Document:

SHARE EXCHANGE AGREEMENT

                                       AND

                             PLAN OF REORGANIZATION

            THIS AGREEMENT AND SHARE EXCHANGE AND PLAN OF REORGANIZATION with
Allstate Shareholders (this "Agreement") is made and entered into as of July 29,
2006, by and among Shearson Financial Network, Inc. a Nevada corporation, (the
"Company" or "Shearson"); and Allstate Home Loans, Inc. a California corporation
("Allstate"), and Gregg Shanberg, the sole shareholder of Allstate (the
"Allstate Shareholder"), (Allstate, the Allstate Shareholder and the Company are
collectively referred to herein as the "Parties"), with reference to the
following facts:

                                    RECITALS

            A. WHEREAS, the Company is a publicly traded corporation engaged in
the business of mortgage banking, and Allstate is a shareholder of a privately
held corporation engaged in the business of mortgage banking with a total of 12
branches located in the United States.

            B. WHEREAS, Allstate Shareholder owns 1,000 shares of common stock
of Allstate (the "Allstate Shares") which constitutes all of the issued and
outstanding shares of common stock of Allstate.

            C. WHEREAS, the Company desires to purchase eighty five percent of
the Allstate Shares from the Allstate Shareholder and Allstate Shareholder
desires to sell, transfer and assign exchange eighty five percent of the
Allstate Shares for shares of common stock of Company;

            D. WHEREAS, for United States federal income tax purposes, it is
intended that the transaction contemplated by this Agreement shall qualify as a
"reorganization" within the meaning of Section 368(a) of the Internal Revenue
Code of 1986, as amended (the "Code"), and that this Agreement shall be, and is
hereby, adopted as a "plan of reorganization" for purposes of Section 368(a) of
the Code; and

            E. WHEREAS, the Parties have determined it to be in their best
interest for Allstate to surrender and transfer 850 shares of its Common Stock
to the Company under the exemption made available pursuant to Section 4 of the
Securities Act of 1933, as amended (the "Securities Act");

            NOW, THEREFORE, in consideration of the mutual covenants,
representations, warranties and agreements contained herein, and intending to be
legally bound hereby, the Parties agree as follows:

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                                    ARTICLE I

                    EXCHANGE OF THE SHARES AND CONSIDERATION

      1.1 Shares Being Exchanged. Subject to the terms and conditions of this
Agreement, at the closing provided for in Section 2 hereof (the "Closing"), the
Company shall sell, assign, transfer and deliver to Allstate Shareholder two
million dollars ($2,000,000) worth of shares of the Company's common stock at a
price of $0.025 per share based on the closing price of the shares of the
Company on the date hereof, for a total of eighty million shares (80,000,000)
the shares of Company common stock sold, assigned and transferred to Allstate
hereunder are hereinafter referred to as the "Company Shares". The Company shall
make its best efforts to file a registration statement with the SEC within six
months from the date of this agreement.

      1.2 Consideration. Subject to the terms and conditions of this Agreement
and in consideration of the sale, assignment, transfer and delivery of the
Company Shares to Allstate Shareholder, at the Closing Allstate Shareholder
shall sell, transfer, assign and deliver to the Company 850 shares of Allstate
common stock (the shares of Allstate's common stock issued, sold and delivered
to the Company hereunder are hereinafter referred to as the "Allstate Shares")
and shall also deliver to the Company duly executed stock powers for sale,
transfer and assignment of the Allstate Shares.

      1.3 Promptly after its receipt from the Company of the Allstate shares,
Allstate hereby agrees to cancel the shares and issue new shares of like amount
in the name of the Company.

      1.4 Additionally, Allstate shall include for the benefit of the Company
items as per attached (Exhibit A).

      1.5 Allstate and the Company mutually agree that the existing working
capital presently on the books ( Exhibit B) shall remain as working capital.

      1.6 Allstate currently hold a total of 33 state licenses to do business as
a mortgage broker and/or banker which shall become the property of the Company
upon the Company filing the proper notices with the respective authorities.
(Exhibit C).

      1.7 Allstate and the Company mutually agree that any money being held by a
warehouse line shall be the property of Shearson and shall remain for the
benefit of Shearson paying off any contingent liabilities of the Company" we
should probably define "contingent liabilities. Although these funds may be used
in the normal course of business as working capital, after twelve months, should
there be funds left over after settling of all contingent liabilities derived
from EPD/Buybacks, then those remaining funds will be paid to Allstate
shareholders within 30 days. In the event there is a deficit amount available
from the warehouse lines such that the amounts owing from EPD/Buybacks is
greater than the funds available from the warehouse lines, then Shearson will
have the right to offset said amounts from the previous shareholders by reducing
the number of shares Allstate shareholders receive. The formula for said
reduction will be for each dollar of deficit amount owing, Allstate shareholders
shall return eighty (80) shares of Shearson stock.

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      1.8 The Company shall assume 50% of the debt owed to the Allstate
      Shareholder which shall be no greater than $1.25 million dollars and as
      noted on Exhibit F attached. The Company, at its sole option, may
      immediately convert said debt any time after the closing, to three
      thousand (3,000) shares of Series A-1 Convertible Preferred Stock of the
      Company with a value of $400.00 per share. Said shares shall have a
      liquidation preference such that upon the investment funding by Barron
      Partners (or another such investment company in an amount in excess of ten
      million dollars) into the Company, holder may require the Company to
      liquidate the Series A-1 Convertible Preferred Stock into $1.25 million
      dollars in cash from the proceeds from said funding. In the event the
      Company does not secure an investment by Barron Partners (or another such
      investment company) within six months from the date of this agreement,
      then the holders will have the right to convert the Series A-1 Convertible
      Preferred Shares into common stock at the conversion price of $0.025 per
      share for a total of 48 million shares. The Company will use its best
      efforts to cause a registration statement to be filed pursuant to the
      conversion of the shares into common stock.

                                   ARTICLE II

                                     CLOSING

      2.1 Time and Place. Subject to the provisions of this Agreement, the
closing of the transactions contemplated by this Agreement (the "Closing") shall
take place at the offices of Shearson Financial Network, Inc., 6330 S. Sandhill
Rd., Suite 6, Las Vegas, Nevada 89120, on July 29, 2006 (the "Closing Date") or
at such other place and on such other date as is mutually agreeable to the
Parties.

                                   ARTICLE III

                               CLOSING DELIVERIES

      3.1 Closing Deliveries. At the Closing, each of the Parties shall make the
Closing deliveries required of it pursuant to Article IX of this Agreement.

                                   ARTICLE IV

                    REPRESENTATIONS AND WARRANTIES OF COMPANY

            Except as set forth in the written disclosure schedule attached
hereto as (Exhibit A) dated as of the date hereof prepared by the Company,
signed by the President and Chief Financial Officer of the Company and delivered
to Allstate and the Allstate Shareholder simultaneously with the execution
hereof (the "Company Disclosure Schedule"), the Company represents and warrants
to Allstate and the Allstate Shareholder that all of the statements contained in
this Article IV are true and correct as of the date of this Agreement (or, if
made as of a specified date, as of such date) and will be true, complete and
correct as of the Closing Date (or if made as of a specified date, as of such
date). Each exception set forth in the Disclosure Schedule and each other
response to this Agreement set forth in the Disclosure Schedule is identified by
reference to, or has been grouped under a heading referring to, a specific
individual section of this Agreement and relates only to such section except to
the extent that one portion of the Disclosure Schedule specifically refers to
another portion thereof, identifying such other portion by section reference or
similar specific cross-reference.

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      4.1 Organization and Qualification.

            (a) The Company is a corporation duly organized, validly existing
and in good standing under the laws of the state of Nevada and has the requisite
corporate power and authority to carry on its business as it is now being
conducted. There is no pending or threatened proceeding for the dissolution or
liquidation of the Company.

            (b) The Company (i) does not, directly or indirectly, own any
interest in any corporation, partnership, joint venture, limited liability
Company, or other Person and (ii) is not subject to any obligation or
requirement to provide funds to or to make any investment (in the form of a
loan, capital contribution or otherwise) in or to any Person. For purposes of
this Agreement, "Person" shall mean any individual, sole proprietorship,
partnership, joint venture, trust, unincorporated organization, association,
corporation, institution, government, entity or any group comprised of one or
more of the foregoing.

            (c) The Company is duly qualified or licensed to do business and is
in good standing in each jurisdiction in which the nature of its business or the
properties owned or leased by it makes such qualification or licensing
necessary, except for any such jurisdiction where the failure to so qualify or
be licensed, individually and in the aggregate for all such jurisdictions, would
not reasonably be expected to have a Material Adverse Effect. For purposes of
this Agreement, "Material Adverse Effect" means an action, event or occurrence
if it has, or could reasonably be expected to have, a material adverse effect on
the capitalization, financial condition or results of operations of the person
or entity in question. Any item or event susceptible of measurement in monetary
terms which, when considered together with similar items or events, does not
exceed the amount of $25,000, shall not be considered a Material Adverse Effect.

            (d) The Company has provided or will, promptly following the date of
this Agreement, provide to Allstate complete and accurate copies of the Articles
of Incorporation and Bylaws of the Company, as currently in effect, and minutes
and other records of the meetings and other proceedings of the Board of
Directors of the Company. The Company is not in violation of any provisions of
its Articles of Incorporation or Bylaws.

      4.2 Capitalization.

            (a) The authorized capital stock of the Company consists of
500,000,000 shares of Common Stock, $0.001 par value per share, of which
96,407,839 shares are issued and outstanding. All issued and outstanding shares
of Company Common Stock are validly issued and outstanding, fully paid and
nonassessable and free of preemptive rights. With respect to other shares of
Company Common Stock, (i) there are no shares of capital stock or other equity
securities of the Company outstanding and, (ii) there are no outstanding
options, warrants, subscription rights (including any preemptive rights), calls,
or commitments, or convertible notes or instruments of any character whatsoever
to which the Company is a party or is bound, requiring or which could require
the issuance, sale or transfer by the Company of any shares of capital stock of
the Company or any securities convertible into or exchangeable or exercisable
for, or rights to purchase or otherwise acquire, any shares of capital stock of
the Company. There are no stock appreciation, phantom stock or similar rights
relating to the Company.

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            (b) All of the shares of Company Common Stock issued and outstanding
immediately prior to the Closing have been issued in compliance with applicable
federal and state securities laws in reliance on exemptions from registration or
qualification thereunder.

      4.3 Authority. The Company has the requisite corporate power and authority
to enter into this Agreement, to perform its obligations hereunder, and to
consummate the transactions contemplated hereby. The execution and delivery of
this Agreement by the Company and the consummation by the Company of the
transactions contemplated hereby, have been duly authorized by all necessary
corporate action on the part of the Company. This Agreement has been duly
executed and delivered by the Company and constitutes a legal, valid and binding
obligation of the Company, enforceable against it in accordance with its terms.

      4.4 No Conflict, Required Filings and Consents.

            (a) The execution and delivery of this Agreement and any instrument
required hereby to be executed and delivered by the Company at the Closing does
not, and the performance of this Agreement by the Company will not, (i) conflict
with or violate the Articles of Incorporation or Bylaws of the Company; or (ii)
conflict with or violate any law, rule, regulation, order, judgment or decree
applicable to the Company or by which it or any of its properties is bound or
affected; or (iii) result in any breach of or constitute a default (or an event
that with notice or lapse of time or both would become a default), or impair in
any material respect the Company's rights or materially alter the rights or
obligations of any third party under, or give to others any rights of
termination, amendment, acceleration or cancellation of any note, bond,
mortgage, indenture, deed of trust, lease, permit, concession, franchise,
license, agreement or other instrument or obligation to which the Company is a
party or to which the properties or assets of the Company are subject, or (iv)
result in the creation of any security interest, lien, claim, pledge, agreement,
limitation on voting rights, charge or other encumbrance of any material nature
(collectively, "Liens") on any of the properties or assets of the Company
pursuant to any Company Agreement (as defined in Section 4.11 below).

            (b) The execution and delivery of this Agreement and any instrument
required hereby to be executed and delivered by the Company at the Closing does
not, and the performance of this Agreement by the Company will not, require any
consent, approval, authorization or permit of, or filing with or notification
to, any court, administrative or regulatory agency or commission or other
governmental authority or instrumentality (whether domestic or foreign, a
"Governmental Entity").

            (c) The consent of, or the delivery of notice to or filing with, any
party to a Company Agreement (as defined in Section 4.11 below) is not required
for the execution and delivery by the Company of this Agreement or the
consummation of the transactions contemplated by this Agreement.

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      4.5 Compliance; Permits.

            (a) The Company is not in conflict with, or in default or violation
of (and has not received any notices of violation. with respect to), any law,
rule, regulation, order, judgment or decree applicable to the Company or by
which it or any of its properties is bound or affected, and the Company has no
knowledge of any such conflict, default or violation thereunder, except in each
case for any such conflicts, defaults or violations that is not currently having
or would not have a Material Adverse Effect on the Company.

            (b) The Company holds all permits, licenses, easements, variances,
exemptions, consents, certificates, authorizations, registrations, orders and
other approvals from Governmental Entities that are material to the operation of
the business of the Company as it is now being conducted (collectively, the
"Company Permits"). The Company Permits are in full force and effect, have not
been violated in any respect that is currently having or would have a Material
Adverse Effect on the Company, and no suspension, revocation or cancellation
thereof has been threatened and there is no action, proceeding or investigation
pending or, to the Company's knowledge, threatened regarding suspension,
revocation or cancellation of any Company Permits, except where the suspension,
revocation or cancellation of such Company Permits would not have a Material
Adverse Effect on the Company.

      4.6 Litigation. There is legal actions (a) pending or, threatened against
the Company, its assets, or (b) pending, threatened against an officer or
director of the Company said legal action has been disclosed in the Company
filings with the SEC.

      4.7 Taxes. The Company has timely filed all tax returns and reports
required to be filed by it (after giving effect to any filing extension properly
granted by a governmental entity having authority to do so) ("Company Tax
Return"). Each such Company Tax Return is true, correct and complete in all
material respects. Company has paid, within the time and manner prescribed by
law, all material taxes that are due and payable. No Company Tax Return is the
subject of any investigation, audit or other proceeding by any federal, state or
local tax authority.

      4.8 Labor Matters.

            (a) The Company is in compliance in all material respects with all
applicable laws respecting employment and employment practices, terms and
conditions of employment and wages and laws, and is not engaged in any unfair
labor practices;

            (b) There are no controversies pending or, to the knowledge of the
Company, threatened, between the Company and any of its respective employees,
consultants or independent contractors, which controversies have had or could
reasonably be expected to have a Material Adverse Effect on the Company;

            (c) The Company is not a party to any collective bargaining
agreement or other labor union contract applicable to persons employed by the
Company, nor does the Company know of any activities or proceedings of any labor
union to organize any such employees; and

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            (d) The Company has no knowledge of any labor disputes, strikes,
slowdowns, work stoppages, lockouts, or threats thereof, by or with respect to
any employees of, or consultants or independent contractors to, the Company.

      4.9 Benefit Plans. The Company has not adopted and is not a party to any
bonus, pension, profit sharing, deferred compensation, incentive compensation,
stock ownership, stock purchase, stock option, phantom stock, retirement,
vacation, severance, disability, death benefit, hospitalization, medical or
other employee benefit plan, arrangement or understanding (whether or not
legally binding) providing benefits to any current or former employee, officer
or director of the Company or any person affiliated with the Company.

      4.10 Financial Statements. Attached to the Company Disclosure Schedule are
(i) the audited balance sheet of the Company as of December 31, 2005 (the
"Audited Company Balance Sheet"), together with the related statements of income
and cash flows for each of the two fiscal years of the Company then ended and
for the cumulative period from the date of inception through December 31, 2005
(the "Audited Financial Statements"), all certified by Pollard/Kelley Audit
Services whose audit reports thereon are included therewith. The Audited
Financial Statements (including, in each case, any related notes thereto) (i)
were prepared in accordance with generally accepted accounting principles
("GAAP") applied on a consistent basis throughout the period involved, (ii) are
complete and correct, and (iii) fairly presents the financial position of the
Company as of the date thereof and the results of its operations and cash flows
and stockholder equity for the period indicated. Except as noted in the opinions
contained in the Audited Financial Statements, such Audited Financial Statements
and opinions were rendered without qualification or exception and were not
subject to any contingency.

      4.11 Contracts and Commitments.

            (a) Except for the contracts, commitments, leases, licenses and
agreements listed on Section 4.11 of the Company Disclosure Schedule (the
"Company Agreements"), the Company is not party to or subject to:

                  (i) any agreement (or group of related agreements) which
            requires future expenditures by the Company in excess of $25,000 or
            is otherwise material to the Company's business;

                  (ii) any material contract or agreement for the purchase or
            sale of any commodity, product, material, supplies, equipment or
            other personal property, other than purchase or sale orders entered
            into in the ordinary course of business consistent with past
            practices;

                  (iii) any employment, consulting or independent contractor
            agreements;

                  (iv) any distributor, sales representative, sales agent,
            commission or similar agreement, whether or not in writing;

                  (v) any material license agreement (whether as licensor or
            licensee) or royalty agreement;

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                  (vi) any agreement with any current or former stockholder,
            officer or director of the Company, or any "affiliate" or
            "associate" of such persons (as such terms are defined in the rules
            and regulations promulgated under the Securities Act), including
            without limitation any agreement or other arrangement providing for
            the furnishing of services by, rental of real or personal property
            from, or otherwise requiring payments to, any such person;

                  (vii) any agreement or other commitment with any person or
            entity containing covenants limiting the freedom of the Company or
            any of the Company's affiliates, employees, directors, officers,
            consultants or agents to compete in any line of business or with any
            person or entity or in any geographical location or to use or
            disclose any information in their possession;

                  (viii) any loan agreement, indenture, note, bond, debenture,
            guarantee or any other document or agreement evidencing a
            capitalized lease obligation or indebtedness to any person or any
            agreement of guaranty, indemnification or other similar commitment
            with respect to the obligations or liabilities of any other Person;

                  (ix) any agreement for the disposition of Company assets other
            than in the ordinary course of business consistent with past
            practices;

                  (x) any agreement for the acquisition of the business or
            shares of another party;

                  (xi) any contract or agreement concerning a partnership or
            joint venture with one or more Person;

                  (xii) any lease of real property;

                  (xiii) any agreement which contains a fixed penalty or
            liquidated damages clause for late performance or other default by
            the Company to the extent that such late performance or default
            would have a Material Adverse Effect on the Company; or

                  (xiv) any other agreement or contract (or group of related
            agreements or contracts) to the extent not otherwise disclosed in
            the Company Disclosure Schedule, the performance of which involves
            consideration paid by the Company in excess of $100,000.00 in any
            one year period.

            (b) Correct and complete copies of all Company Agreements, including
all amendments thereto, have been delivered to Allstate and the Allstate
Shareholder. The Company has not breached, is not in default under, and has not
received written notice of any breach of or default under, any agreement
required to be disclosed in Section 4.11 of the Company Disclosure Schedule
(each, a "Material Contract"). To the Company's knowledge, no other party to any
Material Contract has breached or is in default of any of its obligations
thereunder to the extent that such breach or default would have a Material
Adverse Effect on the Company. Each Material Contract is in full force and
effect, except in any such case for breaches, defaults or failures to be in full
force and effect that do not currently have or would not have a Material Adverse
Effect on the Company. Each Material Contract is a legal, valid and binding
obligation of the Company and each of the other parties thereto, enforceable in
accordance with its terms, except that the enforcement thereof may be limited by
(i) bankruptcy, insolvency, reorganization, moratorium or other similar laws now
or hereafter in effect relating to creditors' rights generally and (ii) general
principles of equity.

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            (c) The consent of, or the delivery of notice to or filing with, any
party to a Material Contract is not required for the execution and delivery by
the Company of this Agreement or the consummation of the transactions
contemplated under the Agreement.

      4.12 Absence of Certain Changes and Events. Since the date of the Audited
Company Balance Sheet, the Company has conducted its business in the ordinary
course consistent with past practice and, since such date, there has not
occurred:

            (a) any event, damage, destruction or loss, whether covered by
insurance or not, which has had or reasonably is expected to have a Material
Adverse Effect on the Company or its assets;

            (b) any entry by the Company into a commitment or transaction
material to the Company, which is not in the ordinary course of business
consistent with past practice;

            (c) any change by the Company in accounting principles, methods or
practices, except insofar as may have been required by a change in GAAP;

            (d) any declaration, payment or setting aside for payment of any
dividends or distributions in respect to shares of Company Common Stock, or any
redemption, purchase or other acquisition of any shares of Company Common Stock;

            (e) any cancellation of any debts or waiver or release of any right
or claim of the Company individually or in the aggregate material to the
Company, whether or not in the ordinary course of business;

            (f) any revaluations by the Company of any of its assets or
liabilities, including without limitation, writing-off notes or accounts
receivable;

            (g) any material increase in the rate or terms of compensation
payable or to become payable by the Company to any of its personnel or
consultants; any bonus, incentive compensation, service award or other benefit
granted, made or accrued, contingently or otherwise, for or to the credit of any
Company personnel; employee welfare, pension, retirement, profit-sharing or
similar payment or arrangement made or agreed to by the Company for any Company
personnel except for contributions in accordance with prior practice made to,
and payments made to employees under, plans and arrangements existing on the
date of the Audited Company Balance Sheet;

            (h) any adoption of a plan of liquidation or resolutions providing
for the liquidation, dissolution, merger, consolidation or other reorganization
of the Company, other than in connection with the transactions contemplated
hereby;

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            (i) any purchase, acquisition or sale by the Company of any assets,
other than in the ordinary course of business;

            (j) any amendment, cancellation or termination of any Material
Contract, including, without limitation, license or sublicense, or other
instrument to which the Company is a party or to which the Company or any of the
assets of the Company is bound;

            (k) any failure to pay when due any material obligation of the
Company;

            (l) any failure to operate the business of the Company in the
ordinary course with an effort to preserve the business intact, to keep
available to the Company the services of its personnel, and to preserve for the
Company the goodwill of its customers and others having business relations with
the Company except for such failures that would not have a Material Adverse
Effect on the Company;

            (m) any commitment to borrow money entered into by the Company, or
any loans made or agreed to be made by the Company, involving more than $100,000
individually or $500,000 in the aggregate (other than credit provided by
suppliers or manufacturers in the ordinary course of the Company's business
consistent with past practices);

            (n) any liabilities incurred by the Company involving $10,000 or
more individually and $25,000 or more in the aggregate, other than liabilities
incurred in the ordinary course of business consistent with past practices;

            (o) any payment, discharge or satisfaction of any material
liabilities of the Company or any material capital expenditure of the Company,
other than (i) the payment, discharge or satisfaction in the ordinary course of
business consistent with prior practice of liabilities reflected or reserved
against in the Audited Financial Statements or incurred in the ordinary course
of business consistent with prior practice since the date of the Audited Company
Balance Sheet, and (ii) any capital expenditures involving $10,000 or less
individually and $25,000 or less in the aggregate;

            (p) any amendment of the Company's Articles of Incorporation or
Company Bylaws; or

            (q) any agreement by the Company to do any of the things described
in the preceding clauses (a) through (p) of this Section 4.12, other than as
expressly contemplated or provided for in this Agreement.

      4.13 Properties, Assets, Encumbrances; No Undisclosed Liabilities.

            (a) The Company has good, valid and marketable title to, a valid
leasehold interest in, or valid license rights to, all the properties and assets
which it purports to own, lease or license (real, personal and mixed, tangible
and intangible), including, without, limitation, all the properties and assets
reflected in the Company Balance Sheet (except for personal property sold since
the date of the Company Balance Sheet in the ordinary course of business
consistent with past practice), except as would not have a Material Adverse
Effect on the Company, and such properties and assets are all of the assets
(whether tangible or intangible) that are used or required for use in the
operation of its business as currently or proposed to be conducted. All
properties and assets reflected in the Company Balance Sheet are free and clear
of all Liens, except for Liens reflected on the Company Balance Sheet and Liens
for current taxes not yet due and other Liens that do not, individually or in
the aggregate, materially detract from the value or impair the use of the
property or assets subject thereto. Section 4.13 of the Company Disclosure
Schedule contains a complete and accurate list of all leases pursuant to which
the Company leases from others material amounts of real or personal property.
Each such lease is in good standing, valid and effective in accordance with its
terms, and there is not under any such lease, any existing material default or
event of default (or event which with the giving of notice or lapse of time, or
both, would constitute a material default).

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            (b) There are no liabilities of the Company, other than (i)
liabilities disclosed or provided for in the Company Balance Sheet, or (ii)
liabilities incurred in the ordinary course of business since the date of the
Company Balance Sheet and which, if existing, would not have a Material Adverse
Effect on the Company. There is no probable or reasonably possible loss
contingency (within the meaning of Statement of Financial Accounting Standards
No. 5) known to the Company, which is not reflected in the Financial Statements
(including the notes thereto).

      4.14 Environmental Matters.

            (a) The Company is in compliance in all-material respects with all
applicable Environmental Laws (as defined below). The Company has not received
any communication from a Governmental Entity, citizens group, employee or other
person that alleges that the Company is not in full compliance with all
applicable Environmental Laws.

            (b) There is no Environmental Claim (as defined below) pending
against the Company or, to the Company's knowledge, threatened against any
person whose liability for any Environmental Claim the Company has or may have
retained or assumed either contractually or by operation of law.

