Cross
      Border)

     

    ISDAÒ

    International
      Swap Dealers Association, Inc.

     

    MASTER
      AGREEMENT

     

    dated
      as
      of May 9, 2006

     

    
      	
              ABN
                AMRO BANK, N.V.

              (“Party
                A”)

            	
              and

            	
              LONG
                BEACH MORTGAGE LOAN 

              SUPPLEMENTAL
                INTEREST 

              TRUST
                2006-4

              (“Party
                B”)

            

    

    

     

    have
      entered and/or anticipate entering into one or more transactions (each a
“Transaction”) that are or will be
      governed by this Master Agreement, which includes the schedule (the “Schedule”),
      and the documents and
      other
      confirming evidence (each a “Confirmation”) exchanged between the parties
      confirming those Transactions.

     

    Accordingly,
      the parties agree as follows:—

     

    
      	
              1.

            	
              Interpretation

            

    

     

    (a)    Definitions.
      The
      terms defined in Section 14 and in the Schedule will have the meanings therein
      specified for the purpose of this Master Agreement.

     

    (b)    Inconsistency.
      In the
      event of any inconsistency between the provisions of the Schedule and the other
      provisions of this Master Agreement, the Schedule will prevail. In the event
      of
      any inconsistency between the provisions of any Confirmation and this Master
      Agreement (including the Schedule), such Confirmation will prevail for the
      purpose of the relevant Transaction.

     

    (c)    Single
      Agreement.
      All
      Transactions are entered into in reliance on the fact that this Master Agreement
      and all Confirmations form a single agreement between the parties (collectively
      referred to as this
      “Agreement”), and the parties would not otherwise enter into any
      Transactions.

     

    
      	
              2.

            	
              Obligations

            

    

     

    
      	
              (a)

            	
              General
                Conditions.

            

    

     

    (i) Each
      party will make each payment or delivery specified in each Confirmation to
      be
      made by it, subject to the other provisions
      of this
      Agreement.

     

    (ii) Payments
      under this Agreement will be made on the due date for value on that date in
      the
      place of
      the
      account specified in the relevant Confirmation or otherwise pursuant to this
      Agreement, in freely transferable funds and in the manner customary for payments
      in the required currency. Where
      settlement is by delivery (that is, other than by payment), such delivery will
      be made for
      receipt
      on the due date in the manner customary for the relevant obligation unless
      otherwise specified in the relevant Confirmation or elsewhere in this
      Agreement.

     

    (iii) Each
      obligation of each party under Section 2(a)(i) is subject to (1) the condition
      precedent that
      no
      Event of Default or Potential Event of Default with respect to the other party
      has occurred and
      is
      continuing, (2) the condition precedent that no Early Termination Date in
      respect of the relevant Transaction has occurred or been effectively designated
      and (3) each other applicable condition precedent specified in this
      Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    value
      of
      that which was (or would have been) required to be delivered as of the
      originally scheduled date for
      delivery, in each case together with (to the extent permitted under applicable
      law) interest, in the currency, of
      such
      amounts, from (and including) the date such amounts or obligations were or
      would
      have been required to
      have
      been paid or performed to (but excluding) such Early Termination Date, at the
      Applicable Rate. Such amounts
      of interest will be calculated on the basis of daily compounding and the actual
      number of days elapsed.
      The fair market value of any obligation referred to in clause (b) above shall
      be
      reasonably determined
      by the party obliged to make the determination under Section 6(e) or, if each
      party is so obliged, it
      shall
      be the average of the Termination Currency Equivalents of the fair market values
      reasonably determined
      by both parties.

     

    IN
      WITNESS WHEREOF the parties have executed this document on the respective dates
      specified below with
      effect from the date specified on the first page of this document.

     

    
      	
              ABN
                AMRO BANK, N.V.

            	 	
              LONG
                BEACH MORTGAGE LOAN 

              SUPPLEMENTAL
                INTEREST TRUST
                2006-4

            
	
               

               

               

               

               

              By:____________________________

               

              Name:
                

              Title:
                

              Date:
                

            	 	
              By
                Deutsche Bank National Trust Company, 

              not
                in its individual capacity but solely 

              as
                Trustee on behalf of the Trust

               

               

              By:_______________________________

               

              Name:
                

              Title:
                

              Date:
                

            
	
               

               

              By:____________________________

               

              Name:
                

              Title:
                

              Date:
                

            	 	
               

               

              
                By:____________________________

                 

                Name:
                  

                Title:
                  

                Date:
                  

              

            

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

      Rate
        Swap Schedule

       

      

      SCHEDULE
        

      to
        the 

      Master
        Agreement

      

      

      dated
        as
        of May 9,
        2006

      

      between

      
 

      

      
        	
                ABN
                  AMRO BANK, N.V.

              	
                 

                 

                and

              	
                LONG
                  BEACH MORTGAGE LOAN SUPPLEMENTAL
                  INTEREST TRUST
                  2006-4

              
	
                _______________________________________

                (“Party
                  A”)

              	 	
                _________________________________________

                (“Party
                  B”)

              

      

      

      

      Part
        1.

       

      Termination
        Provisions.

       

      
        	
                (a)

              	
                “Specified
                  Entity”
                  means in relation to Party A for the purpose
                  of:

              

      

       

      
        	
                Section
                  5(a)(v),

              	
                Not
                  applicable

              
	
                Section
                  5(a)(vi),

              	
                Not
                  applicable

              
	
                Section
                  5(a)(vii),

              	
                Not
                  applicable

              
	
                Section
                  5(b)(iv),

              	
                Not
                  applicable

              

      

       

      and
        in
        relation to Party B for the purpose of:

       

      
        	
                Section
                  5(a)(v),

              	
                Not
                  applicable

              
	
                Section
                  5(a)(vi),

              	
                Not
                  applicable

              
	
                Section
                  5(a)(vii),

              	
                Not
                  applicable

              
	
                Section
                  5(b)(iv),

              	
                Not
                  applicable

              

      

       

      
        	
                (b)

              	
                “Specified
                  Transaction”
                  will have the meaning specified in Section 14 of this
                  Agreement.

              

      

       

      
        	
                (c)

              	
                Certain
                  Events of Default.
                  The following Events of Default will apply to the parties as specified
                  below, and the definition of “Event of Default” in Section 14 is deemed to
                  be modified accordingly:

              

      

       

      Section
        5(a)(i) (Failure
        to Pay or Deliver)
        will
        apply to Party A and Party B.

      Section
        5(a)(ii) (Breach
        of Agreement)
        will
        not apply to Party A or Party B.

      Section
        5(a)(iii) (Credit
        Support Default)
        will
        not apply to Party A or Party B. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Section
        5(a)(iv) (Misrepresentation)
        will
        not apply to Party A or Party B. 

      Section
        5(a)(v) (Default
        under Specified Transaction)
        will
        not apply to Party A or Party B.

      Section
        5(a)(vi) (Cross
        Default)
        will
        not apply to Party A or Party B.

      Section
        5(a)(vii) (Bankruptcy)
        will
        apply to Party A and Party B; provided that clause (2) thereof shall not
        apply
        to Party B.

      Section
        5(a)(viii) (Merger
        without Assumption)
        will
        apply to Party A and will not apply to Party B.

       

      
        	
                (d)

              	
                Termination
                  Events.
                  The following Termination Events will apply to the parties as specified
                  below:

              

      

       

      Section
        5(b)(i) (Illegality)
        will
        apply to Party A and Party B.

      Section
        5(b)(ii) (Tax
        Event)
        will
        apply to Party A and Party B.

      Section
        5(b)(iii) (Tax
        Event upon Merger)
        will
        apply to Party A and will not apply to Party B.

      Section
        5(b)(iv) (Credit
        Event upon Merger)
        will
        not apply to Party A or Party B.

      

      
        	
                (e)

              	
                The
                  “Automatic
                  Early Termination”
                  provision of Section 6(a) of this Agreement will not apply to Party
                  A or
                  Party B.

              

      

       

      
        	
                (f)

              	
                Payments
                  on Early Termination.
                  For the purpose of Section 6(e) of this
                  Agreement:

              

      

       

      
        	 	
                (i)

              	
                Market
                  Quotation will apply.

              

      

       

      
        	 	
                (ii)

              	
                The
                  Second Method will apply.

              

      

       

      
        	
                (g)

              	
                “Termination
                  Currency”
                  means United States Dollars.

              

      

       

      
        	
                (h)

              	
                Additional
                  Termination Events.
                  The following Additional Termination Events will apply, in each
                  case with
                  respect to Party B as the sole Affected Party (unless otherwise
                  provided
                  below): 

              

      

       

      
        	 	
                (i)

              	
                Party
                  A fails to comply with the Downgrade Provisions as set forth in
                  Part 5(b).
                  For all purposes of this Agreement, Party A shall be the sole Affected
                  Party with respect to the occurrence of a Termination Event described
                  in
                  this Part 1(h)(i).

              

      

       

      
        	 	
                (ii)

              	
                The
                  Pooling and Servicing Agreement dated
                  as of May 1, 2006 among Long Beach Securities Corp. as Depositor,
                  Long
                  Beach Mortgage Company as Servicer, Deutsche Bank National Trust
                  Company
                  as Trustee (the “Trustee”)
                  for the Trust, as
                  amended and supplemented from time to time (the
                  “PSA”)
                  or
                  other transaction document is amended or modified without the prior
                  written consent of Party A, where such consent is required under
                  the terms
                  of the PSA.

              

      

       

      
        	 	
                (iii)

              	
                The
                  Trust is terminated pursuant to
                  PSA.

              

      

       

      
        	 	
                (iv)

              	
                The
                  deposit of the Termination Price by the Terminator with the Trust
                  pursuant
                  to Section 9.01
                  of
                  the PSA on a date that is no later than the Determination Date
                  in the
                  month immediately preceding the Distribution Date in which the
                  Certificates will be retired; provided that the Early Termination
                  Date may
                  not occur until a date that is no earlier than the Business Day
                  after the
                  Distribution Date falling in the month immediately preceding the
                  Distribution Date on which the Certificates will
                  be retired
                  pursuant to Section 9.01 of the
                  PSA.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        2.

       

      Tax
        Representations.

