Document:

Mortgage Loan Purchase Agreement

 Exhibit 10.1 
  
 MORTGAGE LOAN PURCHASE AGREEMENT 
  
 THIS MORTGAGE LOAN PURCHASE AGREEMENT dated as of August 29, 2003, by and between FIRST HORIZON HOME LOAN CORPORATION, a
Kansas corporation (the “Seller”), and FIRST HORIZON ASSET SECURITIES INC. (the “Purchaser”). 
  
 WHEREAS, the Seller owns certain Mortgage Loans (as hereinafter defined) which Mortgage Loans are more particularly listed and described in Schedule
A attached hereto and made a part hereof. 
  
 WHEREAS, the
Seller and the Purchaser wish to set forth the terms pursuant to which the Mortgage Loans, excluding the servicing rights thereto, are to be sold by the Seller to the Purchaser. 
  
 WHEREAS, the Seller will simultaneously transfer the servicing rights for the Mortgage Loans to First Tennessee Mortgage
Services, Inc. (“FTMSI”) pursuant to the Servicing Rights Transfer and Subservicing Agreement (as hereinafter defined). 
  
 WHEREAS, the Purchaser will engage FTMSI to service the Mortgage Loans pursuant to the Servicing Agreement (as hereinafter defined). 
  
 NOW, THEREFORE, in consideration of the foregoing, other good and valuable
consideration, and the mutual terms and covenants contained herein, the parties hereto agree as follows: 
  
 ARTICLE I 
 Definitions 
  
 Agreement: This Mortgage Loan Purchase Agreement, as the same may be
amended, supplemented or otherwise modified from time to time in accordance with the terms hereof. 
  
 Business Day: Any day other than (i) a Saturday or a Sunday, or (ii) a day on which banking institutions in the City of Dallas, or the State of
Texas or New York City is located are authorized or obligated by law or executive order to be closed. 
  
 Closing Date: August 29, 2003. 
  
 Code: The Internal Revenue Code of 1986, including any successor or amendatory provisions. 
  
 Cooperative Corporation: The entity that holds title (fee or an
acceptable leasehold estate) to the real property and improvements constituting the Cooperative Property and which governs the Cooperative Property, which Cooperative Corporation must qualify as a Cooperative Housing Corporation under Section 216 of
the Code. 
  
 Coop Shares: Shares issued by a Cooperative
Corporation. 
  
 Cooperative Loan: Any Mortgage Loan
secured by Coop Shares and a Proprietary Lease. 

 Cooperative Property: The real property and improvements owned by the Cooperative Corporation,
including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation. 
  
 Cooperative Unit: A single family dwelling located in a Cooperative Property. 
  
 Custodian: LaSalle Bank National Association, a national banking association, and its successors and assigns, as
custodian under the Custodial Agreement dated as of August 29, 2003 by and among The Bank of New York, as trustee, First Horizon Home Loan Corporation, as master servicer, and the Custodian. 
  
 Cut-Off Date: August 1, 2003. 
  
 Cut-off Date Principal Balance: As to any Mortgage Loan, the Stated
Principal Balance thereof as of the close of business on the Cut-off Date. 
  
 Debt Service Reduction: With respect to any Mortgage Loan, a reduction by a court of competent jurisdiction in a proceeding under the Bankruptcy Code in the Scheduled Payment for such Mortgage Loan which became
final and non-appealable, except such a reduction resulting from a Deficient Valuation or any reduction that results in a permanent forgiveness of principal. 
  
 Deficient Valuation: With respect to any Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property in an amount
less than the then-outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any Scheduled Payment that results in a permanent forgiveness of principal, which valuation or reduction
results from an order of such court which is final and non-appealable in a proceeding under the United States Bankruptcy Reform Act of 1978, as amended. 
  
 Delay Delivery Mortgage Loans: The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the
Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date. 
  
 Deleted Mortgage Loan: As defined in Section 4.1(c) hereof. 
  
 Determination Date: The earlier of (i) the third Business Day after
the 15th day of each month, and (ii) the second Business Day prior to the 25th day of each month, or if such
25th day is not a Business Day, the next succeeding Business Day. 
  
 GAAP: Generally applied accounting principals as in effect from time
to time in the United States of America. 
  
 Insurance
Proceeds: Proceeds paid by an insurer pursuant to any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies, in each case other than any amount included in such Insurance Proceeds
in respect of expenses covered by such insurance policy. 
  

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 Liquidation Proceeds: Amounts, including Insurance Proceeds, received in connection with the
partial or complete liquidation of defaulted Mortgage Loans, whether through trustee’s sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property. 
  
 Mortgage: The mortgage, deed of trust or other instrument creating a
first lien on the property securing a Mortgage Note. 
  
 Mortgage File: The mortgage documents listed in Section 3.1 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement. 
  
 Mortgage Loans: The mortgage loans transferred, sold and conveyed by
the Seller to the Purchaser, pursuant to this Agreement. 
  
 Mortgage Loan Purchase Price: With respect to any Mortgage Loan required to be purchased by the Seller pursuant to Section 4.1(c) hereof, an amount equal to the sum of (i) 100% of the unpaid principal balance of the Mortgage Loan on
the date of such purchase, and (ii) accrued interest thereon at the applicable Mortgage Rate from the date through which interest was last paid by the Mortgagor to the first day in the month in which the Mortgage Loan Purchase Price is to be
distributed to the Purchaser or its designees. 
  
 Mortgage
Note: The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan. 
  
 Mortgaged Property: The underlying property securing a Mortgage Loan, which, with respect to a Cooperative Loan, is the related Coop Shares and
Proprietary Lease. 
  
 Mortgagor: The obligor(s) on a
Mortgage Note. 
  
 Principal Prepayment: Any payment of
principal by a Mortgagor on a Mortgage Loan that is received in advance of its scheduled Due Date and is not accompanied by an amount representing scheduled interest due on any date or dates in any month or months subsequent to the month of
prepayment. 
  
 Proprietary Lease: With respect to any
Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Coop Shares. 
  
 Purchase Price: $558,614,591.37 
  
 Purchaser: First Horizon Asset Securities Inc., a Delaware corporation, in its capacity as purchaser of the Mortgage Loans from the Seller pursuant
to this Agreement. 
  
 Recognition Agreement: With respect
to any Cooperative Loan, an agreement between the Cooperative Corporation and the originator of such Mortgage Loan which establishes the rights of such originator in the Cooperative Property. 
  

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 Scheduled Payment: The scheduled monthly payment on a Mortgage Loan due on the first day of the
month allocable to principal and/or interest on such Mortgage Loan which, unless otherwise specified herein, shall give effect to any related Debt Service Reduction and any Deficient Valuation that affects the amount of the monthly payment due on
such Mortgage Loan. 
  
 Security Agreement: The security
agreement with respect to a Cooperative Loan. 
  
 Seller:
First Horizon Home Loan Corporation, a Kansas corporation, and its successors and assigns, in its capacity as seller of the Mortgage Loans. 
  
 Servicing Agreement: The servicing agreement, dated as of November 26, 2002 by and between First Horizon Asset Securities, Inc. and its assigns, as
owner, and First Tennessee Mortgage Services, Inc., as servicer. 
  