            (c) "Environmental Claim" means any claim, action, cause of action,
investigation or notice by any person alleging potential liability arising out
of, based on or resulting from (i) the presence, or release into the
environment, of any Material of Environmental Concern at any location, whether
or not owned by the Company, or (ii) circumstances forming the basis of any
violation, or alleged violation, of any Environmental Law.

            (d) "Environmental Laws" means all federal, state, local and foreign
laws and regulations relating to pollution or protection or preservation of
human health or the environment including, without limitation, ambient air,
surface water, ground water, land surface or subsurface strata and natural
resources, and including, without limitation, all laws and regulations relating
to emissions, discharges, releases or threatened releases of Materials of
Environmental Concern, or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, containment (whether above ground or
underground), disposal, transport or handling of Materials of Environmental
Concern, or the preservation of the environment or mitigation of adverse effects
thereon and all laws and regulations with regard to recordkeeping, notification,
disclosure and reporting requirements respecting Materials of Environmental
Concern.

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            (e) "Materials of Environmental Concern" means all pollutants,
containments, toxic or hazardous substances, materials and wastes, petroleum and
petroleum products, asbestos and asbestos-containing materials, polychlorinated
biphenyls, radon or lead-based paints and materials.

      4.15 Intellectual Property.

            (a) "Intellectual Property" is defined as all intellectual property
in which Company has any right, title, or interest (including a licensed right
other than rights to licensed software that is generally commercially available)
or which has been, is being, or is expected to be used, exploited, or
commercialized by Company in the conduct of its business, including but not
limited to all "Patents" (hereinafter defined), all "Marks" (hereinafter
defined), all "Copyrights" (hereinafter defined), and all "Confidential
Information" (hereinafter defined).

                  (1) "Patents" is defined to include all concepts, ideas,
designs, formulas, inventions (whether patentable or not), techniques, all U.S.
and foreign patent applications, and all U.S. and foreign patents.

                  (2) "Marks" is defined to include all words, names, logos,
symbols, trade names, source indicating indicia, trade dress, trademarks, marks,
U.S. and foreign applications to register marks, and U.S. and foreign
registrations.

                  (3) "Copyrights" is defined to include all copyrights, U.S.
and foreign, whether registered or not, all copyright applications, all
copyright registrations, including but not limited to the copyrights in
Company's business documents and files, customer documents and files, software,
product designs and packaging, advertising, promotional material, and software
products (whether developed or in development).

                  (4) "Confidential Information" is defined to include, but not
limited to, confidential information, financial information, business trade
secrets, marketing information, financial and technical trade secrets,
techniques, processes, and know-how.

            (b) Section 4.15(b) of the Company Disclosure Schedule contains a
complete and accurate list and description of (i) Intellectual Property which is
material to the business of the Company; (ii) all patent applications, issued
patents, trademark applications, trademark registrations, copyright
applications, and copyright registrations, (iii) all licenses of Intellectual
Property to the Company (other than licensed software that is generally
commercially available) which are material to the business of Company; and (iv)
all licenses and other agreements, written or not, from the Company to any third
party granting any rights or interests in the Intellectual Property.

            (c) Except as set forth in Section 4.15(c) of the Company Disclosure
Schedule:

                  (1) Company is the sole owner, free and clear of any Lien or
encumbrance, and without the payment of any monies or royalty except with
respect to off-the-shelf software, of the Intellectual Property;

                                       12
<PAGE>

                  (2) Company has taken, and will continue to take, all actions
which are necessary or advisable to acquire and protect the Intellectual
Property, consistent with prudent commercial practices;

                  (3) Company's rights in the Intellectual Property are valid
and enforceable;

                  (4) Company has received no demand, claim, notice or inquiry
from any person in respect of the Intellectual Property which challenges,
threatens to challenge or inquires as to whether there is any basis to
challenge, the validity of, the rights of the Company in, or the right of the
Company to use, any such Intellectual Property, and the Company knows of no
basis for any such challenge;

                  (5) Company is not in violation or infringement of, and has
not violated or infringed, any proprietary rights of any other person;

                  (6) no person has or is infringing, misappropriating, or
making unauthorized use of any Intellectual Property;

                  (7) except on an arm's-length basis for value and other
commercially reasonable terms, the Company has not licensed, consented or
acquiesced to the taking or use of any Intellectual Property by any person;

                  (8) all Marks and Copyrights which are material to the
business of the Company were either (a) authored by regular employees of Company
within the scope of their employment and Company was thus the original author
pursuant to the work made for hire doctrine, or (b) authored by independent
contractors subject to enforceable non-disclosure and assignment agreements;

                  (9) the execution and consummation of this Agreement will not
adversely impair or impact the value of or the Company's future enjoyment and
exploitation of the Intellectual Property;

                  (10) all current or former Company personnel, including
partners, directors, officers, employees, agents, consultants and contractors,
who have contributed to or participated in the conception, creation, or
development of any Intellectual Property have executed effective and proper
agreements containing non-disclosure and assignment provisions for the benefit
of Company. True and complete copies of these agreements have been delivered to
Allstate. After giving effect to the transactions contemplated herein, no
current or former personnel of Company will possess any right, title or interest
in the Intellectual Property; and

                  (11) Company is not in breach or violation of any agreement
relating to any Intellectual Property which would materially impair Company's
rights, title, or interest in the Intellectual Property or agreement.

                                       13
<PAGE>

      4.16 Insurance. Section 4.16 of the Company Disclosure Schedule contains a
true, accurate and complete list of all policies or binders of fire, liability,
title, workers' compensation and other forms of insurance (showing as to each
policy or binder the carrier, policy number, coverage limits, expiration dates,
annual premiums and a general description of the type of coverage provided)
maintained by the Company on the business, assets or personnel of the Company.
All of such policies are sufficient for compliance with all requirements of all
contracts to which the Company is a party and all state, federal, local or
foreign laws, rules and regulations applicable to the Company. The Company has
paid all premiums due on such insurance policies and is in compliance with and
not in default under any of such policies or binders. The Company has not failed
to give any notice or to present any claim under any such policy or binder in a
due and timely fashion when the effect of such default or such failure would be
to render a material claim uninsured. The Company has not received any notice
from any insurer advising of reduced coverage or increased premiums on existing
policies or binders. There are no outstanding unpaid claims under any such
policies or binders. Such policies and binders are in full force and effect, and
the Company has delivered true and correct copies of such policies and binders
to Shareholder.

      4.17 Equipment. All of the tangible personal property of the Company that
is material, either individually or in the aggregate, to the operation of the
Company's business is in good working order, operating condition and state of
repair, ordinary wear and tear excepted.

      4.18 Interested Party Transactions. No stockholder, officer or director of
the Company, or any person with whom any such stockholder, officer or director
has any direct or indirect relation by blood, marriage or adoption, or any
entity in which any such person owns any beneficial interest (other than a
publicly-held corporation whose stock is traded on a national securities
exchange or in the over-the-counter market and less than 1% of the stock of
which is beneficially owned by all of such persons), has any interest in (i) to
the Company's knowledge, any contract, arrangement or understanding with, or
relating to, the business or operations of the Company that could reasonably be
expected to result in a liability or obligation of the Company, (ii) any loan,
arrangement, understanding, agreement or contract for or relating to
indebtedness with the Company, (iii) any material property (real, personal or
mixed), tangible or intangible, used or currently intended to be used in the
business or operations of the Company, (iv) to the Company's knowledge, any
business or entity that competes with the Company, or (v) to the Company's
knowledge, any other transaction that would be required to be reported as a
Certain Relationship or Related Transaction, pursuant to Item 404, or any other
provisions of, Regulation S-B promulgated by the SEC, if the Company filed such
reports.

      4.19 Change of Control Agreements. The Company has no plans, programs or
agreements to which it is a party, or to which it is subject, pursuant to which
payments (or acceleration of benefits) may be required upon, or may become
payable directly or indirectly as a result of, any change of control of the
Company.

      4.20 Books and Records. The books of account, minute books (including,
without limitation, all actions of the shareholders of the Company, the board of
directors of the Company and all committees of the board of directors of the
Company) stock record books and other records of the Company are complete and
correct in all material respects and have been maintained in accordance with
sound business practices, including an adequate system of internal controls,
except for such failures with respect thereto as do not have a Material Adverse
Effect on the Company.

                                       14
<PAGE>

      4.21 Brokers. Except as described in Section 4.21 of the Company
Disclosure Schedule, no broker, finder or investment banker is entitled to any
brokerage, finder's or other fee or commission in connection with the
transactions contemplated by this Agreement based upon arrangements made by or
on behalf of the Company.

      4.22 Disclosure. The representations and warranties of the Company herein,
or in any document, exhibit, statement, certificate or schedule furnished by or
on behalf of the Company as required by this Agreement, do not contain and will
not contain any untrue statement of a material fact and do not omit and will not
omit to state any material fact necessary in order to make the statements herein
or therein, in light of the circumstances under which they were made, not
misleading. There are no material facts or circumstances relating to the Company
which have not been disclosed herein.

                                    ARTICLE V

     REPRESENTATIONS AND WARRANTIES OF ALLSTATE AND THE ALLSTATE SHARHOLDER

      Except as set forth in the disclosure schedule attached hereto as Exhibit
B (the "Allstate Disclosure Schedule"), Allstate, by virtue of signing this
Agreement, represents and warrants to the Company that the statements contained
in this Article V are true, correct and complete as of the date of this
Agreement (or, if made as of a specified date, as of such date) and will be
true, correct and complete as of the Closing Date (or, if made as of a specified
date, as of such date).

      5.1 Organization and Qualification.

            (a) Allstate is a corporation duly organized, validly existing and
in good standing under the laws of the state of California and has the requisite
corporate power and authority to carry on its business as it is now being
conducted. There is no pending or threatened proceeding for the dissolution or
liquidation of Allstate.

            (b) Allstate (i) does not, directly or indirectly, own any interest
in any corporation, partnership, joint venture, limited liability company, or
other Person and (ii) is not subject to any obligation or requirement to provide
funds to or to make any investment (in the form of a loan, capital contribution
or otherwise) in or to any Person. For purposes of this Agreement, "Person"
shall mean any individual, sole proprietorship, partnership, joint venture,
trust, unincorporated organization, association, corporation, institution,
government, entity or any group comprised of one or more of the foregoing.

            (c) Allstate is duly qualified or licensed to do business and is in
good standing in each jurisdiction in which the nature of its business or the
properties owned or leased by it makes such qualification or licensing
necessary, except for any such jurisdiction where the failure to so qualify or
be licensed, individually and in the aggregate for all such jurisdictions, would
not reasonably be expected to have a Material Adverse Effect. For purposes of
this Agreement, "Material Adverse Effect" means an action, event or occurrence
if it has, or could reasonably be expected to have, a material adverse effect on
the capitalization, financial condition or results of operations of the person
or entity in question. Any item or event susceptible of measurement in monetary
terms which, when considered together with similar items or events, does not
exceed the amount of $25,000, shall not be considered a Material Adverse Effect.

                                       15
<PAGE>

            (d) Allstate has provided or will, promptly following the date of
this Agreement, provide to the Company complete and accurate copies of the
Articles of Incorporation and Bylaws of Allstate, as currently in effect, and
minutes and other records of the meetings and other proceedings of the Board of
Directors Allstate. Allstate is not in violation of any provisions of its
Articles of Incorporation or Bylaws.

      5.2 Compliance; Permits.

            (a) Allstate is not in conflict with, or in default or violation of
(and has not received any notices of violation. with respect to), any law, rule,
regulation, order, judgment or decree applicable to Allstate or by which it or
any of its properties is bound or affected, and Allstate has no knowledge of any
such conflict, default or violation thereunder, except in each case for any such
conflicts, defaults or violations that is not currently having or would not have
a Material Adverse Effect on Allstate.

            (b) Allstate holds all permits, licenses, easements, variances,
exemptions, consents, certificates, authorizations, registrations, orders and
other approvals from Governmental Entities that are material to the operation of
the business of Allstate as it is now being conducted (collectively, the
"Allstate Permits"). Allstate Permits are in full force and effect, have not
been violated in any respect that is currently having or would have a Material
Adverse Effect on Allstate, and no suspension, revocation or cancellation
thereof has been threatened and there is no action, proceeding or investigation
pending or, to Allstate's knowledge, threatened regarding suspension, revocation
or cancellation of any Allstate Permits, except where the suspension, revocation
or cancellation of such Allstate Permits would not have a Material Adverse
Effect on Allstate.

      5.3 Litigation. There are legal actions (a) pending or, threatened against
Allstate, Allstate Home Loans, Inc and its assets. (Schedule E) Said litigation
shall be the responsibility, obligation, and liability of Allstate and not that
of the Company.

      5.4 Taxes. Allstate has timely filed all tax returns and reports required
to be filed by it (after giving effect to any filing extension properly granted
by a governmental entity having authority to do so) ("Allstate Tax Return").
Each such Allstate Tax Return is true, correct and complete in all material
respects. Company has paid, within the time and manner prescribed by law, all
material taxes that are due and payable. No Allstate Tax Return is the subject
of any investigation, audit or other proceeding by any federal, state or local
tax authority.

      5.5 Labor Matters.

            (a) Allstate is in compliance in all material respects with all
applicable laws respecting employment and employment practices, terms and
conditions of employment and wages and laws, and is not engaged in any unfair
labor practices;

                                       16
<PAGE>

            (b) There are no controversies pending or, to the knowledge of
Allstate, threatened, between Allstate and any of its respective employees,
consultants or independent contractors, which controversies have had or could
reasonably be expected to have a Material Adverse Effect on Allstate;

            (c) Allstate is not a party to any collective bargaining agreement
or other labor union contract applicable to persons employed by Allstate, nor
does Allstate know of any activities or proceedings of any labor union to
organize any such employees; and

            (d) Allstate has no knowledge of any labor disputes, strikes,
slowdowns, work stoppages, lockouts, or threats thereof, by or with respect to
any employees of, or consultants or independent contractors to, Allstate.

      5.6 Benefit Plans. Allstate has not adopted and is not a party to any
bonus, pension, profit sharing, deferred compensation, incentive compensation,
stock ownership, stock purchase, stock option, phantom stock, retirement,
vacation, severance, disability, death benefit, hospitalization, medical or
other employee benefit plan, arrangement or understanding (whether or not
legally binding) providing benefits to any current or former employee, officer
or director of Allstate or any person affiliated with Allstate.

      5.7 Financial Statements. Attached to Allstate Disclosure Schedule are (i)
the audited balance sheet of Allstate as of December 31, 2005 (the "Audited
Allstate Balance Sheet"), together with the related statements of income and
cash flows for each of the two fiscal years of Allstate then ended and for the
cumulative period from the date of inception through December 31, 2005 (the
"Audited Financial Statements"), all certified by Lorin & Zweig whose audit
reports thereon are included therewith. The Audited Financial Statements
(including, in each case, any related notes thereto) (i) were prepared in
accordance with generally accepted accounting principles ("GAAP") applied on a
consistent basis throughout the period involved, (ii) are complete and correct,
and (iii) fairly presents the financial position of Allstate as of the date
thereof and the results of its operations and cash flows and stockholder equity
for the period indicated. Except as noted in the opinions contained in the
Audited Financial Statements, such Audited Financial Statements and opinions
were rendered without qualification or exception and were not subject to any
contingency.

      5.8 Contracts and Commitments.

            (a) Except for the contracts, commitments, leases, licenses and
agreements listed on Allstate Disclosure Schedule (the "Allstate Agreements"),
Allstate is not party to or subject to:

                  (i) any agreement (or group of related agreements) which
            requires future expenditures by the Company in excess of $25,000 or
            is otherwise material to the Company's business;

                  (ii) any material contract or agreement for the purchase or
            sale of any commodity, product, material, supplies, equipment or
            other personal property, other than purchase or sale orders entered
            into in the ordinary course of business consistent with past
            practices;

                                       17
<PAGE>

                  (iii) any employment, consulting or independent contractor
            agreements;

                  (iv) any distributor, sales representative, sales agent,
            commission or similar agreement, whether or not in writing;

                  (v) any material license agreement (whether as licensor or
            licensee) or royalty agreement;

                  (vi) any agreement with any current or former stockholder,
            officer or director of Allstate, or any "affiliate" or "associate"
            of such persons (as such terms are defined in the rules and
            regulations promulgated under the Securities Act), including without
            limitation any agreement or other arrangement providing for the
            furnishing of services by, rental of real or personal property from,
            or otherwise requiring payments to, any such person;

                  (vii) any agreement or other commitment with any person or
            entity containing covenants limiting the freedom of Allstate or any
            of the Allstate's affiliates, employees, directors, officers,
            consultants or agents to compete in any line of business or with any
            person or entity or in any geographical location or to use or
            disclose any information in their possession;

                  (viii) any loan agreement, indenture, note, bond, debenture,
            guarantee or any other document or agreement evidencing a
            capitalized lease obligation or indebtedness to any person or any
            agreement of guaranty, indemnification or other similar commitment
            with respect to the obligations or liabilities of any other Person;

                  (ix) any agreement for the disposition of Company assets other
            than in the ordinary course of business consistent with past
            practices;

                  (x) any agreement for the acquisition of the business or
            shares of another party;

                  (xi) any contract or agreement concerning a partnership or
            joint venture with one or more Person;

                  (xii) any lease of real property;

                  (xiii) any agreement which contains a fixed penalty or
            liquidated damages clause for late performance or other default by
            Allstate to the extent that such late performance or default would
            have a Material Adverse Effect on Allstate; or

                  (xiv) any other agreement or contract (or group of related
            agreements or contracts) to the extent not otherwise disclosed in
            the Allstate Disclosure Schedule, the performance of which involves
            consideration paid by Allstate in excess of $100,000.00 in any one
            year period.

                                       18
<PAGE>

            (b) Correct and complete copies of all Allstate Agreements,
including all amendments thereto, have been delivered to the Company. Allstate
has not breached, is not in default under, and has not received written notice
of any breach of or default under, any agreement required to be disclosed in the
Allstate Disclosure Schedule (each, a "Material Contract"). To Allstate's
knowledge, no other party to any Material Contract has breached or is in default
of any of its obligations thereunder to the extent that such breach or default
would have a Material Adverse Effect on Allstate. Each Material Contract is in
full force and effect, except in any such case for breaches, defaults or
failures to be in full force and effect that do not currently have or would not
have a Material Adverse Effect on Allstate. Each Material Contract is a legal,
valid and binding obligation of Allstate and each of the other parties thereto,
enforceable in accordance with its terms, except that the enforcement thereof
may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or
other similar laws now or hereafter in effect relating to creditors' rights
generally and (ii) general principles of equity.

            (c) The consent of, or the delivery of notice to or filing with, any
party to a Material Contract is not required for the execution and delivery by
Allstate of this Agreement or the consummation of the transactions contemplated
under the Agreement.

      5.9 Absence of Certain Changes and Events. Since the date of the Audited
Allstate Balance Sheet, the Company has conducted its business in the ordinary
course consistent with past practice and, since such date, there has not
occurred:

            (a) any event, damage, destruction or loss, whether covered by
insurance or not, which has had or reasonably is expected to have a Material
Adverse Effect on Allstate or its assets;

            (b) any entry by Allstate into a commitment or transaction material
to the Company, which is not in the ordinary course of business consistent with
past practice;

            (c) any change by Allstate in accounting principles, methods or
practices, except insofar as may have been required by a change in GAAP;

            (d) any declaration, payment or setting aside for payment of any
dividends or distributions in respect to shares of Allstate Common Stock, or any
redemption, purchase or other acquisition of any shares of Allstate Common
Stock;

            (e) any cancellation of any debts or waiver or release of any right
or claim of Allstate individually or in the aggregate material to Allstate,
whether or not in the ordinary course of business;

            (f) any revaluations by Allstate of any of its assets or
liabilities, including without limitation, writing-off notes or accounts
receivable;

            (g) any material increase in the rate or terms of compensation
payable or to become payable by Allstate to any of its personnel or consultants;
any bonus, incentive compensation, service award or other benefit granted, made
or accrued, contingently or otherwise, for or to the credit of any Allstate
personnel; employee welfare, pension, retirement, profit-sharing or similar
payment or arrangement made or agreed to by Allstate for any Company personnel
except for contributions in accordance with prior practice made to, and payments
made to employees under, plans and arrangements existing on the date of the
Audited Allstate Balance Sheet;

                                       19
<PAGE>

            (h) any adoption of a plan of liquidation or resolutions providing
for the liquidation, dissolution, merger, consolidation or other reorganization
of Allstate, other than in connection with the transactions contemplated hereby;

            (i) any purchase, acquisition or sale by Allstate of any assets,
other than in the ordinary course of business;

            (j) any amendment, cancellation or termination of any Material
Contract, including, without limitation, license or sublicense, or other
instrument to which Allstate is a party or to which Allstate or any of the
assets of Allstate is bound;

            (k) any failure to pay when due any material obligation of Allstate;

            (l) any failure to operate the business of Allstate in the ordinary
course with an effort to preserve the business intact, to keep available to
Allstate the services of its personnel, and to preserve for Allstate the
goodwill of its customers and others having business relations with Allstate
except for such failures that would not have a Material Adverse Effect on
Allstate;

            (m) any commitment to borrow money entered into by Allstate, or any
loans made or agreed to be made by Allstate, involving more than $100,000
individually or $500,000 in the aggregate (other than credit provided by
suppliers or manufacturers in the ordinary course of the Allstate's business
consistent with past practices);

            (n) any liabilities incurred by Allstate involving $10,000 or more
individually and $25,000 or more in the aggregate, other than liabilities
incurred in the ordinary course of business consistent with past practices;

            (o) any payment, discharge or satisfaction of any material
liabilities of Allstate or any material capital expenditure of Allstate, other
than (i) the payment, discharge or satisfaction in the ordinary course of
business consistent with prior practice of liabilities reflected or reserved
against in the Audited Financial Statements or incurred in the ordinary course
of business consistent with prior practice since the date of the Audited
Allstate Balance Sheet, and (ii) any capital expenditures involving $10,000 or
less individually and $25,000 or less in the aggregate;

            (p) any amendment of Allstate's Articles of Incorporation or
Allstate Bylaws; or

            (q) any agreement by Allstate to do any of the things described in
the preceding clauses (a) through (p) of this Section, other than as expressly
contemplated or provided for in this Agreement.

                                       20
<PAGE>

      5.10 Properties, Assets, Encumbrances; No Undisclosed Liabilities.

            (a) Allstate has good, valid and marketable title to, a valid
leasehold interest in, or valid license rights to, all the properties and assets
which it purports to own, lease or license (real, personal and mixed, tangible
and intangible), including, without, limitation, all the properties and assets
reflected in Allstate Balance Sheet (except for personal property sold since the
date of Allstate Balance Sheet in the ordinary course of business consistent
with past practice), except as would not have a Material Adverse Effect on
Allstate, and such properties and assets are all of the assets (whether tangible
or intangible) that are used or required for use in the operation of its
business as currently or proposed to be conducted. All properties and assets
reflected in the Allstate Balance Sheet are free and clear of all Liens, except
for Liens reflected on the Company Balance Sheet and Liens for current taxes not
yet due and other Liens that do not, individually or in the aggregate,
materially detract from the value or impair the use of the property or assets
subject thereto. Allstate Disclosure Schedule contains a complete and accurate
list of all leases pursuant to which Allstate leases from others material
amounts of real or personal property. Each such lease is in good standing, valid
and effective in accordance with its terms, and there is not under any such
lease, any existing material default or event of default (or event which with
the giving of notice or lapse of time, or both, would constitute a material
default).

            (b) There are no liabilities of Allstate, other than (i) liabilities
disclosed or provided for in Allstate Balance Sheet, or (ii) liabilities
incurred in the ordinary course of business since the date of the Allstate
Balance Sheet and which, if existing, would not have a Material Adverse Effect
on Allstate. There is no probable or reasonably possible loss contingency
(within the meaning of Statement of Financial Accounting Standards No. 5) known
to Allstate, which is not reflected in the Financial Statements (including the
notes thereto).

      5.11 Environmental Matters.

            (a) Allstate is in compliance in all-material respects with all
applicable Environmental Laws (as defined below). Allstate has not received any
communication from a Governmental Entity, citizens group, employee or other
person that alleges that Allstate is not in full compliance with all applicable
Environmental Laws.

            (b) There is no Environmental Claim (as defined below) pending
against Allstate or, to Allstate's knowledge, threatened against any person
whose liability for any Environmental Claim Allstate has or may have retained or
assumed either contractually or by operation of law.

            (c) "Environmental Claim" means any claim, action, cause of action,
investigation or notice by any person alleging potential liability arising out
of, based on or resulting from (i) the presence, or release into the
environment, of any Material of Environmental Concern at any location, whether
or not owned by Allstate, or (ii) circumstances forming the basis of any
violation, or alleged violation, of any Environmental Law.

                                       21
<PAGE>

            (d) "Environmental Laws" means all federal, state, local and foreign
laws and regulations relating to pollution or protection or preservation of
human health or the environment including, without limitation, ambient air,
surface water, ground water, land surface or subsurface strata and natural
resources, and including, without limitation, all laws and regulations relating
to emissions, discharges, releases or threatened releases of Materials of
Environmental Concern, or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, containment (whether above ground or
underground), disposal, transport or handling of Materials of Environmental
Concern, or the preservation of the environment or mitigation of adverse effects
thereon and all laws and regulations with regard to recordkeeping, notification,
disclosure and reporting requirements respecting Materials of Environmental
Concern.