       

      
        	
                (a)

              	
                Payer
                  Representations.
                  For the purpose of Section 3(e) of this Agreement, Party A will
                  make the
                  following representation and Party B will make the following
                  representation:

              

      

       

      It
        is not
        required by any applicable law, as modified by the practice of any relevant
        governmental revenue authority, of any Relevant Jurisdiction to make any
        deduction or withholding for or on account of any Tax from any payment (other
        than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to
        be made
        by it to the other party under this Agreement. In making this representation,
        it
        may rely on (i) the accuracy of any representations made by the other party
        pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the
        agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and
        the
        accuracy and effectiveness of any document provided by the other party pursuant
        to Section 4(a)(i) or 4(a)(iii) of this Agreement and (iii) the satisfaction
        of
        the agreement of the other party contained in Section 4(d) of this Agreement,
        provided that it shall not be a breach of this representation where reliance
        is
        placed on clause (ii) and the other party does not deliver a form or document
        under Section 4(a)(iii) of this Agreement by reason of material prejudice
        to its
        legal or commercial position.

       

      
        	
                (b)

              	
                Payee
                  Representations.
                  For the purpose of Section 3(f) of this Agreement, Party A and
                  Party B
                  make the representations specified below, if
                  any:

              

      

       

      
        	 	
                (i)

              	
                Party
                  A makes the following representation to Party
                  B:

              

      

       

      
        	 	
                (1)

              	
                It
                  is a resident of The Netherlands for the purpose of the application
                  of the
                  existing tax treaties between The Netherlands and those countries
                  where
                  offices of Party B are located.

              

      

       

      
        	 	
                (2)

              	
                With
                  respect to its non-U.S. branches, it is fully eligible for the
                  benefits of
                  the “Business Profits” or “Industrial and Commercial Profits” provision,
                  as the case may be, the “Interest” provision or the “Other Income”
                  provision (if any) of the Specified Treaty with respect to any
                  payment
                  described in such provisions and received or to be received by
                  it in
                  connection with this Agreement and no such payment is attributable
                  to a
                  trade or business carried on by it through a permanent establishment
                  in
                  the Specified Jurisdiction. With respect to Party A, Specified
                  Treaty
                  means the income tax treaty between the United States and The Netherlands;
                  Specified Jurisdiction means the United
                  States.

              

      

       

      
        	 	
                (3)

              	
                With
                  respect to its U.S. branches, each payment received or to be received
                  by
                  it in connection with this Agreement will be effectively connected
                  with
                  its conduct of a trade or business in the United
                  States.

              

      

      

      
        	 	
                (ii)

              	
                Party
                  B makes
                  no representations for the purpose of Section 3(f) of this
                  Agreement.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        3.

       

      Agreement
        to Deliver Documents.

       

      For
        the
        purpose of Sections 4(a)(i) and (ii) of this Agreement, each party agrees
        to
        deliver the following documents, as applicable:

       

      
        	
                (a)

              	
                Tax
                  forms, documents or certificates to be delivered are:—
                  None

              

      

       

      
        	
                (b)

              	
                Other
                  documents to be delivered are:—

              

      

       

      

      
        	
                Party
                  

                required
                  to 

                deliver
                  

                document

              	
                Form/Document/Certificate

              	
                Date
                  by which to be 

                delivered

              	
                Covered
                  by 

                Section 3(d)
                  

                Representation

              
	
                Party
                  A 

              	
                Certified
                  copy of the power of attorney (or equivalent authorizing documentation)
                  which sets forth the authority of each signatory to this Agreement
                  and
                  each Credit Support Document (if any) signing on its behalf and
                  the
                  authority of such party to enter into Transactions contemplated
                  and
                  performance of its obligations hereunder.

              	
                Concurrently
                  with the execution and delivery of this Agreement.

              	
                Yes

              
	
                Party
                  A and Party B

              	
                Incumbency
                  certificate (or, if available the current authorized signature
                  book or
                  equivalent authorizing documentation) specifying the names, titles,
                  authority and specimen signatures of the persons authorized to
                  execute
                  this Agreement which sets forth the specimen signatures of each
                  signatory
                  to this Agreement, each Confirmation and each Credit Support Document
                  (if
                  any) signing on its behalf.

              	
                Concurrently
                  with the execution and delivery of this Agreement unless previously
                  delivered and still in full force and effect.

              	
                Yes

              
	
                Party
                  A and B

              	
                An
                  opinion of counsel to such party reasonably satisfactory in form
                  and
                  substance to the other party.

              	
                Concurrently
                  with the execution and delivery of the Confirmation unless previously
                  delivered and still in full force and effect.

              	
                No

              
	
                Party
                  B

              	
                An
                  executed copy of the PSA.

              	
                Within
                  30 days after the date of this Agreement.

              	
                Yes

              
	
                Party
                  B

              	
                Each
                  material amendment, supplement or waiver of the PSA, as proposed
                  from time
                  to time, or any other amendment or modification of the PSA that
                  requires
                  the consent of Party under the terms of the PSA or otherwise adversely
                  affects Party A’s interests under this Agreement or the ability of Party B
                  to fully and timely perform its obligations under this
                  Agreement.

              	
                Promptly
                  upon learning of any proposed amendment, supplement or
                  waiver

              	
                Yes

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        4.

       

      Miscellaneous.

       

      
        	
                (a)

              	
                Addresses
                  for Notices.
                  For the purposes of Section 12(a) of this Agreement:
                  

              

      

       

      Party
        A:

       

      
        	 	
                (1)

              	
                Address
                  for notices or communications to Party
                  A:-

              

      

       

      
        	 	
                (i)

              	
                For
                  all purposes under this Agreement:

              

      

      ABN
        AMRO Bank N.V., Chicago Branch

      Global
        Documentation Unit

      540
        W.
        Madison Street, 22nd Floor

      Chicago,
        IL 60661

      
        	 	
                Attention:

              	
                Treasury
                  Documentation

              

      

      
        	 	
                Telephone:

              	
                312-904-5214

              

      

      
        	 	
                Fax:

              	
                312-904-0392

              

      

      

      
        	 	
                (ii)

              	
                With
                  a copy to the Office through which Party A is acting for the purposes
                  of
                  the relevant Transactions:

              

      

      

      ABN
        AMRO Bank N.V., Amsterdam Head Office

      P.O.
        Box
        283

      1000
        AE
        Amsterdam

      The
        Netherlands

      Attention: Operations
        Derivatives Markets

      

      Forex
        Options

      Telephone:
         31-20-6292654

      Telefax: 31-20-6284832

      

      Swaps

      Telephone:
         31-20-6284448

      Telefax: 31-20-6281679

      

      Interest
        Related Products

      Telephone
         31-20-3831226

      Telefax: 31-20-6282462

      

      Credit
        Derivatives

      Telephone:
         31-20-3831230

      Telefax: 31-20-3832299

      

      Telex:
          16021
        Answerback: ABAM NL

      Electronic
        Messaging System Details: Swift ABNA NL 2A

      

      ABN
        AMRO Bank N.V., Chicago Branch

      540
        West
        Madison Avenue, Suite 2132

      Chicago,
        IL 60661

      Attention: Treasury
        Operations

      Telefax: 312-855-5852

      Telephone: 312-992-5816

      Electronic
        Messaging System Details: ABNA US 33a XXX

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      ABN
        AMRO Bank N.V., London Branch

      199
        Bishopsgate,

      London
        EC2M 3XW,

      United
        Kingdom

      Attention:
         Fixed
        Income Derivatives Documentation

      Telex: 887366
        Answerback: ABNALN G

      Telefax: 44
        20
        7857 9428

      Telephone: 44
        20
        7678 3311

      Electronic
        Messaging System Details: Swift ABNA GB 2L

      

      
        	 	
                Party
                  B:

              	
                Long
                  Beach Mortgage Loan Supplemental Interest Trust
                  2006-4

              

      

      

      
        	 	
                c/o:
                  

              	
                Deutsche
                  Bank National Trust Company

              

      

      1761
        East
        St. Andrew Place, 

      Santa
        Ana, 

      California
        92705-4934

      Attention:
        Long
        Beach Mortgage Loan Supplemental Interest Trust 2006-4

      Telephone:
        (714) 247-6000

      Facsimile:
        (714) 247-6478

      

      
        	
                (b)

              	
                Process
                  Agent. For
                  the purposes of Section 13(c) of this
                  Agreement:

              

      

       

      Party
        A
        appoints as its Process Agent: Not applicable.

       

      Party
        B
        appoints as its Process Agent: Not applicable.

       

      
        	
                (c)

              	
                Offices.
                  With respect to Party A, the provisions of Section 10(a) will apply
                  to
                  this Agreement.

              

      

       

      
        	
                (d)

              	
                Multibranch
                  Party.
                  For the purpose of Section 10(c) of this
                  Agreement:

              

      

       

       

      Party
        A
        is a Multibranch Party and may act through the following Offices: Amsterdam,
        Chicago and London. 

      Party
        B is not a Multibranch Party.

       

      
        	
                (e)

              	
                Calculation
                  Agent.
                  The Calculation Agent is Party A.

              

      

       

      
        	
                (f)

              	
                Credit
                  Support Document.
                  Credit Support Document means 

              

      

       

      With
        respect to Party A: The Credit Support Annex (upon the occurrence of a
        Collateralization Event or Rating Event, each as defined under Part 5(b))
        .

       

      With
        respect to Party B: The PSA.

       

      
        	
                (g)

              	
                Credit
                  Support Provider.

              

      

       

      Credit
        Support Provider means in relation to Party A: Not applicable.

      Credit
        Support Provider means in relation to Party B: Not applicable.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                (h)

              	
                Governing
                  Law.
                  This Agreement will be governed by and construed in accordance
                  with the
                  laws of the State of New York (without reference to choice of law
                  doctrine
                  other than New York General Obligation Law Sections 5-1401 and
                  5-1402).

              

      

       

      
        	
                (i)

              	
                Netting
                  of Payments.
                  Subparagraph (ii) of Section 2(c) of this Agreement will apply
                  to all
                  Transactions.

              

      

       

      
        	
                (j)

              	
                “Affiliate.”
                  Each of Party A and Party B shall be deemed to have no
                  Affiliates.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Part
        5.

       

      Other
        Provisions.

       

      
        	
                (a)

              	
                Definitions. 

              

      

       

      Any
        capitalized terms used but not otherwise defined in this Agreement shall
        have
        the meanings assigned to them (or incorporated by reference) in the PSA.
        In the
        event of any inconsistency between the terms of this Agreement and the terms
        of
        the PSA, this Agreement will govern.