 Servicing Rights Transfer and Subservicing Agreement: The servicing rights transfer and subservicing agreement, dated as of November 26, 2002 by and between First Horizon Home Loan Corporation, as transferor and subservicer, and
First Tennessee Mortgage Services, Inc., as transferee and servicer. 
  
 Stated Principal Balance: As to any Mortgage Loan, the unpaid principal balance of such Mortgage Loan as specified in the amortization schedule at the time relating thereto (before any adjustment to such amortization schedule by
reason of any moratorium or similar waiver or grace period) after giving effect to any previous partial Principal Prepayments and Liquidation Proceeds allocable to principal (other than with respect to any Liquidated Mortgage Loan) and to the
payment of principal due on such date and irrespective of any delinquency in payment by the related Mortgagor. 
  
 Substitute Mortgage Loan: A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, (i)
have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than the Stated Principal Balance of the Deleted Mortgage Loan; (ii)
have Mortgage Rate not lower than the Mortgage Rate of the Deleted Mortgage Loan; (iii) have a maximum mortgage rate not more than 1% per annum higher or lower than the maximum mortgage rate of the Deleted Mortgage Loan; (iv) have a minimum mortgage
rate specified in its related Mortgage Note not more than 1% per annum higher or lower than the minimum mortgage rate of the Deleted Mortgage Loan; (v) have the same mortgage index, reset period and periodic rate as the Deleted Mortgage Loan and a
gross margin not more than 1% per annum higher or lower than that of the Deleted Mortgage Loan (vi) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iv) have a loan-to-value
ratio no higher than that of the Deleted Mortgage Loan; (vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (viii) not be a Cooperative Loan unless the Deleted Mortgage
Loan was a Cooperative Loan and (ix) comply with each representation and warranty set forth in Schedule B hereto. 
  
 Trustee: The Bank of New York and its successors and, if a successor trustee is appointed hereunder, such successor. 
  

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 ARTICLE II 
 Purchase and Sale 
  
 Section 2.1 Purchase Price. In consideration for the payment to it of the Purchase Price on the Closing Date, pursuant to written instructions delivered by the Seller to the Purchaser on the Closing Date, the Seller does hereby
transfer, sell and convey to the Purchaser on the Closing Date, but with effect from the Cut-off Date, (i) all right, title and interest of the Seller in the Mortgage Loans, excluding the servicing rights thereto, and all property securing such
Mortgage Loans, including all interest and principal received or receivable by the Seller with respect to the Mortgage Loans after the Cut-off Date and all interest and principal payments on the Mortgage Loans received on or prior to the Cut-off
Date in respect of installments of interest and principal due thereafter, but not including payments of principal and interest due and payable on the Mortgage Loans on or before the Cut-off Date, and (ii) all proceeds from the foregoing. Items (i)
and (ii) in the preceding sentence are herein referred to collectively as “Mortgage Assets.” 
  
 Section 2.2 Timing. The sale of the Mortgage Assets hereunder shall take place on the Closing Date. 
  
 ARTICLE III 
 Conveyance and Delivery 
  
 Section 3.1 Delivery of Mortgage Files. In connection with the transfer and assignment set forth in Section 2.1 above, the Seller has delivered or caused to be delivered to the Trustee or to the Custodian on
its behalf (or, in the case of the Delay Delivery Mortgage Loans, will deliver or cause to be delivered to the Trustee or to the Custodian on its behalf within thirty (30) days following the Closing Date) the following documents or instruments with
respect to each Mortgage Loan so assigned (collectively, the “Mortgage Files”): 
  

	 	(a)              	 	(1) the original Mortgage Note endorsed by manual or facsimile signature in blank in the following form: “Pay 

 to the order of                     , without
recourse,” with all intervening endorsements showing a complete chain of endorsement from the originator to the Person endorsing the Mortgage Note (each such endorsement being sufficient to transfer all right, title and interest of the party so
endorsing, as noteholder or assignee thereof, in and to that Mortgage Note); or 
  
 (2) with respect to any Lost Mortgage Note, a lost note affidavit from the Seller stating that the original Mortgage Note was lost or
destroyed, together with a copy of such Mortgage Note; 
  

	 	(b)	 	except as provided below, the original recorded Mortgage or a copy of such Mortgage certified by the Seller as being a true and complete copy of the Mortgage;

  

	 	(c)	 	 a duly executed assignment of the Mortgage in blank (which may be included in a blanket assignment or assignments), together with, except as provided below, all

  

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interim recorded assignments of such mortgage (each such assignment, when duly and validly completed, to be in recordable form and sufficient to effect the
assignment of and transfer to the assignee thereof, under the Mortgage to which the assignment relates); provided that, if the related Mortgage has not been returned from the applicable public recording office, such assignment of the Mortgage may
exclude the information to be provided by the recording office; 

  

	 	(d)	 	the original or copies of each assumption, modification, written assurance or substitution agreement, if any; 

  

	 	(e)	 	either the original or duplicate original title policy (including all riders thereto) with respect to the related Mortgaged Property, if available, provided that the title policy
(including all riders thereto) will be delivered as soon as it becomes available, and if the title policy is not available, and to the extent required pursuant to the second paragraph below or otherwise in connection with the rating of the
Certificates, a written commitment or interim binder or preliminary report of the title issued by the title insurance or escrow company with respect to the Mortgaged Property, and 

  

	 	(f)	 	in the case of a Cooperative Loan, the originals of the following documents or instruments: 

  
 (1) The Coop Shares, together with a stock power in blank; 
  
 (2) The executed Security Agreement; 
  
 (3) The executed Proprietary Lease; 
  
 (4) The executed Recognition Agreement; 
  
 (5) The executed UCC-1 financing statement with evidence of
recording thereon which have been filed in all places required to perfect the Seller’s interest in the Coop Shares and the Proprietary Lease; and 
  
 (6) Executed UCC-3 financing statements or other appropriate UCC financing statements required by state law, evidencing a complete and
unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation). 
  
 In the event that in connection with any Mortgage Loan the Seller cannot deliver (i) the original recorded Mortgage or (ii) all interim recorded
assignments satisfying the requirements of clause (b) or (c) above, respectively, concurrently with the execution and delivery hereof because such document or documents have not been returned from the applicable public recording office, the Seller
shall promptly deliver or cause to be delivered to the Trustee or the Custodian on its behalf such original Mortgage or such interim assignment, as the case may be, with evidence of recording indicated thereon upon receipt thereof from the public
recording office, or a copy thereof, certified, 

  

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if appropriate, by the relevant recording office, but in no event shall any such delivery of the original Mortgage and each such interim assignment or a copy
thereof, certified, if appropriate, by the relevant recording office, be made later than one year following the Closing Date; provided, however, in the event the Seller is unable to deliver or cause to be delivered by such date each Mortgage and
each such interim assignment by reason of the fact that any such documents have not been returned by the appropriate recording office, or, in the case of each such interim assignment, because the related Mortgage has not been returned by the
appropriate recording office, the Seller shall deliver or cause to be delivered such documents to the Trustee or the Custodian on its behalf as promptly as possible upon receipt thereof and, in any event, within 720 days following the Closing Date.
The Seller shall forward or cause to be forwarded to the Trustee or the Custodian on its behalf (i) from time to time additional original documents evidencing an assumption or modification of a Mortgage Loan and (ii) any other documents required to
be delivered by the Seller to the Trustee. In the event that the original Mortgage is not delivered and in connection with the payment in full of the related Mortgage Loan and the public recording office requires the presentation of a “lost
instruments affidavit and indemnity” or any equivalent document, because only a copy of the Mortgage can be delivered with the instrument of satisfaction or reconveyance, the Seller shall execute and deliver or cause to be executed and
delivered such a document to the public recording office. In the case where a public recording office retains the original recorded Mortgage or in the case where a Mortgage is lost after recordation in a public recording office, the Seller shall
deliver or cause to be delivered to the Trustee or the Custodian on its behalf a copy of such Mortgage certified by such public recording office to be a true and complete copy of the original recorded Mortgage. 
  