            (e) "Materials of Environmental Concern" means all pollutants,
containments, toxic or hazardous substances, materials and wastes, petroleum and
petroleum products, asbestos and asbestos-containing materials, polychlorinated
biphenyls, radon or lead-based paints and materials.

      5.12 Intellectual Property.

            (a) "Intellectual Property" is defined as all intellectual property
in which Allstate has any right, title, or interest (including a licensed right
other than rights to licensed software that is generally commercially available)
or which has been, is being, or is expected to be used, exploited, or
commercialized by Allstate in the conduct of its business, including but not
limited to all "Patents" (hereinafter defined), all "Marks" (hereinafter
defined), all "Copyrights" (hereinafter defined), and all "Confidential
Information" (hereinafter defined).

                  (1) "Patents" is defined to include all concepts, ideas,
designs, formulas, inventions (whether patentable or not), techniques, all U.S.
and foreign patent applications, and all U.S. and foreign patents.

                  (2) "Marks" is defined to include all words, names, logos,
symbols, trade names, source indicating indicia, trade dress, trademarks, marks,
U.S. and foreign applications to register marks, and U.S. and foreign
registrations.

                  (3) "Copyrights" is defined to include all copyrights, U.S.
and foreign, whether registered or not, all copyright applications, all
copyright registrations, including but not limited to the copyrights in
Allstate's business documents and files, customer documents and files, software,
product designs and packaging, advertising, promotional material, and software
products (whether developed or in development).

                  (4) "Confidential Information" is defined to include, but not
limited to, confidential information, financial information, business trade
secrets, marketing information, financial and technical trade secrets,
techniques, processes, and know-how.

            (b) Allstate Disclosure Schedule contains a complete and accurate
list and description of (i) Intellectual Property which is material to the
business of Allstate; (ii) all patent applications, issued patents, trademark
applications, trademark registrations, copyright applications, and copyright
registrations, (iii) all licenses of Intellectual Property to Allstate (other
than licensed software that is generally commercially available) which are
material to the business of Allstate; and (iv) all licenses and other
agreements, written or not, from Allstate to any third party granting any rights
or interests in the Intellectual Property.

                                       22
<PAGE>

            (c) Except as set forth in Allstate Disclosure Schedule:

                  (1) Allstate is the sole owner, free and clear of any Lien or
encumbrance, and without the payment of any monies or royalty except with
respect to off-the-shelf software, of the Intellectual Property;

                  (2) Allstate has taken, and will continue to take, all actions
which are necessary or advisable to acquire and protect the Intellectual
Property, consistent with prudent commercial practices;

                  (3) Allstate's rights in the Intellectual Property are valid
and enforceable;

                  (4) Allstate has received no demand, claim, notice or inquiry
from any person in respect of the Intellectual Property which challenges,
threatens to challenge or inquires as to whether there is any basis to
challenge, the validity of, the rights of Allstate in, or the right of Allstate
to use, any such Intellectual Property, and Allstate knows of no basis for any
such challenge;

                  (5) Allstate is not in violation or infringement of, and has
not violated or infringed, any proprietary rights of any other person;

                  (6) no person has or is infringing, misappropriating, or
making unauthorized use of any Intellectual Property;

                  (7) except on an arm's-length basis for value and other
commercially reasonable terms, Allstate has not licensed, consented or
acquiesced to the taking or use of any Intellectual Property by any person;

                  (8) all Marks and Copyrights which are material to the
business of Allstate were either (a) authored by regular employees of Allstate
within the scope of their employment and Allstate was thus the original author
pursuant to the work made for hire doctrine, or (b) authored by independent
contractors subject to enforceable non-disclosure and assignment agreements;

                  (9) the execution and consummation of this Agreement will not
adversely impair or impact the value of or the Allstate's future enjoyment and
exploitation of the Intellectual Property;

                  (10) all current or former Allstate personnel, including
partners, directors, officers, employees, agents, consultants and contractors,
who have contributed to or participated in the conception, creation, or
development of any Intellectual Property have executed effective and proper
agreements containing non-disclosure and assignment provisions for the benefit
of Allstate. True and complete copies of these agreements have been delivered to
Allstate. After giving effect to the transactions contemplated herein, no
current or former personnel of Allstate will possess any right, title or
interest in the Intellectual Property; and

                                       23
<PAGE>

                  (11) Allstate is not in breach or violation of any agreement
relating to any Intellectual Property which would materially impair Company's
rights, title, or interest in the Intellectual Property or agreement.

      5.13 Insurance. Allstate Disclosure Schedule contains a true, accurate and
complete list of all policies or binders of fire, liability, title, workers'
compensation and other forms of insurance (showing as to each policy or binder
the carrier, policy number, coverage limits, expiration dates, annual premiums
and a general description of the type of coverage provided) maintained by
Allstate on the business, assets or personnel of Allstate. All of such policies
are sufficient for compliance with all requirements of all contracts to which
Allstate is a party and all state, federal, local or foreign laws, rules and
regulations applicable to Allstate. Allstate has paid all premiums due on such
insurance policies and is in compliance with and not in default under any of
such policies or binders. Allstate has not failed to give any notice or to
present any claim under any such policy or binder in a due and timely fashion
when the effect of such default or such failure would be to render a material
claim uninsured. Allstate has not received any notice from any insurer advising
of reduced coverage or increased premiums on existing policies or binders. There
are no outstanding unpaid claims under any such policies or binders. Such
policies and binders are in full force and effect, and Allstate has delivered
true and correct copies of such policies and binders to the Company.

      5.14 Equipment. All of the tangible personal property of Allstate that is
material, either individually or in the aggregate, to the operation of
Allstate's business is in good working order, operating condition and state of
repair, ordinary wear and tear excepted.

      5.15 Interested Party Transactions. No stockholder, officer or director of
Allstate, or any person with whom any such stockholder, officer or director has
any direct or indirect relation by blood, marriage or adoption, or any entity in
which any such person owns any beneficial interest (other than a publicly-held
corporation whose stock is traded on a national securities exchange or in the
over-the-counter market and less than 1% of the stock of which is beneficially
owned by all of such persons), has any interest in (i) to Allstate's knowledge,
any contract, arrangement or understanding with, or relating to, the business or
operations of Allstate that could reasonably be expected to result in a
liability or obligation of Allstate, (ii) any loan, arrangement, understanding,
agreement or contract for or relating to indebtedness with Allstate, (iii) any
material property (real, personal or mixed), tangible or intangible, used or
currently intended to be used in the business or operations of Allstate, (iv) to
Allstate's knowledge, any business or entity that competes with Allstate, or (v)
to Allstate's knowledge, any other transaction that would be required to be
reported as a Certain Relationship or Related Transaction, pursuant to Item 404,
or any other provisions of, Regulation S-B promulgated by the SEC, if Allstate
filed such reports.

      5.16 Change of Control Agreements. Allstate has no plans, programs or
agreements to which it is a party, or to which it is subject, pursuant to which
payments (or acceleration of benefits) may be required upon, or may become
payable directly or indirectly as a result of, any change of control of
Allstate.

      5.17 Books and Records. The books of account, minute books (including,
without limitation, all actions of the shareholders of Allstate, the board of
directors of the Company and all committees of the board of directors of
Allstate) stock record books and other records of Allstate are complete and
correct in all material respects and have been maintained in accordance with
sound business practices, including an adequate system of internal controls,
except for such failures with respect thereto as do not have a Material Adverse
Effect on Allstate.

                                       24
<PAGE>

      5.18 Brokers. Except as described in Allstate Disclosure Schedule, no
broker, finder or investment banker is entitled to any brokerage, finder's or
other fee or commission in connection with the transactions contemplated by this
Agreement based upon arrangements made by or on behalf of Allstate.

      5.19 Disclosure. The representations and warranties of Allstate herein, or
in any document, exhibit, statement, certificate or schedule furnished by or on
behalf of Allstate as required by this Agreement, do not contain and will not
contain any untrue statement of a material fact and do not omit and will not
omit to state any material fact necessary in order to make the statements herein
or therein, in light of the circumstances under which they were made, not
misleading. There are no material facts or circumstances relating to Allstate
which have not been disclosed herein.

      5.20 Ownership of Shares. Allstate Shareholder is the sole record and
beneficial owner of the Allstate Shares, which constitute all of the issued and
outstanding shares of the Allstate's Common Stock and the Allstate Shares are
not subject to any encumbrance, any rights of first refusal of any kind,
options, preemptive rights, voting arrangements or other rights of third parties
to acquire any of such shares. Allstate has good and valid title to, and has the
unrestricted (except for restrictions imposed generally under applicable federal
and state securities laws) right to transfer and sell such Allstate's shares of
Allstate Common Stock to Company in accordance with the terms of this Agreement.

      5.21 Authority. Allstate and Allstate Shareholder each have the power and
authority to enter into and to perform their respective obligations under this
Agreement and each of the agreements, certificates and documents required to be
delivered by Allstate and Allstate Shareholder pursuant to the terms of this
Agreement. The execution, delivery and performance of this Agreement, and the
consummation of the transactions contemplated hereby, have been duly authorized
by all necessary action on the part of Allstate. The Agreement constitutes the
legal, valid and binding obligation of Allstate and the Allstate Shareholder,
enforceable against Allstate in accordance with its terms, subject to the
effect, if any, of (a) applicable bankruptcy and other similar laws affecting
the rights of creditors generally and (b) rules of law and equity governing
specific performance, injunctive relief and other equitable remedies.

      5.22 Conflicts. Neither the execution and delivery by Allstate and the
Allstate Shareholder of this Agreement nor the performance by Allstate of its
obligations hereunder will conflict with any contract, agreement or arrangement
(whether or not in writing) to which Allstate or Allstate Shareholder is a party
or any law, rule, regulation, order or injunction applicable to Allstate or the
Allstate Shareholder. There are no legal proceedings pending or, to the best
knowledge of Allstate and the Allstate Shareholder, threatened against Allstate
or the Allstate Shareholder that would prevent the consummation of the
transactions contemplated by this Agreement. No consent, notice or approval is
required of any person in connection with Allstate's and the Allstate
Shareholder's execution, delivery and performance of this Agreement or the
consummation of the transactions contemplated hereby.

                                       25
<PAGE>

      5.23 Investment Representations.

            (a) Disclosure of Information. Allstate Shareholder has had an
opportunity to ask questions and receive answers from Company's management
regarding the business, properties, prospects and financial condition of the
Company. Allstate Shareholder is aware of the risks of investing in the Company
and of holding securities in companies whose stock is traded on the OTC Bulletin
Board.

            (b) Accredited Investor. Allstate Shareholder is an "accredited
investor" as that term is defined in Rule 501(a) of Regulation D promulgated
under the Securities Act. Allstate is experienced in evaluating and investing in
securities of companies in a similar stage of development to the Company and has
sufficient knowledge and experience in financial and business matters to assess
the relative merits and risks of an investment in the Company, and can bear the
economic risk of this investment.

            (c) Purchase Entirely for Own Account. This Agreement is made with
the Company, Allstate Shareholder and Allstate in part in reliance upon Allstate
Shareholder's representation to the Company, which by Allstate Shareholders
execution of this Agreement Allstate Shareholder hereby confirms, that the
Company Shares to be acquired by Allstate Shareholder will be acquired for
investment for Allstate Shareholder's own account, not as a nominee or agent,
and not with a view to the resale or distribution of any part thereof (other
than in accordance with applicable securities laws), and that Allstate
Shareholder has no present intention of selling, granting any participation in,
or otherwise distributing the same except to an entity which is owned or
controlled by Allstate Shareholder and which is an accredited investor. By
executing this Agreement, Allstate Shareholder further represents that it does
not presently have any contract, undertaking, agreement or arrangement with any
person to sell, transfer or grant participation to such person or to any third
person, with respect to any of the Company Shares.

      5.24 Restricted Securities. Allstate Shareholder understands that the
Company Shares have not been, and will not be, registered under the Securities
Act by reason of a specific exemption from the registration provisions of the
Securities Act which depends upon, among other things, the bona fide nature of
the investment intent and the accuracy of Allstate Shareholder's representations
as expressed herein. Allstate Shareholder understands that the Company Shares to
be received by Allstate Shareholder are "restricted securities" under applicable
U.S. federal and state securities laws and regulations, and that pursuant to
these laws, Allstate Shareholder must hold the Company Shares indefinitely
unless they are registered with the Securities and Exchange Commission and
qualified by state authorities or an exemption from such registration and
qualification requirements is available. Allstate Shareholder acknowledges that
the Company has no obligation to register or qualify the Company Shares for
resale. Allstate Shareholder further acknowledges that if an exemption from
registration or qualification is available, it may be conditioned on various
requirements including, but not limited to, the time and manner of sale, the
holding period for the Company Shares, and requirements relating to Company
which are outside of the Allstate Shareholder's control and which the Company is
under no obligation, and may not be able, to satisfy.

                                       26
<PAGE>

      5.25 Legends. It is understood that the Company Shares, and any securities
issued in respect thereof or exchange therefore, may bear the following legend
or a legend of similar import and any legend required by the Blue Sky laws of
any state of the United States to the extent such laws are applicable to the
shares represented by the certificate so legended:

            "THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
            UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS AND
            MAY NOT BE SOLD OR OTHERWISE DISTRIBUTED WITHOUT AN EFFECTIVE
            REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A
            FORM REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS
            NOT REQUIRED UNDER SUCH ACT AND LAWS."

                                   ARTICLE VI

                              PRE-CLOSING COVENANTS

      6.1 Operation of Company.

            (a) Except as specifically provided in this Agreement, between the
date of this Agreement and the Closing Date, Company shall:

                  (i) maintain its books of account and records in the usual and
            ordinary manner, and in conformity with its past practices;

                  (ii) pay accounts payable and other obligations when they
            become due and payable in the ordinary course of business consistent
            with past practices except to the extent disputed in good faith;

                  (iii) conduct its business in the ordinary course consistent
            with past practices, or as required by this Agreement;

                  (iv) pay all taxes when due and file all Company Tax Returns
            on or before the due date therefor except to the extent disputed in
            good faith;

                  (v) make appropriate provisions in its books of account and
            records for taxes relating to its operations during such period
            (regardless of whether such taxes are required to be reflected in a
            tax return having a due date on or prior to the Closing Date);

                  (vi) withhold all taxes required to be withheld and remitted
            by or on behalf of Company in connection with amounts paid or owing
            to any Company personnel or other person, and pay such taxes to the
            proper governmental authority or set aside such taxes in accounts
            for such purpose;

                                       27
<PAGE>

                  (vii) make all required filings on a timely basis with the SEC
            or any other state, federal or local regulatory body, including,
            without limitation, making all filings under the Exchange Act, on a
            timely basis so as to maintain Company's status as a reporting
            Company in good standing under the Exchange Act; and

                  (viii) comply with the listing requirements of, and take all
            steps reasonably necessary to maintain Company's listing on, the OTC
            Bulletin Board.

            (b) Without the prior written consent of the Allstate and except as
contemplated by this Agreement, between the date of this Agreement and the
Closing Date (or termination of this Agreement), Company shall not:

                  (i) grant any increase in the compensation payable, or to
            become payable, to any Company personnel or enter into any bonus,
            insurance, pension, severance, change-in-control or other benefit
            plan, payment, agreement or arrangement for or with any Company
            personnel, except as consistent with past practices in the ordinary
            course of business;

                  (ii) borrow or agree to borrow any funds, incur any
            indebtedness or directly or indirectly guarantee or agree to
            guarantee the obligations of others, or draw or borrow on any lines
            of credit that may be available to Company;

                  (iii) except as contemplated by this Agreement, issue or
            promise to issue any capital stock or any options, warrants or other
            rights to subscribe for or purchase any capital stock or any
            securities convertible into or exchangeable or exercisable for, or
            rights to purchase or otherwise acquire, any shares of the capital
            stock of Company;

                  (iv) declare or pay any dividends on or make any other
            distributions (whether in cash, stock or property) in respect of any
            of its capital stock, or split, combine or reclassify any of its
            capital stock or issue or authorize the issuance of any other
            securities in respect of, in lieu of or in substitution for shares
            of its capital stock, or repurchase or otherwise acquire, directly
            or indirectly, any shares of its capital stock;

                  (v) enter into any material contract or commitment, or amend
            or otherwise modify or waive any of the terms of any of its material
            contracts, other than in the ordinary course of business consistent
            with past practice, or violate or terminate any such material
            contracts;

                  (vi) transfer, assign or license to any person or entity any
            rights to its intellectual property other than in the ordinary
            course of business consistent with past practice;

                                       28
<PAGE>

                  (vii) enter into or amend any agreements pursuant to which any
            other party is granted exclusive marketing or other exclusive rights
            of any type or scope with respect to any of its products or
            intellectual property;

                  (viii) adopt or amend any employee benefit or stock purchase
            or option plan;

                  (ix) except as may be required or reasonably necessary in
            order to complete the transactions contemplated by this Agreement,
            agree to borrow any funds, incur any indebtedness or directly or
            indirectly guarantee or agree to guarantee the obligations of
            others, or draw or borrow on any lines of credit that may be
            available to Company;

                  (x) place or allow to be placed a lien or encumbrance on any
            of the assets of Company;

                  (xi) pay, discharge or satisfy in an amount in excess of
            $5,000 in any one case or $30,000 in the aggregate, any claim,
            liability or obligation (absolute, accrued, asserted or unasserted,
            contingent or otherwise) arising other than in the ordinary course
            of business, other than the payment, discharge or satisfaction of
            liabilities reflected or reserved against in Company's financial
            statements;

                  (xii) make any capital expenditures, capital additions or
            capital improvements except in the ordinary course of business and
            consistent with past practice;

                  (xiii) materially reduce the amount of any material insurance
            coverage provided by existing insurance policies;

                  (xiv) terminate or waive any right of substantial value;

                  (xv) commence a lawsuit other than (1) for the routine
            collection of bills, (2) in such cases where it in good faith
            determines that failure to commence suit would result in the
            material impairment of a valuable aspect of its business, provided
            that it consults with Allstate prior to the filing of such a suit,
            or (3) for a breach of this Agreement;

                  (xvi) sell, lease, license or otherwise dispose of or encumber
            any of its properties or assets which are material, individually or
            in the aggregate, to its business, except in the ordinary course of
            business consistent with past practice;

                  (xvii) commit any act or omit to do any act which will cause a
            breach of this Agreement or any other material agreement, contract,
            lease or commitment to which Company is party;

                  (xviii) violate any law or governmental approval, including,
            without limitation any federal or state securities laws;

                                       29
<PAGE>

                  (xix) make any loan, advance, distribution or payment of any
            type or to any Person other than as contemplated by this Agreement;

                  (xx) amend its Articles of Incorporation or Bylaws;

                  (xxi) except as contemplated by this Agreement, consolidate
            with, or agree to merge or consolidate with, or purchase
            substantially all of the assets of, or otherwise acquire any
            business or any Person or division thereof;

                  (xxii) make any tax election or settle or compromise any tax
            liability other than in the ordinary course of business consistent
            with past practices;

                  (xxiii) lease or purchase or agree to lease or purchase any
            assets or properties;

                  (xxiv) take, or agree in writing or otherwise to take, any
            action which would make any of its representations or warranties
            contained in this Agreement untrue or incorrect in any material
            respect or prevent it from performing or cause it not to perform its
            covenants hereunder in any material respect; or

                  (xxv) take any action or series of actions that results in or
            is likely to result in (i) the delisting of the Company Common Stock
            from trading on the OTC Bulletin Board, or (ii) Company losing its
            status as a reporting Company in good standing under the Exchange
            Act.

      6.2 Operation of Allstate.

            (a) Except as specifically provided in this Agreement, between the
date of this Agreement and the Closing Date, Allstate shall:

                  (i) maintain its books of account and records in the usual and
            ordinary manner, and in conformity with its past practices;

                  (ii) pay accounts payable and other obligations when they
            become due and payable in the ordinary course of business consistent
            with past practices except to the extent disputed in good faith;

                  (iii) conduct its business, if any, in the ordinary course
            consistent with past practices, or as required by this Agreement;

                  (iv) pay all taxes when due and file all required Tax Returns
            on or before the due date therefor except to the extent disputed in
            good faith;

                  (v) make appropriate provisions in its books of account and
            records for taxes relating to its operations during such period
            (regardless of whether such taxes are required to be reflected in a
            tax return having a due date on or prior to the Closing Date); and

                                       30
<PAGE>

                  (vi) withhold all taxes required to be withheld and remitted
            by or on behalf of Allstate in connection with amounts paid or owing
            to any Allstate personnel or other person, and pay such taxes to the
            proper governmental authority or set aside such taxes in accounts
            for such purpose.

            (b) Without the prior written consent of Company, between the date
of this Agreement and the Closing Date (or termination of this Agreement), the
Allstate shall not:

                  (i) issue or promise to issue any capital stock or any
            options, warrants or other rights to subscribe for or purchase any
            capital stock or any securities convertible into or exchangeable or
            exercisable for, or rights to purchase or otherwise acquire, any
            shares of the capital stock of Allstate;

                  (ii) declare or pay any dividends on or make any other
            distributions (whether in cash, stock or property) in respect of any
            of its capital stock, or split, combine or reclassify any of its
            capital stock or issue or authorize the issuance of any other
            securities in respect of, in lieu of or in substitution for shares
            of its capital stock, or repurchase or otherwise acquire, directly
            or indirectly, any shares of its capital stock;

                  (iii) enter into any material contract or commitment, or amend
            or otherwise modify or waive any of the terms of any of its material
            contracts, other than in the ordinary course of business consistent
            with past practice, or violate or terminate any such material
            contracts;

                  (iv) transfer, assign or license to any person or entity any
            rights to its intellectual property other than in the ordinary
            course of business consistent with past practice;

                  (v) enter into or amend any agreements pursuant to which any
            other party is granted exclusive marketing or other exclusive rights
            of any type or scope with respect to any of its products or
            intellectual property;

                  (vi) adopt or amend any employee benefit or stock purchase or
            option plan;

                  (vii) except as may be required or reasonably necessary in
            order to complete the transactions contemplated by this Agreement,
            agree to borrow any funds, incur any indebtedness or directly or
            indirectly guarantee or agree to guarantee the obligations of
            others, or draw or borrow on any lines of credit that may be
            available to Allstate;

                  (viii) place or allow to be placed a lien or encumbrance on
            any of the assets of the Company;

                  (ix) pay, discharge or satisfy in an amount in excess of
            $5,000 in any one case or $30,000 in the aggregate, any claim,
            liability or obligation (absolute, accrued, asserted or unasserted,
            contingent or otherwise) arising other than in the ordinary course
            of business, other than the payment, discharge or satisfaction of
            liabilities reflected or reserved against in the Company's financial
            statements;

                                       31
<PAGE>

                  (x) make any capital expenditures, capital additions or
            capital improvements except in the ordinary course of business and
            consistent with past practice;

                  (xi) materially reduce the amount of any material insurance
            coverage provided by existing insurance policies;

                  (xii) terminate or waive any right of substantial value;

                  (xiii) commence a lawsuit other than (1) for the routine
            collection of bills, (2) in such cases where it in good faith
            determines that failure to commence suit would result in the
            material impairment of a valuable aspect of its business, provided
            that it consults with Company prior to the filing of such a suit, or
            (3) for a breach of this Agreement;

                  (xiv) sell, lease, license or otherwise dispose of or encumber
            any of its properties or assets which are material, individually or
            in the aggregate, to its business, except in the ordinary course of
            business consistent with past practice;

                  (xv) commit any act or omit to do any act which will cause a
            breach of this Agreement or any other material agreement, contract,
            lease or commitment to which the Company is party;

                  (xvi) violate any law or governmental approval, including,
            without limitation any federal or state securities laws;

                  (xvii) make any loan, advance, distribution or payment of any
            type or to any Person other than as contemplated by this Agreement;

                  (xviii) amend its Articles of Incorporation or Bylaws;

                  (xix) except as contemplated by this Agreement, consolidate
            with, or agree to merge or consolidate with, or purchase
            substantially all of the assets of, or otherwise acquire any
            business or any Person or division thereof;

                  (xx) make any tax election or settle or compromise any tax
            liability other than in the ordinary course of business consistent
            with past practices;

                  (xxi) lease or purchase or agree to lease or purchase any
            assets or properties; or

                  (xxii) take, or agree in writing or otherwise to take, any
            action which would make any of its representations or warranties
            contained in this Agreement untrue or incorrect in any material
            respect or prevent it from performing or cause it not to perform its
            covenants hereunder in any material respect.

                                       32
<PAGE>

                                   ARTICLE VII

                              ADDITIONAL AGREEMENTS

      7.1 Access to Information.

            (a) From the date hereof to the Closing Date, Company shall afford,
and shall cause its officers, directors, employees, representatives and agents
to afford, to Allstate and to the officers, employees and agents of Allstate
reasonable access during normal business hours to the Company's officers,
employees, agents, representatives, properties, books, records and contracts,
and shall furnish to Allstate all financial, operating and other data and
information as Allstate, through its agents, officers, employees or other
representatives, may reasonably request.

            (b) From the date hereof to the Closing Date, Allstate shall afford,
and shall cause its officers, directors, employees, representatives and agents
to afford, to the Company and to the officers, employees and agents of the
Company reasonable access during normal business hours to Allstate's officers,
employees, agents, representatives, properties, books, records and contracts,
and shall furnish to the Company all financial, operating and other data and
information as the Company, through its agents, officers, employees or other
representatives, may reasonably request.