       

      
        	
                (b)

              	
                Downgrade
                  Provisions. 

              

      

      

      (1) It
        shall
        be a collateralization event (a “Collateralization
        Event”)
        if (A)
        (i) the unsecured, unguaranteed and otherwise unsupported long-term senior
        debt obligations of Party A are rated below “A1” by Moody's Investors
        Service, Inc. (“Moody's”)
        or are
        rated “A1” by Moody's and such rating is on watch for possible downgrade (but
        only for so long as it is on watch for possible downgrade) and (ii) the
        unsecured, unguaranteed and otherwise unsupported short-term debt obligations
        of
        Party A are rated below “P-1” by Moody's or are rated “P-1” by Moody's and
        such rating is on watch for possible downgrade (but only for so long as it
        is on
        watch for possible downgrade), (B) no short-term rating is available from
        Moody's and the unsecured, unguaranteed and otherwise unsupported long-term
        senior debt obligations of Party A are rated below “Aa3” by Moody's or are
        rated “Aa3” by Moody's and such rating is on watch for possible downgrade (but
        only for so long as it is on watch for possible downgrade), or (C) either
        (i)
        the unsecured, unguaranteed and otherwise unsupported short-term debt
        obligations of Party A are rated below “A-1” by Standard & Poor's
        Rating Services, a division of The McGraw-Hill Companies, Inc. (“S&P”)
        or
        (ii) if Party A does not have a short-term rating from S&P, the
        unsecured, unguaranteed and otherwise unsupported long-term senior debt
        obligations of Party A are rated below “A+” by S&P or (D) either
        (i) the unsecured, unguaranteed and otherwise unsupported long-term senior
        debt
        obligations of Party A are rated below “A” by Fitch, Inc. (“Fitch”,
        and together with Moody’s and S&P, the “Rating
        Agencies”)
        or (ii) the unsecured, unguaranteed and otherwise unsupported short-term
        debt
        obligations of Party A are rated below “F-1” by Fitch.
        For the
        avoidance of doubt, the parties hereby acknowledge and agree that
        notwithstanding the occurrence of a Collateralization Event, this Agreement
        and
        each Transaction hereunder shall continue to qualify as a Swap Agreement
        for
        purposes of the distribution priorities in Article IV of the PSA. Within
        30 days
        from the date a Collateralization Event has occurred and so long as such
        Collateralization Event is continuing, Party A shall, at its own expense,
        and subject to satisfaction of the Rating Agency Condition either (i) pursuant
        to the terms of an ISDA Credit Support Annex, including Paragraph 13, added
        to
        this Agreement by an amendment to this Agreement (the “Credit
        Support Annex”),
        post
        collateral to Party B in an amount sufficient to restore to the levels that
        existed immediately prior to the Collateralization Event the ratings of any
        Certificates then rated by the Rating Agencies, (ii) furnish a guarantee
        of
        Party A's obligations under this Agreement from a guarantor with a long-term
        credit rating greater than or equal to “A+” by S&P and “Aa3” by Moody's, or
        (iii) obtain a substitute counterparty that (a) is reasonably acceptable
        to
        Party B, (b) satisfies the Hedge Counterparty Ratings Requirement (as
        defined herein) and (c) assumes the obligations of Party A under this
        Agreement (through an assignment and assumption agreement in form and substance
        reasonably satisfactory to Party B) or replaces the outstanding
        Transactions hereunder with transactions on identical terms, except that
        Party A shall be replaced as counterparty, provided that such substitute
        counterparty, as of the date of such assumption or replacement, must not,
        as a
        result thereof, be required to withhold or deduct on account of tax under
        the
        Agreement or the new transactions, as applicable, and such assumption or
        replacement must not lead to a termination event or event of default occurring
        in respect of the new transactions, as applicable. To the extent that Party
        A
        elects or is required to post collateral pursuant to this Part 5(b)(1), Party
        A
        shall request its legal counsel to deliver to each applicable Rating Agency
        within thirty (30) calendar days of the occurrence of such Collateralization
        Event an opinion satisfactory to the Rating Agency as to the enforceability
        of
        the Credit Support Annex.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (2) It
        shall
        be a ratings event (a “Ratings
        Event”)
        if at
        any time after the date hereof Party A shall fail to satisfy the Hedge
        Counterparty Ratings Threshold. “Hedge
        Counterparty Ratings Threshold”
shall
        mean (A) the unsecured, unguaranteed and otherwise unsupported long-term
        senior
        debt obligations of Party A are rated at least “BBB-” by S&P, (B) the
        unsecured, unguaranteed and otherwise unsupported long-term senior debt
        obligations of Party A are rated at least “A3” by Moody's (and such rating
        is not on watch for possible downgrade) and the unsecured, unguaranteed and
        otherwise unsupported short-term debt obligations of Party A are rated at
        least “P-2” by Moody's
        (and
        such rating is not on watch for possible downgrade),
        and (C)
        either (i) the unsecured, unguaranteed and otherwise unsupported long-term
        senior debt obligations of Party A are rated at least “BBB+” by Fitch or
        (ii) the unsecured, unguaranteed and otherwise unsupported short-term debt
        obligations of Party B are rated at least “F2” by Fitch. For the avoidance
        of all doubts, the parties hereby acknowledge and agree that notwithstanding
        the
        occurrence of a Ratings Event, this Agreement and each Transaction hereunder
        shall continue to qualify as a Swap Agreement for purposes of the distribution
        priorities in Section 4.01 of the PSA. 

       

      
        	 	
                (3)

              	
                Following
                  a Ratings Event, Party A shall take the following
                  actions:

              

      

       

      Within
        30
        days (or, in the case of a failure to meet the requirements of subparagraph
        (A)
        of the definition of “Hedge Counterparty Ratings Threshold”, within 10 business
        days) of the Ratings Event, Party A, at its sole expense, shall (i) obtain
        a substitute counterparty that (A) satisfies the Rating Agency Condition,
        (B)
        satisfies the Hedge Counterparty Ratings Requirement and (C) assumes the
        obligations of Party A under this Agreement (through an assignment and
        assumption agreement in form and substance reasonably satisfactory to
        Party B) or replaces the outstanding Transactions hereunder with
        transactions on identical terms, except that Party A shall be replaced as
        counterparty, provided that such substitute counterparty, as of the date
        of such
        assumption or replacement, must not, as a result thereof, be required to
        withhold or deduct on account of tax under the Agreement or the new
        transactions, as applicable, and such assumption or replacement must not
        lead to
        a termination event or event of default occurring in respect of the new
        transactions, as applicable, and (ii) on or prior to the expiration of such
        period pursuant to a Credit Support Annex adopted as set forth in Part 5(b)(1),
        post collateral to Party B in an amount sufficient to restore to the levels
        that
        existed immediately prior to the Ratings Event the ratings of any Certificates
        then rated by one or more Rating Agencies. Notwithstanding anything contained
        herein to the contrary, if Party A is required to transfer its rights and
        obligations under this Agreement pursuant to this Part 5(b)(3) as a result
        of a
        rating issued by S&P, Party A shall, at all times prior to such transfer, be
        required to post collateral in accordance with (i) the terms of the Credit
        Support Annex or (ii) an agreement with Party B providing for the posting
        of
        collateral, which agreement shall satisfy the Rating Agency Condition specified
        in Part 5(n) below and require Party A to post the required
        collateral.

       

      “Hedge
        Counterparty Ratings Requirement”
shall
        mean (a) either (i) the unsecured, unguaranteed and otherwise unsupported
        short-term debt obligations of the substitute counterparty are rated at least
        “A-1” by S&P or (ii) if the substitute counterparty does not have a
        short-term rating from S&P, the unsecured, unguaranteed and otherwise
        unsupported long-term senior debt obligations of the substitute counterparty
        are
        rated at least “A+” by S&P, (b) either (i) the unsecured, unguaranteed and
        otherwise unsupported long-term senior debt obligations of such substitute
        counterparty are rated at least “A1” by Moody's (and if rated “A1” by Moody's,
        such rating is not on watch for possible downgrade) and the unsecured,
        unguaranteed and otherwise unsupported short-term debt obligations of such
        substitute counterparty are rated at least “P-1” by Moody's (and if rated “P-1”
by Moody's, such rating is not on watch for possible downgrade and remaining
        on
        watch for possible downgrade), or (ii) if such substitute counterparty does
        not
        have a short-term debt rating from Moody's, the unsecured, unguaranteed and
        otherwise unsupported long-term senior debt obligations of such substitute
        counterparty are rated at least “Aa3” by Moody's (and if rated “Aa3” by Moody's,
        such rating is not on watch for possible downgrade), and (c) either (i) the
        unsecured, unguaranteed and otherwise unsupported long-term senior debt
        obligations of such substitute counterparty are rated at least “A” by Fitch or
        (ii) the unsecured, unguaranteed and otherwise unsupported short-term debt
        obligations of such substitute counterparty are rated at least “F1” by Fitch.
        For the purpose of this definition, no direct or indirect recourse against
        one
        or more shareholders of the substitute counterparty (or against any Person
        in
        control of, or controlled by, or under common control with, any such
        shareholder) shall be deemed to constitute a guarantee, security or support
        of
        the obligations of the substitute counterparty.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                (c)

              	
                Section
                  3(a) of this Agreement is hereby amended to include the following
                  additional representations after paragraph
                  3(a)(v):

              

      

       

      
        	 	
                (vi)
                  

              	
                Eligible
                  Contract Participant.
                  It
                  is an “eligible contract participant” as defined in section 1a(12) of the
                  U.S. Commodity Exchange Act.

              

      

       

      
        	 	
                (vii)
                  

              	
                Individual
                  Negotiation.
                  This Agreement and each Transaction hereunder is subject to individual
                  negotiation by the parties.

              

      

       

      
        	 	
                (viii)
                  

              	
                Relationship
                  between Party A and Party B.
                  Subject as provided in Part 5(g), each of Party A and Party B will
                  be
                  deemed to represent to the other on the date on which it enters
                  into a
                  Transaction or an amendment thereof that (absent a written agreement
                  between Party A and Party B that expressly imposes affirmative
                  obligations
                  to the contrary for that
                  Transaction):

              

      

       

      
        	 	
                (1)

              	
                Principal.
                  It
                  is acting as principal and not as agent when entering into this
                  Agreement
                  and each Transaction. 

