Document:

Amendment Number 1 to the Sale and Servicing Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDMENT NO. 1 
 TO THE 
 SALE AND SERVICING AGREEMENT 
 Amendment No. 1, dated as of October 26, 2006 (the “Amendment”), to the Sale and Servicing Agreement (the
“Agreement”) dated as of November 1, 2004, by and among ACCREDITED HOME LENDERS, INC., a California corporation, as sponsor and as servicer (the “Sponsor” or the “Servicer,” as applicable),
ACCREDITED MORTGAGE LOAN TRUST 2004-4, a Delaware statutory trust, as issuer (the “Trust”), ACCREDITED MORTGAGE LOAN REIT TRUST, a Maryland real estate investment trust, as seller (the “Seller”), and DEUTSCHE BANK
NATIONAL TRUST COMPANY, a national banking association, as indenture trustee (the “Indenture Trustee”). Capitalized terms used and not defined herein shall have the meaning set forth in the Agreement. 
 WHEREAS, the parties hereto have entered into the Agreement; 
 WHEREAS, the parties to the Agreement desire to amend certain provisions of the Agreement as set forth in this Amendment; 
 WHEREAS, Section 10.03(a) of the Agreement permits the amendment thereof by the Trust, the Servicer, the Seller, the Sponsor and the Indenture Trustee and providing an Opinion of Counsel to the Indenture Trustee.

 NOW, THEREFORE, in consideration of the promises and mutual agreements contained herein, the parties hereto agree to amend the Agreement
pursuant to Section 10.03(a) thereof, and restate certain provisions thereof, as follows: 
 1. The Amendment. The first sentence
of Section 5.24(a) is hereby amended by deleting the words “on behalf of the Trust,” after the word “Servicer” so that the first sentence reads as follows: 
 The Servicer is hereby authorized to enter into a facility (such an arrangement, an “Advance Facility”) with any Person which provides that such
Person (an “Advancing Person”) may fund Delinquency Advances and/or Servicing Advances under this Agreement, although no such facility shall reduce or otherwise affect the Servicer’s obligation to fund such Delinquency Advances and/or
Servicing Advances. 
 2. Effect of Amendment. This Amendment to the Agreement shall be effective and the Agreement shall be deemed to
be modified and amended in accordance herewith upon the occurrence of the receipt by the Indenture Trustee of an Opinion of Counsel that this Amendment does not adversely affect in any material respect the interests of any Noteholder or the Swap
Provider and will not prevent the Notes from being characterized as debt for United States federal income tax purposes or cause the 

 
Trust to be subject to federal income tax. This Amendment, once effective, shall be effective as of the date first set forth above. The Indenture Trustee
shall give prompt written notice to the Rating Agencies of this Amendment pursuant to Section 10.03(a) of the Agreement. The respective rights, limitations, obligations, duties, liabilities and immunities of the Sponsor, the Servicer, the
Trust, the Indenture Trustee, each of the Noteholders and the Certificateholder shall hereafter be determined, exercised and enforced subject in all respects to such modifications and amendments, and all the terms and conditions of this Amendment
shall be and be deemed to be part of the terms and conditions of the Agreement for any and all purposes. The Agreement, as amended hereby, is hereby ratified and confirmed in all respects. 
 4. The Agreement in Full Force and Effect as Amended. Except as specifically amended hereby, all the terms and conditions of the Agreement shall
remain in full force and effect and, except as expressly provided herein, the effectiveness of this Amendment shall not operate as, or constitute a waiver or modification of, any right, power or remedy of any party to the Agreement. All references
to the Agreement in any other document or instrument shall be deemed to mean the Agreement as amended by this Amendment. 
 5.
Counterparts. This Amendment may be executed by the Parties in several counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. This Amendment shall become
effective when counterparts hereof executed on behalf of such Party shall have been received. 
 6. Governing Law. This Amendment
shall be construed in accordance with and governed by the laws of the State of New York applicable to agreements made and to be performed therein. 
 7. Limitation of Owner Trustee Liability. It is expressly understood and agreed by the parties that (a) this document is executed and delivered by U.S. Bank Trust National Association, not individually or personally, but solely
as Owner Trustee, in the exercise of the powers and authority conferred and vested in it, pursuant to the Trust Agreement, (b) 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 U.S. Bank Trust National Association but is made and intended for the purpose of binding only the Trust, (c) nothing herein contained shall be construed as creating any liability
on U.S. Bank Trust National Association, individually or personally, to perform any covenant either expressed or implied 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 (d) under no circumstances shall U.S. Bank Trust National Association 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 Amendment or any other related documents. 
  

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 8. Authorization. The Seller hereby authorizes and directs U.S. Bank Trust National Association as
Owner Trustee to execute and deliver this Amendment. 
  

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 IN WITNESS WHEREOF, the Sponsor, the Trust, the Servicer and the Indenture Trustee, have caused this
Amendment to be duly executed by their officers thereunto duly authorized, all as of the day and year first above written. 
  