            (c) No investigation pursuant to Section 8.1(a) shall affect any
representations or warranties of the Parties herein or the conditions to the
obligations of the Parties.

      7.2 Expenses and Taxes. Each of the Parties shall pay their respective
costs incurred in connection with the preparation, negotiation, execution and
delivery of this Agreement and the consummation of the transactions contemplated
hereby, including, without limitation, the fees of the attorneys, accountants
and advisors.

      7.3 News Releases. Except as otherwise required by law or the rules of the
SEC or NASD, so long as this Agreement is in effect, Company will not permit any
of their respective affiliates or representatives to, issue or cause the
publication of any press release or make any other public announcement with
respect to the transactions contemplated by this Agreement without the consent
of the other party, which consent shall not be unreasonably withheld or delayed.
Subject to the foregoing, the Company and Allstate will cooperate with each
other in the development and distribution of all press releases and other public
announcements with respect to this Agreement and the transactions contemplated
hereby, and will furnish the other with drafts of any such releases and
announcements as far in advance as reasonably possible.

                                       33
<PAGE>

      7.4 Additional Agreements. Subject to the terms and conditions of this
Agreement, each Party agrees to use all reasonable efforts to take, or cause to
be taken, all action and to do, or cause to be done, all things necessary,
proper or advisable under applicable law to consummate and make effective the
transactions contemplated by this Agreement. If at any time after the Closing
Date any further action is necessary or desirable to carry out the purposes of
this Agreement, the proper officers and directors of each such corporation shall
take all such necessary or desirable action.

      7.5 Notification of Certain Matters.

            (a) The Company shall give prompt notice to Allstate and Allstate
Shareholder of any material inaccuracy in any representation or warranty made by
it herein, or any material failure of the Company to comply with or satisfy any
covenant, condition or agreement to be complied with or satisfied by the Company
under this Agreement; provided, however, that no such notification shall affect
the representations or warranties or covenants or agreements of the Company or
the conditions to the obligations of the Company hereunder.

            (b) Allstate and Allstate Shareholder shall give prompt notice to
the Company of any material inaccuracy in any representation or warranty made by
it herein, or any material failure of Allstate or Allstate Shareholder to comply
with or satisfy any covenant, condition or agreement to be complied with or
satisfied by it under this Agreement; provided, however, that no such
notification shall affect the representations or warranties or covenants or
agreements of Allstate or the Allstate shareholder or the conditions to the
obligations of Allstate or the Allstate Shareholder hereunder.

            (c) The Company and Allstate Shareholder and Allstate shall each
promptly advise the other orally and in writing of any change or event having,
or which, insofar as can reasonably be foreseen, in the future would have, a
Material Adverse Effect or any adverse effect on the right or ability of any
Party to enter into and complete the transactions contemplated hereby.

      7.6 Confidentiality.

            (a) Each Party shall hold, and shall cause its officers, employees,
agents and representatives, including, without limitation, attorneys,
accountants, consultants and financial advisors who obtain such information to
hold, in confidence, and not use for any purpose other than evaluating the
transactions contemplated by this Agreement, any confidential information of
another Party obtained through the investigations permitted hereunder, which for
the purposes hereof shall not include any information which (i) is or becomes
generally available to the public other than as a result of disclosure by a
Party or one of its affiliates in violation of its obligations under this
subsection, (ii) becomes available to a Party on a nonconfidential basis from a
source, other than the Party which alleges the information is confidential or
its affiliates, which has represented that such source is entitled to disclose
it, or (iii) was known to a Party on a nonconfidential basis prior to its
disclosure to such Party hereunder. If this Agreement is terminated, at the
request of a Party, the other Party shall deliver, and cause its officers,
employees, agents, and representatives, including, without limitation,
attorneys, accountants, consultants and financial advisors who obtain
confidential information of the requesting Party pursuant to investigations
permitted hereunder, to deliver to the requesting Party all such confidential
information that is written (including copies or extracts thereof).

                                       34
<PAGE>

            (b) If a Party or a Person to whom a Party transmits confidential
information of another Party is requested or becomes legally compelled (by oral
questions, interrogatories, requests for information or documents, subpoena,
criminal or civil investigative demand or similar process) to disclose any of
such confidential information, such Party or other Person will provide the other
Party with prompt written notice so that such Party may seek a protective order
or other appropriate remedy or waive compliance with Section 8.6(a). If such
protective order or other remedy is not obtained, or if the applicable Party
waives compliance with Section 8.6(a), the Party or Person subject to the
request will furnish only that portion of such confidential information which is
legally required and will exercise reasonable efforts to obtain reliable
assurance that confidential treatment will be accorded such confidential
information.

      7.7 Consents and Filings. The Parties shall, promptly after execution of
this Agreement, make all required filings and submissions with respect to the
transactions contemplated by this Agreement. Each Party will take all reasonable
actions to obtain any other consent, authorization, order or approval of, or any
exemption by, any Person required to be obtained or made in connection with the
transactions contemplated by this Agreement. Each Party will cooperate with and
promptly furnish information to the other Party in connection with obtaining
such consents or making any such filings and will promptly furnish to the other
Party a copy of all filings made with a governmental authority.

      7.8 Company SEC Filings. Between the date hereof and the Closing Date,
Allstate shall cooperate with the Company in connection with the preparation and
filing of, and provide to the Company for inclusion or incorporation by
reference in, any reports or filings to be filed by Company with the Commission
(the "Company Filings"). Without limiting the foregoing, Allstate shall take all
commercially reasonable actions requested by Company to enable Company to
include or incorporate by reference in the Company Filings any Financial
Statement of Company, including, without limitation, any auditors' report
thereon. Allstate agrees that (i) at least three (3) business days prior to
filing, Allstate shall furnish the Company copies of all proposed Company
Filings relating to, disclosing or describing the transactions contemplated by
this Agreement, and (ii) it shall not make any Company Filing described in the
immediately preceding clause (i) without the prior consent of Allstate, which
shall not be unreasonably withheld, conditioned or delayed.

      7.9 Tax-Free Reorganization. The Parties intend that the transaction will
qualify as a reorganization within the meaning of Section 368(a) of the Code.
The Company and Allstate shall each use its reasonable best efforts to cause the
transactions to so qualify. Neither the Company nor Allstate shall knowingly
take any action, or knowingly fail to take any action that would be reasonably
likely to jeopardize the qualification of the transaction as a reorganization
within the meaning of Section 368(a) of the Code. The Company and Allstate
acknowledge, however, that no Party hereto has made any representation or
warranty to the other with respect to the treatment of such transaction or the
effect thereof under the applicable tax laws, regulations or interpretations;
and that no attorney's opinion or private revenue ruling has been obtained with
respect to the effects thereof under the Code.

                                       35
<PAGE>

                                  ARTICLE VIII

                  CLOSING DELIVERIES AND CONDITIONS TO CLOSING

      8.1 Documents to be Delivered by Company. At the Closing, Company shall
deliver to Allstate the following:

            (a) A certificate of the Secretary of Company dated the Closing Date
as to (i) the corporate actions taken by Company and its board of directors to
authorize the transactions contemplated hereby, and (ii) the incumbency and
signatures of the officers of Company executing this Agreement and the other
agreements, instruments and other documents executed by or on behalf of Company
pursuant to this Agreement or otherwise in connection with the transactions
contemplated hereby;

            (b) A certificate, executed by an officer of Company, certifying
that all representations, warranties and covenants herein are true and correct
as of the Closing Date. The delivery of such certificate shall constitute a
representation and warranty of Company as to the statements set forth therein;

            (c) A copy of the resolutions adopted by the Board of Directors of
Company (i) authorizing the execution and delivery of this Agreement and the
performance by Company of its obligations hereunder, (ii) electing the person
designated by the Company as a director of Company effective as of the Closing
Date, (iii) electing the persons designated by the Company as directors of
Company effective ten (10) days after the filing with the SEC of an Information
Statement pursuant to Section 14(f) of the Exchange Act (the "Section 14(f)
Information Statement") and distribution thereof to the Company shareholders,
and (iv) electing the persons designated by the Company as officers of Company
effective as of the Closing Date, certified by its Secretary;

            (d) A certificate of good standing of Company from the Secretary of
State of Delaware dated as of the most recent practicable date;

            (e) A current report on Form 8-K disclosing the completion of the
transactions contemplated by this Agreement which has been approved by all
Parties and Company's auditors and is ready for filing with the SEC;

            (f) Such other customary certificates or documents as may be
reasonably required by Allstate or the Allstate Shareholder.

      8.2 Documents to be Delivered by Allstate and Allstate Shareholder. At the
Closing, Allstate shall deliver to the Company the following:

            (a) A certificate of the Secretary and President of Allstate, dated
the Closing Date, in form and substance reasonably satisfactory to the Company
as to (i) the corporate actions taken by Allstate and its board of directors to
authorize the transactions contemplated hereby, and (ii) the incumbency and
signatures of the officers of Allstate executing this Agreement and the other
agreements, instruments and other documents executed by or on behalf of Allstate
pursuant to this Agreement or otherwise in connection with the transactions
contemplated hereby;

                                       36
<PAGE>

            (b) A certificate, executed by the President and Chief Financial
Officer of the Allstate, in such detail as the Company shall reasonably request,
certifying that all representations, warranties and covenants herein are true
and correct as of the Closing Date. The delivery of such certificate shall
constitute a representation and warranty of Allstate as to the statements set
forth therein;

            (c) A copy of the resolutions adopted by the Board of Directors of
Allstate authorizing the execution and delivery of this Agreement and the
performance by Allstate of its obligations hereunder, certified by the Secretary
and President of Allstate; and

            (d) A certificate of good standing of Allstate from the Secretary of
State of California dated as of the most recent practicable date;

            (e) Such other customary certificates or documents as may be
reasonably required by the Company.

      8.3 Documents to be Delivered by each Party. At the Closing, the Company
shall deliver to Allstate Stockholder a stock certificate representing the
Company Shares, together with such letters of transmittal, stock powers and
other documents as are necessary to effect the transfer thereof to Allstate.
Allstate Stockholder shall deliver to the Company a stock certificate
representing the Allstate Shares, together with such letters of transmittal,
stock powers duly endorsed and other documents as are necessary to effect the
transfer thereof to the Company.

      8.4 Conditions to Obligations of Each Party. Each Party's obligations to
consummate the transactions contemplated by this Agreement is subject to the
satisfaction or waiver at or prior to the Closing, of each of the following
conditions:

            (a) No temporary restraining order, preliminary or permanent
injunction or other order issued by any governmental authority or other material
legal restraint or prohibition issued or promulgated by a governmental authority
preventing the consummation of the transactions contemplated by this Agreement
shall be in effect or shall be threatened, and there shall not be any law or
regulation enacted or deemed applicable to the transactions contemplated by this
Agreement that makes consummation of such transactions illegal.

      8.5 Conditions to Obligations of the Company. The obligation of the
Company to consummate the transactions contemplated by this Agreement are
subject to the satisfaction or waiver, at or prior to the Closing, of each of
the following conditions:

            (a) Each of the representations and warranties of the Allstate and
the Allstate Shareholder set forth in this Agreement (i) that are not qualified
by materiality must have been true and correct in all material respects as of
the Closing Date, and (ii) that are qualified by materiality must have been true
and correct as of the Closing Date; except, in each case, for inaccuracies that
would not individually or in the aggregate have a Material Adverse Effect on
either party.

                                       37
<PAGE>

            (b) All of the obligations, covenants and agreements with which
Allstate and the Allstate Shareholder are required to comply or that the Company
is required to perform under this Agreement at or prior to the Closing shall
have been complied with and performed in all material respects.

            (c) The documents required to be delivered by the Allstate and the
Allstate Shareholder pursuant to this Agreement shall have been delivered
simultaneously with the Closing.

      8.6 Conditions to Obligations of Allstate. The obligation of Allstate to
consummate the transactions contemplated by this Agreement are subject to the
satisfaction or waiver, at or prior to the Closing, of each of the following
conditions:

            (a) Each of the representations and warranties of Company set forth
in this Agreement (i) that are not qualified by materiality must have been true
and correct in all material respects as of the Closing Date, and (ii) that are
qualified by materiality must have been true and correct as of the Closing Date;
except, in each case, for inaccuracies that would not individually or in the
aggregate have a Material Adverse Effect on either Party.

            (b) All of the obligations, covenants and agreements with which
Company is required to comply or that Company is required to perform under this
Agreement at or prior to the Closing shall have been complied with and performed
in all material respects.

            (c) The documents required to be delivered by Company pursuant to
this Agreement shall have been delivered simultaneously with the Closing.

                                   ARTICLE IX

                                   TERMINATION

      9.1 Termination. This Agreement may be terminated at any time prior to the
Closing Date:

            (a) by mutual written consent of the Parties at any time prior to
the Closing;

            (b) by the Company in the event of a material breach by Allstate or
the Allstate Shareholder of any provision of this Agreement for which written
notice has been given to the Allstate and which breach has not been cured prior
to the earlier of (i) the Termination Date or (ii) thirty (30) days following
notice of such breach; provided, however that the right to terminate this
Agreement under this Section shall not be available to Company if Company has
materially breached any provision of this Agreement and such breach remains
uncured;

            (c) by Allstate in the event of a material breach by Company of any
provision of this Agreement which breach has not been cured prior to the
Termination Date; provided, however, that the right to terminate this Agreement
under this Section shall not be available to the Allstate if Allstate has
materially breached any provision of this Agreement and such breach remains
uncured;

                                       38
<PAGE>

            (d) by Allstate if the Closing shall not have occurred by July 29,
2006 (the "Termination Date"); provided, however, the right to terminate this
Agreement under this Section shall not be available to any Party whose failure
to fulfill any obligation hereunder has been the cause of, or results in, the
failure of the Closing to have occurred on or before the Termination Date;

      9.2 Effect of Termination. Except for the provisions of Sections____ and
the provisions of Article X hereof, each of which shall survive any termination
of this Agreement, in the event of termination of this Agreement pursuant to
this Agreement, this Agreement shall forthwith become void and of no further
force and effect and the Parties shall be released from any and all obligations
hereunder; provided, however, that termination of this Agreement shall not
relieve any Party from liability for the breach of any of its obligations
hereunder.

                                    ARTICLE X

                                 INDEMNIFICATION

      10.1 Survival of Representations and Warranties. All representations and
warranties of the Company, Allstate Shareholder and Allstate contained herein or
in any document, certificate or other instrument required to be delivered
hereunder in connection with the transactions contemplated hereby shall survive
the Closing for the period ending on the date that is (12) months after the
Closing Date. No claim for indemnification for breach of a representation or
warranty may be commenced after the period of survival of such representation or
warranty, provided, however, that claims made within the applicable time period
shall survive to the extent of such claim until such claim is finally determined
and, if applicable, paid.

      10.2 Indemnification.

            (a) Company agrees to indemnify, defend and hold harmless Allstate
and Allstate Shareholder from and against any and all demands, claims, actions
or causes of action, assessments, losses, damages, liabilities, costs and
expenses, including interest, penalties and reasonable attorneys' fees and
expenses (collectively "Damages") asserted against, resulting to, imposed upon
or incurred by Allstate, directly or indirectly, by reason of or resulting from
(i) any breach by the Company of this Agreement, or (ii) any inaccuracy in or
breach of any of the representations, warranties, covenants or agreements made
by the Company in this Agreement.

            (b) Allstate and the Allstate Shareholder each agree to indemnify,
defend and hold harmless Company from and against any and all demands, claims,
actions or causes of action, assessments, losses, damages, liabilities, costs
and expenses, including interest, penalties and reasonable attorneys' fees and
expenses (collectively "Damages") asserted against, resulting to, imposed upon
or incurred by the Company , directly or indirectly, by reason of or resulting
from (i) any breach by Allstate or Allstate Shareholder of this Agreement, or
(ii) any inaccuracy in or breach of any of the representations, warranties,
covenants or agreements made by Allstate or Allstate Shareholder in this
Agreement.

                                       39
<PAGE>

      10.3 Claims. Whenever any claim shall arise for indemnification hereunder
(a "Claim"), the party entitled to indemnification (the "Indemnified Party")
shall promptly give written notice to the party obligated to provide indemnity
(the "Indemnifying Party") of the nature and extent of such Claim and the
Damages incurred by it. If the Damages are liquidated in amount, the notice
shall so state, and such amount shall be deemed the amount of such Claim of the
Indemnified Party against the Indemnifying Party. If the amount is not
liquidated, the notice shall so state and, in such event, such Claim shall be
deemed asserted against the Indemnifying Party but no payment or satisfaction
shall be made on account thereof until the amount of such claim is liquidated.

            If the Indemnifying Party shall not, within thirty (30) days after
the giving of such notice by the Indemnified Party, notify the Indemnified Party
in accordance herewith that the Indemnifying Party disputes the right of the
Indemnified Party to indemnity in respect of such Claim, then any such Claim
shall be paid or satisfied as follows: (i) if said Claim is liquidated, then
payment of such Claim to the Indemnified Party shall be made by the Indemnifying
Party at the end of such period; or (ii) if the amount of such Claim is
unliquidated at the time notice is originally given to the Indemnifying Party,
the Indemnified Party shall give a second notice to the Indemnifying Party when
the liquidated amount of such Claim is known and, unless the Indemnifying Party
shall object in writing to such amount (as opposed to the Claim itself, as to
which the right to dispute had expired) within twenty (20) days after the giving
of said second notice, payment of such Claim to the Indemnified Party shall be
made by the Indemnifying Party.

            If the Indemnifying Party shall not have made payment to the
Indemnified Party of any Claim when said payment is due, then the Indemnified
Party shall have the right to take any and all actions required to collect from
the Indemnifying Party the amount of such Claim.

            Any portion of the amount of Damages asserted by the Indemnified
Party in connection with a Claim shall, if not objected to by the Indemnifying
Party in accordance with the procedures established herein, be considered to be
subject to satisfaction without further objection, as may be appropriate.

            If the Indemnifying Party shall notify the Indemnified Party that he
disputes any Claim or the amount thereof (which notice shall only be given if
the Indemnifying Party has a good faith belief that the Indemnified Party is not
entitled to indemnity or the full amount of indemnity as claimed) then the
parties hereto shall endeavor to settle and compromise such Claim, or may agree
to submit the same to arbitration, and, if unable to agree on any settlement or
compromise or on submission to arbitration, such claim shall be settled by
appropriate litigation, and any liability and the amount of the Damages
established by reason of such settlement, compromise, arbitration or litigation,
or incurred as a result thereof, shall be paid and satisfied as provided herein.

      10.4 Conditions of Indemnification with Respect to Third Party Claims. The
Indemnified Party shall promptly give notice to the Indemnifying Party of any
claim of a third party which may reasonably be expected to result in a Claim by
the Indemnified Party. The Indemnifying Party shall have the right to
participate in and, with respect to a third party Claim as to which he is
"wholly at risk," direct the defense, compromise or settlement of such claim
with counsel selected by him, provided the Indemnifying Party gives written
notice to the Indemnified Party of his election to do so within thirty (30) days
after receipt of notice in accordance with the preceding sentence. For the
purposes of this Section, the Indemnifying Party shall be deemed to be "wholly
at risk" except as to (i) Claims as to which the Indemnified Party may have any
direct monetary risk for which it is not fully indemnified by the terms hereof
or (ii) Claims as to which the Indemnified Party in its reasonable judgment has
any risk or liability for which compensation by monetary damages would not be
adequate. If the Indemnifying Party fails to so notify the Indemnified Party of
his election to defend any such third party claim, the Indemnified Party will
(upon further notice to the Indemnifying Party) have the right to undertake the
defense, compromise or settlement of such claim on behalf of and for the account
and expense of the Indemnifying Party, subject to the right of the Indemnifying
Party to assume the defense of such claim at any time prior to settlement,
compromise or final determination thereof.

                                       40
<PAGE>

            If the proceeding involves matters as to which the Indemnifying
Party is not "wholly at risk," then the defense, compromise or settlement of the
Claim shall be the responsibility of the Indemnified Party, but such defense,
compromise and settlement by the Indemnified Party shall be for the expense and
account of the Indemnifying Party. Counsel for the Indemnifying Party shall
consult and cooperate at all times with counsel for the Indemnified Party in
defending against any such third party claim.

            The Indemnifying Party shall not under any circumstances, without
the written consent of the Indemnified Party, settle or compromise any claim or
consent to the entry of any judgment which does not include as an unconditional
term thereof the giving by the claimant or the plaintiff to the Indemnified
Party a release from all liability in respect of such claim.

      10.5 Limitations. Notwithstanding any of the provisions of this Article:

            (a) None of the Parties to this Agreement nor any of their
affiliates shall be entitled to indemnification under this Article until the
aggregate amount of all Claims exceeds $25,000.00 at which time all Claims shall
be subject to indemnification;

            (b) In no event will any indemnifying party be liable for
consequential damages under this Article.

                                   ARTICLE XI

                               GENERAL PROVISIONS

      11.1 Amendment. This Agreement may not be amended except by an instrument
in writing signed by each of the Parties.

      11.2 Waiver. At any time prior to the Closing Date, any Party may (a)
extend the time for the performance of any of the obligations or other acts of
any other Party hereto or (b) waive compliance with any of the agreements of any
other Party or with any conditions to its own obligations. Any such extension or
waiver shall be valid only if set forth in an instrument in writing signed on
behalf of the Party making the waiver or granting the extension by a duly
authorized officer. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provision hereof (whether or
not similar), nor shall such waiver constitute a continuing waiver unless
otherwise expressly provided.

                                       41
<PAGE>

      11.3 Assignment and Binding Effect. Neither this Agreement nor any of the
rights or obligations hereunder may be assigned by Company without the prior
written consent of Allstate or assigned by Allstate or the Allstate Shareholder
without the prior written consent of Company. Subject to the foregoing, this
Agreement shall be binding upon and inure to the benefit of the Parties and
their respective successors, transferees and assigns, and no other Person shall
have any right, benefit or obligation hereunder.

      11.4 Governing Law. This Agreement shall be governed by, and construed in
accordance with, the internal laws of State of Nevada, without regard to the
conflict of law provisions thereof.

      11.5 Entire Agreement. This Agreement constitutes the entire agreement
between the Parties pertaining to the subject matter hereof and supersedes all
prior agreements, understandings, negotiations and discussions, whether oral or
written, of the Parties with respect to the subject matter hereof.

      11.6 Severability. In the event that any one or more of the provisions
contained in this Agreement or in any other instrument referred to herein,
shall, for any reason, be held to be invalid, illegal or unenforceable in any
respect, then to the maximum extent permitted by law, such invalidity,
illegality or unenforceability shall not affect any other provision of this
Agreement or any other such instrument.

      11.7 Construction and Titles. The titles, captions or headings of the
Articles and Sections herein are for convenience of reference only and are not
intended to be a part of or to affect the meaning or interpretation of this
Agreement. This Agreement has been negotiated between the parties hereto, and
the language hereof shall not be construed for or against any party. A reference
herein to any section shall be deemed to include a reference to every subsection
thereof. All pronouns contained herein, and any variations thereof, shall be
deemed to refer to the masculine, feminine or neuter, singular or plural, as to
the identity of the parties hereto may require.

      11.8 Arbitration. Any dispute arising out of this Agreement, or its
performance or breach, shall be resolved by binding arbitration in Las Vegas,
Nevada under the Commercial Arbitration Rules (the "AAA Rules") of the American
Arbitration Association (the "AAA"). This arbitration provision is expressly
made pursuant to and shall be governed by the Federal Arbitration Act, 9 U. S.
C. Sections 1-14 as well as the AAA Rules. The Parties agree that pursuant to
Section 9 of the Federal Arbitration Act, a judgment of a United States District
Court of competent jurisdiction shall be entered upon the award made pursuant to
the arbitration. A single arbitrator, who shall have the authority to allocate
the costs of any arbitration initiated under this paragraph, shall be selected
according to the AAA Rules within ten (10) days of the submission to the AAA of
the response to the statement of claim or the date on which any such response is
due, whichever is earlier. The arbitrator shall be required to furnish to the
parties to the arbitration a preliminary statement of the arbitrator's decision
that includes the legal rationale for the arbitrator's conclusion and the
calculations pertinent to any damage award being made by the arbitrator. The
arbitrator shall then furnish each of the parties to the arbitration the
opportunity to comment upon and/or contest the arbitrator's preliminary
statement of decision either, in the discretion of the arbitrator, through
briefs or at a hearing. The arbitrator shall render a final decision following

                                       42
<PAGE>

any such briefing or hearing. The arbitrator shall conduct the arbitration in
accordance with the Federal Rules of Evidence and the AAA Rules. The arbitrator
shall decide the amount and extent of the pre-hearing discovery which is
appropriate. The arbitrator shall have the power to enter any award of monetary
and/or injunctive relief (including the power to issue permanent injunctive
relief and also the power to reconsider any prior request for immediate
injunctive relief by any Party and any order as to immediate injunctive relief
previously granted or denied by a court in response to a request therefor by any
Party), including the power to render an award as provided in Rule 43 of the AAA
Rules. The arbitrator shall have the power to award the prevailing party its
costs and reasonable attorney's fees; provided, however, that the arbitrator
shall not award attorneys' fees to a prevailing party if the prevailing party
received a settlement offer unless the arbitrator's award to the prevailing
party is greater than such settlement offer without taking into account
attorneys' fees in the case of the settlement offer or the arbitrator's award.
In addition to the above courts, the arbitration award may be enforced in any
court having jurisdiction over the Parties and the subject matter of the
arbitration.