              

      

       

      
        	 	
                (2)

              	
                Non-Reliance.
                  It
                  is acting for its own account and it has made its own independent
                  decisions to enter into that Transaction and as to whether that
                  Transaction is appropriate or proper for it based upon its own
                  judgment
                  and upon advice from such advisors as it has deemed necessary.
                  It is not
                  relying on any communication (written or oral) of the other party
                  as
                  investment advice or as a recommendation to enter into that Transaction;
                  it being understood that information and explanations related to
                  the terms
                  and conditions of a Transaction shall not be considered investment
                  advice
                  or a recommendation to enter into that Transaction. No communication
                  (written or oral) received from the other party shall be deemed
                  to be an
                  assurance or guarantee as to the expected results of that
                  Transaction.

              

      

       

      
        	 	
                (3)

              	
                Evaluation
                  and Understanding. It
                  is capable of evaluating and understanding (on its own behalf or
                  through
                  independent professional advice), and understands and accepts,
                  the terms,
                  conditions and risks of this Agreement and each Transaction hereunder.
                  It
                  is also capable of assuming, and assumes, all financial and other
                  risks of
                  this Agreement and each Transaction hereunder.

              

      

       

      
        	 	
                (4)

              	
                Status
                  of Parties. The
                  other party is not acting as a fiduciary or an advisor for it in
                  respect
                  of that Transaction. 

              

      

       

      
        	
                (d)

              	
                Section
                  1(c). For
                  purposes of Section 1(c) of the Agreement, the Transaction with
                  the
                  External ID number 2383872 shall be the sole Transaction under
                  the
                  Agreement. 

              

      

       

      
        	
                (e)

              	
                Transfer.
                  Section
                  7 is hereby amended to read in its entirety as
                  follows:

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Except
        as
        stated under Section 6(b)(ii), neither Party A nor Party B is permitted to
        assign, novate or transfer (whether by way of security or otherwise) as a
        whole
        or in part any of its rights,
        obligations or interests under this Agreement or any Transaction without
        the
        prior written consent of the other party; provided, however, that (i) Party
        A
        may make such a transfer of this Agreement pursuant to a consolidation or
        amalgamation with, or merger with or into, or transfer of substantially all
        of
        its assets to, another entity, or an incorporation, reincorporation or
        reconstitution, and (ii) Party A may transfer this Agreement to any Person
        that
        is an office, branch or affiliate of Party A (any such Person, office, branch
        or
        affiliate, a “Transferee”)
        on at
        least five Business Days' prior written notice to Party B; provided that,
        with
        respect to clause (ii), (A) as of the date of such transfer the Transferee
        will
        not be required to withhold or deduct on account of a Tax from any payments
        under this Agreement unless the Transferee will be required to make payments
        of
        additional amounts pursuant to Section 2(d)(i)(4) of this Agreement in respect
        of such Tax; (B) a Termination Event or Event of Default does not occur under
        this Agreement as a result of such transfer; (C) such notice is accompanied
        by a
        written instrument pursuant to which the Transferee acquires and assumes
        the
        rights and obligations of Party A so transferred; and (D) Party A will be
        responsible for any costs or expenses incurred in connection with such transfer.
        Party B will execute such documentation as is reasonably deemed necessary
        by
        Party A for the effectuation of any such transfer. Notwithstanding the
        foregoing, no such transfer shall be made unless the transferring party obtains
        a written confirmation from each of the Rating Agencies that, notwithstanding
        such transfer, the then-current ratings of the
        Class
        A Certificates, the Mezzanine Certificates and the Class B Certificates
will
        not be reduced
        or
        withdrawn.

       

      Except
        as specified otherwise in the documentation evidencing a transfer, a transfer
        of
        all the obligations of Party A made in compliance with this Section 7 will
        constitute an acceptance and assumption of such obligations (and any related
        interests so transferred) by the Transferee, a novation of the transferee
        in
        place of Party A with respect to such obligations (and any related interests
        so
        transferred), and a release and discharge by Party B of Party A from, and
        an
        agreement by Party B not to make any claim for payment, liability, or otherwise
        against Party A with respect to, such obligations from and after the effective
        date of the transfer.

       

      
        	
                (f)

              	
                Trustee
                  Capacity. It
                  is expressly understood and agreed by the parties hereto that (i)
                  this
                  Agreement is executed and delivered by the Trustee not individually
                  or
                  personally but solely as trustee of the Trust, in the exercise
                  of the
                  powers and authority conferred and vested in it under the PSA,
                  (ii) each
                  of the representations, undertakings and agreements herein made
                  on the
                  part of the Trust is made and intended not as personal representations,
                  undertakings and agreements by the Trustee but is made and intended
                  for
                  the purpose of binding only the Trust, (iii) nothing herein contained
                  shall be construed as creating any liability on the part of the
                  Trustee,
                  individually or personally, to perform any covenant either expressed
                  or
                  implied contained herein, all such liability, if any, being expressly
                  waived by the parties hereto and by any Person claiming by, through
                  or
                  under the parties hereto and (iv) under no circumstances shall
                  the Trustee
                  be personally liable for the payment of any indebtedness or expenses
                  of
                  the Trust or be liable for the breach or failure of any obligation,
                  representation, warranty or covenant made or undertaken by the
                  Trust under
                  this Agreement or any other related documents as to all of which
                  recourse
                  shall be had solely to the assets of the Trust in accordance with
                  the
                  terms of the PSA.

              

      

       

      
        	
                (g)

              	
                Additional
                  Representations.

              

      

       

      Party
        B
        represents that:

       

      
        	 	
                (i)

              	
                Status.
                  The Trustee is trustee of the Trust whose appointment is valid
                  and
                  effective both under the laws of the State of New York and under
                  the PSA,
                  and the Trustee has the power to own assets in its capacity as
                  trustee of
                  the Trust.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	 	
                (ii)

              	
                Powers.
                  In its capacity as trustee of the Trust, the Trustee has power
                  under the
                  PSA to execute this Agreement and any other documentation relating
                  to this
                  Agreement that the Trustee is executing and delivering on behalf
                  of the
                  Trust, to deliver this Agreement and any other documentation relating
                  to
                  this Agreement that it is required to execute and deliver and to
                  perform
                  the obligations (on behalf of the Trust) under this Agreement and
                  any
                  obligations (on behalf of the Trust) under any Credit Support Document
                  to
                  which the Trust is party and has taken all necessary action to
                  authorize
                  such execution, delivery and
                  performance;

              

      

       

      
        	 	
                (iii)

              	
                No
                  violation or conflict. Such execution, delivery and performance
                  do not
                  violate or conflict with any law applicable to the Trustee or the
                  Trust,
                  any provision of the PSA, any order or judgment of any court or
                  other
                  agency of government applicable to the Trustee, the Trust or any
                  assets of
                  the Trust, or any contractual restriction binding on or affecting
                  the
                  Trustee, the Trust or any assets of the
                  Trust;

              

      

       

      
        	 	
                (iv)

              	
                Consents.
                  All governmental and other consents that are required have been
                  obtained
                  by the Trust with respect to this Agreement or any Credit Support
                  Document
                  to which the Trust is party have been obtained and are in full
                  force and
                  effect and all conditions of such consents have been complied with;
                  and
                  

              

      

       

      
        	 	
                (v)

              	
                Obligations
                  binding. The obligation of the Trust under this Agreement and any
                  Credit
                  Support Document to which the Trust is party constitute legal,
                  valid and
                  binding obligations of the Trust, enforceable against the Trust
                  in
                  accordance with their respective terms (subject to applicable bankruptcy,
                  reorganization, insolvency, moratorium or similar laws affecting
                  creditors' rights generally and subject, as to enforceability,
                  to
                  equitable principles of general application (regardless of whether
                  enforcement is sought in a proceeding in equity or law)) and no
                  circumstances are known to the Trust or the Trustee which would
                  or might
                  prevent the Trustee from having recourse to the assets of the Trust
                  for
                  the purposes of meeting such
                  obligations.

              

      

       

      
        	
                (h)

              	
                Proceedings.
                  Without impairing any right afforded to it under the PSA as a third
                  party
                  beneficiary, Party A shall not institute against or cause any other
                  person
                  to institute against, or join any other person in instituting against
                  the
                  Trust, any bankruptcy, reorganization, arrangement, insolvency
                  or
                  liquidation proceedings, or other proceedings under any federal
                  or state
                  bankruptcy, dissolution or similar law, for a period of one year
                  and one
                  day, or
                  if longer the applicable preference period then in effect,
                  following indefeasible payment in full of the Certificates.
                  Nothing shall preclude, or be deemed to stop, Party A (i) from
                  taking any
                  action prior to the expiration of the aforementioned one year and
                  one day
                  period, or if longer the applicable preference period then in effect,
                  in
                  (A) any case or proceeding voluntarily filed or commenced by Party
                  B or
                  (B) any involuntary insolvency proceeding filed or commenced by
                  a Person
                  other than Party A, or (ii) from commencing against Party B or
                  any of the
                  Mortgage Loans any legal action which is not a bankruptcy, reorganization,
                  arrangement, insolvency, moratorium, liquidation or similar proceeding.
                  

              

      

       

      
        	
                (i)

              	
                Change
                  of Account.
                  Section 2(b) of this Agreement is hereby amended by the addition
                  of the
                  following after the word “delivery” in the first line
                  thereof:-

              

      

       

      “to
        another account in the same legal and tax jurisdiction as the original
        account”

      

      
        	
                (j)

              	
                Pooling
                  and Servicing Agreement.
                  Party
                  B will provide at least ten days' prior written notice to Party
                  A of any
                  proposed amendment or modification to the PSA and Party B will
                  obtain the prior written consent of Party A to any such amendment
                  or
                  modification, where such notice and consent are required under
                  the terms
                  of the PSA.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      
        	
                (k)

              	
                Set-off.
                  Notwithstanding
                  any provision of this Agreement or any other existing or future
                  agreements, each of Party A and Party B irrevocably waives as to
                  itself
                  any and all contractual rights it may have to set off, net, recoup
                  or
                  otherwise withhold or suspend or condition its payment or performance
                  of
                  any obligation to the other party under this Agreement against
                  any
                  obligation of one party hereto to the other party hereto arising
                  outside
                  of this Agreement. The provisions for set-off set forth in Section
                  6(e) of
                  this Agreement shall not apply for purposes of this
                  Transaction.