 In addition, in the event that in connection with any Mortgage Loan the
Seller cannot deliver or cause to be delivered the original or duplicate original lender’s title policy (together with all riders thereto), satisfying the requirements of clause (v) above, concurrently with the execution and delivery hereof
because the related Mortgage has not been returned from the applicable public recording office, the Seller shall promptly deliver or cause to be delivered to the Trustee or the Custodian on its behalf such original or duplicate original
lender’s title policy (together with all riders thereto) upon receipt thereof from the applicable title insurer, but in no event shall any such delivery of the original or duplicate original lender’s title policy be made later than one
year following the Closing Date; provided, however, in the event the Seller is unable to deliver or cause to be delivered by such date the original or duplicate original lender’s title policy (together with all riders thereto) because the
related Mortgage has not been returned by the appropriate recording office, the Seller shall deliver or cause to be delivered such documents to the Trustee or the Custodian on its behalf as promptly as possible upon receipt thereof and, in any
event, within 720 days following the Closing Date. 
  
 Notwithstanding anything to the contrary in this Agreement, within thirty days after the Closing Date, the Seller shall either (i) deliver or cause to be delivered to the Trustee or the Custodian on its behalf the Mortgage File as required
pursuant to this Section 3.1 for each Delay Delivery Mortgage Loan or (ii) (A) substitute or cause to be substituted a Substitute Mortgage Loan for the Delay Delivery Mortgage Loan or (B) repurchase or cause to be repurchased the Delay Delivery
Mortgage Loan, which substitution or repurchase shall be accomplished in the manner and subject to the conditions set forth in Section 4.1 (treating each Delay Delivery Mortgage Loan as a Deleted Mortgage Loan for purposes of such Section 4.1),
provided, however, that if the Seller fails to deliver a Mortgage File for any Delay Delivery Mortgage Loan within the thirty-day period provided in the prior sentence, the Seller shall use its best reasonable efforts to effect or cause to be
effected a substitution, rather than a repurchase of, such Deleted 
  

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Mortgage Loan and provided further that the cure period provided for in Section 4.1 hereof shall not apply to the initial delivery of the Mortgage File for
such Delay Delivery Mortgage Loan, but rather the Seller shall have five (5) Business Days to cure or cause to be cured such failure to deliver. 
  
 ARTICLE IV 
 Representations and
Warranties 
  
 Section 4.1 Representations and
Warranties of the Seller. (a) The Seller hereby represents and warrants to the Purchaser, as of the date of execution and delivery hereof, that: 
  
 (1) The Seller is duly organized as a Kansas corporation and is validly existing and in good standing under the laws of the State of
Kansas and is duly authorized and qualified to transact any and all business contemplated by this Agreement to be conducted by the Seller in any state in which a Mortgaged Property is located or is otherwise not required under applicable law to
effect such qualification and, in any event, is in compliance with the doing business laws of any such state, to the extent necessary to ensure its ability to enforce each Mortgage Loan and to perform any of its other obligations under this
Agreement in accordance with the terms thereof. 
  
 (2) The Seller has the full corporate power and authority to sell each Mortgage Loan, and to execute, deliver and perform, and to enter into and consummate the transactions contemplated by this Agreement and has duly authorized by all
necessary corporate action on the part of the Seller the execution, delivery and performance of this Agreement; and this Agreement, assuming the due authorization, execution and delivery thereof by the other parties thereto, constitutes a legal,
valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except that (a) the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws relating to
creditors’ rights generally and (b) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefor may be
brought. 
  
 (3) The execution and delivery of
this Agreement by the Seller, the sale of the Mortgage Loans by the Seller under this Agreement, the consummation of any other of the transactions contemplated by this Agreement, and the fulfillment of or compliance with the terms thereof are in the
ordinary course of business of the Seller and will not (a) result in a material breach of any term or provision of the charter or by-laws of the Seller or (b) materially conflict with, result in a material breach, violation or acceleration of, or
result in a material default under, the terms of any other material agreement or instrument to which the Seller is a party or by which it may be bound, or (c) constitute a material violation of any statute, order or regulation applicable to the
Seller of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Seller; and the Seller is not in breach or violation of any 
  

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material indenture or other material agreement or instrument, or in violation of any statute, order or regulation of any court, regulatory body,
administrative agency or governmental body having jurisdiction over it which breach or violation may materially impair the Seller’s ability to perform or meet any of its obligations under this Agreement. 
  
 (4) No litigation is pending or, to the best of the
Seller’s knowledge, threatened against the Seller that would prohibit the execution or delivery of, or performance under, this Agreement by the Seller. 
  

	(b)	 	The Seller hereby makes the representations and warranties set forth in Schedule B hereto to the Purchaser, as of the Closing Date, or if so specified therein, as of the
Cut-off Date. 

  

	(c)	 	Upon discovery by either of the parties hereto of a breach of a representation or warranty made pursuant to Schedule B hereto that materially and adversely affects the
interests of the Purchaser in any Mortgage Loan, the party discovering such breach shall give prompt notice thereof to the other party. The Seller hereby covenants that within 90 days of the earlier of its discovery or its receipt of written notice
from the Purchaser of a breach of any representation or warranty made pursuant to Schedule B hereto which materially and adversely affects the interests of the Purchaser in any Mortgage Loan, it shall cure such breach in all material
respects, and if such breach is not so cured, shall, (i) if such 90-day period expires prior to the second anniversary of the Closing Date, remove such Mortgage Loan (a “Deleted Mortgage Loan”) from the pool of mortgages listed on
Schedule B hereto and substitute in its place a Substitute Mortgage Loan, in the manner and subject to the conditions set forth in this Section; or (ii) repurchase the affected Mortgage Loan or Mortgage Loans from the Purchaser at the
Mortgage Loan Purchase Price in the manner set forth below. With respect to the representations and warranties described in this Section which are made to the best of the Seller’s knowledge, if it is discovered by either the Seller or the
Purchaser that the substance of such representation and warranty is inaccurate and such inaccuracy materially and adversely affects the value of the related Mortgage Loan or the interests of the Purchaser therein, notwithstanding the Seller’s
lack of knowledge with respect to the substance of such representation or warranty, such inaccuracy shall be deemed a breach of the applicable representation or warranty. 