      11.9 Attorneys' Fees. Should any Party institute any action or proceeding
to enforce any provision of this Agreement, including, without limitation, an
action or proceeding for declaratory relief, damages by reason of an alleged
breach of any provision of this Agreement, equitable relief or otherwise in
connection with this Agreement, or any provision hereof, the prevailing Party
shall be entitled to recover from the losing Party or Parties reasonable
attorneys' fees and costs for services rendered to the prevailing Party in such
action or proceeding.

      11.10 Multiple Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

      11.11 Notices. Unless applicable law requires a different method of giving
notice, any and all notices, demands or other communications required or desired
to be given hereunder by any Party shall be in writing. Assuming that the
contents of a notice meet the requirements of the specific Section of this
Agreement which mandates the giving of that notice, a notice shall be validly
given or made to another Party if served either personally or if deposited in
the United States mail, certified or registered, postage prepaid, or if
transmitted by telegraph, telecopy or other electronic written transmission
device or if sent by overnight courier service, and if addressed to the
applicable Party as set forth below. If such notice, demand or other
communication is served personally, service shall be conclusively deemed given
at the time of such personal service. If such notice, demand or other
communication is given by mail, service shall be conclusively deemed given
seventy-two (72) hours after the deposit thereof in the United States mail. If
such notice, demand or other communication is given by overnight courier, or
electronic transmission, service shall be conclusively deemed given at the time
of confirmation of delivery. The addresses for the Parties are as follows:

                                       43
<PAGE>

           If to Allstate Shareholders:        Gregg Shanberg
                                               27 Trumpet Vine
                                               Irvine, CA 92603

           If to Company:                      Michael A. Barron, CEO
                                               6330 S. Sandhill Rd., Suite 6
                                               Las Vegas, Nevada 89120

      Any Party may change such Party's address for the purpose of receiving
notices, demands and other communications as herein provided, by a written
notice given in the aforesaid manner to the other Parties.

      11.12 Incorporation by Reference. All Exhibits and Schedules attached
hereto or to be delivered in connection herewith are incorporated herein by this
reference.

                       [SIGNATURES CONTINUED ON NEXT PAGE]

                                       44
<PAGE>

      IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
as of the date first written above.

ALLSTATE HOME LOANS INC.

By:________________________________          ________________________________
     Gregg Shanberg                          Gregg Shanberg

SHEARSON FINANCIAL NETWORK, INC.

By:________________________________
     President

By:________________________________
     Secretary

<PAGE>

                                    EXHIBIT A

                           Company Disclosure Schedule

<PAGE>

                                    EXHIBIT B

                      Allstate "Books" Disclosure Schedule

<PAGE>

                                    EXHIBIT C

                              Schedule of Licenses

<PAGE>

                                    EXHIBIT D

                                 Warehouse Lines

<PAGE>

                                    EXHIBIT E

                               Allstate Litigation

<PAGE>

                                    EXHIBIT F

                              Allstate Debt HoldersGSR
      MORTGAGE LOAN TRUST 2006-7F

    MORTGAGE
      PASS-THROUGH CERTIFICATES

    SERIES
      2006-7F

     

     

    MASTER
      SERVICING

     

    and

     

    TRUST
      AGREEMENT

     

    among

     

    GS
      MORTGAGE SECURITIES CORP.,

    as
      Depositor

     

    U.S.
      BANK NATIONAL ASSOCIATION,

    as
      Trustee

     

    WELLS
      FARGO BANK, NATIONAL ASSOCIATION,

    as
      Master Servicer and Securities Administrator 

    

    and

    

    DEUTSCHE
      BANK NATIONAL TRUST COMPANY,

    as
      Custodian

     

    Dated
      as of

     

    July
      1, 2006

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    

    TABLE
      OF CONTENTS

    
 

    
      	 	
              Page

            
	
              ARTICLE
                I. DEFINITIONS

            	
              1

            
	
              Section
                1.01.

            	
              Standard
                Terms.

            	
              1

            
	
              Section
                1.02.

            	
              Defined
                Terms.

            	
              2

            
	
              ARTICLE
                II. FORMATION OF TRUST; CONVEYANCE OF MORTGAGE LOANS

            	
              23

            
	
              Section
                2.01.

            	
              Conveyance
                to the Trustee.

            	
              23

            
	
              Section
                2.02.

            	
              Acceptance
                by the Trustee and Securities Administrator.

            	
              24

            
	
              Section
                2.03.

            	
              REMIC
                Elections and REMIC Interests Designations.

            	
              25

            
	
              ARTICLE
                III. REMITTING TO CERTIFICATEHOLDERS

            	
              
                29

              

            
	
              Section
                3.01.

            	
              Distributions
                to Certificateholders.

            	
              
                29

              

            
	
              Section
                3.02.

            	
              Allocation
                of Realized Losses and Shortfalls.

            	
              
                36

              

            
	
              Section
                3.03.

            	
              The
                Separate Interest Trust.

            	
              
                38

              

            
	
              Section
                3.04.

            	
              The
                Basis Risk Reserve Funds.

            	
              
                38

              

            
	
              Section
                3.05.

            	
              The
                Interest Rate Cap Agreements.

            	
              
                40

              

            
	
              ARTICLE
                IV. THE SECURITIES

            	
              
                42

              

            
	
              Section
                4.01.

            	
              The
                Certificates.

            	
              
                42

              

            
	
              Section
                4.02.

            	
              Denominations.

            	
              
                43

              

            
	
              Section
                4.03.

            	
              Redemption
                of Certificates.

            	
              
                43

              

            
	
              Section
                4.04.

            	
              Securities
                Laws Restrictions.

            	
              
                44

              

            
	
              Section
                4.05.

            	
              Deposit
                of Exchangeable REMIC Certificates.

            	
              
                44

              

            
	
              ARTICLE
                V. MISCELLANEOUS PROVISIONS

            	
              
                44

              

            
	
              Section
                5.01.

            	
              Request
                for Opinions.

            	
              
                44

              

            
	
              Section
                5.02.

            	
              Schedules
                and Exhibits.

            	
              
                44

              

            
	
              Section
                5.03.

            	
              Governing
                Law.

            	
              
                44

              

            
	
              Section
                5.04.

            	
              Counterparts.

            	
              
                45

              

            
	
              Section
                5.05.

            	
              Notices.

            	
              
                45

              

            

    

     

    
      
        
        

      

      
        i

        
          

        

      

       

    

    SCHEDULES
      AND EXHIBITS

    

    
      	
              Schedule
                I

            	 	
              Mortgage
                Loans

            
	 	 	 
	
              Schedule
                II

            	 	
              [Reserved]

            
	 	 	 
	
              Schedule
                III

            	 	
              PAC
                Scheduled Amounts

            
	 	 	 
	
              Exhibit
                A

            	 	
              Forms
                of Certificates

            

    

     

    
      
        
        

      

      
        ii

        
          

        

      

       

    

     

    MASTER
      SERVICING AND TRUST AGREEMENT

     

           
      THIS MASTER SERVICING AND TRUST AGREEMENT (this “Trust
      Agreement”),
      dated
      as of July 1, 2006, is hereby executed by and among GS MORTGAGE SECURITIES
      CORP., a Delaware corporation (the “Depositor”),
      U.S.
      BANK NATIONAL ASSOCIATION, as trustee (the “Trustee”),
      DEUTSCHE BANK NATIONAL TRUST COMPANY, as custodian (a “Custodian”),
      and
      WELLS FARGO BANK, N.A., as securities administrator (in such capacity, the
      “Securities
      Administrator”)
      and
      master servicer (in such capacity, the “Master
      Servicer”).
      All
      of the provisions of the Standard Terms to Master Servicing and Trust Agreement
      (July 2006 Edition) (the “Standard Terms”), unless otherwise specified herein,
      are hereby incorporated herein by reference and shall be a part of this Trust
      Agreement as if set forth herein in full.

     

    PRELIMINARY
      STATEMENT

     

           
      The Board of Directors of the Depositor has duly authorized the formation of
      GSR
      Mortgage Loan Trust 2006-7F as a trust (the “Trust”)
      to
      issue a series of securities with an aggregate initial outstanding principal
      balance of $609,955,387 to be known as the Mortgage Pass-Through Certificates,
      Series 2006-7F (the “Certificates”).
      The
      Trust is formed by this Trust Agreement. The Certificates in the aggregate
      evidence the entire beneficial ownership in the Trust. The Certificates consist
      of the Classes set forth herein. 

     

           
      Pursuant to Section 12.01 of the Standard Terms, the Securities Administrator,
      on behalf of the Trustee, shall make an election to treat all of the Trust
      Estate as three real estate mortgage investment conduits (each, a “REMIC”
and,
      individually, “REMIC
      LT1,”
      “REMIC
      MT”
and
      “REMIC
      UT”)
      for
      federal income tax purposes. The “startup day” of each REMIC for purposes of the
      REMIC Provisions is the Closing Date.

     

            For
      purposes of naming the REMIC Interests and the Certificates, the first number
      of
      the Senior Certificates (“1,” “2,” “3,” “4” or “5”), if any, refers to the
      Collateral Group, the letter (“A,” “M” or “B”), refers to the status of the
      interest (“A” for senior or “M” or “B” for subordinate) and the final character
      or characters (“1,” “2,” “3,” “4,” “5,” “6,” “7,” “8,” “9,” “10,” “11,” “12,”
“13,” “14,” “X,” “R” or “RC”) refers to the specific Class.

     

           
      NOW, THEREFORE, in consideration of the mutual promises, covenants,
      representations and warranties hereinafter set forth, the Depositor, the
      Trustee, the Securities Administrator, each Custodian and the Master Servicer
      agree as follows:

     

    ARTICLE
      I. 

     

    DEFINITIONS

     

    Section
      1.01.  Standard
      Terms.

     

           
      The Depositor, the Trustee, the Securities Administrator, the Custodian and
      the
      Master Servicer acknowledge that the Standard Terms prescribe certain
      obligations of each such entity with respect to the Certificates. The Depositor,
      the Trustee, the Securities Administrator, each Custodian and the Master
      Servicer agree to observe and perform such prescribed duties, responsibilities
      and obligations, pursuant to the terms and conditions thereof and of this Trust
      Agreement, except to the extent inconsistent with the provisions of this Trust
      Agreement, the Standard Terms are and shall be a part of this Trust Agreement
      to
      the same extent as if set forth herein in full.

     

    
      
        
        

      

      
        
        

        
          

        

      

       

    

     

    Section
      1.02.  Defined
      Terms.

     

           
      Capitalized terms used but not defined herein shall have the respective meanings
      assigned to them in Section 1.01 of the Standard Terms or in the applicable
      Sale
      and Servicing Agreement. In the event of a conflict between the Standard Terms
      and the applicable Sale and Servicing Agreement, such Sale and Servicing
      Agreement shall govern. In the event of a conflict between the Standard Terms
      and this Trust Agreement, this Trust Agreement shall govern. In addition, the
      following provisions shall govern the defined terms set forth below for this
      Trust Agreement:

     

           
      “Accrual
      Certificates”:
      The
      Class 2A-11 Certificates.

     

           
      “Accrued
      Certificate Interest”:
      Interest to be distributed to each Class of Certificates entitled to interest
      on
      any Distribution Date consisting of the sum of (i) interest accrued during
      the
      related Interest Accrual Period at the applicable Certificate Rate for such
      Class of Certificates on the Certificate Balance (or Notional Amount) of such
      Class of Certificates immediately preceding such Distribution Date and (ii)
      accrued but unpaid Accrued Certificate Interest from prior Distribution Dates
      (on a cumulative basis, but without interest on such unpaid Accrued Certificate
      Interest). 

     

           
      “Aggregate
      Subordinate Percentage”:
      For
      any Certificate Group at any time, the sum of the Class Principal Balances
      of
      the Subordinate Certificates divided by the sum of the outstanding principal
      balances for all the Mortgage Loans in the related Collateral
      Groups.

     

           
      “Applicable
      Fraction”:
      For
      each Mortgage Loan and REMIC LT1, shall be calculated as follows: 

     

     

    
      	·  	
              For
                Collateral Group 2 and each Mortgage Loan in Loan Group 1 with a
                Net Rate
                greater than or equal to 6.00% per annum, but less than 6.50% per
                annum:

            

    

    

    6.50%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan

    0.50%;

     

    
      	·  	
              For
                Collateral Group 4 and each Mortgage Loan in Loan Group 1 with a
                Net Rate
                greater than or equal to 6.00% per annum, but less than 6.50% per
                annum:

            

    

    

    1
      minus [6.50%
      minus the
      Net
      Rate
      on
      such Mortgage
      Loan]

    [ 0.50%
      ];

     

    
      
        
        

      

      
        2

        
          

        

      

       

    

    

    
      	 	
              ·

            	
              For
                Collateral Group 4 and each Mortgage Loan in Loan Group 1 with a
                Net Rate
                greater than or equal to 6.50% per annum, but less than 7.50% per
                annum:

            

    

    

    7.50%
      minus
      the
      Net Rate
      on
      such Mortgage
      Loan

    1.00%;

    

    
      	 	
              ·

            	
              For
                Collateral Group 5 and each Mortgage Loan in Loan Group 1 with a
                Net Rate
                greater than or equal to 6.50% per annum, but less than 7.50% per
                annum:

            

    

    

    1
      minus [7.50%
      minus the
      Net
      Rate
      on
      such Mortgage
      Loan]

    [ 1.00% ];

    

    
      	·  	
              For
                Collateral Group 1 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 5.00% per annum, but less than 6.00% per
                annum:

            

    

    

    6.00%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan

    1.00%; 

    

    
      	 	
              ·

            	
              For
                Collateral Group 2 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 5.00% per annum, but less than 6.00% per
                annum:

            

    

    

    1
      minus [6.00%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan]

    [ 1.00%
      ];

    

    
      	 	
              ·

            	
              For
                Collateral Group 2 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 6.00% per annum, but less than 6.25% per
                annum:

            

    

    

    6.25%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan

    0.25%;

    

    

    
      	 	
              ·

            	
              For
                Collateral Group 3 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 6.00% per annum, but less than 6.25% per
                annum:

            

    

    

    1
      minus [6.25%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan]

    [ 0.25%
      ];

    

    
      	 	
              ·

            	
              For
                Collateral Group 3 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 6.25% per annum, but less than 7.50% per
                annum:

            

    

    

    7.50%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loan

    1.25%;

    
      
        
        

      

      
        3

        
          

        

      

       

    

    

    
      	 	
              ·

            	
              For
                Collateral Group 5 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 6.25% per annum, but less than 7.50% per
                annum:

            

    

    

    1
      minus é7.50%
      minus
      the
Net
      Rate
      on
      such Mortgage
      Loanù

    ë 1.25%
      û;

    

    
      	 	
              ·

            	
              For
                Collateral Group 5 and each Mortgage Loan in Loan Group 2 with a
                Net Rate
                greater than or equal to 7.50% per annum,
                100%;

            

    

     

    “Apportioned
      Principal Balance”:
      For
      any Class of Subordinate Certificates and any Distribution Date, the Class
      Principal Balance of such Class immediately prior to such Distribution Date
      multiplied by a fraction, the numerator of which is the related Group
      Subordinate Amount for such date and the denominator of which is the sum of
      the
      Group Subordinate Amounts for all of the related Collateral Groups for such
      date.

     

    “Assignment
      Agreements”:
      (i)
      the Assignment, Assumption and Recognition Agreement dated as of July 1, 2006,
      by and among GSMC, the Depositor and Countrywide Servicing, as servicer, (ii)
      the Assignment, Assumption and Recognition Agreement dated as of July 1, 2006,
      by and among GSMC, the Depositor and Countrywide, as seller, and (iii) the
      Assignment, Assumption and Recognition Agreement dated as of July 1, 2006,
      by
      and among the Depositor, the Trustee, Countrywide and Countrywide Servicing,
      and
      as acknowledged by the Master Servicer.

     

    “Available
      Distribution Amount”:
      For
      any Distribution Date and any Collateral Group, the sum of the Applicable
      Fractions for each Mortgage Loan contributing to such Collateral Group of the
      following amounts:

     

    (i) the
      total
      amount of all cash received from or on behalf of the Mortgagors or advanced
      by
      the Servicer (or the Master Servicer in the event the Servicer fails to make
      such required advances, or by the Trustee in the event the Master Servicer
      fails
      to make any such required advances, in each case pursuant to Section 3.05 of
      the
      Standard Terms) on the Mortgage Loans contributing to such Collateral Group
      and
      not previously distributed (including Monthly Advances made by the Servicer
      (or
      by the Master Servicer in the event the Servicer fails to make such required
      advances, or by the Trustee in the event the Master Servicer fails to make
      any
      such required advances, in each case pursuant to Section 3.05 of the Standard
      Terms), Compensating Interest Payments made by the Servicer (or the Master
      Servicer or other successor servicer, as the case may be) and proceeds of
      Mortgage Loans that are liquidated), except:

     

    (a) all
      Scheduled Payments collected but due on a Due Date after such Distribution
      Date;

     

    (b) all
      Curtailments received after the previous calendar month;

    
      
        
        

      

      
        4

        
          

        

      

       

    

     

    (c) all
      Payoffs received after the previous calendar month (together with each interest
      payment received with such Payoffs to the extent that it represents the payment
      of interest accrued on the Mortgage Loans contributing to such Collateral Group
      for the period after the previous calendar month);

     

    (d) Liquidation
      Proceeds, Condemnation Proceeds and Insurance Proceeds received on the Mortgage
      Loans contributing to such Collateral Group after the previous calendar
      month;

     

    (e) all
      amounts in the Certificate Account from Mortgage Loans contributing to such
      Collateral Group that are then due and payable to the Servicer under the Sale
      and Servicing Agreement;

     

    (f) the
      Servicing Fee and the Master Servicing Fee for each Mortgage Loan in such
      Collateral Group, net of any amounts payable as compensating interest by the
      Servicer on that Distribution Date;

     

    (g) any
      amounts payable in respect of any primary mortgage insurance
      policy;

     

    (h) all
      related indemnification amounts and other amounts reimbursable on such
      Distribution Date to the Securities Administrator, the Custodians or the Trustee
      or the Master Servicer; and

     

    (i) all
      expenses of the Trust Estate paid after the immediately preceding Distribution
      Date; 

     

    (ii) the
      total
      amount of any cash received by the Securities Administrator or the Servicer
      (or
      the Master Servicer) from the repurchase by the applicable Loan Seller of any
      Mortgage Loans contributing to such Collateral Group as a result of defective
      documentation or breach of representations and warranties (provided that the
      obligation to repurchase arose before the related Due Date); provided further
      that the Available Distribution Amount for REMIC UT shall be the amounts
      distributed by REMIC MT and the Available Distribution Amount for REMIC MT
      shall
      be the amounts distributed by REMIC LT1.

     

    provided
      that
      interest with respect to any Mortgage Loan that relates to two Collateral Groups
      shall be included in the Available Distribution Amount for each related
      Collateral Group as follows: first,
      to the
      Collateral Group with the lower Effective Net Rate, interest to the extent
      accrued on the Applicable Fraction of the principal of such Mortgage Loan at
      the
      Effective Net Rate for such Collateral Group; and second,
      to the
      other Collateral Group related to such Mortgage Loan.

     

    “B
      Average Rate”:
      For
      each Distribution Date, an annual rate equal to the weighted average of the
      Designated Rates applicable to Collateral Group 1, Collateral Group 2,
      Collateral Group 3, Collateral Group 4 and Collateral Group 5, and weighted
      on
      the basis of the Group Subordinate Amounts for such Collateral
      Groups.

    
      
        
        

      

      
        5

        
          

        

      

       

    

     

    “Basis
      Risk Reserve Fund”:
      Any of
      the Class 3A-1 Reserve Fund or the Class 4A-1 Reserve Fund.

     

    “Basis
      Risk Shortfalls”:
      For
      the Class 3A-1 or Class 4A-1 Certificates and any Distribution Date, the excess,
      if any, of the aggregate amount of interest that such Class would have been
      entitled to receive if the Certificate Rate for each such Class was calculated
      without regard to the related Maximum Rate for such Certificates, over the
      actual aggregate amount of interest such Class is entitled to receive for such
      Distribution Date.

     

    “Book-Entry
      Certificates”:
      The
      Senior Certificates and the Senior Subordinate Certificates.

     

    “Certificate
      Account Property”:
      The
      Certificate Account, all amounts, investments and other property held from
      time
      to time in the Certificate Account, and all proceeds of the
      foregoing.

     

    “Certificate
      Balance”:
      As to
      any Class of Certificates (other than any Interest Only Certificate) or
      Interests as of the close of business on each Distribution Date, the initial
      Certificate Balance thereof (as shown on the charts in Section 2.03) reduced
      by
      (i) all principal payments previously distributed to such Class and (ii) all
      Realized Losses previously allocated to such Class and increased (a) in the
      case
      of any Class of Certificates for which the Certificate Balance thereof has
      been
      reduced by any Realized Loss, by the amount of any Subsequent Recoveries
      allocated to such Class in accordance with Section 3.02(e) and (b) in the case
      of any Accrual Certificates, by any Accrued Certificate Interest previously
      added to the Certificate Balance thereof.

     

    “Certificate
      Group”:
      The
      Group 1 Certificates, the Group 2 Certificates, the Group 3 Certificates, the
      Group 4 Certificates and the Group 5 Certificates, as applicable.

     

    “Certificate
      Rate”:
      With
      respect to each Class of Certificates on any Distribution Date, the percentage
      per annum or other entitlement to interest described in Section 2.03. With
      respect to each REMIC Interest on any Distribution Date, the Certificate Rates
      described in Section 2.03.

     

    “Certificates”:
      The
      Class 1A-1, Class 2A-3, Class 2A-5, Class 2A-6, Class 2A-7, Class 2A-10,
      Class 2A-11, Class 2A-12, Class 2A-13, Class 3A-1, Class 3A-2, Class 3A-3,
      Class
      3A-4, Class 3A-5, Class 3A-6, Class 3A-7, Class 3A-8, Class
      4A-1, Class 4A-3, Class 4A-4, Class 4A-6, Class 4A-7, Class 4A-8, Class 4A-9,
      Class 4A-10, Class 4A-11, Class 4A-14, Class
      5A-1, Class 5A-2, Class A-X, Class M-1, Class B-1, Class B-2, Class B-3, Class
      B-4, Class B-5, Class B-6, Class X, Class RC and Class R
      Certificates.

     

    “Class”:
      Each
      Class of Certificates or REMIC Interests. 

     

    “Class
      2A-6 Notional Amount”:
      With
      respect to each Distribution Date, an amount equal to the Class Principal
      Balance of the Class 2A-5 Certificates on such Distribution Date. 

     

    "Class
      3A-2 Notional Amount":
      With
      respect to each Distribution Date, an amount equal to the Class Principal
      Balance of the Class 3A-1 Certificates on such Distribution
      Date.

    
      
        
        

      

      
        6

        
          

        

      

       

    

     

    "Class
      4A-8 Notional Amount":
      With
      respect to each Distribution Date, an amount equal to (a) 0.50% of the Class
      Principal Balance of the Class 4A-7 Certificates on such Distribution Date,
      divided by (b) 6.50%.

     

    "Class
      4A-14 Notional Amount":
      With
      respect to each Distribution Date, an amount equal to (a) 0.30% of the Class
      Principal Balance of the Class 4A-3 Certificates on such Distribution Date,
      divided by (b) 6.50%.

     

    "Class
      5A-2 Notional Amount":
      With
      respect to each Distribution Date, an amount equal to the Class Principal
      Balance of the Class 5A-1 Certificates on such Distribution Date.

     

    “Class
      A Certificates”:
      The
      Class 1A-1, Class 2A-3, Class 2A-5, Class 2A-6, Class 2A-7, Class 2A-10,
      Class 2A-11, Class 2A-12, Class 2A-13, Class 3A-1, Class 3A-2, Class 3A-3,
      Class
      3A-4, Class 3A-5, Class 3A-6, Class 3A-7, Class 3A-8, Class 4A-1, Class 4A-3,
      Class 4A-4, Class 4A-6, Class 4A-7, Class 4A-8, Class 4A-9, Class 4A-10, Class
      4A-11, Class 4A-14, Class 5A-1, Class 5A-2 and Class A-X
      Certificates.

     

    “Class
      A-X Notional Amount”:
      Initially shall be $72,267, and for each Distribution Date, the product of
      (x) a
      fraction, the numerator of which is the weighted average of the Net Rates of
      the
      Premium Loans at the beginning of the related Due Period minus 7.50% and the
      denominator of which is 7.00% and (y) the total principal balance of the Premium
      Loans as of the first day of the related Interest Accrual Period.

     

    “Class
      B Certificates”:
      The
      Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6
      Certificates.

     

    “Class
      M Certificates”:
      The
      Class M-1 Certificates. 

     

    “Class
      3A-1 Interest Rate Cap Agreement”:
      The
      interest rate cap agreement dated July 28, 2006, by and between the Interest
      Rate Cap Counterparty and GSMC, which was transferred by GSMC to the Depositor
      and transferred by the Depositor to the Trustee on the Closing Date for the
      benefit of the Holders of the Class 3A-1 Certificates pursuant to a separate
      novation agreement dated such date and pursuant to Section 3.05.

     

    “Class
      3A-1 Interest Rate Cap Amount”:
      For
      the Class 3A-1 Interest Rate Cap Agreement and any Distribution Date, the
      amount, if any, to be paid by the Interest Rate Cap Counterparty to the Trustee
      for the account of the Separate Interest Trust pursuant to such Class 3A-1
      Interest Rate Cap Agreement, as calculated by the Interest Rate Cap Counterparty
      based in part on information in the Distribution Date Statement delivered to
      it
      pursuant to Section 4.01 of the Standard Terms.