              

      

       

      
        	
                (l)

              	
                Notice
                  of Certain Events or Circumstances.
                  Each party agrees, upon learning of the occurrence or existence
                  of any
                  event or condition that constitutes (or that with the giving of
                  notice or
                  passage of time or both would constitute) an Event of Default or
                  Termination Event with respect to such party, promptly to give
                  the other
                  party notice of such event or condition (or, in lieu of giving
                  notice of
                  such event or condition in the case of an event or condition that
                  with the
                  giving of notice or passage of time or both would constitute an
                  Event of
                  Default or Termination Event with respect to the party, to cause
                  such
                  event or condition to cease to exist before becoming an Event of
                  Default
                  or Termination Event); provided that failure to provide notice
                  of such
                  event or condition pursuant to this Part 5(l) shall not constitute
                  an
                  Event of Default or a Termination
                  Event.

              

      

       

      
        	
                (m)

              	
                Regarding
                  Party A.
                  Party
                  B acknowledges and agrees that Party A has had and will have no
                  involvement in and, accordingly Party A accepts no responsibility
                  for: (i)
                  the establishment, structure, or choice of assets of Party B; (ii)
                  the
                  selection of any person
                  performing services for or acting on behalf of Party B; (iii) the
                  selection of Party A as the Counterparty;
                  (iv) the terms of the Certificates; (v) the preparation of or passing
                  on
                  the disclosure and other information contained in any offering
                  circular
                  for the Certificates, the PSA, or any other agreements or documents
                  used
                  by Party B or any other party in connection with the marketing
                  and sale of
                  the Certificates (other than information provided by Party A for
                  purposes
                  of the disclosure document relating to the Class
                  A Certificates, the Mezzanine Certificates and the Class B
                  Certificates;
                  (vi) the ongoing operations and administration of Party B, including
                  the
                  furnishing of any information to Party B which is not specifically
                  required under this Agreement; or (vii) any other aspect of Party
                  B's
                  existence.

              

      

       

      
        	
                (n)

              	
                Amendments
                  and Rating Agency Condition.
                  Without prejudice to Section 9 of this Agreement, this Agreement
                  will not
                  be amended unless the Rating Agency Condition is satisfied with
                  respect to
                  such amendment. “Rating Agency Condition” means, with respect to any
                  particular proposed act or omission to act hereunder that the party
                  acting
                  or failing to act must consult with each of S&P, Fitch and Moody’s
                  then providing a rating of the Class A Certificates, the Mezzanine
                  Certificates and the Class B Certificates
                  and receive a prior written confirmation from each of the Rating
                  Agencies
                  that S&P, Moody’s or Fitch will not downgrade or withdraw its
                  then-current ratings of any outstanding Class A Certificates, the
                  Mezzanine Certificates or the Class B
                  Certificates.

              

      

       

      
        	
                (o)

              	
                Jurisdiction.
                  Section 13(b) is hereby amended by: (i) deleting in the second
                  line of
                  subparagraph (i) thereof the word “non-” and (ii) deleting the final
                  paragraph thereof.

              

      

       

      
        	
                (p)

              	
                Waiver
                  of Jury Trial.
                  Each party waives, to the fullest extent permitted by applicable
                  law, any
                  right it may have to a trial by jury in respect of any suit, action
                  or
                  proceeding relating to this Agreement or any Credit Support Document.
                  Each
                  party certifies (i) that no representative, agent or attorney of
                  the other
                  party or any Credit Support Provider has represented, expressly
                  or
                  otherwise, that such other party would not, in the event of such
                  a suit,
                  action or proceeding, seek to enforce the foregoing waiver and
                  (ii)
                  acknowledges that it and the other party have been induced to enter
                  into
                  this Agreement and provide for any Credit Support Document, as
                  applicable,
                  by, among other things, the mutual waivers and certifications in
                  this
                  Section.

              

      

       

      
        	
                (q)

              	
                Consent
                  to Recording.
                  Each party (i) consents to the recording of the telephone conversations
                  of
                  trading and marketing personnel of the parties in connection with
                  this
                  Agreement or any potential transaction and (ii) if applicable,
                  agrees to
                  obtain any necessary consent of, and give notice of such recording
                  to,
                  such personnel. 

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                (r)

              	
                Independent
                  Reliance.
                  The parties agree to amend Section 3 of this Agreement by the addition
                  of
                  the following provision at the end thereof and marked as subsection
                  (g).

              

      

       

      

      
        	 	
                “(g)

              	
                Independent
                  Reliance. Party
                  A is entering into this Agreement and will enter into each Transaction
                  in
                  reliance upon such tax, accounting, regulatory, legal, and financial
                  advice as it deems necessary and not upon any view expressed by
                  the other
                  party. Party B is entering into this Agreement and will enter into
                  each
                  Transaction in reliance upon the direction of the Depositor and
                  not upon
                  any view expressed by the other
                  party.”

              

      

      

      
        	
                (s)

              	
                Escrow
                  Payments.
                  If
                  (whether by reason of the time difference between the cities in
                  which
                  payments are to be made or otherwise) it is not possible for simultaneous
                  payments to be made on any date on which both parties are required
                  to make
                  payments hereunder, either party may at its option and in its sole
                  discretion notify the other party that payments on that date are
                  to be
                  made in escrow. In this case deposit of the payment due earlier
                  on that
                  date shall be made by 2:00 pm (local time at the place for the
                  earlier
                  payment) on that date with an escrow agent selected by the notifying
                  party, accompanied by irrevocable payment instructions (i) to release
                  the
                  deposited payment to the intended recipient upon receipt by the
                  escrow
                  agent of the required deposit of the corresponding payment from
                  the other
                  party on the same date accompanied by irrevocable payment instructions
                  to
                  the same effect or (ii) if the required deposit of the corresponding
                  payment is not made on that same date, to return the payment deposited
                  to
                  the party that paid it into escrow. The party that elects to have
                  payments
                  made in escrow shall pay all costs of the escrow
                  arrangements.

              

      

       

      
        	
                (t)

              	
                [Reserved.] 

              

      

       

      
        	
                (u)

              	
                Method
                  of Notice.
                  Section 12(a)(ii) of this Agreement is deleted in its
                  entirety.

              

      

       

      
        	
                (v)

              	
                USA
                  PATRIOT Act Notice.
                  Party A hereby notifies Party B that pursuant to the requirements
                  of the
                  USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October
                  26,
                  2001)) (the “Act”),
                  it is required to obtain, verify and record information that identifies
                  Party B, which information includes the name and address of Party
                  B and
                  other information that will allow Party A to identify Party B in
                  accordance with the Act.

              

      

       

      

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        parties have executed this document by their duly authorized officers with
        effect from the date specified on the first page hereof.

       

      

       

      

       

      
        	
                ABN
                  AMRO BANK, N.V.

              	
                LONG
                  BEACH MORTGAGE LOAN SUPPLEMENTAL
                  INTEREST TRUST
                  2006-4 

                By
                  Deutsche Bank National Trust Company, not in its individual capacity
                  but
                  solely as Trustee on behalf of Long Beach Mortgage Loan
                  Supplemental
                  Interest Trust
                  2006-4

              
	 	 
	
                By:__________________________

                Name:

                Title:

              	
                By:_______________________________

                Name:

                Title:

              
	
                 

                 

                By:__________________________

                Name:

                Title:

              	
                 

                 

                By:__________________________

                Name:

                Title:DISTRIBUTION AGREEMENT

      This Distribution Agreement (this "Agreement") dated as of May 17, 2006 by
and between Nozin,  LLC, a Delaware Limited Liability  Company,  (the "Company")
and  Essentially  Yours  Industries  (Hong Kong)  Limited,  (the  "Distributor")
located at Units 1-3, 15th Floor,  No. 1 Minden  Avenue,  Tsim Sha Tsui Kowloon,
Hong Kong.

            WHEREAS,  the Company  owns the patent  rights and trade mark rights
(more   particularly   described   in   Schedule   A.I  hereto)  for  a  certain
over-the-counter  healthcare  product known as "NOZIN - Nasal Sanitizer",  which
product and its various  components  (herein called "Products") are described in
Schedule A.II hereto;

            WHEREAS, Distributor desires to obtain from the Company the right to
distribute the Products for resale as herein provided; and

            WHEREAS, the Distributor  understands that its right to purchase and
resell the Products shall be governed solely by the terms of this Agreement.

            NOW THEREFORE,  and in  consideration of the premises and the mutual
covenants  and  promises  contained  herein  and for  other  good  and  valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

      1. Distributor Appointment

            1.1  Subject  to the  terms and  conditions  contained  herein,  the
Company appoints the Distributor as its distributor of the Products,  and hereby
grants to the  Distributor  the right to purchase the Products  from the Company
and the right to distribute  and resell the  Products,  in the  territories  and
areas  defined  in  Schedule  A.  III  ("Territory").  Nothing  herein  shall be
construed to prohibit the Distributor from selling Products at any price.

            1.2 The Distributor hereby accepts the appointment and agrees to use
all  commercially  reasonable  efforts to develop the market for the sale of the
Products in the Territory.

            1.3 Nothing in this  Agreement  shall cause or be construed to cause
the Distributor to be an agent of the Company. The Distributor is an independent
contractor and has control of the details of the  performance of its obligations
hereunder.  The  Distributor  shall  not  impose  or create  any  obligation  or
responsibility,  express or implied, or make any promises,  representations,  or
warranties  on behalf of the Company,  other than as expressly  provided in this
Agreement.

      2. Territory

            2.1  Subject  to the terms of this  Agreement,  the  Company  hereby
designates the Territory,  as per Schedule A.III., as the Distributor's sole and
exclusive  territory for the marketing,  sale and distribution of Products.  The
Distributor's marketing responsibility encompasses both sales and service of the
Products in the Territory.  The Company also hereby designates the Territory, as
per Schedule A.IV., as the Distributor's  territory for the marketing,  sale and
distribution of Products. The Distributor's marketing responsibility encompasses
both sales and service of the  Products  in the  Territory.  The  Company  shall
assist the Distributor to advertise and promote the Products by making available
to the  Distributor  all reliable data in its possession or control,  explaining
the virtues of the Products,  the clinical trials and studies supportive of such
data.