  
 With respect to any Substitute Mortgage Loan or Loans, the Seller shall deliver to the Trustee or to the Custodian on its
behalf the Mortgage Note, the Mortgage, the related assignment of the Mortgage, and such other documents and agreements as are required by Section 3.1, with the Mortgage Note endorsed and the Mortgage assigned as required by Section 3.1. No
substitution is permitted to be made in any calendar month after the Determination Date for such month. Scheduled Payments due with respect to Substitute Mortgage Loans in the month of substitution will be retained by the Seller. Upon such
substitution, the Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement in all respects, and the Seller shall be deemed to have made with respect to such Substitute Mortgage Loan or Loans, as of the date of substitution,
the 
  

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representations and warranties made pursuant to Schedule B hereto with respect to such Mortgage Loan. 
  
 It is understood and agreed that the obligation under this
Agreement of the Seller to cure, repurchase or replace any Mortgage Loan as to which a breach has occurred and is continuing shall constitute the sole remedy against the Seller respecting such breach available to the Purchaser on its behalf.

  
 The representations and warranties contained in this Agreement
shall not be construed as a warranty or guaranty by the Seller as to the future payments by any Mortgagor. 
  
 It is understood and agreed that the representations and warranties set forth in this Section 4.1 shall survive the sale of the Mortgage Loans to the
Purchaser hereunder. 
  
 ARTICLE V 
 Miscellaneous 
  
 Section 5.1 Transfer Intended as Sale. It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Seller to
the Purchaser be, and be construed as, an absolute sale thereof in accordance with GAAP and for regulatory purposes. It is, further, not the intention of the parties that such conveyances be deemed a pledge thereof by the Seller to the Purchaser.
However, in the event that, notwithstanding the intent of the parties, the Mortgage Loans are held to be the property of the Seller or the Purchaser, respectively, or if for any other reason this Agreement is held or deemed to create a security
interest in such assets, then (i) this Agreement shall be deemed to be a security agreement within the meaning of the Uniform Commercial Code of the State of Texas and (ii) the conveyance of the Mortgage Loans provided for in this Agreement shall be
deemed to be an assignment and a grant by the Seller to the Purchaser of a security interest in all of the Mortgage Loans, whether now owned or hereafter acquired. 
  
 The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to
ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such
throughout the term of the Agreement. The Seller and the Purchaser shall arrange for filing any Uniform Commercial Code continuation statements in connection with any security interest granted hereby. 
  
 Section 5.2 Seller’s Consent to Assignment. The Seller hereby
acknowledges the Purchaser’s right to assign, transfer and convey all of the Purchaser’s rights under this Agreement to a third party and that the representations and warranties made by the Seller to the Purchaser pursuant to this
Agreement will, in the case of such assignment, transfer and conveyance, be for the benefit of such third party. The Seller hereby consents to such assignment, transfer and conveyance. 
  
 Section 5.3 Specific Performance. Either party or its assignees may enforce specific performance of this Agreement.

  

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 Section 5.4 Notices. All notices, demands and requests that may be given or that are required to
be given hereunder shall be sent by United States certified mail, postage prepaid, return receipt requested, to the parties at their respective addresses as follows: 
  

	 If to
	 	 
	 the Purchaser:
	 	 4000 Horizon Way

	 	 	 Irving, Texas 75063

	 	 	 Attn: Larry P. Cole

  

	 If to the Seller:
	 	 4000 Horizon Way

	 	 	 Irving, Texas 75063

	 	 	 Attn: Larry P. Cole

  
 Section 5.5 Choice
of Law. This Agreement shall be construed in accordance with and governed by the substantive laws of the State of Texas applicable to agreements made and to be performed in the State of Texas and the obligations, rights and remedies of the
parties hereto shall be determined in accordance with such laws. 
  
 [remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the Purchaser and the Seller have caused their names to be signed hereto by their
respective officers thereunto duly authorized as of the 29th day of August, 2003. 
  

	 FIRST HORIZON HOME LOAN CORPORATION,
 as Seller

		
	 By:
	 	  

	 	 	 Wade Walker

	 	 	 Senior Vice President – Asset Securitization

  

	 FIRST HORIZON ASSET SECURITIES INC.,
 as Purchaser

		
	 By:
	 	  

	 	 	 Wade Walker

	 	 	 Senior Vice President – Asset Securitization

  
 Mortgage Loan Purchase
Agreement – Signature Page, 2003-8 

 SCHEDULE A 
  
 [BEGINS ON NEXT PAGE] 
  
 [Available Upon Request From Trustee] 

 SCHEDULE B 
  
 Representations and Warranties as to the Mortgage Loans 
  
 First Horizon Home Loan Corporation (the “Seller”) hereby makes the representations and warranties set forth in
this Schedule B on which First Horizon Asset Securities Inc. (the “Purchaser”) relies in accepting the Mortgage Loans. Such representations and warranties speak as of the execution and delivery of the Mortgage Loan Purchase
Agreement dated as of August 29, 2003 (the “MLPA”), between First Horizon Home Loan Corporation, as seller, and the Purchaser and as of the Closing Date, or if so specified herein, as of the Cut-off Date or date of origination of the
Mortgage Loans, but shall survive the sale, transfer and assignment of the Mortgage Loans to the Purchaser and any subsequent sale, transfer and assignment by the Purchaser to a third party. Capitalized terms used but not otherwise defined in this
Schedule B shall have the meanings ascribed thereto in the MLPA. 
  

	 	(1)	 	The information set forth on Schedule A to the MLPA, with respect to each Mortgage Loan is true and correct in all material respects as of the Closing Date.

  

	 	(2)	 	Each Mortgage is a valid and enforceable first lien on the Mortgaged Property subject only to (a) the lien of nondelinquent current real property taxes and assessments and liens or
interests arising under or as a result of any federal, state or local law, regulation or ordinance relating to hazardous wastes or hazardous substances and, if the related Mortgaged Property is a unit in a condominium project or Planned Unit
Development, any lien for common charges permitted by statute or homeowner association fees, (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage, such
exceptions appearing of record being generally acceptable to mortgage lending institutions in the area wherein the related Mortgaged Property is located or specifically reflected in the appraisal made in connection with the origination of the
related Mortgage Loan, and (c) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by such Mortgage. 

  

	 	(3)	 	Immediately prior to the assignment of the Mortgage Loans to the Purchaser, the Seller had good title to, and was the sole owner of, each Mortgage Loan free and clear of any pledge,
lien, encumbrance or security interest and had full right and authority, subject to no interest or participation of, or agreement with, any other party, to sell and assign the same pursuant to this Agreement. 

  

	 	(4)	 	As of the date of origination of each Mortgage Loan, there was no delinquent tax or assessment lien against the related Mortgaged Property. 

  

	 	(5)	 	There is no valid offset, defense or counterclaim to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal of or interest on such
Mortgage Note. 

  

 B-1 

	 	(6)	 	There are no mechanics’ liens or claims for work, labor or material affecting any Mortgaged Property which are or may be a lien prior to, or equal with, the lien of such
Mortgage, except those which are insured against by the title insurance policy referred to in item (11) below. 

  

	 	(7)	 	To the best of the Seller’s knowledge, no Mortgaged Property has been materially damaged by water, fire, earthquake, windstorm, flood, tornado or similar casualty (excluding
casualty from the presence of hazardous wastes or hazardous substances, as to which the Seller makes no representation) so as to affect adversely the value of the related Mortgaged Property as security for such Mortgage Loan.