     

    “Class
      3A-1 Reserve Fund”:
      A fund
      for the benefit of the Holders of the Class 3A-1 Certificates created as part
      of
      the Separate Interest Trust pursuant to Section 3.04 of this Agreement, which
      is
      not an asset of any REMIC or of the Trust Estate.

     

    “Class
      4A-1 Interest Rate Cap Agreement”:
      The
      interest rate cap agreement dated July 28, 2006, by and between the Interest
      Rate Cap Counterparty and GSMC, which was transferred by GSMC to the Depositor
      and transferred by the Depositor to the Trustee on the Closing Date for the
      benefit of the Holders of the Class 4A-1 Certificates pursuant to a separate
      novation agreement dated such date and pursuant to Section
      3.05.

    
      
        
        

      

      
        7

        
          

        

      

       

    

     

    “Class
      4A-1 Interest Rate Cap Amount”:
      For
      the Class 4A-1 Interest Rate Cap Agreement and any Distribution Date, the
      amount, if any, to be paid by the Interest Rate Cap Counterparty to the Trustee
      for the account of the Separate Interest Trust pursuant to such Class 4A-1
      Interest Rate Cap Agreement, as calculated by the Interest Rate Cap Counterparty
      based in part on information in the Distribution Date Statement delivered to
      it
      pursuant to Section 4.01 of the Standard Terms.

     

    “Class
      4A-1 Reserve Fund”:
      A fund
      for the benefit of the Holders of the Class 4A-1 Certificates created as part
      of
      the Separate Interest Trust pursuant to Section 3.04 of this Agreement, which
      is
      not an asset of any REMIC or of the Trust Estate.

     

    “Class
      Principal Balance”:
      As to
      any Class of Certificates on each Distribution Date, the total Certificate
      Balance of all Certificates of such Class on that Distribution
      Date.

     

    “Closing
      Date”:
      July
      28, 2006.

     

    “Collateral
      Group”:
      Any of
      Collateral Group 1, Collateral Group 2, Collateral Group 3, Collateral Group
      4
      and Collateral Group 5, as applicable.

     

    “Collateral
      Group 1”:
      The
      Mortgage Loans in Subgroup 2-A or portions thereof that have been stripped
      to an
      Effective Net Rate of 5.00%.

     

    “Collateral
      Group 2”:
      The
      Mortgage Loans in Subgroup 1-A, Subgroup 2-A and Subgroup 2-B or portions
      thereof that have been stripped to an Effective Net Rate of 6.00%.

     

    “Collateral
      Group 3”:
      The
      Mortgage Loans in Subgroup 2-B and Subgroup 2-C or portions thereof that have
      been stripped to an Effective Net Rate of 6.25%.

     

    “Collateral
      Group 4”:
      The
      Mortgage Loans in Subgroup 1-A and Subgroup 1-B or portions thereof that have
      been stripped to an Effective Net Rate of 6.50%.

     

    “Collateral
      Group 5”:
      The
      Mortgage Loans in Subgroup 1-B, Subgroup 2-C and Subgroup 2-D or portions
      thereof that have been stripped to an Effective Net Rate of 7.50%.

     

    “Combination
      Group”:
      Any
      combination of Exchangeable REMIC Certificates set forth on Appendix A to the
      Exchange Agreement .

     

    “Corresponding
      Class”:
      For
      each Class of REMIC Interests or Certificates, the Class or Classes indicated
      as
      such in the tables set forth in Section 2.03.

     

    “Countrywide”:
      Countrywide Home Loans, Inc., or any successor in interest.

    
      
        
        

      

      
        8

        
          

        

      

       

    

     

    “Countrywide
      Servicing”:
      Countrywide Home Loans Servicing LP, or any successor in interest.

     

    “Credit
      Support Depletion Date”:
      With
      respect to the Subordinate Certificates, the first Distribution Date (if any)
      on
      which the aggregate Certificate Balance of the Subordinate Certificates has
      been
      or shall be reduced to zero.

     

    “Current
      Shortfall”:
      Any
      amount included in the Principal Distribution Amount for which cash is not
      available to make distributions as a result of the Servicer’s decision not to
      Advance a delinquent payment, other than a Realized Loss.

     

    “Curtailment”:
      Any
      partial prepayment on any Mortgage Loan.

     

    “Custodian”:
      Deutsche Bank, in its capacity as a custodian under the Custodial
      Agreement.

     

    “Custodial
      Agreement”:
      The
      Master Custodial Agreement, dated as of July 1, 2006 among GSMC, the Custodian
      and the Servicer. 

    

    “Cut-Off
      Date”:
      July
      1, 2006.

     

    “Data
      Collection Schedule”:
      As
      defined in the Custodial Agreement.

     

    “Depositor”:
      GS
      Mortgage Securities Corp., in its capacity as depositor under this Trust
      Agreement.

     

    “Designated
      Rate”:
      With
      respect to Collateral Group 1, 5.00% per annum. With respect to Collateral
      Group
      2, 6.00% per annum. With respect to Collateral Group 3, 6.25% per annum. With
      respect to Collateral Group 4, 6.50% per annum. With respect to Collateral
      Group
      5, 7.50% per annum.

     

    “Deutsche
      Bank”:
      Deutsche Bank National Trust Company, or any successor in interest.

     

    “Distribution
      Date”:
      The
      25th day of each month, or if such day is not a Business Day, the next Business
      Day following such day. The first Distribution Date shall be August 25,
      2006.

     

    “Due
      Date”:
      For
      any Mortgage Loan, the first day in each calendar month.

     

    “Due
      Period”:
      For
      any Distribution Date, the period beginning on the second day of the month
      immediately preceding the month in which such Distribution Date occurs and
      ending on the first day of the month in which such Distribution Date
      occurs.

     

    “Effective
      Net Rate”:
      For
      any Mortgage Loan and any Collateral Group to which such Mortgage Loan
      contributes interest, the effective Net Rate at which such Mortgage Loan
      contributes interest to such Collateral Group.

    
      
        
        

      

      
        9

        
          

        

      

       

    

    

    “Exchangeable
      REMIC Class”
or
      “Exchangeable
      REMIC Certificates”:
      The
Class
      2A-3, Class 2A-5, Class 2A-6, Class 2A-7, Class 2A-10, Class 2A-11, Class 2A-12,
      Class 2A-13, Class 4A-3, Class 4A-4, Class 4A-6, Class 4A-7, Class 4A-8, Class
      4A-9, Class 4A-10, Class 4A-11 and Class 4A-14 Certificates.

    

    “Exchange
      Classes”
or
      “Exchange
      Certificates”:
      The
      Class 2A-1, Class 2A-2, Class 2A-4, Class 2A-8, Class 2A-9, Class 4A-2, Class
      4A-5, Class 4A-12 and Class 4A-13 Certificates issued or issuable pursuant
      to
      the Exchange Agreement in exchange and in accordance with the Exchange Agreement
      for the Exchangeable REMIC Certificates, or the Certificates of each such Class,
      as the context may require.

    

    “Exchange
      Agreement”:
      The
      Trust Agreement dated as of July 1, 2006, entered into by and among the
      Depositor, the Trustee, the Master Servicer and the Securities Administrator
      for
      the issuance of the Exchange Certificates.

    

    “Exchange
      Trustee”:
      U.S.
      Bank National Association, in its capacity as trustee under the Exchange
      Agreement.

    

    “Fair
      Market Value Excess”:
      An
      amount equal to the excess, if any, of the amount in clause (y) of the
      definition of “Termination Price”, over the amount in clause (x) of the
      definition of “Termination Price.”

     

    “Fitch”:
      Fitch
      Ratings, or any successor in interest.

     

    “Group
      1 Certificate”:
      Any
      Class 1A-1 Certificate.

     

    “Group
      1 Mortgage Loan”:
      Any
      Mortgage Loan in Loan Group 1.

     

    “Group
      2 Certificate”:
      Any
      Class 2A-3, Class 2A-5, Class 2A-6, Class 2A-7, Class 2A-10, Class 2A-11,
      Class 2A-12 or Class 2A-13 Certificate.

     

    “Group
      2 Mortgage Loan”:
      Any
      Mortgage Loan in Loan Group 2.

     

    "Group
      2 NAS Percentage":
      With
      respect to any Distribution Date, an amount equal to the lesser of (i) 100%
      and
      (ii) the percentage obtained by dividing (x) the aggregate Class Principal
      Balance of the Class 2A-12 and Class 2A-13 Certificates immediately prior to
      such date by (y) the aggregate Class Principal Balance of the Class 2A-3, Class
      2A-5, Class 2A-7, Class 2A-10, Class 2A-11, Class 2A-12 and Class 2A-13
      Certificates immediately prior to such date.

     

    “Group
      2 NAS Priority Amount”:
      With
      respect to any Distribution Date, the lesser of (i) the sum of (x) the product
      of the Group 2 NAS Percentage for such date, the NAS Scheduled Principal
      Percentage for such date and the Scheduled Principal Amount for Collateral
      Group
      2 and such date and (y) the product of the Group 2 NAS Percentage for such
      date,
      the NAS Prepayment Shift Percentage for such date and the Unscheduled Principal
      Amount for Collateral Group 2 and such date and (ii) the aggregate Class
      Principal Balance of the Class 2A-12 and Class 2A-13 Certificates immediately
      prior to such date. Notwithstanding the foregoing, (i) on and after the Credit
      Support Depletion Date, the Class 2A-12 and Class 2A-13 Certificates shall
      be
      entitled to their aggregate pro
      rata
      share of
      all scheduled and unscheduled payments of principal related to Collateral Group
      2 and (ii) on the date on which the aggregate Class Principal Balance of the
      Class 2A-3, Class 2A-5, Class 2A-7, Class 2A-10 and Class 2A-11 Certificates
      has
      been reduced to zero, the Class 2A-12 and Class 2A-13 Certificates shall be
      entitled, pro
      rata,
      to any
      remaining Senior Principal Distribution Amount for Collateral Group 2 allocable
      to the Class 2A-3, Class 2A-5, Class 2A-7, Class 2A-10 and Class 2A-11
      Certificates and thereafter, the Group 2 NAS Priority Amount will equal of
      the
      Senior Principal Distribution Amount for Collateral Group 2. 

    
      
        
        

      

      
        10

        
          

        

      

       

    

     

    “Group
      3 Certificate”:
      Any
      Class 3A-1, Class 3A-2, Class 3A-3, Class 3A-4, Class 3A-5, Class 3A-6, Class
      3A-7 or Class 3A-8 Certificate. 

     

    "Group
      3 NAS Percentage":
      With
      respect to any Distribution Date, an amount equal to the lesser of (i) 100%
      and
      (ii) the percentage obtained by dividing (x) the aggregate Class Principal
      Balance of the Class 3A-6, Class 3A-7 and Class 3A-8 Certificates immediately
      prior to such date by (y) the aggregate Class Principal Balance of the Class
      3A-1, Class 3A-3, Class 3A-4, Class 3A-5, Class 3A-6, Class 3A-7 and Class
      3A-8
      Certificates immediately prior to such date. 

     

    “Group
      3 NAS Priority Amount”:
      With
      respect to any Distribution Date, the lesser of (i) the sum of (x) the product
      of the Group 3 NAS Percentage for such date, the NAS Scheduled Principal
      Percentage for such date and the Scheduled Principal Amount for Collateral
      Group
      3 and such date and (y) the product of the Group 3 NAS Percentage for such
      date,
      the NAS Prepayment Shift Percentage for such date and the Unscheduled Principal
      Amount for Collateral Group 3 and such date and (ii) the aggregate Class
      Principal Balance of the Class 3A-6, Class 3A-7 and Class 3A-8 Certificates
      immediately prior to such date. Notwithstanding the foregoing, (i) on and after
      the Credit Support Depletion Date, the Class 3A-6, Class 3A-7 and Class 3A-8
      Certificates shall be entitled to their aggregate pro
      rata
      share of
      all scheduled and unscheduled payments of principal related to Collateral Group
      3 and (ii) on the date on which the aggregate Class Principal Balance of the
      Class 3A-1, Class 3A-3, Class 3A-4 and Class 3A-5 Certificates has been reduced
      to zero, the Class 3A-6, Class 3A-7 and Class 3A-8 Certificates shall be
      entitled, pro
      rata,
      to any
      remaining Senior Principal Distribution Amount for Collateral Group 3 allocable
      to the Class 3A-1, Class 3A-3, Class 3A-4 and Class 3A-5 Certificates (provided,
      however, that as between the Class 3A-6 and Class 3A-7 Certificates, such
      amounts shall be distributed sequentially, in that order, until the Class
      Principal Balance of the Class 3A-6 Certificates has been reduced to zero)
      and
      thereafter, the Group 3 NAS Priority Amount will equal of the Senior Principal
      Distribution Amount for Collateral Group 3. 

     

    “Group
      4 Certificate”:
      Any
      Class 4A-1, Class 4A-3, Class 4A-4, Class 4A-6, Class 4A-7, Class 4A-8, Class
      4A-9, Class 4A-10, Class 4A-11 or Class 4A-14 Certificate. 

     

    "Group
      4(A) NAS Percentage":
      With
      respect to any Distribution Date, an amount equal to the lesser of (i) 100%
      and
      (ii) the percentage obtained by dividing (x) the aggregate Class Principal
      Balance of the Class 4A-4 Certificates immediately prior to such date by (y)
      the
      aggregate Class Principal Balance of the Class 4A-4 and Class 4A-6 Certificates
      immediately prior to such date. 

    
      
        
        

      

      
        11

        
          

        

      

       

    

     

    “Group
      4(A) NAS Priority Amount”:
      (a)
      With respect to any
      Distribution Date and for purposes of distributions to the Class 4A-4
      Certificates pursuant to Section 3.01(a)(ii)(D)(1)(a)ii. is equal to the lesser
      of (i) the sum of (x) the product of the Group 4(A) NAS Percentage for such
      date, the NAS Scheduled Principal Percentage for such date and 62.5396125102898%
      of the portion of the Scheduled Principal Amount for Collateral Group 4
      comprising a portion of the amount of the Senior Principal Distribution Amount
      for Collateral Group 4 for such Distribution Date necessary to reduce the
      aggregate Class Principal Balance of the Class 4A-3, Class 4A-4 and Class 4A-6
      Certificates to the PAC(C) Scheduled Amount for such Distribution Date and
      after
      giving effect to distributions made to the Class 4A-3 Certificates as described
      in Section 3.01(a)(ii)(D)(1)(a)i. and assuming that amounts distributed pursuant
      to such clause are attributable to the amounts described in clauses (1), (2)
      and
      (3) of the definition of “Senior Principal Distribution Amount” for Collateral
      Group 4 for such date in the same proportion as such amounts comprise the Senior
      Principal Distribution Amount for Collateral Group 4 for such date and (y)
      the
      product of the Group 4(A) NAS Percentage for such date, the NAS Prepayment
      Shift
      Percentage for such date and 62.5396125102898% of the Unscheduled Principal
      Amount for Collateral Group 4 comprising a portion of the amount of the Senior
      Principal Distribution Amount for Collateral Group 4 for such Distribution
      Date
      necessary to reduce the aggregate Class Principal Balance of the Class 4A-3,
      Class 4A-4 and Class 4A-6 Certificates to the PAC(C) Scheduled Amount for such
      Distribution Date and after giving effect to distributions made to the Class
      4A-3 Certificates as described in Section 3.01(a)(ii)(D)(1)(a)i. and assuming
      that amounts distributed pursuant to such clause are attributable to the amounts
      described in clauses (1), (2) and (3) of the definition of “Senior Principal
      Distribution Amount” for Collateral Group 4 for such date in the same proportion
      as such amounts comprise the Senior Principal Distribution Amount for Collateral
      Group 4 for such date and (ii) the aggregate Class Principal Balance of the
      Class 4A-4 Certificates immediately prior to such date. Notwithstanding the
      foregoing, (i) on and after the Credit Support Depletion Date, the Class 4A-4
      Certificates shall be entitled to their pro
      rata
      share of
      all scheduled and unscheduled payments of principal related to Collateral Group
      4 and (ii) on the date on which the Class Principal Balance of the Class 4A-6
      Certificates has been reduced to zero, the Class 4A-4 Certificates shall be
      entitled to any remaining Senior Principal Distribution Amount for Collateral
      Group 4 allocable to the Class 4A-6 Certificates and thereafter, the Group
      4(A)
      NAS Priority Amount will equal 62.5396125102898% of the Senior Principal
      Distribution Amount for Collateral Group 4.

     

    (b)
      With
      respect to any
      Distribution Date and for purposes of distributions to the Class 4A-4
      Certificates pursuant to Section 3.01(a)(ii)(D)(1)(c)ii. is equal to the lesser
      of (i) the sum of (x) the product of the Group 4(A) NAS Percentage for such
      date, the NAS Scheduled Principal Percentage for such date and 62.5396125102898%
      of the portion of the Scheduled Principal Amount for Collateral Group 4
      comprising a portion of the amount of the Senior Principal Distribution Amount
      for Collateral Group 4 for such Distribution Date after giving effect to
      distributions made to the Class 4A-3 Certificates as described in Section
      3.01(a)(ii)(D)(1)(c)i. and assuming that amounts distributed pursuant to such
      clause are attributable to the amounts described in clauses (1), (2) and (3)
      of
      the definition of “Senior Principal Distribution Amount” for Collateral Group 4
      for such date in the same proportion as such amounts comprise the Senior
      Principal Distribution Amount for Collateral Group 4 for such date and (y)
      the
      product of the Group 4(A) NAS Percentage for such date, the NAS Prepayment
      Shift
      Percentage for such date and 62.5396125102898% of the Unscheduled Principal
      Amount for Collateral Group 4 comprising a portion of the amount of the Senior
      Principal Distribution Amount for Collateral Group 4 for such Distribution
      Date
      after giving effect to distributions made to the Class 4A-3 Certificates as
      described in Section 3.01(a)(ii)(D)(1)(c)i. and assuming that amounts
      distributed pursuant to such clause are attributable to the amounts described
      in
      clauses (1), (2) and (3) of the definition of “Senior Principal Distribution
      Amount” for Collateral Group 4 for such date in the same proportion as such
      amounts comprise the Senior Principal Distribution Amount for Collateral Group
      4
      for such date and (ii) the aggregate Class Principal Balance of the Class 4A-4
      Certificates immediately prior to such date. Notwithstanding the foregoing,
      (i)
      on and after the Credit Support Depletion Date, the Class 4A-4 Certificates
      shall be entitled to their pro
      rata
      share of
      all scheduled and unscheduled payments of principal related to Collateral Group
      4 and (ii) on the date on which the Class Principal Balance of the Class 4A-6
      Certificates has been reduced to zero, the Class 4A-4 Certificates shall be
      entitled to any remaining Senior Principal Distribution Amount for Collateral
      Group 4 allocable to the Class 4A-6 Certificates and thereafter, the Group
      4(A)
      NAS Priority Amount will equal 62.5396125102898% of the Senior Principal
      Distribution Amount for Collateral Group 4.

    
      
        
        

      

      
        12

        
          

        

      

       

    

     

    "Group
      4(B) NAS Percentage":
      With
      respect to any Distribution Date, an amount equal to the lesser of (i) 100%
      and
      (ii) the percentage obtained by dividing (x) the aggregate Class Principal
      Balance of the Class 4A-7 and Class 4A-9 Certificates immediately prior to
      such
      date by (y) the aggregate Class Principal Balance of the Class 4A-7, Class
      4A-9,
      Class 4A-10 and Class 4A-11 Certificates immediately prior to such date.

     

    “Group
      4(B) NAS Priority Amount”:
      With
      respect to any Distribution Date, the lesser of (i) the sum of (x) the product
      of the Group 4(B) NAS Percentage for such date, the NAS Scheduled Principal
      Percentage for such date and 37.4603874897102% of the Scheduled Principal Amount
      for Collateral Group 4 and such date and (y) the product of the Group 4(B)
      NAS
      Percentage for such date, the NAS Prepayment Shift Percentage for such date
      and
      37.4603874897102% of the Unscheduled Principal Amount for Collateral Group
      4 and
      such date and
      (ii)
      the aggregate Class Principal Balance of the Class 4A-7
      and
      Class 4A-9 Certificates
      immediately prior to such date. Notwithstanding
      the foregoing, (i) on and after the Credit Support Depletion Date, the
Class
      4A-7
      and
      Class 4A-9 Certificates shall be entitled to their aggregate pro
      rata
      share of
      all scheduled and unscheduled payments of principal related to Collateral Group
      4 and (ii) on the date on which the aggregate Class Principal Balance of the
      Class 4A-10 and Class 4A-11 Certificates has been reduced to zero, the
Class
      4A-7
      and
      Class 4A-9 Certificates shall be entitled, pro
      rata,
      to any
      remaining Senior Principal Distribution Amount for Collateral Group 4 allocable
      to the Class 4A-10 and Class 4A-11 Certificates and thereafter, the Group 4(B)
      NAS Priority
      Amount will equal 37.4603874897102%
      of
      the
      Senior Principal Distribution Amount for Collateral Group 4. 

     

    “Group
      Subordinate Amount”:
      With
      respect to each Collateral Group and any Distribution Date, the excess of the
      sum of the Applicable Fractions of the Scheduled Principal Balance of the
      Mortgage Loans contributing to such Collateral Group for the immediately
      preceding Distribution Date for that Collateral Group over the total Certificate
      Balance of the Senior Certificates of the related Certificate Group immediately
      prior to such Distribution Date.

    
      
        
        

      

      
        13

        
          

        

      

       

    

     

    “GSMC”:
      Goldman Sachs Mortgage Company, or any successor in interest.

     

    “Interest
      Accrual Period”:
      For
      any Distribution Date (other than the first Distribution Date) and any regular
      interest in any REMIC created hereby or any Class of Certificates entitled
      to
      interest (other than the Class 2A-5, Class 2A-6, Class 3A-1, Class 3A-2, Class
      4A-1, Class 5A-1 and Class 5A-2 Certificates), the calendar month immediately
      preceding the calendar month in which such Distribution Date occurs. For any
      Distribution Date (other than the first Distribution Date) and the Class 2A-5,
      Class 2A-6, Class 3A-1, Class 3A-2, Class 4A-1, Class 5A-1 and Class 5A-2
      Certificates is the period beginning on and including the 25th day of the month
      immediately preceding the month in which such Distribution Date occurs and
      ending on and including the 24th day of the month in which such Distribution
      Date occurs. For the first Distribution Date and any regular interest in any
      REMIC created hereby or any Class of Certificates entitled to interest (other
      than the Class 2A-5, Class 2A-6, Class 3A-1, Class 3A-2, Class 4A-1, Class
      5A-1
      and Class 5A-2 Certificates) will accrue from July 1, 2006. For the first
      Distribution Date, interest on the Class 2A-5, Class 2A-6, Class 3A-1, Class
      3A-2, Class 4A-1, Class 5A-1 and Class 5A-2 Certificates will accrue from July
      25, 2006. The Principal Only Certificate shall not be entitled to any interest.
      

     

    “Interest
      Only Certificate”:
      Any
      Class 2A-6, Class 3A-2, Class 4A-8, Class 4A-14, Class 5A-2 or Class A-X
      Certificate.

     

    “Interest
      Rate Cap Agreements”:
      Any of
      the Class 3A-1 Interest Rate Cap Agreement or the Class 4A-1 Interest Rate
      Cap
      Agreement.

     

    “Interest
      Rate Cap Counterparty”:
      Bear
      Stearns Financial Products Inc.

     

    “Interests”:
      Each
      Class of REMIC Interests.

     

    “Junior
      Subordinate Certificates”:
      The
      Class B-4, Class B-5 and Class B-6 Certificates.

     

    “Liquidation
      Principal”:
      For
      any Distribution Date, the principal portion of Liquidation Proceeds received
      from each Mortgage Loan that became a Liquidated Mortgage Loan during the
      calendar month preceding the month of such Distribution Date.

     

    “Loan
      Group 1”:
      The
      Mortgage Loans identified on Schedule I as being in Loan Group 1.

     

    “Loan
      Group 2”:
      The
      Mortgage Loans identified on Schedule I as being in Loan Group 2. 

     

    “Loan
      Seller”:
      Countrywide.

     

    “Master
      Servicer”:
      Wells
      Fargo Bank, N.A., in its capacity as Master Servicer, or any successor master
      servicer.

    
      
        
        

      

      
        14

        
          

        

      

       

    

     

    “Master
      Servicing Fee”:
      With
      respect to any Distribution Date, all income and gain realized from the
      investment of funds in the Master Servicer Account during the period from and
      including the Servicer Remittance Date relating to such Distribution Date,
      to
      but excluding the Master Servicer Remittance Date relating to such Distribution
      Date. 

     

    “Maximum
      Rate”:
      With
      respect to any Distribution Date and any Class of Floating Rate Certificates,
      the amount set forth in the table in footnote 6 to the table in Section
      2.03(d).

     

    “Moody’s”:
      Moody’s Investors Service, Inc.

     

    “Mortgage
      Loans”:
      The
      mortgage loans identified on Schedule I hereto.