                                      -1-
<PAGE>

            2.2 The  Company  hereby  grants  to the  Distributor  the  sole and
exclusive right to market, sale and distribute the Products in the Territory, as
per Schedule A.III.,  ("Exclusive Rights") for an initial period commencing from
the date of this  Agreement  and ending at the end of nine (9) months  after the
date of the  Distributor's  receipt of the  Products  ordered by it in its first
purchase  order  ("Initial  Exclusive  Term").  The  grant of the  rights to the
Distributor during this Initial Exclusive Term is in recognition of the expenses
incurred  and to be incurred by the  Distributor  to launch the  Products in the
Territories.

            2.3 If the  Distributor  places  purchase  orders within the Initial
Exclusive  Term to  purchase  from the  Company  not less than  $125,000  of the
Company's  Products,  the  Company  shall  extend  the  period  of the  grant of
Exclusive  Rights to the Distributor  beyond the Initial  Exclusive Term, for an
additional  period of one (1) year  ("Extended  Exclusive  Term"),  and,  at the
Distributor's option (to be exercised in writing by notice by the Distributor to
the Company prior to the expiry of any current  Exclusive  Term),  so long as it
continues to place purchase  orders after the first  Extended  Exclusive Term of
not less than $250,000 of the Company's  Products,  the Company shall extend its
grant of Exclusive  Rights to the Distributor for additional  periods of one (1)
year.

            2.4 The Company may, in its sole discretion, refuse to ship Products
ordered  by  the  Distributor  to a  location  other  than  the  Territory.  The
Distributor  shall not sell the  Products  for  delivery  or  shipment  to users
outside the  Territory,  shall not knowingly  sell the Products to users outside
the  Territory,  and shall not knowingly sell the Products to those who directly
or indirectly sell the Products for use outside the Territory.

            2.5 The Distributor  shall, use all commercially  reasonable efforts
to promote,  advertise, sell, and service each of the Products in its Territory,
shall  represent  the  Products  at major  trade  shows  and  exhibitions  in or
encompassing the Territory,  shall maintain  adequate levels of inventory of the
Products,  and shall  maintain a staff of trained  sales and  service  personnel
adequate to cover the  Territory.  The Company may from time to time provide the
Distributor assistance in the Distributors selling and marketing efforts.

      3. Purchase of Products

            In order to ensure the  Company's  ability  to develop an  effective
distribution  and product  support system for the Products within the Territory,
and in order to ensure the quality of the Products and their  reputation  within
the Territory, the Distributor shall purchase Products only from the Company and
not from any other source.  For its part, the Company will use all  commercially
reasonable efforts to ensure that the Products that its sells to the Distributor
are of the best quality, in accordance with the terms of this Agreement.

                                      -2-
<PAGE>

      4. Distributor Facilities and Inventory

            4.1 The  Distributor  shall maintain one or more suitable  places of
business  within the  Territory  that are all  sufficient,  in the  commercially
reasonable judgment of the parties, to display, store, and service the Products.

            4.2 The Distributor  shall maintain such inventory of Products as is
sufficient,  in the commercially reasonable judgment of the parties,  reasonably
to meet the sales potential and product  support  requirements in the Territory.
The  Distributor  shall  comply  with all  instructions  issued  by the  Company
regarding  the storage,  handling,  and  maintenance  of the  Products  that are
reasonably necessary for the protection of persons or property.  The Distributor
shall hold the Company harmless with respect to any losses occurring as a result
of the failure to follow such instructions.

      5. Prices and Terms of Sales and Delivery

            5.1 All sales of the Products to the  Distributor  shall be governed
by the Company's written pricing policies,  credit policy, price lists, discount
schedules,  and terms and conditions of sale specified in Schedule C. Prices for
the Products shall be based on the "Distributor  Price List" set out in Schedule
C.I,  subject to review by the parties in December of each year  (commencing  in
January 1,  2008)  during the term of this  Agreement,  and any agreed  modified
prices shall be effective for the  following  calendar  year. In reviewing  such
prices,  the parties  agree that such prices  shall be  negotiated  and reviewed
based on the principle of commercial fairness.

            5.2 Prices stated in the Distributor  Price List shall apply only to
Products with standard specifications. At the Distributor's request, the Company
at its option may  provide the  Distributor  with price  quotations  on Products
having special or modified  specifications and any such quotations shall only be
binding with respect to the specific  Product and sale to which such a quotation
relates.

            5.3 No purchase order shall be binding on the Company until accepted
in  writing  by a  duly  authorized  representative  of the  Company,  or on the
Distributor unless issued in writing signed by a duly authorized  representative
of the  Distributor  (listed in  Schedule  E). Any  provision  contained  in any
purchase order issued by the  Distributor to the Company which is additional to,
or inconsistent  or conflicting  with, any provision of this Agreement shall not
be binding  on the  Company  unless the  Company  assents to such  provision  in
writing.

            5.4 Although the Distributor may now have or hereafter acquire other
outlets or branches, or change the location of any of them, nothing herein shall
obligate  the  Company to sell or ship the  Products  on orders  accepted by the
Company to any location outside of the Territory.  The Company's  responsibility
for  shipments  shall  cease  upon  delivery  by the  Company  of  properly  and
adequately packaged Products to the transportation  company,  and any claims for
shortages,   losses  or  damage  occurring  thereafter  shall  be  made  by  the
Distributor directly to the transportation company. A copy of any claims against
the  transportation  company  for  shortages  shall be mailed to the Company for
information purposes within five days after making any such claim.

                                      -3-
<PAGE>

            5.5 In addition to payment for the Products,  the Distributor  shall
pay to the Company on demand all  reasonable  expenses and charges  incurred and
paid by the Company, and caused by the Distributor,  for demurrage,  reshipment,
rerouting,  storage  and other  similar  charges  with  respect to the  Products
ordered by the Distributor, including without limitation expenses resulting from
the  Distributor's  failure  promptly  to  accept  delivery  of or pay for  such
Products.

            5.6 The  Company  shall  not be liable  to the  Distributor  for any
injury,  loss,  damage or expense,  whether direct,  indirect or  consequential,
resulting  from or arising  out of delays in delivery  resulting  from delays in
manufacture due to acts of God, and reasonably unforeseeable acts of government.
The time for delivery  specified in any quotation or contract  shall be extended
during the continuance of such conditions and for a reasonable time  thereafter.
If a  shortage  of  supply  is  so  pervasive  as  to  effectively  prevent  the
Distributor from meeting minimum purchase  requirements  through purchase of any
reasonable  combination  of  Products,  the time period for meeting such minimum
purchase requirements will be extended until the shortage ends

      6. Minimum Purchase Requirements

            The  Distributor  shall meet the minimum  purchase  requirement  set
forth in  Schedule  D.  Failure  to meet the  purchase  requirements  as per the
schedule  at the  discretion  of the  Company,  can be just cause for  immediate
termination of the agreement.

      7. Product Approval

            7.1 The Distributor shall be responsible for promptly obtaining,  at
the Distributor's sole cost, all governmental  approvals  necessary for the sale
in the  Territory of all Products  which are or become  subject to  distribution
under this Agreement.

            7.2 Registration of the Products in the Territory shall be under the
name of the Company unless the local law requires registration under the name of
the Distributor.

            7.3 If clinical  trials are required to obtain approval for the sale
of any of the  Products in the  Territory,  the Company  shall have the right to
review and approve  all  proposed  protocols  for such  clinical  trials and the
Distributor  shall not utilize any protocol until  approved by the Company.  The
Company shall not withhold any such approval unreasonably. Clinical trials shall
be monitored by the  Distributor  and the cost of such  clinical  trials will be
borne solely by the Distributor.

            7.4 The  Distributor  shall  supply the Company with full details of
the progress of obtaining  governmental  approvals  in the  Territory  including
documents  issued in relation to it, and, upon receipt of notice of  termination
of the Agreement by the Company,  the Distributor  shall promptly and diligently
organize the transfer of the  governmental  approvals and all related  rights to
the Company or to such third party as the Company shall designate.

            7.5 Failure to obtain  governmental  approval for the sale of any of
the Products in the Territory  within a reasonable  time (which,  depending upon
markets,  will be in the range of a minimum  of 3  months,  and a maximum  of 12
months after all the information necessary to obtain such approvals is available
to the  Distributor)  shall  be just  cause  for  immediate  termination  of the
Agreement by the Company.

                                      -4-
<PAGE>

      8. Quality Control Requirements

            8.1 The  Company  warrants,  and  shall  certify  for each  batch of
Products shipped by it to the Distributor, that the manufacturer of the Products
is cGMP certified or equivalent if manufactured outside the Untied States.

            8.2  The  Company   shall  ensure  that  the  8ml  bottle  shall  be
shrink-wrapped from top to bottom.

            8.3 The Company shall ensure that every batch of Products shipped by
it to the  Distributor  contains a  certificate  of analysis in form and content
satisfactory to the Distributor.

            8.4 The  Company  shall  ensure  that  each  Product  shipped  by it
contains and clearly  specifies on all packaging,  the lot number and expiration
date for such Product,  and states that the Product has a shelf life of at least
eighteen (18) months from the date of its  manufacture.  The Company warrants to
the Distributor that each of the Products that it ships to the Distributor shall
have a shelf life of at least twelve (12) months from the date of shipment.

            8.5 The Company  warrants to the  Distributor  that, for each of the
Products  that it ships to the  Distributor,  the  labeling for such Product has
been  reviewed and  approved by  appropriate  legal  counsel and is approved and
classified as an OTC sale in the United States.

            8.6  Except  as  otherwise  stated,  with  respect  to the  Products
manufactured  by the  Company,  the  Company  makes  only the  limited  warranty
contained in the Warranty  policy for the  Products,  as set forth in Schedule B
(the "Limited Warranty").

      9. Advertising and Promotion

            9.1 The  Distributor  shall provide at its own cost and expense such
advertising   and  promotion  of  the  Products  within  the  Territory  as  the
Distributor deems suitable, after consulting with the Company. The Company shall
assist the Distributor to advertise and promote the Products by making available
to the  Distributor  all reliable data in its possession or control,  explaining
the virtues of the Products,  the clinical trials and studies supportive of such
data.  The  Company  shall,  if  available,  address  the  public  and  media at
promotional  events or trade shows at which the  Distributor  is  promoting  the
Products.