  

	 	(8)	 	Each Mortgage Loan at origination complied in all material respects with applicable local, state and federal laws, including, without limitation, usury, equal credit opportunity,
real estate settlement procedures, truth-in-lending and disclosure laws and specifically applicable predatory and abusive lending laws, or any noncompliance does not have a material adverse effect on the value of the related Mortgage Loan.

  

	 	(9)	 	No Mortgage Loan is a “high cost loan” as defined by the specific applicable predatory and abusive lending laws. 

  

	 	(10)	 	Except as reflected in a written document contained in the related Mortgage File, the Seller has not modified the Mortgage in any material respect; satisfied, cancelled or
subordinated such Mortgage in whole or in part; released the related Mortgaged Property in whole or in part from the lien of such Mortgage; or executed any instrument of release, cancellation, modification or satisfaction with respect thereto.

  

	 	(11)	 	A lender’s policy of title insurance together with a condominium endorsement and extended coverage endorsement, if applicable, in an amount at least equal to the Cut-off Date
Principal Balance of each such Mortgage Loan or a commitment (binder) to issue the same was effective on the date of the origination of each Mortgage Loan, each such policy is valid and remains in full force and effect. 

  

	 	(12)	 	To the best of the Seller’s knowledge, all of the improvements which were included for the purpose of determining the appraised value of the Mortgaged Property lie wholly
within the boundaries and building restriction lines of such property, and no improvements on adjoining properties encroach upon the Mortgaged Property, unless such failure to be wholly within such boundaries and restriction lines or such
encroachment, as the case may be, does not have a material effect on the value of such Mortgaged Property. 

  

	 	(13)	 	 To the best of the Seller’s knowledge, as of the date of origination of each Mortgage Loan, no improvement located on or being part of the Mortgaged Property
is in violation of any applicable zoning law or regulation unless such violation would not have a material adverse effect on the value of the related 

  

 B-2 

	 	 
Mortgaged Property. To the best of the Seller’s knowledge, all inspections, licenses and certificates required to be made or issued with respect to all
occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate
authorities, unless the lack thereof would not have a material adverse effect on the value of such Mortgaged Property. 

  

	 	(14)	 	The Mortgage Note and the related Mortgage are genuine, and each is the legal, valid and binding obligation of the maker thereof, enforceable in accordance with its terms and under
applicable law. 

  

	 	(15)	 	The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder. 

  

	 	(16)	 	The related Mortgage contains customary and enforceable provisions which render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged
Property of the benefits of the security, including, (i) in the case of a Mortgage designated as a deed of trust, by trustee’s sale, and (ii) otherwise by judicial foreclosure. 

  

	 	(17)	 	With respect to each Mortgage constituting a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and
is named in such Mortgage, and no fees or expenses are or will become payable by the holder of the Mortgage to the trustee under the deed of trust, except in connection with a trustee’s sale after default by the Mortgagor.

  

	 	(18)	 	At the Cut-off Date, the improvements upon each Mortgaged Property are covered by a valid and existing hazard insurance policy with a generally acceptable carrier that provides for
fire and extended coverage and coverage for such other hazards as are customarily required by institutional single family mortgage lenders in the area where the Mortgaged Property is located, and the Seller has received no notice that any premiums
due and payable thereon have not been paid; the Mortgage obligates the Mortgagor thereunder to maintain all such insurance including flood insurance at the Mortgagor’s cost and expense. Anything to the contrary in this item (18)
notwithstanding, no breach of this item (18) shall be deemed to give rise to any obligation of the Seller to repurchase or substitute for such affected Mortgage Loan or Loans so long as the Seller maintains a blanket policy.

  

	 	(19)	 	If at the time of origination of each Mortgage Loan, related the Mortgaged Property was in an area then identified in the Federal Register by the Federal Emergency Management Agency
as having special flood hazards, a flood insurance policy in a form meeting the then-current requirements of the Flood Insurance Administration is in effect with respect to such Mortgaged Property with a generally acceptable carrier.

  

 B-3 

	 	(20)	 	To the best of the Seller’s knowledge, there is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property, nor is such a proceeding
currently occurring. 

  

	 	(21)	 	To best of the Seller’s knowledge, there is no material event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a
material non-monetary default, breach, violation or event of acceleration under the Mortgage or the related Mortgage Note; and the Seller has not waived any material non-monetary default, breach, violation or event of acceleration.

  

	 	(22)	 	Any leasehold estate securing a Mortgage Loan has a stated term at least as long as the term of the related Mortgage Loan. 

  

	 	(23)	 	Each Mortgage Loan was selected from among the outstanding fixed-rate one- to four-family mortgage loans in the Seller’s portfolio at the Closing Date as to which the
representations and warranties made with respect to the Mortgage Loans set forth in this Schedule B can be made. No such selection was made in a manner intended to adversely affect the interests of the Certificateholders.

  

	 	(24)	 	The Mortgage Loans provide for the full amortization of the amount financed over a series of monthly payments. 

  

	 	(25)	 	At origination, substantially all of the Mortgage Loans in the Mortgage Pools had stated terms to maturity of 30 years. 

  

	 	(26)	 	Scheduled monthly payments made by the Mortgagors on the Mortgage Loans either earlier or later than their Due Dates will not affect the amortization schedule or the relative
application of the payments to principal and interest. 

  

	 	(27)	 	The Mortgage Loans may be prepaid at any time by the related Mortgagors without penalty. 

  

	 	(28)	 	Substantially all of the Mortgage Loans are jumbo mortgage loans that have Stated Principal Balances at origination that exceed the then applicable limitations for purchase by
Fannie Mae and Freddie Mac. 

  

	 	(29)	 	Each Mortgage Loan in Pool I was originated on or after April 10, 2003. Each Mortgage Loan in Pool II was originated on or after May 21, 2003. 

  

	 	(30)	 	The latest stated maturity date of any Mortgage Loan in Pool I is September 1, 2033, and the earliest stated maturity date of any Mortgage Loan in Pool I is July 1, 2023. The latest
stated maturity date of any mortgage loan in Pool II is September 1, 2018, and the earliest stated maturity date of any mortgage loan in Pool II is August 1, 2013. 

  

	 	(31)	 	No Mortgage Loan was delinquent more than 30 days as of the Cut-off Date. 

  

 B-4 

	 	(32)	 	No Mortgage Loan had a Loan-to-Value Ratio at origination of more than 95%. Generally, each Mortgage Loan with a Loan-to-Value Ratio at origination of greater than 80% is covered by
a Primary Insurance Policy issued by a mortgage insurance company that is acceptable to Fannie Mae or Freddie Mac. 

  

	 	(33)	 	Each Mortgage Loan constitutes a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code. 