     

    “NAS
      Prepayment Shift Percentage”:
      With
      respect to any Distribution Date during the five years beginning on the first
      Distribution Date, 0%. Thereafter, for any Distribution Date occurring on or
      after the fifth anniversary of the first Distribution Date, as follows: for
      any
      Distribution Date in the first year thereafter, 30%; for any Distribution Date
      in the second year thereafter, 40%; for any Distribution Date in the third
      year
      thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%;
      and for any subsequent Distribution Date, 100%.

     

    “NAS
      Scheduled Principal Percentage”:
      With
      respect to any Distribution Date during the five years beginning on the first
      Distribution Date, 0%. Thereafter, for any Distribution Date occurring on or
      after the fifth anniversary of the first Distribution Date, 100%.

     

    “Net
      Rate”:
      With
      respect to each Mortgage Loan, the Note Rate of such Mortgage Loan less the
      Servicing Fee Rate and the rate on any primary mortgage insurance applicable
      to
      such Mortgage Loan. 

     

    “Note
      Rate”:
      For
      each Mortgage Loan, the rate at which the related promissory note accrues
      interest. For purposes of calculating the Certificate Rates on the Interests
      and
      Certificates, the Note Rate of a Mortgage Loan shall be calculated without
      regard to any modification, waiver or amendment of the interest rate of the
      Mortgage Loan, whether agreed to by the Servicer or resulting from a bankruptcy,
      insolvency or similar proceeding involving the related Mortgagor.

     

    “Notional
      Amount”:
      The
      Class 2A-6 Notional Amount, the Class 3A-2 Notional Amount, the Class 4A-8
      Notional Amount, the Class 4A-14 Notional Amount, the Class 5A-2 Notional Amount
      or the Class A-X Notional Amount, as applicable. For the avoidance of doubt,
      the
      Notional Amount is used to calculate distributions on the related Class of
      Certificates, but is not a principal amount or other amount to which a
      Certificateholder is entitled.

     

    “PAC(A)
      Certificates”
The
      Class 2A-3 Certificates.

     

    “PAC(A)
      Scheduled Amount”:
      With
      respect to any Distribution Date and the PAC(A) Certificates, the amount set
      forth on Schedule III attached hereto for such Distribution Date and such
      Certificates. 

     

    “PAC(B)
      Certificates”
The
      Class 3A-5 Certificates.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    “PAC(B)
      Scheduled Amount”:
      With
      respect to any Distribution Date and the PAC(B) Certificates, the amount set
      forth on Schedule III attached hereto for such Distribution Date and such
      Certificates. 

     

    “PAC(C)
      Certificates”:
      The
      Class 4A-3, Class 4A-4 and Class 4A-6 Certificates.

     

    “PAC(C)
      Scheduled Amount”:
      With
      respect to any Distribution Date and the PAC(C) Certificates, the amount set
      forth on Schedule III attached hereto for such Distribution Date and such
      Certificates. 

     

    “P&I
      Certificates”:
      All
      Classes of Certificates
      other
      than the Principal Only Certificates, the
      Interest
      Only Certificates and the Residual
      Certificates.

     

    “Payoffs”:
      Any
      prepayment in full on any Mortgage Loan.

     

    “Pool
      Balance”:
      For
      any Distribution Date and any Collateral Group, the sum of the products, for
      each Mortgage Loan contributing to such Collateral Group, of (i) the Applicable
      Fraction for such Mortgage Loan in respect of such Collateral Group and (ii)
      the
      outstanding principal balance of such Mortgage Loan as of the Due Date of the
      month in which such Distribution Date occurs.

     

    “Premium
      Loan”:
      Any
      Group 2 Mortgage Loan with a Net Rate greater than or equal to 7.50% per
      annum.

     

    “Prepayment
      Period”:
      With
      respect to each Distribution Date, the preceding calendar month.

     

    “Principal
      Distribution Amount”:
      For
      each Collateral Group and any Distribution Date, the sum of:

     

    (1) the
      Principal Payment Amount for such Collateral Group;

     

    (2) the
      Principal Prepayment Amount for such Collateral Group; and

     

    (3) the
      Applicable Fraction for each Mortgage Loan contributing to such Collateral
      Group
      of the Liquidation Principal derived from such Mortgage Loan.

     

    “Principal
      Only Certificate”:
      The
      Class 2A-7 Certificates.

     

    “Principal
      Payment Amount”:
      For
      each Collateral Group and any Distribution Date, the sum of the products, for
      each Mortgage Loan contributing to such Collateral Group, of (i) the Applicable
      Fraction for such Mortgage Loan in respect of such Collateral Group and (ii)
      the
      sum of the following amounts:

     

    (a) the
      principal portion of Scheduled Payments on such Mortgage Loan due on the related
      Due Date and received or advanced during the related Due
      Period;

    
      
        
        

      

      
        16

        
          

        

      

       

    

     

    (b) the
      principal portion of repurchase proceeds received on such Mortgage Loan if
      such
      Mortgage Loan was repurchased as permitted or required by this Trust Agreement
      during the calendar month preceding the month of such Distribution Date;
      and

     

    (c) any
      other
      unscheduled payments of principal which were received on such Mortgage Loan
      during the period beginning on and including the second day of the preceding
      calendar month and ending on and including the first day of the current calendar
      month, other than Payoffs, Curtailments, or Liquidation Principal.

     

    “Principal
      Prepayment Amount”:
      For
      any Distribution Date and any Collateral Group, the sum of the products, for
      each Mortgage Loan contributing to such Collateral Group, of (i) the Applicable
      Fraction for such Mortgage Loan in respect of such Collateral Group and (ii)
      all
      Payoffs and Curtailments for such Mortgage Loan that were received during the
      preceding calendar month or received during the period beginning on and
      including the second day of the preceding calendar month and ending on and
      including the first day of the current calendar month (as specified in the
      related Servicing Agreement).

     

    “Private
      Certificates”:
      The
      Junior Subordinate Certificates.

     

    “Qualified
      Institutional Buyer”:
      Any
“qualified institutional buyer” as defined in clause 7(a) of Rule 144A
      promulgated under the Securities Act.

     

    “Rating
      Agency”:
      Each
      of Fitch, S&P and Moody’s.

     

    “Record
      Date”:
      For
      each Class of Certificates, the last Business Day of the related Interest
      Accrual Period.

     

    “REMIC”:
      As
      specified in the preliminary statement.

     

    “REMIC
      Class”
or
      “REMIC
      Certificate”:
      Each
      Class of Certificates or Certificate, as applicable, issued by REMIC UT pursuant
      to Section 2.03 and the Class RC and Class R Certificates.

     

    “REMIC
      Interests”:
      Each
      Class of REMIC interests issued pursuant to Section 2.03.

     

    “REMIC
      LT1”:
      One of
      the real estate mortgage investment conduits created hereunder, which consists
      of the Mortgage Loans and the REMIC LT1 Distribution Account.

     

    “REMIC
      LT1 Regular Interests”:
      The
      regular interests issued by REMIC LT1 as specified in Section 2.03.

     

    “REMIC
      MT”:
      One of
      the real estate mortgage investment conduits created hereunder, which consists
      of the REMIC LT1 Regular Interests and the REMIC MT Distribution
      Account.

     

    “REMIC
      MT Regular Interests”:
      The
      regular interests issued by REMIC MT as specified in Section
      2.03.

    
      
        
        

      

      
        17

        
          

        

      

       

    

     

    “REMIC
      UT”:
      One of
      the real estate mortgage investment conduits created hereunder, which consists
      of the REMIC MT Regular Interests and the REMIC UT Distribution
      Account.

     

    “REMIC
      UT Regular Interests”:
      The
      regular interests issued by REMIC UT as specified in Section 2.03.

     

    “Remittance
      Date”:
      For
      each Mortgage Loan and any Distribution Date, as set forth in the related
      Servicing Agreement. 

     

    “Residual
      Certificates”:
      The
      Class RC and Class R Certificates.

     

    “Rule
      144A Certificates”:
      The
      Junior Subordinate Certificates.

     

    “S&P”:
      Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
      Inc.

     

    “Sale
      and Servicing Agreement”:
      collectively, (i) the Servicing Agreement dated as of July 1, 2004, between
      GSMC, as owner, and Countrywide Servicing, as servicer, as amended by Amendment
      Reg AB, dated as of January 1, 2006 by and between GSMC and Countrywide; and
      (ii) the Master Mortgage Loan Purchase Agreement dated as of July 1, 2004
      between GSMC, as purchaser, and Countrywide, as seller, as amended by Amendment
      Reg AB, dated as of January 1, 2006 by and between GSMC and Countrywide.

     

    “Scheduled
      Final Distribution Date”:
      For
      each Class of Certificates, the respective dates specified in Section
      2.03(e).

     

    “Scheduled
      Payments”:
      With
      respect to any Mortgage Loan, the monthly payments of principal and interest
      payable by the related Mortgagor pursuant to the related amortization
      schedule.

     

    “Scheduled
      Principal Amount”:
      With
      respect to each Collateral Group and any Distribution Date, an amount equal
      to
      the amount described in clause (i) of the definition of Senior Principal
      Distribution Amount.

     

    “Securities
      Administrator”:
      Wells
      Fargo Bank, National Association in its capacity as Securities Administrator
      under this Trust Agreement, or any successor securities
      administrator.

     

    “Senior
      Certificates”:
      The
      Class A Certificates.

     

    “Senior
      Collateral Group Percentage”:
      For
      Collateral Group 1, Collateral Group 2, Collateral Group 3, Collateral Group
      4
      and Collateral Group 5 shall equal (i) as of the Closing Date, 96.30%, 96.30%,
      96.30%, 96.30% and 96.30%, respectively, and (ii) for any Distribution Date
      thereafter shall be a fraction expressed as a percentage equal to (a) the sum
      of
      the Certificate Balances of the Senior Certificates related to such Collateral
      Group immediately preceding such Distribution Date, over (b) the sum of the
      products, for each Mortgage Loan contributing to such Collateral Group, of
      (x)
      the Applicable Fraction for such Mortgage Loan in respect of such Collateral
      Group and (y) the outstanding principal balance of such Mortgage Loan as of
      the
      Due Date of the month in which such Distribution Date occurs.

    
      
        
        

      

      
        18

        
          

        

      

       

    

     

    “Senior
      Interests”:
      All of
      the REMIC M-T Regular Interests except those corresponding to a Class B
      Certificate.

     

    “Senior
      Liquidation Amount”:
      For
      any Distribution Date and any Collateral Group, the aggregate, for each Mortgage
      Loan contributing to such Collateral Group that became a Liquidated Mortgage
      Loan during the calendar month preceding the month of such Distribution Date,
      of
      the Applicable Fraction of the lesser of (i) the related Senior Collateral
      Group
      Percentage of the scheduled principal balance of such Mortgage Loan and (ii)
      the
      applicable Senior Prepayment Percentage of the Liquidation Principal derived
      from such Mortgage Loan. 

     

    “Senior Prepayment Percentage”:
      For
      each Collateral Group, as follows: (i) on any Distribution Date occurring before
      the Distribution Date in the month of August 2011, 100%; (ii) on any other
      Distribution Date on which the related Senior Collateral Group Percentage for
      such Distribution Date exceeds the initial Senior Collateral Group Percentage
      as
      of the Cut-Off Date, 100% (in which case, the Senior Prepayment Percentage
      for
      each other Collateral Group shall also equal 100% for such Distribution Date);
      and (iii) on any other Distribution Date in the month of August 2011, and
      thereafter, 100%, unless:

     

    (a) the
      mean
      of the sum of the Applicable Fractions of the Scheduled Principal Balances
      of
      the Mortgage Loans contributing to each related Collateral Group that are 60
      or
      more days delinquent (including Mortgage Loans in foreclosure or bankruptcy
      and
      property held by the Trust) for each of the immediately preceding three calendar
      months is less than or equal to 50% of the Group Subordinate Amount for such
      Collateral Group as of such Distribution Date, and

     

    (b) the
      sum
      of the Applicable Fractions of the cumulative Realized Losses on the Mortgage
      Loans contributing to each related Collateral Group are less than or equal
      to
      the following percentage of the aggregate Group Subordinate Amount for such
      Collateral Group:

     

    
      	
              Distribution
                Date Occurring In

            	 	
              Percentage
                of the aggregate Group Subordination
                Amount as of the Cut-Off Date

            	 
	
              August
                2011 through July 2012

            	 	 	
              30

            	
              %

            
	
              August
                2012 through July 2013

            	 	 	
              35

            	
              %

            
	
              August
                2013 through July 2014

            	 	 	
              40

            	
              %

            
	
              August
                2014 through July 2015

            	 	 	
              45

            	
              %

            
	
              August
                2015 and thereafter 

            	 	 	
              50

            	
              %

            

    

    

     

    in
      which
      case, the Senior Prepayment Percentage for each Collateral Group shall be as
      follows:

    
      
        
        

      

      
        19

        
          

        

      

       

    

     

    
      	
              Distribution
                Date Occurring In or On

            	 	
              Senior
                Prepayment Percentage

            	 
	
              August
                2006 through July 2011

            	 	 	
              100%

            	
               

            
	 	 	 	
               

            	 
	
              August
                2011 through July 2012

            	 	 	
              Senior
                Collateral Group Percentage for such Collateral Group + 70% of the
                related
                Subordinate Percentage

            	 
	 	 	 	 	 
	
              August
                2012 through July 2013

            	 	 	
              Senior
                Collateral Group Percentage for such Collateral Group + 60% of the
                related
                Subordinate Percentage

            	 
	 	 	 	 	 
	
              August
                2013 through July 2014

            	 	 	
              Senior
                Collateral Group Percentage for such Collateral Group + 40% of the
                related
                Subordinate Percentage

            	 
	 	 	 	 	 
	
              August
                2014 through July 2015

            	 	 	
              Senior
                Collateral Group Percentage for such Collateral Group + 20% of the
                related
                Subordinate Percentage

            	 
	 	 	 	 	 
	
              August
                2015 through the Distribution Date immediately preceding the Final
                Distribution Date

            	 	 	
              
              

              Senior
                Collateral Group Percentage for such Collateral Group

            	 
	 	 	 	 	 
	
              Final
                Distribution Date 

            	 	 	
              
                100%

              

            	
               

            

    

     

    If
      on any
      Distribution Date the allocation to the P&I Certificates of Principal
      Prepayments in the percentage required would reduce the sum of the Certificate
      Balances of the P&I Certificates below zero, the Senior Prepayment
      Percentage for such Distribution Date shall be equal to the percentage necessary
      to reduce such sum to zero.

     

    “Senior
      Principal Distribution Amount”:
      For
      any Distribution Date and each Collateral Group shall equal the sum
      of:

     

    
      	 	
              (i)

            	
              the
                related Senior Collateral Group Percentage of the related Principal
                Payment Amount for such Distribution
                Date;

            

    

     

    
      	 	
              (ii)

            	
              the
                related Senior Prepayment Percentage of the related Principal Prepayment
                Amount for such Distribution Date;
                and

            

    

     

    
      	 	
              (iii)

            	
              the
                related Senior Liquidation Amount for such Distribution
                Date.

            

    

     

    “Senior
      Subordinate Certificates”:
      The
      Class M-1, Class B-1, Class B-2 and Class B-3 Certificates.

     

    “Servicer”:
      Countrywide Servicing and its respective successors or assigns, in its capacity
      as servicer under the related Sale and Servicing Agreement.

     

    “Servicing
      Fee Rate”:
      For
      each Mortgage Loan, the per annum fee described in Schedule I
      hereto.

     

    “Servicemembers
      Shortfall”:
      Any
      shortfall in amounts paid by any Mortgagors on the related Mortgage Loan that
      occurs pursuant to the Servicemembers Civil Relief Act, as amended, or
      comparable state or local laws affording relief to members of the armed
      forces.

    
      
        
        

      

      
        20

        
          

        

      

       

    

     

    “Subgroup
      1-A”:
      The
      Mortgage Loans in Loan Group 1 with Net Rates greater than or equal to 6.00%
      and
      less than 6.50%.

     

    “Subgroup
      1-B”:
      The
      Mortgage Loans in Loan Group 1 with Net Rates greater than or equal to 6.50%
      and
      less than 7.50%.

     

    “Subgroup
      2-A”:
      The
      Mortgage Loans in Loan Group 2 with Net Rates greater than or equal to 5.00%
      and
      less than 6.00%.

     

    “Subgroup
      2-B”:
      The
      Mortgage Loans in Loan Group 2 with Net Rates greater than or equal to 6.00%
      and
      less than 6.25%.

     

    “Subgroup
      2-C”:
      The
      Mortgage Loans in Loan Group 2 with Net Rates greater than or equal to 6.25%
      and
      less than 7.50%.

     

    “Subgroup
      2-D”:
      The
      Mortgage Loans in Loan Group 2 with Net Rates greater than or equal to
      7.50%.

     

    “Subordinate
      Certificates”:
      The
      Class M and Class B Certificates.

     

    “Subordinate
      Class Percentage”:
      For
      each Class of Subordinate Certificates and each Distribution Date, the
      percentage obtained by dividing the Class Principal Balance of such Class
      immediately prior to such Distribution Date by the aggregate Certificate
      Principal Balance of all related Subordinate Certificates immediately prior
      to
      such date.

     

    “Subordinate
      Interests”:
      The
      Interest corresponding to the Subordinate Certificates.

     

    “Subordinate
      Liquidation Amount”:
      For any
      Distribution Date and Collateral Group, the Applicable Fraction of the related
      Liquidation Principal in respect of each Mortgage Loan contributing to such
      Collateral Group which became a Liquidated
      Mortgage Loan
      during
      the calendar month preceding the month of such Distribution Date, minus the
      related Senior
      Liquidation Amount for
      such
      Distribution Date.

     

    “Subordinate
      Percentage”:
      For
      any Collateral Group and any Distribution Date, 100% minus the Senior Collateral
      Group Percentage for such Collateral Group. The Subordinate Percentages as
      of
      the Closing Date shall be 3.70%, 3.70%, 3.70%, 3.70% and 3.70% for Collateral
      Group 1, Collateral Group 2, Collateral Group 3, Collateral Group 4 and
      Collateral Group 5 respectively.

     

    “Subordinate
      Prepayment Percentage”:
      For
      any Distribution Date and any Collateral Group, the excess of 100% over the
      Senior Prepayment Percentage for such Collateral Group. Initially, the
      Subordinate Prepayment Percentage for each Collateral Group shall be
      0%.

     

    “Subordinate
      Principal Distribution Amount”:
      For
      any Distribution Date and any Collateral Group, the sum of:

     

    
      	 	
              (i)

            	
              the
                related Subordinate Percentage of the related Principal Payment
                Amount;

            

    

     

    
      
        
        

      

      
        21

        
          

        

      

       

    

     

    
      	 	
              (ii)

            	
              the
                related Subordinate Principal Prepayment Amount;
                and

            

    

     

    
      	 	
              (iii)

            	
              the
                related Subordinate Liquidation
                Amount.

            

    

     

    Any
      reduction in the Subordinate Principal Distribution Amount for any Collateral
      Group pursuant to the proviso above shall reduce the amount calculated pursuant
      to clause (i), clause (iii) and clause (ii), in that order in each case of
      the
      definition thereof, and such amounts shall nevertheless reduce the Certificate
      Balance of the applicable Class of Subordinate Certificates.

     

    “Subordinate
      Principal Prepayment Amount”:
      For
      each Distribution Date and each Collateral Group, the Subordinate Prepayment
      Percentage of the related Principal Prepayment Amount.

     

    “Subordination
      Levels”:
      For
      any Class of Subordinate Certificates and any specified date, a fraction
      expressed as a percentage equal to (i) the sum of the Class Principal Balances
      of all Classes of Subordinate Certificates that are subordinate to such Class,
      over (ii) the sum of the Class Principal Balances of all related Classes of
      Certificates as of such date, before giving effect to distributions on such
      date, and allocations of Realized Losses on such date.

     

    “Subsequent
      Recovery”:
      With
      respect to any Liquidated Mortgage Loan on which a Realized Loss has occurred,
      any amount that the related Servicer ultimately recovers in respect of such
      Liquidated Mortgage Loan, net of the reasonable fees of the Servicer associated
      with such recovery.

     

    “Trust
      Estate”:
      As
      defined in Section 2.01 hereof.

     

    “Trust
      Agreement”:
      This
      Master Servicing and Trust Agreement, dated as of July 1, 2006, which
      incorporates by reference the Standard Terms to Master Servicing and Trust
      Agreement (July 2006 edition); provided that any references in any documents
      required to be provided pursuant to the terms of this Trust Agreement, including
      references in documents within the Trustee Mortgage Loan File, to a Trust
      Agreement dated as of July 1, 2006, shall be deemed to refer to this Trust
      Agreement.

     

    “Trustee”:
      U.S.
      Bank National Association, not in its individual capacity but solely as Trustee
      under this Trust Agreement, or its successor in interest, or any successor
      trustee appointed as herein provided.

     

    “UCC”:
      The
      Uniform Commercial Code as in effect in the State of New York.

     

    “Undercollateralization
      Distribution”:
      As
      defined in Section 3.01 hereof.

     

    “Undercollateralized
      Group”:
      On any
      Distribution Date, any Collateral Group for which the total Certificate Balance
      of the Senior Certificates of the related Certificate Group is greater than
      the
      Pool Balance of such Collateral Group.

    
      
        
        

      

      
        22

        
          

        

      

       

    

     

    “Unscheduled
      Principal Amount”:
      With
      respect to each Collateral Group and any Distribution Date, an amount equal
      to
      the sum of the amounts described in clauses (ii) and (iii) of the definition
      of
      Senior Principal Distribution Amount.

     

    “Verified
      Information”:
      As
      defined in the Custodial Agreement.

     

    ARTICLE
      II.

     

    FORMATION
      OF TRUST; CONVEYANCE OF MORTGAGE LOANS

     

    Section
      2.01.  Conveyance
      to the Trustee.

     

    (a)  To
      provide for the distribution of the principal of and interest on the
      Certificates and Interests in accordance with their terms, all of the sums
      distributable under this Trust Agreement with respect to the Certificates and
      the Interests and the performance of the covenants contained in this Trust
      Agreement, the Depositor hereby bargains, sells, conveys, assigns and transfers
      to the Trustee, in trust, without recourse and for the exclusive benefit of
      the
      Holders of the Certificates, all of the Depositor’s right, title and interest in
      and to any and all benefits accruing to the Depositor from: (i) the Mortgage
      Loans, the related Trustee Mortgage Loan Files, and all Monthly Payments due
      thereon after the Cut-Off Date and all principal prepayments collected with
      respect to the Mortgage Loans and paid by a Borrower on or after the Cut-Off
      Date, and proceeds of the conversion, voluntary or involuntary, of the
      foregoing; (ii) the Sale and Servicing Agreements; provided
      that the
      Depositor hereby reserves its right to indemnification under the Sale and
      Servicing Agreements; (iii) the Custodial Agreement; (iv) the Assignment
      Agreements; (v) the Distribution Account, the Master Servicer Account, the
      Certificate Account and the Collection Accounts and (vi) proceeds of all of
      the
      foregoing (including, without limitation, all amounts, other than investment
      earnings, from time to time held or invested in the Collection Account and
      the
      Certificate Account, whether in the form of cash, instruments, securities or
      other property, all proceeds of any mortgage insurance, mortgage guarantees,
      hazard insurance, or title insurance policy relating to the Mortgage Loans,
      cash
      proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel
      paper, checks, deposit accounts, rights to payment of any and every kind, and
      other forms of obligations and receivables, which at any time constitute all
      or
      part or are included in the proceeds of any of the foregoing) to pay the REMIC
      Interests and the Certificates as specified herein (items (i) through (v) above
      shall be collectively referred to herein as the “Trust
      Estate”).
      

     

    (b)  It
      is
      intended that the conveyance of the Trust Estate by the Depositor to the Trustee
      as provided in this Section be, and be construed as, a sale of the Trust Estate
      by the Depositor to the Trustee for the benefit of the Certificateholders.
      It
      is, further, not intended that such conveyance be deemed a pledge of the Trust
      Estate by the Depositor to the Trustee to secure a debt or other obligation
      of
      the Depositor. However, in the event that the Trust Estate is held to be the
      property of the Depositor, or if for any reason this Agreement is held or deemed
      to create a security interest in the Trust Estate, then it is intended that
      this
      Agreement shall also be deemed to be a security agreement within the meaning
      of
      Articles 8 and 9 of the UCC and the corresponding articles of the Uniform
      Commercial Code of any other applicable jurisdiction; and the Depositor hereby
      grants to the Trustee for the benefit of the Certificateholders a security
      interest in all of the Depositor’s right, title and interest, whether now owned
      or existing or hereafter acquired or arising, in and to the Trust Estate. The
      Depositor and the Trustee, at the Depositor’s direction and expense, 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
      assets constituting the Trust Estate described above, 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.

    
      
        
        

      

      
        23

        
          

        

      

       

    

     

    (c)  The
      foregoing sale, transfer, assignment, set-over and conveyance does not and
      is
      not intended to result in the creation of an assumption by the Trustee of any
      obligation of the Depositor, the Seller or any other person in connection with
      the Mortgage Loans, the Sale and Servicing Agreements, the Assignment Agreements
      or under any agreement or instrument relating thereto except as specifically
      set
      forth herein.