            9.2 The Company may, in its sole discretion,  directly advertise and
promote the Products in the  Territory or  elsewhere.  Company shall furnish the
Distributor  such  promotional  literature  and  other  advertising  aids as the
Company may generate,  to assist the  Distributor to promote the Products.  Such
material  shall remain the property of the Company.  Trade show  expenses may be
shared as mutually  agreed upon in advance by Company and the  Distributor  from
time to time.

                                      -5-
<PAGE>

            9.3 In order that the Company may  protect all  trademarks  that the
Company uses, the Distributor shall not use any such marks,  names,  slogans, or
designations in any advertising copy,  promotional material,  signs, exhibits or
other written or printed material  relating to the Products except that which is
provided  to  the  Distributor  by  the  Company  or  that  which  is in a  form
specifically  approved  in  writing  by the  Company  (such  approval  not to be
unreasonably withheld), and shall not use any of the licensed trademarks outside
the Territory or in connection  with any sales which would violate  Article 2 of
this Agreement.

      10. Training

            From  time to time the  Company  may,  at its sole  discretion,  and
shall,  if  required  by the  Distributor,  offer  training  in the  selling and
servicing of the Products which training shall be available to the Distributor's
personnel  at such  locations as the Company may  specify.  If such  training is
necessary  in order  for the  Distributor  to  fulfill  its  sales  and  service
obligations, the Distributor's personnel shall participate in such training. The
Distributor  shall  bear  that  portion  of the  expenses  of its  personnel  in
attending  such training as is reasonably  agreed to by the parties from time to
time. The Company shall bear the expenses for the initial product launch in Hong
Kong, the Philippines and China as it pertains to air travel and lodging.

      11. Taxes

            The Distributor shall pay all license fees, sales, use, service use,
occupation,  retailer's occupation,  service occupation,  personal property, and
excise taxes and any other fees, assessments,  or taxes which may be assessed or
levied by any national,  state,  or local  government  and any  departments  and
subdivisions  thereof,  as a result  of the  performance  of this  Agreement  or
against any of the Products ordered by the Distributor within the Territory.

      12. Patents, Trademarks, Confidential Information and Product Modification

            12.1 The  Distributor  shall not use any  trademark  or trade  names
relating to the Products,  whether or not registered,  now or hereafter owned or
used  pursuant  to license by the  Company or any mark or name  similar  thereto
except in the manner and to the extent that the Company may specifically consent
in  writing,  except  that the  Distributor  may  refer to the  Products  by the
trademarks which the Company uses in connection  therewith.  Such trademarks may
be changed at the sole  discretion of the Company.  The Distributor is permitted
to use such  trademarks  or trade  names only within the  Territory  and only in
connection with its performance  under this Agreement and, despite such use, the
Distributor shall not acquire any rights or interest thereto.

            12.2 The  Distributor  may include local  language for its promotion
of, or packaging of, the Products within the Territories.

            12.3 In no event shall the  Distributor  alter or modify any product
purchased  hereunder,  or the  trademark  or  trade  names  used  in  connection
therewith by the Company,  in such a manner as will in any way infringe,  impair
or lessen the validity of the patents, trademarks or trade names under which the
Products  are made or sold,  or as will  cause  the  Products  to  infringe  the
patents, trademarks, or trade names of any third party.

            12.4 If the Distributor  alters or modifies any Products without the
Company's  approval,  and/or  uses  trademarks  or  trade  names  in  connection
therewith other than those adopted and used by the Company, the Distributor will
indemnify the Company and hold the Company completely  harmless from and against
any patent infringement,  unfair competition, products liability or other claims
brought against the Company on account of such activities.

                                      -6-
<PAGE>

            12.5 In the course of the  performance  of this  Agreement,  a party
hereto may furnish the other party with  confidential  business  information and
trade secrets  ("Confidential  Information").  Both during and after the term of
this  Agreement,  the  recipient  of such  Confidential  Information  shall  not
disclose same to any person other than its employees and shall keep it in strict
confidence  and not use it for any  purpose  other than the  performance  of its
obligations  under this  Agreement.  Upon  termination  of this  Agreement  (for
whatever reason),  the recipient of such Confidential  Information shall use its
best efforts to return same to the provider.

            12.6 Upon termination of this Agreement (for whatever  reason),  the
Distributor  shall  immediately  return to the  Company all  documents,  product
samples and demonstration kits, and other materials.

            12.7 The  Distributor  shall  ensure  and  guarantee  that all staff
involved  in  the   distribution   of  the  Products   (and  the  staff  or  any
sub-distributor,  dealer or agent) are aware of and observe the  obligations  of
confidentiality contained in this Agreement,  which obligations shall apply also
after  the time  they may have  left the  Distributor  or the  sub-distributors,
dealers or agents.

            12.8 The  obligations of  confidentiality  in this  Agreement  shall
survive the termination of the Agreement.

      13. Remedies

            13.1 Failure of either party at any time to require  performance  of
any  provisions  hereof shall not affect its right to require  full  performance
thereof at any time  thereafter.  The waiver by either  party of a breach of any
such provision shall not constitute a waiver of any subsequent breach thereof or
nullify the effect of such provision.

            13.2 In the event that the Distributor is in default with respect to
any of the terms or conditions of or referred to in this Agreement,  for 30 days
after  receipt of written  notice from the  Company,  the Company  may,  without
incurring liability to the Distributor or its customers and without prejudice to
any other  remedy of the  Company,  defer  further  shipments of Products to the
Distributor  (whether or not the Company has accepted  purchase  orders from the
Distributor with respect to unshipped  Products) until such default is remedied;
provided  that this clause  shall not apply if such  default is due to an act of
God  or act  of  government  or is  otherwise  not  within  the  control  of the
Distributor.

      14. Term and Termination

            14.1 This Agreement shall commence on the effective date hereinafter
stated  and  shall  continue  for a  period  of 5 years  from  the  date of this
agreement ("Initial Term"). This Agreement may be extended by the Company at its
option  for a  further  period of 5 years so long as the  Distributor  is not in
default at the time of renewal.  The Distributor will provide the Company with a
notice of  extension in writing  within  ninety (90) days prior to the expiry of
the Initial Term.

                                      -7-
<PAGE>

            14.2 This Agreement may be terminated by either party immediately if
the  termination  is for a material  violation of this  Agreement,  provided the
alleged  violator  has  been  given  a  written  notice  of its  default  and an
opportunity  to rectify  such  default  within 30 days after its  receipt of the
notice,  and so long as such  default  remains  un-rectified  at the end of such
notice period.

            14.3 In the event the Distributor  terminates  this  Agreement,  the
Company maintains the right to appoint a new designated agent and or distributor
for the Territories.

      15. Effect of Termination

            15.1 Neither party,  by reason of the  termination or non-renewal of
this Agreement, shall be liable to the other for compensation, reimbursement, or
damages  because  of the loss of  anticipated  sales or  prospective  profits or
because of expenditures,  investments,  leases,  property  improvements or other
matters related to the business or goodwill of the parties.

            15.2 In the event of termination  either party,  at its option,  may
offset any sums due to it against any sums owed by it.

            15.3 Upon  termination  of this  Agreement,  the  Distributor  shall
immediately  discontinue  use of any and all  trademarks  and  trade-names  used
pursuant to license by the  Company,  including  without  limitation  use in the
Distributor's  letterheads,  advertising,  and name. The  Distributor  shall not
thereafter  use any such  mark or name or any mark or name  tending  to give the
impression  that any  relation  between the Company  and the  Distributor  still
exists,  and the Distributor  shall  immediately  deliver to such address as the
Company specifies all technical information,  price lists,  catalogs,  drawings,
designs,  engineering  photographs,  samples,  literature,  sales aids, customer
lists and other  confidential  business  information  and trade  secrets  of the
Company in the Distributor's possession.

      16. Application and Construction of Agreement

            16.1 This  Agreement  is binding upon and shall enure to the benefit
of the parties hereto and their respective  successors and assigns,  except that
the  Distributor  shall  not  assign  this  Agreement,  or any  interest  herein
including  rights and duties of performance,  without the written consent of the
Company.

            16.2 This  Agreement  shall not be binding  upon the  parties  until
signed  for  them by their  duly  authorized  officers  or  agents.  No agent or
representative of the parties has any authority to vary the terms and conditions
contained  herein  or  to  make  any  representation,  statement,  warranty,  or
agreement not expressed herein.

            16.3 The laws of the State of Florida shall govern the  construction
of this Agreement and the rights,  remedies and duties of the parties hereto. In
the event of any  dispute,  the parties  shall refer any dispute to  arbitration
pursuant to the American Arbitration  Association,  and the parties will consent
to the venue being in Miami,  Florida and submit  themselves  to the in personam
arbitration  of such  jurisdiction  for the purpose of  resolving  any  disputes
arising out of this Agreement or the transactions contemplated thereby.

                                      -8-
<PAGE>

            16.4 No amendment or  modification  of this Agreement or any portion
thereof shall be valid unless  executed in writing by both parties.  Any written
amendment or modification that is executed by both parties shall be binding upon
them notwithstanding any lack of consideration.

            16.5 All understandings and agreements,  written or oral, heretofore
had or made  between the  parties  with  respect to any of the  subject  matters
herein,  are  merged  into this  Agreement  which  alone  fully  and  completely
expresses their agreement.

            16.6 The  descriptive  headings in the  Agreement  are  inserted for
convenience only and do not constitute a part of this Agreement.

      17. Notice

            17.1 Any notice required or permitted herein shall be in writing and
shall be hand delivered or mailed, postage fully prepaid,  properly addressed to
the party to be notified.  The parties' addresses for all notices given pursuant
to this Agreement shall be at the following  addresses or the last known address
given by such party to the other.  Any such notice shall be  considered  to have
been  given  when hand  delivered  or on the  second  business  day after it was
deposited in the mails.