  

 B-5Exhibit 4.2

 Exhibit 4.2 
  
 ANSWERTHINK, INC. EMPLOYEE STOCK PURCHASE PLAN 
  
 The Board of Directors of Answerthink, Inc. (the “Company”) has adopted this Employee Stock Purchase Plan (the “Plan”) to enable
eligible employees of the Company and its participating Affiliates (as defined below), through payroll deductions, to purchase shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”). The Plan is for the
benefit of the employees of Answerthink, Inc. and any participating Affiliates. The Plan is intended to benefit the Company by increasing the employees’ interest in the Company’s growth and success and encouraging employees to remain in
the employ of the Company or its participating Affiliates. The Plan was amended May 7, 2003 to increase the number of shares of Common Stock reserved for issuance to 4,750,000 shares. The provisions of the Plan are set forth below: 
  
 1.   SHARES SUBJECT TO THE PLAN. 
  
 Subject to adjustment as provided in Section 26 below, the aggregate number
of shares of Common Stock that may be made available for purchase by participating employees under the Plan is 4,750,000. The shares issuable under the Plan may, in the discretion of the Board of Directors of the Company (the “Board”), be
either authorized but unissued shares or treasury shares. 
  
 2.   ADMINISTRATION. 
  
 The Plan shall be
administered under the direction of the Compensation Committee of the Board (the “Committee”). No member of the Board or the Committee shall be liable for any action or determination made in good faith with respect to the Plan. 

 
 3.   INTERPRETATION. 
  
 It is intended that the Plan will meet the requirements for an “employee
stock purchase plan” under Section 423 of the Internal Revenue Code of 1986 (the “Code”), and it is to be so applied and interpreted. Subject to the express provisions of the Plan, the Committee shall have authority to interpret the
Plan, to prescribe, amend and rescind rules relating to it, and to make all other determinations necessary or advisable in administering the Plan, all of which determinations will be final and binding upon all persons. 
  
 4.   ELIGIBLE EMPLOYEES. 
  
 Any employee of the Company or any of its participating Affiliates may
participate in the Plan, except the following, who are ineligible to participate: (a) an employee who has been employed by the Company or any of its participating Affiliates for less than three months as of the beginning of an Offering Period (as
defined in Section 7 below); (b) an employee whose customary employment is for less than five months in any calendar year; (c) an employee whose customary employment is 20 hours or less per week; and (d) an employee who, after exercising his or her
rights to purchase shares under the Plan, would own shares of Common Stock (including shares that may be acquired under any outstanding options) representing five percent or more of the total combined voting power of all classes of stock of the
Company. The term “participating Affiliate” means any company or other trade or business that is a subsidiary of the Company (determined in accordance with the principles of Sections 424(e) and (f) of the Code and the regulations
thereunder). The Board may at any time in its sole discretion, if it deems it advisable to do so, terminate the participation of the employees of a particular participating Affiliate. 

 5.   PARTICIPATION IN THE PLAN. 
  
 An eligible employee may become a participating employee in the Plan by completing an election to participate in the Plan on
a form provided by the Company and submitting that form to the Payroll Department of the Company. The form will authorize payroll deductions (as provided in Section 6 below) and authorize the purchase of shares of Common Stock for the
employee’s account in accordance with the terms of the Plan. Enrollment will become effective upon the first day of the first Offering Period. 
  
 6.   OFFERINGS. 
  
 At the time an eligible employee submits his or her election to participate in the Plan (as provided in Section 5 above), the employee shall elect to have
deductions made from his or her pay subject to a maximum of fifteen percent (15%) of total compensation, on each pay day following his or her enrollment in the Plan, and for as long as he or she shall participate in the Plan. The deductions will be
credited to the participating employee’s account under the Plan. An employee may not during any Offering Period change his or her percentage of payroll deduction for that Offering Period, nor may an employee withdraw any contributed funds,
other than in accordance with Sections 14 through 20 below. 
  
 7.   OFFERING PERIODS. 
  
 The Offering Periods
shall be determined by the Committee. The first Offering Period under the Plan shall commence on the date determined by the Committee. 
  
 8.   RIGHTS TO PURCHASE COMMON STOCK; PURCHASE PRICE. 
  

Rights to purchase shares of Common Stock will be deemed granted to participating employees as of the first trading day of each Offering Period. The
purchase price of each share of Common Stock (the “Purchase Price”) shall be determined by the Committee; provided, however, the Purchase Price shall not be 
  

  
 less than the
lesser of 85 percent of the fair market value of the Common Stock (i) on the first trading day of the offering Period or (ii) on the last trading day of such offering Period; provided, further, that in no event shall the 
  

  
 Purchase Price be less than the par value of the Common Stock. For purposes of the Plan, “fair market value” means the value of each share of Common Stock
subject to the Plan on a given date determined as follows: if on such date the shares of Common Stock are listed on an established national or regional stock exchange, are admitted to quotation on The Nasdaq Stock Market, or are publicly traded on
an established securities market, the fair market value of the shares of Common Stock shall be the closing price of the shares of Common Stock on such exchange or in such market (the highest such closing price if there is more than one such exchange
or market) on such date or, if such date is not a trading day, on the trading day immediately preceding such date (or if there is no such reported closing price, the fair market value shall be the mean between the highest bid and lowest asked prices
or between the high and low sale prices on such trading day) or, if no sale of the shares of Common Stock is reported for such trading day, on the next preceding day on which any sale shall have been reported. If the shares of Common Stock are not
listed on such an exchange, quoted on such System or traded on such a market, fair market value shall be determined by the Board in good faith. 

 9.   TIMING OF PURCHASE; PURCHASE LIMITATION. 
  
 Unless a participating employee has given prior written notice terminating
such employee’s participation in the Plan, or the employee’s participation in the Plan has otherwise been terminated as provided in Sections 15 through 20 below, such employee will be deemed to have exercised automatically his or her right
to purchase Common Stock on the last trading day of the Offering Period (except as provided in Section 14 below) for the number of shares of Common Stock which the accumulated funds in the employee’s account at that time will purchase at the
Purchase Price, subject to the participation adjustment provided for in Section 13 below and subject to adjustment under Section 26 below. Notwithstanding any other provision of the Plan, no employee may purchase in any one calendar year under the
Plan and all other “employee stock purchase plans” of the Company and its participating Affiliates shares of Common Stock having an aggregate fair market value in excess of $25,000, determined as of the first trading date of the Offering
Period as to shares purchased during such period. Effective upon the last trading day of the Offering Period, a participating employee will become a stockholder with respect to the shares purchased during such period, and will thereupon have all
dividend, voting and other ownership rights incident thereto. Notwithstanding the foregoing, no shares shall be sold pursuant to the Plan unless the Plan is approved by the Company’s stockholders in accordance with Section 25 below.
Notwithstanding anything to the contrary in this Plan, no more than 400,000 shares shall be available for purchase by participating employees (in the aggregate) pursuant to the Plan during any six month Offering Period. 
  
 10.   ISSUANCE OF STOCK CERTIFICATES. 
  
 On the last trading day of the Offering Period, a participating employee will
be credited with the number of shares of Common Stock purchased for his or her account under the Plan during such offering Period. Shares purchased under the Plan will be held in the custody of an agent (the “Agent”) appointed by the Board
of Directors. The Agent may hold the shares purchased under the Plan in stock certificates in nominee names and may commingle shares held in its custody in a single account or stock certificate without identification as to individual participating
employees. A participating employee may, at any time following his or her purchase of shares under the Plan, by written notice instruct the Agent to have all or part of such shares reissued in the participating employee’s own name and have the
stock certificate delivered to the employee. 
  