					
	 ACCREDITED HOME LENDERS, INC.,
 as Sponsor and Servicer

		
	 By:
	 	/s/ Charles O. Ryan
		 	 Name:
	 	 Charles O. Ryan

		 	 Title:
	 	 Securitization Coordinator

	
	 ACCREDITED MORTGAGE LOAN TRUST
 2004-4,
  
 by: U.S. BANK TRUST NATIONAL ASSOCIATION,
 not in its individual capacity, but solely as Owner Trustee under the Trust Agreement

		
	 By:
	 	/s/ Patricia M. Child
		 	 Name:
	 	 Patricia M. Child

		 	 Title:
	 	 Vice President

	
	 DEUTSCHE BANK NATIONAL TRUST COMPANY,
 as Indenture Trustee

		
	 By:
	 	/s/ Karlene Benvenuto
		 	 Name:
	 	 Karlene Benvenuto

		 	 Title:
	 	 Authorized Signer

		
	 By:
	 	/s/ Melissa Wilman
		 	 Name:
	 	 Melissa Wilman

		 	 Title:
	 	 Vice President

	
	 ACCREDITED MORTGAGE LOAN REIT TRUST,
 as Seller

		
	 By:
	 	/s/ Melissa Dant
		 	 Name:
	 	 Melissa Dant

		 	 Title:
	 	Associate General Counsel - Finance, Ass’t Vice President, and Ass’t Secretary

 [Signature Page for Amendment No. 1 to the Sale and Servicing Agreement]Summary of Director Compensation of Tempur-Pedic International Inc

 EXHIBIT 10.1 
 Tempur-Pedic International Inc. 
 Board of Director Compensation 
 October 23, 2006 
 Compensation
for Non-Employee Members 
  

	1.	Board of Director Compensation: $40,000 yearly cash payment and an option award for 12,000 shares of common stock of Tempur-Pedic International Inc. (“Common
Stock”). 

  

	2.	Audit Committee Members: $12,800 yearly cash payment and an option award for 3,850 shares of Common Stock. 

  

	3.	Compensation Committee Members: $4,000 yearly cash payment and an option award for 1,200 shares of Common Stock. 

  

	4.	Nominating and Corporate Governance Committee Members: $4,000 yearly cash payment and an option award for 1,200 shares of Common Stock. 

  

	5.	Audit Committee Chair: $16,000 yearly cash payment and an option award for 5,000 shares of Common Stock. (This component is in addition to the compensation as an Audit
Committee member described above.) 

  

	6.	Compensation Committee Chair: $5,000 yearly cash payment and option award for 1,500 shares of Common Stock. (This component is in addition to the compensation as a
Compensation Committee member described above.) 

  

	7.	Nominating and Corporate Governance Committee Chair: $5,000 yearly cash payment and an option award for 1,500 shares of Common Stock. (This component is in addition to the
compensation as a Nominating and Corporate Governance Committee member described above.) 

 Cash payments for Messrs. Barber, Hoffman, Masto,
McLane and Trussell will be paid in three equal installments on November 1, 2006, February 1, 2007 and May 1, 2007. Annual Board fees for Mr. Doyle, Ms. Nancy Koehn and Sir Paul Judge will be paid on the same dates, but
will be reduced to reflect amounts paid for Board fees for the period from April 28, 2006 - October 20, 2006. 
 All option awards have an exercise
price of $19.03, which represents the closing price of the Common Stock on October 23, 2006, the date on which the option awards were granted. Fifty percent of the option awards granted to the non-employee directors (except for
Mr. Hoffman) vested on the grant date and the remainder will vest in two equal increments at the end of January 2007 and April 2007. As a newly elected director, Mr. Hoffman’s options will vest in equal quarterly increments over the
next year, so that his options will be fully vested on October 23, 2007. Vesting of each option award is subject to the applicable grant recipient being a member of the Board or applicable Committee as of the applicable vesting date.

 Composition of the Board of Directors and Committees 
 The Board of Directors 
 The non-employee members of the Board
of Directors are Jeffrey S. Barber, Francis A. Doyle, Peter K. Hoffman, Sir Paul R. Judge, Nancy F. Koehn, Christopher A. Masto, P. Andrews McLane and Robert B. Trussell, Jr. H. Thomas Bryant, President and Chief Executive Officer of Tempur-Pedic
International Inc., is also a member of the Board of Directors. 
 The Audit Committee 
 The members of the Audit Committee are Francis A. Doyle (Chair), Peter K. Hoffman, Sir Paul Judge and Nancy F. Koehn. 
 The Compensation Committee 
 The members of the Compensation
Committee are Jeffrey S. Barber (Chair), Francis A. Doyle and Sir Paul Judge. 
 The Nominating and Corporate Governance Committee 

The members of the Nominating and Corporate Governance Committee are P. Andrews McLane (Chair), Nancy F. Koehn and Christopher A. Masto.

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