            To the Company:

            Nozin, LLC
            2100 Ponce de Leon Blvd.
            Suite 901
            Coral Gables, Fl. 33134
            Attn: Jaime A. Figarola

            To the Distributor:

            Essentially Yours Industries (Hong Kong) Limited
            Units 1-3, 15th Floor, No. 1 Minden Avenue,
            Tsim Sha Tsui Kowloon, Hong Kong.
            Attn: Dori O'Neill

      18. Schedules

            18.1 The  following  Schedules  are attached  hereto and made a part
hereof:

            SCHEDULE A      Patent and Trade Mark Rights; Products and Territory
            SCHEDULE B      Limited Warranty
            SCHEDULE C      Terms and Conditions of Sale
            SCHEDULE D      Minimum Purchase Requirements
            SCHEDULE E      Duly authorized individuals to issue and accept
                            purchase orders.

                                      -9-
<PAGE>

      19. Order Stock, Shipping Quantities and Packaging

            19.1.  Purchase orders from the Distributor  will be accepted by the
Company  within two working days after the  Company's  receipt of such  purchase
order. Subject to availability, the Products will be made available within forty
five (45) days after receipt by the Company of the purchase order.

            19.2 The Distributor shall keep a sufficient inventory (based on the
Distributor's  sole  discretion) of the Products to supply market  requirements.
Such inventory shall be stored in accordance with good  manufacturing  practices
in order to preserve and protect the Products.

            19.3 The Distributor shall destroy,  return to the Company,  or make
such other  disposition,  as the Company shall reasonably direct, of any portion
of the Products determined by the Company to be outdated or otherwise to require
such disposition. In the event of such return or destruction before such time as
the Products become  un-saleable,  the Company shall either replace the Products
or reimburse the  Distributor in an amount equal to the Company's  current price
for the Products and the Distributor's cost thereof,  and  transportation  costs
incurred by the  Distributor.  The Company  shall have no liability for material
that is outdated as result of the Distributors inventory management practices.

            19.4  The  Distributor  shall  organize  its  inventory   management
practices in such a way as to ensure that Products are always  supplied to users
in good condition and the Company, at the request of the Distributor,  may offer
assistance in this process.  The Distributor  will, on reasonable  notice permit
the Company's authorized representative to inspect its storage facilities and to
take samples of Products in storage at all  reasonable  times.  The  Distributor
will comply  strictly with all reasonable  directions of the Company in relation
to storage and other  matters to ensure the quality of the Products it supplies.
The Company shall assist the  Distributor  to advertise and promote the Products
by making  available to the  Distributor  all reliable data in its possession or
control, explaining the virtues of the Products, the clinical trials and studies
supportive of such data.

            19.5 The  minimum  shipping  quantities  shall be  5,000  units  per
product per purchase order as per Schedule C.III.

      20. Exchange of Information

            20.1 The  Distributor  will  supply to the  Company  all  reasonable
details in  relation to the  matters  set out below and,  subject to  commercial
reasonableness,  at the frequency  specified against each item, such time period
to start from the date of commencement of the Agreement.

            (1)   Projected  sales of  Products  (a rolling  yearly  forecast is
                  required);

                                      -10-
<PAGE>

            (2)   Details by country  within the Territory  regarding the status
                  of the sales,  including  amounts of the Products sold, placed
                  in  inventory  and  returned   (both  in  dollars  and  units)
                  (yearly);

            (3)   Details of pricing of Products;

            (4)   An annual  business plan detailing the business  strategy that
                  will be used in that  calendar  year to market the Products by
                  country, including promotional budgets, expenses and projected
                  sales  at least 60 days  prior  to the  start of the  relevant
                  calendar year;

            (5)   All technical and medical  questions arising from the Products
                  (as they arise);

            (6)   Any suggestions or feedback from the field  regarding  Product
                  defects,  performance,  or  Product  improvement,  competitive
                  products (as they arise);

            (7)   Any infringement or apparent or threatened infringement of the
                  Company  trademarks  or other  rights  (including  any  patent
                  rights)  in the  Products,  of which the  Distributor  becomes
                  aware (as they arise) and;

            (8)   Any  customer  problem  of an urgent  nature  (within 72 hours
                  after notification).

            20.2 The  Company  will  supply to the  Distributor  all  reasonable
details in  relation to the  matters  set out below and,  subject to  commercial
reasonableness,  at the frequency  specified against each item, such time period
to start from the date of commencement of the Agreement.

            (1)   All  technical  information,   clinical  studies  and  product
                  information  pertaining to the Products that would be material
                  to the  decision of anyone  intending to purchase the Products
                  (as the Company becomes aware of such information);

            (2)   All promotional  materials  developed by the Company to market
                  the Products (as these come into existence); and

            (3)   Details  of any  problems  with the  Products,  or  complaints
                  communicated to the Company about the Products,  their safety,
                  merchantability  or fitness for their advertised use (as these
                  become known to the Company).

      21. New Products

            21.1.  If the  Company  develops  a new  product  comparable  to the
Products  (a "New  Product"),  the Company  shall  propose an  amendment  to the
Agreement  which shall  include  the New Product as a Product to be  distributed
under the Agreement and establish price and terms for the New Product.

                                      -11-
<PAGE>

            21.2.  If the  Distributor  accepts  the  amendment  by signing  and
returning a signed copy of the amendment within 30 days from the mailing thereof
by the Company,  the Agreement  shall be amended.  If the  Distributor  fails to
accept the amendment  within 30 days,  the Company may at its option  distribute
the New Product in the Territory through another means.

      22. Competitive Products

            22.1 The Distributor  agrees not to directly or indirectly  promote,
sell,  distribute  or  otherwise  deal in any products  that are in  competitive
nature with the Products described within.  This prohibition shall extend to the
Distributor's parent and subsidiary companies, its affiliates, and any companies
owned or operated or controlled by the Distributor, its shareholders,  officers,
directors or their family members.

      23. Assignment and Change of Ownership

            23.1 In the event  the  Company  sells or  transfers  its  ownership
rights  to the  patents  for NOZIN - Nasal  Sanitizer  this  Agreement  shall be
binding  in full  effect  upon  the  Company  and  the  purchaser.  At the  sole
discretion of the Company, the Distributor may assign the Distribution Agreement
to another company.

            IN WITNESS  WHEREOF the parties have executed  this  Agreement as of
the date first above written.

COMPANY: Nozin, LLC

By: /s/ Jaime A. Figarola
    --------------------------------
               (Signature)

Name:  Jaime A. Figarola
Title: President

DISTRIBUTOR: Essentially Yours Industries (Hong Kong) Limited

By: /s/ Dori O'Neill
    --------------------------------
               (Signature)

Name:  Dori O'Neill
Title: President & CEO

                                      -12-
<PAGE>

                                   SCHEDULE A

I.    PATENT AND TRADE MARK RIGHTS

            Nozin, LLC owns the worldwide patent (Product is currently in patent
pending  status),  trade marks,  selling and  marketing  rights for any products
under the Nozin brand name.  Nozin,  LLC is a wholly owned  subsidiary of Global
Life Technologies Corp., the parent company.

II.   PRODUCTS

            A.    NOZIN (Nasal Sanitizer) finished product.

                  1.    8ml bottle

                  2.    T-Pack (10 pre-loaded swab devices)

III.  TERRITORY - EXCLUSIVE DISTRIBUTION

            A.    Hong Kong

            B.    Philippines

            The  Products  can  only  be  sold  within  the  Essentially   Yours
            Industries  ("EYI")   multi-level   marketing   network.   If  other
            territories/channels  become  available to EYI through the expansion
            of the EYI multi-level  marketing network,  then the Distributor may
            request  the  Company,  in  writing,  for  permission  to extend the
            Territory  to  include  these  other  territories/channels,  and the
            Company,  at it's  sole  discretion  may  approve  these  additional
            territories.

IV.   TERRITORY - NON-EXCLUSIVE DISTRIBUTION

            a.    China

            In all markets on a non-exclusive basis.

                                      -13-
<PAGE>

                                   SCHEDULE B

                                LIMITED WARRANTY

Nozin,  LLC guarantees  that reasonable care has been used in the manufacture of
the Products,  and that the Products will be  merchandisable  and reasonably fit
for use. The Company  guarantees  that the Products are safe if used as directed
by the Company.  The Company guarantees the quality and ingredients used for the
manufacture  of NOZIN - Nasal  Sanitizer.  The  Company  shall be liable for the
replacement  of  any  defective  Products  returned  to  the  Distributor.   The
Distributor shall provide the Company the reason or reasons for the return.

                                      -14-
<PAGE>

                                   SCHEDULE C

                          TERMS AND CONDITIONS OF SALE

I.    PRICING

      8ml Finished Product
      Per Unit Price: $5.00 U.S. Dollars (FOB) Company Manufacturing facility

      Travel Pack (10 preloaded swabs) Finished Product
      Per Unit Price: $4.50 U.S. Dollars (FOB) Company Manufacturing facility

II.   PAYMENT TERMS

      Payment for the Products shall be made by either a letter of credit from a
      major  financial  institution  acceptable by the Company's bank or by cash
      via wire transfer or by check  payable to "Nozin,  LLC".  The  Distributor
      shall pay a fifty  percent  (50%)  initial  deposit on all orders when the
      purchase order is issued and is confirmed and accepted by the Company. The
      balance  of  fifty  percent  (50%)  will be paid  when  the  Products  are
      confirmed by the transportation  company to be on-board,  on-deck.  Nozin,
      LLC is not responsible for the costs of carriage, insurance and freight.

III.  MINIMUM ORDER SIZE

      8ml Bottle:  5,000 units per purchase order for each territory  comprising
      the Territory.

      T-Pack (10 Pre-loaded  swab  devices):  5,000 units per purchase order for
      each territory comprising the Territory.

                                      -15-
<PAGE>

                                   SCHEDULE D

                      MINIMUM YEARLY PURCHASE REQUIREMENTS

Calendar Year 2006
------------------

8ml bottle - 5,004 units

Travel Pack - 5,040 units

Calendar Year 2007
------------------

8ml bottle - 25,020 units

Travel Pack - 25,200 units

Calendar Year 2008
------------------

8ml bottle - 50,040 units

Travel Pack - 50,400 units

2008 minimums to remain through the term o this distribution agreement.

                                      -16-
<PAGE>

                                   SCHEDULE E

        DULY AUTHORISED INDIVIDUALS TO ISSUE AND ACCEPT PURCHASE ORDERS

On behalf of the Distributors:
------------------------------

Mr. Dori O'Neill and/or his assignee

On behalf of the Company:
-------------------------

Mr. Jaime A. Figarola

Mr. John A. Willimann

Mr. Philippe R. Touret

                                      -17-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]