 11.  
WITHHOLDING OF TAXES. 
  
 To the extent that a participating
employee realizes ordinary income in connection with a sale or other transfer of any shares of Common Stock purchased under the Plan, the Company may withhold amounts needed to cover such taxes from any payments otherwise due and owing to the
participating employee or from shares that would otherwise be issued to the participating employee hereunder. Any participating employee who sells or otherwise transfers shares purchased under the Plan within two years after the beginning of the
Offering Period in which the shares were purchased must within 30 days of such transfer notify the Payroll Department of the Company in writing of such transfer. 
  
 12.   ACCOUNT STATEMENTS. 
  

The Company will cause the Agent to deliver to each participating employee a statement for each Offering Period during which the employee purchases
Common Stock under the Plan, reflecting the amount of payroll deductions during the Offering Period, the number of shares purchased for the employee’s account, the price per share of the shares purchased for the employee’s account and the
number of shares held for the employee’s account at the end of the Offering Period. 

 13.   PARTICIPATION ADJUSTMENT. 
  
 If in any Offering Period the number of unsold shares that may be made available for purchase under the Plan pursuant to
Section 1 above is insufficient to permit exercise of all rights deemed exercised by all participating employees pursuant to Section 9 above, a participation adjustment will be made, and the number of shares purchasable by all participating
employees will be reduced proportionately. Any funds then remaining in a participating employee’s account after such exercise will be refunded to the employee. 
  
 14.   CHANGES IN ELECTIONS TO PURCHASE. 
  
 (a) A participating employee may, at any time prior to the last trading day of the Offering Period, by written notice to the
Company, direct the Company to cease payroll deductions (or, if the payment for shares is being made through periodic cash payments, notify the Company that such payments will be terminated), in accordance with the following alternatives:

  
 (i) The employee’s option to purchase shall be reduced to
the number of shares which may be purchased, as of the last day of the Offering Period, with the amount then credited to the employee’s account; or 
  
 (ii) Withdraw the amount in such employee’s account and terminate such employee’s option to purchase. 
  
 (b) Any participating employee may increase or decrease his or her payroll
deduction or periodic cash payments, to take effect on the first day of the next Offering Period, by delivering to the Company a new form regarding election to participate in the Plan under Section 5 above. 
  
 15.   VOLUNTARY TERMINATION OF EMPLOYMENT OR DISCHARGE. 

 
 In the event a participating employee voluntarily leaves the employ of the
Company or a participating Affiliate, otherwise than by retirement under a plan of the Company or a participating Affiliate, or is discharged for cause prior to the last day of the Offering Period, the amount in the employee’s account will be
distributed and the employee’s option to purchase will terminate. 
  
 16.   RETIREMENT OR SEVERANCE. 
  
 In the event
a participating employee who has an option to purchase shares leaves the employ of the Company or a participating Affiliate because of retirement under a plan of the Company or a participating Affiliate, or because of termination of the
employee’s employment by the Company or a participating Affiliate for any reason except discharge for cause, the participating employee may elect, within 10 days after the date of such retirement or termination, one of the following
alternatives: 
  
 (a) The employee’s option to purchase shall
be reduced to the number of shares which may be purchased, as of the last day of the Offering Period, with the amount then credited to the employee’s account; or 
  
 (b) Withdraw the amount in such employee’s account and terminate such employee’s option to purchase. 

 
 In the event the participating employee does not make an election within
the aforesaid 10-day period, he or she will be deemed to have elected subsection 16(b) above. 

 17.   LAY-OFF, AUTHORIZED LEAVE OR ABSENCE OR DISABILITY. 
  
 Payroll deductions for shares for which a participating employee has an
option to purchase may be suspended during any period of absence of the employee from work due to lay-off, authorized leave of absence or disability or, if the employee so elects, periodic payments for such shares may continue to be made in cash.

  
 If such employee returns to active service prior to the last
day of the offering Period, the employee’s payroll deductions will be resumed and if said employee did not make periodic cash payments during the employee’s period of absence, the employee shall, by written notice to the Company’s
Payroll Department within 10 days after the employee’s return to active service, but not later than the last day of the Offering Period, elect: 
  
 (a) To make up any deficiency in the employee’s account resulting from a suspension of payroll deductions by an immediate cash payment; 

 
 (b) Not to make up such deficiency, in which event the number of shares to
be purchased by the employee shall be reduced to the number of whole shares which may be purchased with the amount, if any, then credited to the employee’s account plus the aggregate amount, if any, of all payroll deductions to be made
thereafter; or 
  
 (c) Withdraw the amount in the employee’s
account and terminate the employee’s option to purchase. 
  
 A participating employee on lay-off, authorized leave of absence or disability on the last day of the Offering Period shall deliver written notice to his or her employer on or before the last day of the offering Period, electing one of the
alternatives provided in the foregoing clauses (a), (b) and (c) of this Section 17. If any employee fails to deliver such written notice within 10 days after the employee’s return to active service or by the last day of the offering Period,
whichever is earlier, the employee shall be deemed to have elected subsection 17(c) above. 
  
 If the period of a participating employee’s lay-off, authorized leave of absence or disability shall terminate on or before the last day of the offering Period, and the employee shall not resume active employment
with the Company or a participating Affiliate, the employee shall receive a distribution in accordance with the provisions of Section 16 of this Plan. 
  
 18.   DEATH. 
  
 In the event of the death of a participating employee while the employee’s option to purchase shares is in effect, the legal representatives of such
employee may, within three months after the employee’s death (but no later than the last day of the Offering Period) by written notice to the Company or participating Affiliate, elect one of the following alternatives: 
  
 (a) The employee’s option to purchase shall be reduced to the number of
shares which may be purchased, as of the last day of the Offering Period, with the amount then credited to the employee’s account; or 
  
 (b) Withdraw the amount in such employee’s account and terminate such employee’s option to purchase. 

 In the event the legal representatives of such employee fail to deliver such written notice to the
Company or participating Affiliate within the prescribed period, the election to purchase shares shall terminate and the amount, then credited to the employee’s account shall be paid to such legal representatives. 
  
 19.   FAILURE TO MAKE PERIODIC CASH PAYMENTS. 
  
 Under any of the circumstances contemplated by this Plan, where the purchase
of shares is to be made through periodic cash payments in lieu of payroll deductions, the failure to make any such payments shall reduce, to the extent of the deficiency in such payments, the number of shares purchasable under this Plan. 

 
 20.   TERMINATION OF PARTICIPATION. 
  
 A participating employee will be refunded all moneys in his or her account,
and his or her participation in the Plan will be terminated if either (a) the Board elects to terminate the Plan as provided in Section 25 below, or (b) the employee ceases to be eligible to participate in the Plan under Section 4 above. As soon as
practicable following termination of an employee’s participation in the Plan, the Company will deliver to the employee a check representing the amount in the employee’s account and a stock certificate representing the number of whole
shares held in the employee’s account. Once terminated, participation may not be reinstated for the then current Offering Period, but, if otherwise eligible, the employee may elect to participate in any subsequent offering Period. 

 
 21.   ASSIGNMENT. 
  
 No participating employee may assign his or her rights to purchase shares of
Common Stock under the Plan, whether voluntarily, by operation of law or otherwise. Any payment of cash or issuance of shares of Common Stock under the Plan may be made only to the participating employee (or, in the event of the employee’s
death, to the employee’s estate). Once a stock certificate has been issued to the employee or for his or her account, such certificate may be assigned the same as any other stock certificate. 
  
 22.   APPLICATION OF FUNDS. 
  
 All funds received or held by the Company under the Plan may be used for any
corporate purpose until applied to the purchase of Common Stock and/or refunded to participating employees. Participating employees’ accounts will not be segregated. 
  
 23.   NO RIGHT TO CONTINUED EMPLOYMENT. 
  
 Neither the Plan nor any right to purchase Common Stock under the Plan confers upon any employee any right to continued
employment with the Company or any of its participating Affiliates, nor will an employee’s participation in the Plan restrict or interfere in any way with the right of the Company or any of its participating Affiliates to terminate the
employee’s employment at any time. 
  
 24.  
AMENDMENT OF PLAN. 
  
 The Board may, at any time, amend the Plan
in any respect (including an increase in the percentage specified in Section 8 above used in calculating the Purchase Price); provided, however, that without approval of the stockholders of 
  

 the Company no amendment shall be made (a) increasing the number of shares specified in Section 1 above that may be made
available for purchase under the Plan (except as provided in Section 26 below), (b) changing the eligibility requirements for participating in the Plan, or (c) impairing the vested rights of participating employees. 
  
 25.   EFFECTIVE DATE; TERM AND TERMINATION OF THE PLAN. 

 
 The Plan shall be effective as of the date of adoption by the Board, which
date is set forth below, subject to approval of the Plan by a majority of the votes present and entitled to vote at a duly held meeting of the shareholders of the Company at which a quorum representing a majority of all outstanding voting stock is
present, either in person or by proxy; provided, however, that upon 
  

  
 approval of the Plan by the shareholders of the Company as set forth above, all rights to
purchase shares granted under the Plan on or after the effective date shall be fully effective as if the shareholders of the Company had approved the Plan on the effective date. If the shareholders fail to approve the Plan on or before one year
after the effective date, the Plan shall terminate, any rights to purchase shares granted hereunder shall be null and void and of no effect, and all contributed funds shall be refunded to participating employees. The Board may terminate the Plan at
any time and for any reason or for no reason, provided that such termination shall not impair any rights of participating employees that have vested at the time of termination. In any event, the Plan shall, without further action of the Board,
terminate ten (10) years after the date of adoption of the Plan by the Board or, if earlier, at such time as all shares of Common Stock that may be made available for purchase under the Plan pursuant to Section 1 above have been issued. 

 
 26.   EFFECT OF CHANGES IN CAPITALIZATION. 
  
 (a) Changes in Stock. 
  
 If the number of outstanding shares of Common Stock is increased or decreased
or the shares of Common Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, reverse split, combination of shares, exchange
of shares, stock dividend, or other distribution payable in capital stock, or other increase or decrease in such shares effected without receipt of consideration by the Company occurring after the effective date of the Plan, the number and kinds of
shares that may be purchased under the Plan shall be adjusted proportionately and accordingly by the Company. In addition, the number and kind of shares for which rights are outstanding shall be similarly adjusted so that the proportionate interest
of a participating employee immediately following such event shall, to the extent practicable, be the same as immediately prior to such event. Any such adjustment in outstanding rights shall not change the aggregate Purchase Price payable by a
participating employee with respect to shares subject to such rights, but shall include a corresponding proportionate adjustment in the Purchase Price per share. 
  
 (b) Reorganization in Which the Company Is the Surviving Corporation. 
  
 Subject to Subsection (c) of this section 26, if the Company shall be the
surviving corporation in any reorganization, merger or consolidation of the Company with one or more other corporations, all outstanding rights under the Plan shall pertain to and apply to the securities to which a holder of the number of shares of
Common Stock subject to such rights would have been entitled immediately following such reorganization, merger or consolidation, with a corresponding proportionate adjustment of the Purchase Price per share so that the aggregate Purchase Price
thereafter shall be the same as the aggregate Purchase Price of the shares subject to such rights immediately prior to such reorganization, merger or consolidation. 

 (c) Reorganization in Which the Company Is Not the Surviving Corporation or Sale of Assets or Stock.

  
 Upon any dissolution or liquidation of the Company, or upon a
merger, consolidation or reorganization of the Company with one or more other corporations in which the Company is not the surviving corporation, or upon a sale of all or substantially all of the assets of the Company to another corporation, or upon
any transaction (including, without limitation, a merger or reorganization in which the Company is the surviving corporation) approved by the Board that results in any person or entity owning more than 80 percent of the combined voting power of all
classes of stock of the Company, the Plan and all rights outstanding hereunder shall terminate, except to the extent provision is made in writing in connection with such transaction for the continuation of the Plan and/or the assumption of the
rights theretofore granted, or for the substitution for such rights of new rights covering the stock of a successor corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kinds of shares and exercise
prices, in which event the Plan and rights theretofore granted shall continue in the manner and under the terms so provided. In the event of any such termination of the Plan, the Offering Period shall be deemed to have ended on the last trading day
prior to such termination, and in accordance with Section 10 above the rights of each participating employee then outstanding shall be deemed to be automatically exercised on such last trading day. The Board shall send written notice of an event
that will result in such a termination to all participating employees not later than the time at which the Company gives notice thereof to its stockholders. 
  
 (d) Adjustments. 
  
 Adjustments under this Section 26 related to stock or securities of the Company shall be made by the Committee, whose determination in that respect shall
be final, binding, and conclusive. 
  
 (e) No Limitations on
Company. 
  
 The grant of a right pursuant to the Plan shall not
affect or limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any
part of its business or assets. 
  
 27.   GOVERNMENTAL
REGULATION. 
  
 The Company’s obligation to issue, sell and
deliver shares of Common Stock pursuant to the Plan is subject to such approval of any governmental authority and any national securities exchange or other market quotation system as may be required in connection with the authorization, issuance or
sale of such shares. 
  
 28.   STOCKHOLDER RIGHTS.

  
 Any dividends paid on shares held by the Company for a
participating employee’s account will be transmitted to the employee. The Company will deliver to each participating employee who purchases shares of Common Stock under the Plan, as promptly as practicable by mail or otherwise, all notices of
meetings, proxy statements, proxies and other materials distributed by the Company to its stockholders. Any shares of Common Stock held by the Agent for an employee’s account will be voted in accordance with the employee’s duly delivered
and signed proxy instructions. There will be no charge to participating employees in connection with such notices, proxies and other materials. 

 29.   RULE 16b-3. 
  
 Transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or any successor provision
under the Securities Exchange Act of 1934, as amended. If any provision of the Plan or action by the Board fails to so comply, it shall be deemed null and void to the extent permitted by law and deemed advisable by the Board. Moreover, in the event
the Plan does not include a provision required by Rule 16b-3 to be stated herein, such provision (other than one relating to eligibility requirements, or the price and amount of awards) shall be deemed automatically to be incorporated by reference
into the Plan. 
  
 30.   PAYMENT OF PLAN EXPENSES.

  
 The Company will bear all costs of administering and carrying
out the Plan. 
  
 *     *
    *

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