     

    (d)  It
      is
      agreed and understood by the Depositor and the Trustee (and the Depositor so
      represents and recognizes) that it is not intended that any Mortgage Loan to
      be
      included in the Trust Estate be (i) a “High-Cost Home Loan” as defined in the
      New Jersey Home Ownership Act effective November 27, 2003, (ii) a “High-Cost
      Home Loan” as defined in the New Mexico Home Loan Protection Act effective
      January 1, 2004, (iii) a “High-Cost Home Mortgage Loan” as defined in the
      Massachusetts Predatory Home Loan Practices Act effective November 7, 2004
      or
      (iv) a “High Cost Home Loan” as defined in the Indiana Home Loan Practices Act
      effective February 1, 2005.

     

    Section
      2.02.  Acceptance
      by the Trustee and Securities Administrator.

     

    By
      its
      execution of this Trust Agreement, the Trustee acknowledges and declares that
      it
      holds and shall hold or has agreed to hold (in each case through the applicable
      Custodian) all documents delivered to any such person from time to time with
      respect to the Mortgage Loans and all assets included in the definition of
      Trust
      Estate herein in trust for the exclusive use and benefit of all present and
      future Holders of the Certificates. The Trustee has not created and shall not
      create, and no Officer of the Trustee has any actual knowledge or has received
      actual notice of, any interest in the Trust Estate contrary to the interests
      created by this Trust Agreement. The Trustee has not entered, nor intends to
      enter, into any subordination agreement or intercreditor agreement with respect
      to any assets included in the Trust Estate.

     

    Pursuant
      to Section 2.02(f) of the Standard Terms, the Depositor acknowledges the
      appointment of each Custodian and agrees to deliver, or cause to be delivered,
      to each Custodian all Mortgage Loan documents that are to be included in the
      Trustee Mortgage Loan File for each Mortgage Loan for which each Custodian
      shall
      act as custodian. The Depositor and each Custodian acknowledge that, pursuant
      to
      the Custodial Agreement and in connection with the formation of the Trust,
      the
      Depositor hereby assigns each Custodial Agreement to the Trustee and agrees
      to
      cause a receipt to be issued in the name of the Trustee. It is understood that
      each Custodian will charge for its services under this Agreement as set forth
      in
      a separate agreement between such Custodian and the Securities Administrator,
      the payment of which fees and expenses (as set forth in such separate agreement)
      shall be the sole obligation of the Securities Administrator. The Securities
      Administrator will further pay or reimburse the Custodian upon its request
      for
      all reasonable expenses, disbursements and advances incurred or made by the
      Custodian in accordance with this Agreement, the Custodial Agreement and any
      document executed in connection herewith or therewith.

    
      
        
        

      

      
        24

        
          

        

      

       

    

     

    Pursuant
      to a separate agreement, the Master Servicer shall pay the Trustee fee and
      the
      Securities Administrator fee from the Master Servicing Fee.

     

    Section
      2.03.  REMIC
      Elections and REMIC Interests Designations.

     

    (a)  REMIC
      Elections. Elections shall be made by the Securities Administrator to treat
      the
      assets of the Trust Estate described in the definition of the term “REMIC LT1,”
the assets of the Trust Estate described in the definition of the term “REMIC
      MT,” and the assets of the Trust Estate described in the definition of the term
      “REMIC UT” as separate REMICs for federal income tax purposes. The REMIC LT1
      Regular Interests shall constitute the regular interests in REMIC LT1; the
      REMIC
      MT Regular Interests shall constitute the REMIC regular interests in REMIC
      MT;
      and the REMIC UT Regular Interests shall constitute the regular interests in
      REMIC UT. The Class RC Certificates shall represent ownership of the sole Class
      of residual interest in REMIC LT1. The Class R Certificates shall represent
      ownership of the sole Class of residual interests in REMIC MT and REMIC UT.
      References in the Standard Terms to REMIC I and REMIC II shall be deemed, for
      purposes of this Trust Agreement, to refer to REMIC LT1, REMIC MT and REMIC
      UT
      referred to herein, as modified by this Trust Agreement.

     

    (b)  REMIC
      LT1
      Interests. REMIC LT1 shall issue each of the following Classes of Interests
      in
      book-entry form, each of which shall be a Class of REMIC LT1 Interests, having
      the following Certificate Rates and initial principal balances:

     

    
      	
              Class

            	 	
              Initial
                Certificate Balance

              Or
                Notional Amount

            	 	
              Certificate
                Rate

            	 
	
              LT1-Pool

            	 	 	
              (1

            	
              )

            	 	
              (2

            	
              )

            
	
              LT1-Sub-A

            	 	 	
              (3

            	
              )

            	 	
              (2

            	
              )

            
	
              LT1-Sub-B

            	 	 	
              (3

            	
              )

            	 	
              (2

            	
              )

            
	
              LT1-AX

            	 	 	
              (4

            	
              )

            	 	
              7.00

            	
              %

            
	
              RC

            	 	 	
              (5

            	
              )

            	 	
              (5

            	
              )

            

    

     

    
      

    

    
      	 	
              (1)

            	
              This
                interest shall have an initial principal balance equal to the excess
                of
                (i) the aggregate principal balance of the Mortgage Loans as of the
                Cut-Off Date, over (ii) the aggregate initial principal balance of
                each
                other regular interest in REMIC
                LT1.

            

    

     

     

    
      	 	
              (2)

            	
              This
                Interest shall bear interest for any Interest Accrual Period equal
                to (i)
                the weighted average of the Net Rates of all the Mortgage Loans as
                of the
                beginning of such Interest Accrual Period, weighted on the Scheduled
                Principal Balance of each such Mortgage Loan as of the first day
                of the
                preceding calendar month and determined by subjecting the Net Rate
                of each
                such Mortgage Loan to a cap equal to the Designated Rate for the
                related
                Collateral Group over (ii) (x) the sum of any expenses payable to
                the
                Securities Administrator or to the Trustee (to the extent such expenses
                were not taken into account in computing the Net Rate of any Mortgage
                Loan
                and do not constitute “unanticipated expenses” of a REMIC within the
                meaning of Treasury Regulation Section 1.860G-1(b)(3)(ii)) divided
                by (y)
                the aggregate Scheduled Principal Balance of the Mortgage Loans as
                of the
                beginning of such Interest Accrual
                Period.

            

    

     

    
      
        
        

      

      
        25

        
          

        

      

       

    

     

     

    
      	 	
              (3)

            	
              This
                Interest shall have an initial principal balance of 1% of the aggregate
                Scheduled Principal Balance of the Mortgage Loans as of the Cut-Off
                Date.

            

    

     

    
      	 	
              (4)

            	
              This
                Interest shall have a notional balance, which for any Distribution
                Date
                shall be equal to the Class A-X Notional Amount.
                

            

    

     

    
      	 	
              (5)

            	
              The
                Class RC Certificate shall not be entitled to payments of principal
                or
                interest.

            

    

     

    (c) REMIC
      MT.
      REMIC MT shall issue the following Classes of Interests in book-entry form,
      with
      the designations, initial principal balances and Certificate Rates indicated,
      each of which shall be a Class of REMIC MT Interests:

    

    
      	
              Class

            	 	
              Initial
                Class

              Principal
                Balance

            	 	
              Certificate
                Rate

            	 	
              Corresponding

              Class
                of Certificates

            	 
	
              MT-1A-1

            	 	 	
              (1

            	
              )

            	 	
              5.00

            	
              %

            	 	
              1A-1

            	 
	
              MT-2A-3

            	 	 	
              (1

            	
              )

            	 	
              6.00

            	
              %

            	 	
              2A-3

            	 
	
              MT-2A-5

            	 	 	
              (1

            	
              )

            	 	
              7.50

            	
              %

            	 	
              2A-5,
                2A-6

            	 
	
              MT-2A-7

            	 	 	
              (1

            	
              )

            	 	
              0.00

            	
              %

            	 	
              2A-7

            	 
	
              MT-2A-10

            	 	 	
              (1

            	
              )

            	 	
              6.00

            	
              %

            	 	
              2A-10

            	 
	
              MT-2A-11

            	 	 	
              (1

            	
              )

            	 	
              6.00

            	
              %

            	 	
              2A-11

            	 
	
              MT-2A-12

            	 	 	
              (1

            	
              )

            	 	
              6.00

            	
              %

            	 	
              2A-12

            	 
	
              MT-2A-13

            	 	 	
              (1

            	
              )

            	 	
              6.00

            	
              %

            	 	
              2A-13

            	 
	
              MT-3A-1

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-1,
                3A-2

            	 
	
              MT-3A-3

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-3

            	 
	
              MT-3A-4

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-4

            	 
	
              MT-3A-5

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-5

            	 
	
              MT-3A-6

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-6

            	 
	
              MT-3A-7

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-7

            	 
	
              MT-3A-8

            	 	 	
              (1

            	
              )

            	 	
              6.25

            	
              %

            	 	
              3A-8

            	 
	
              MT-4A-1

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-1

            	 
	
              MT-4A-3

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-3,
                4A-14

            	 
	
              MT-4A-4

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-4

            	 
	
              MT-4A-6

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-6

            	 
	
              MT-4A-7

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-7,
                4A-8

            	 
	
              MT-4A-9

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-9

            	 
	
              MT-4A-10

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-10

            	 
	
              MT-4A-11

            	 	 	
              (1

            	
              )

            	 	
              6.50

            	
              %

            	 	
              4A-11

            	 
	
              MT-5A-1

            	 	 	
              (1

            	
              )

            	 	
              7.50

            	
              %

            	 	
              5A-1,
                5A-2

            	 
	
              MT-A-X

            	 	 	
              (2

            	
              )

            	 	
              7.00

            	
              %

            	 	
              A-X

            	 
	
              MT-M-1

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              M-1

            	 
	
              MT-B-1

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-1

            	 
	
              MT-B-2

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-2

            	 
	
              MT-B-3

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-3

            	 
	
              MT-B-4

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-4

            	 

    

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

     

    
      	
              Class

            	 	
              Initial
                Class

              Principal
                Balance

            	 	
              Certificate
                Rate

            	 	
              Corresponding

              Class
                of Certificates

            	 
	
              MT-B-5

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-5

            	 
	
              MT-B-6

            	 	 	
              (1

            	
              )

            	 	
              (3

            	
              )

            	 	
              B-6

            	 
	
              II-R

            	 	 	
              (4

            	
              )

            	 	
              (4

            	
              )

            	 	
              R

            	 

    

     

    
      

    

    
      	 	
              (1)

            	
              This
                initial Class principal balance for this Interest shall equal the
                Initial
                Class Principal Balance of its Corresponding Class of Certificates,
                but
                shall not include the Notional Amount of any Interest Only
                Certificate.

            

    

     

    
      	 	
              (2)

            	
              This
                interest shall have a notional balance, which for any Distribution
                Date
                shall be equal to the Class A-X Notional
                Amount.

            

    

     

    
      	 	
              (3)

            	
              For
                each Distribution Date (and the related Interest Accrual Period)
                this
                Interest shall bear interest at a per annum rate equal to the B Average
                Rate, adjusted to take into account the sum of any expenses payable
                to the
                Securities Administrator or the Trustee (to the extent (i) not taken
                into
                account in computing the Net Rate of any Mortgage Loan, (ii) such
                expense
                is not an “unanticipated expense” within the meaning of the Treasury
                Regulation Section 1.860G-1(b)(3)(ii) and (iii) such expense was
                not taken
                into account in computing the interest rate of an interest with a
                greater
                level of subordination).

            

    

     

    
      	 	
              (4)

            	
              The
                Class II-R interest shall not be entitled to payments of principal
                or
                interest.

            

    

     

    (d) REMIC
      UT.
      REMIC UT shall issue the following Classes of Certificates (other than the
      Class
      RC and Class R Certificates), with the designations, initial Certificate
      Balances and Certificate Rates indicated, each of which (other than the Class
      RC
      and Class R Certificates) shall be a Class of REMIC UT Regular
      Interests.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    
      
        	
                Class

              	 	
                Initial
                  Certificate Balance

                Or
                  Notional Amount

              	 	
                Certificate
                  Rate

              	 
	
                1A-1

              	 	
                $

              	
                6,620,000

              	 	 	
                5.00

              	
                %

              
	
                2A-3(1)

              	 	
                $

              	
                38,660,000

              	 	 	
                6.00

              	
                %

              
	
                2A-5(1)

              	 	
                $

              	
                28,127,200

              	 	 	
                (6

              	
                )

              
	
                2A-6(1)

              	 	
                $

              	
                28,127,200(2)

              	
                 

              	 	
                (6

              	
                )

              
	
                2A-7(1)

              	 	
                $

              	
                7,031,800

              	 	 	
                0.00

              	
                %

              
	
                2A-10(1)

              	 	
                $

              	
                8,726,000

              	 	 	
                6.00

              	
                %

              
	
                2A-11(1)

              	 	
                $

              	
                7,993,000

              	 	 	
                6.00

              	
                %

              
	
                2A-12(1)

              	 	
                $

              	
                9,400,000

              	 	 	
                6.00

              	
                %

              
	
                2A-13(1)

              	 	
                $

              	
                660,000

              	 	 	
                6.00

              	
                %

              
	
                3A-1

              	 	
                $

              	
                77,984,000

              	 	 	
                (6

              	
                )

              
	
                3A-2

              	 	
                $

              	
                77,984,000(2)

              	
                 

              	 	
                (6

              	
                )

              
	
                3A-3

              	 	
                $

              	
                3,117,000

              	 	 	
                6.25

              	
                %

              
	
                3A-4

              	 	
                $

              	
                25,851,000

              	 	 	
                6.25

              	
                %

              
	
                3A-5

              	 	
                $

              	
                78,342,000

              	 	 	
                6.25

              	
                %

              
	
                3A-6

              	 	
                $

              	
                42,711,000

              	 	 	
                6.25

              	
                %

              
	
                3A-7

              	 	
                $

              	
                2,990,000

              	 	 	
                6.25

              	
                %

              
	
                3A-8

              	 	
                $

              	
                622,000

              	 	 	
                6.25

              	
                %

              
	
                4A-1

              	 	
                $

              	
                50,000,000

              	 	 	
                (6

              	
                )

              
	
                4A-3(1)

              	 	
                $

              	
                63,214,000

              	 	 	
                6.20

              	
                %

              
	
                4A-4(1)

              	 	
                $

              	
                498,000

              	 	 	
                6.50

              	
                %

              
	
                4A-6(1)

              	 	
                $

              	
                2,526,000

              	 	 	
                6.50

              	
                %

              
	
                4A-7(1)

              	 	
                $

              	
                13,014,000

              	 	 	
                6.00

              	
                %

              
	
                4A-8(1)

              	 	
                $

              	
                1,001,076(2)

              	
                 

              	 	
                6.50

              	
                %

              
	
                4A-9(1)

              	 	
                $

              	
                911,000

              	 	 	
                6.50

              	
                %

              
	
                4A-10(1)

              	 	
                $

              	
                46,270,000

              	 	 	
                6.50

              	
                %

              
	
                4A-11(1)

              	 	
                $

              	
                9,430,000

              	 	 	
                6.50

              	
                %

              
	
                4A-14(1)

              	 	
                $

              	
                2,917,569(2)

              	
                 

              	 	
                6.50

              	
                %

              
	
                5A-1

              	 	
                $

              	
                62,686,000

              	 	 	
                (6

              	
                )

              
	
                5A-2

              	 	
                $

              	
                62,686,000(2)

              	
                 

              	 	
                (6

              	
                )

              
	
                A-X

              	 	
                $

              	
                72,267(2)

              	
                 

              	 	
                7.00

              	
                %

              
	
                M-1

              	 	
                $

              	
                6,712,000

              	 	 	
                (3

              	
                )

              
	
                B-1

              	 	
                $

              	
                7,319,000

              	 	 	
                (3

              	
                )

              
	
                B-2

              	 	
                $

              	
                3,659,000

              	 	 	
                (3

              	
                )

              
	
                B-3

              	 	
                $

              	
                1,829,000

              	 	 	
                (3

              	
                )

              
	
                B-4

              	 	
                $

              	
                1,219,000

              	 	 	
                (3

              	
                )

              
	
                B-5

              	 	
                $

              	
                914,000

              	 	 	
                (3

              	
                )

              
	
                B-6

              	 	
                $

              	
                919,387

              	 	 	
                (3

              	
                )

              
	
                X

              	 	 	
                (4

              	
                )

              	 	
                (4

              	
                )

              
	
                RC

              	 	 	
                (5

              	
                )

              	 	
                (5

              	
                )

              
	
                R

              	 	 	
                (5

              	
                )

              	 	
                (5

              	
                )

              

      

    

     

    
      	 	
              (1)

            	
              The
                Exchangeable REMIC Certificates shall be issued in uncertificated
                form to
                the Exchange Trustee and held in trust pursuant to terms of the Exchange
                Agreement. Pursuant to the terms of the Exchange Agreement, each
                Class of
                Exchange Certificates shall be issuable in exchange for a certificated
                interest in the Classes of Exchangeable REMIC Certificates in the
                related
                Combination Group pursuant to the terms of the Exchange
                Agreement.

            

    

     

    (2)     
       Notional
      Amount.

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

     

    
      	
            	(3)	
              For
                each Distribution Date (and the related Interest Accrual Period)
                each of
                the Class M-1, Class B-1, Class B-2, Class B-3, Class B-4, Class
                B-5 and
                Class B-6 Certificates shall accrue interest at a per annum rate
                equal to
                the B Average Rate.

            

    

     

    
      	
            	(4)	
              The
                Class X Certificate shall have no Certificate Balance and shall not
                be
                entitled to distributions of interest or principal. The Class X
                Certificate does not represent an interest in any REMIC created hereby.
                

            

    

     

    
      	
            	(5)	
              REMIC
                UT shall also issue the Class III-R Interest, which shall represent
                the
                sole Class of residual interest in REMIC UT. The Class R Certificate
                shall
                represent beneficial ownership of the Class II-R and Class III-R
                Interests. 

            

    

     

    
      	 	
              (6)

            	
              The
                annual certificate interest rate for certificates with floating rates
                of
                interest are set forth in the table
                below:

            

    

     

    
      	
              Class

            	 	
              Formula

            	 	
              Initial

            	 	
              Maximum

            	 	
              Minimum

            	 
	
              2A-5

            	 	 	
              LIBOR
                + 0.45%

            	
               

            	 	
              5.85

            	
              %

            	 	
              0.45

            	
              %

            	 	
              7.50

            	
              %

            
	
              2A-6

            	 	 	
              7.05%
                - LIBOR

            	 	 	
              1.65

            	
              %

            	 	
              0.00

            	
              %

            	 	
              7.05

            	
              %

            
	
              3A-1

            	 	 	
              LIBOR
                + 0.50%

            	
               

            	 	
              5.90

            	
              %

            	 	
              0.50

            	
              %

            	 	
              6.25

            	
              %

            
	
              3A-2

            	 	 	
              5.75%
                - LIBOR

            	 	 	
              0.35

            	
              %

            	 	
              0.00

            	
              %

            	 	
              5.75

            	
              %

            
	
              4A-1

            	 	 	
              LIBOR
                + 0.60%

            	
               

            	 	
              6.50

            	
              %

            	 	
              6.50

            	
              %

            	 	
              6.50

            	
              %

            
	
              5A-1

            	 	 	
              LIBOR
                + 0.40%

            	
               

            	 	
              5.80

            	
              %

            	 	
              0.40

            	
              %

            	 	
              7.50

            	
              %

            
	
              5A-2

            	 	 	
              7.10%
                - LIBOR

            	 	 	
              1.70

            	
              %

            	 	
              0.00

            	
              %

            	 	
              7.10

            	
              %

            

    

     

    (e) REMIC
      Scheduled Final Distribution. The Scheduled Final Distribution Date for the
      Regular Interests in REMIC LT1, REMIC MT and REMIC UT is the Distribution Date
      following the third anniversary of the scheduled maturity date of the Mortgage
      Loan having the latest scheduled maturity as of the Closing Date.

     

    ARTICLE
      III.

     

    REMITTING
      TO CERTIFICATEHOLDERS

     

    Section
      3.01.  Distributions
      to Certificateholders.

     

    (a)  REMIC
      UT
      Distributions. In accordance with Section 3.01(d) of the Standard Terms and
      subject to the exceptions set forth below and to Section 3.02, on each
      Distribution Date, the Securities Administrator shall withdraw the aggregate
      Available Distribution Amount for each Collateral Group from the Certificate
      Account, and shall distribute it in the following manner and order of
      priority:

     

    
      	(i)  	
              to
                each Class of REMIC Certificates that are Senior Certificates (other
                than
                the Principal Only Certificates) related to such Collateral Group,
                Accrued
                Certificate Interest thereon, pro
                rata in
                proportion to the amount of Accrued Certificate Interest owing to
                each
                such Class; provided
                that, Accrued Certificate Interest on the Class 2A-11 Certificates
                will be
                distributed in the following order of priority and will be added
                to the
                Class Principal Balance of the Class 2A-11
                Certificates:

            

    

     

    
      	 	
              (A)

            	
              to
                the Class 2A-10 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; and

            

    

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (B)

            	
              to
                the Class 2A-11 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; 

            

    

     

    
      	(ii)  	
              to
                the REMIC Certificates that are Senior Certificates (other than the
                Interest Only Certificates) related to such Collateral Group, to
                the
                extent of the remaining Available Distribution Amount for the related
                Collateral Group, as follows:

            

    

     

    
      	(A)  	
              to
                the Class 1A-1 Certificates, in reduction of their Class Principal
                Balance, from the Available Distribution Amount for Collateral Group
                1 in
                an amount up to the Senior Principal Distribution Amount for Collateral
                Group 1 for such Distribution Date, until the Class Principal Balance
                thereof is reduced to zero; 

            

    

     

    
      	(B)  	
              to
                the Class 2A-3, Class 2A-5, Class 2A-7, Class 2A-10, Class 2A-11,
                Class
                2A-12 and Class 2A-13 Certificates, in reduction of their respective
                Class
                Principal Balances, from the Available Distribution Amount for Collateral
                Group 2 in an amount up to the Senior Principal Distribution Amount
                for
                Collateral Group 2 for such Distribution Date, in the following order
                of
                priority:

            

    

     

    
      	(1)  	
              to
                the Class 2A-12 and Class 2A-13 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                the Group
                2 NAS Priority Amount for such Distribution Date, until the Class
                Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(2)  	
              to
                the Class 2A-3, Class 2A-5, Class 2A-7, Class 2A-10 and Class 2A-11
                Certificates, in the following order of
                priority:

            

    

     

    
      	(a)  	
              to
                the Class 2A-3 Certificates, until the Class Principal Balance thereof
                is
                reduced to the PAC(A) Scheduled Amount for such Distribution
                Date;

            

    

     

    
      	(b)  	
              to
                the Class 2A-5 and Class 2A-7 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                until the
                Class Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(c)  	
              to
                the Class 2A-3 Certificates, without regard to the PAC(A) Scheduled
                Amount
                for such Distribution Date, until the Class Principal Balance thereof
                is
                reduced to zero; and

            

    

     

    
      	(d)  	
              sequentially,
                to the Class 2A-10 and 2A-11 Certificates, in that order, until the
                Class
                Principal Balance of each such Class is reduced to zero;
                and

            

    

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

    
      	(3)  	
              to
                the Class 2A-12 and Class 2A-13 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                until the
                Class Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(C)  	
              to
                the Class 3A-1, Class 3A-3, Class 3A-4, Class 3A-5, Class 3A-6, Class
                3A-7
                and Class 3A-8 Certificates, in reduction of their respective Class
                Principal Balances, from the Available Distribution Amount for Collateral
                Group 3 in an amount up to the Senior Principal Distribution Amount
                for
                Collateral Group 3 for such Distribution Date, in the following order
                of
                priority:

            

    

     

    
      	(1)  	
              to
                the Class 3A-6, Class 3A-7 and Class 3A-8 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                the Group
                3 NAS Priority Amount for such Distribution Date, until the Class
                Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(2)  	
              to
                the Class 3A-5 Certificates, until the Class Principal Balance thereof
                is
                reduced to the PAC(B) Scheduled Amount for such Distribution
                Date;

            

    

     

    
      	(3)  	
              to
                the Class 3A-1 and Class 3A-3
                Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                until the
                Class Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(4)  	
              to
                the Class 3A-5 Certificates, without regard to the PAC(B) Scheduled
                Amount
                for such Distribution Date, until the Class Principal Balance thereof
                is
                reduced to zero; 

            

    

     

    
      	(5)  	
              to
                the Class 3A-4 Certificates, until the Class Principal Balance thereof
                is
                reduce to zero; and

            

    

     

    
      	(6)  	
              to
                the Class 3A-6, Class 3A-7 and Class 3A-8 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                until the
                Class Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(D)  	
              to
                the Class 4A-1, Class 4A-3, Class 4A-4, Class 4A-6, Class 4A-7, Class
                4A-9, Class 4A-10 and Class 4A-11 Certificates, in reduction of their
                respective Class Principal Balances, from the Available Distribution
                Amount for Collateral Group 4 in an amount up to the Senior Principal
                Distribution Amount for Collateral Group 4 for such Distribution
                Date, in
                the following order of priority:

            

    

     

    
      	(1)  	
              to
                the Class 4A-1, Class 4A-3, Class 4A-4, and Class 4A-6 Certificates,
                an
                amount up to 62.5396125102898% of the Senior Principal Distribution
                Amount
                for Collateral Group 4 for such Distribution Date, in the following
                order
                of priority:

            

    

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    
      	(a)  	
              to
                the Class 4A-3, Class 4A-4, and Class 4A-6 Certificates, until the
                aggregate Class Principal Balance of such Classes is reduced to the
                PAC(C)
                Scheduled Amount for such Distribution Date, in the following order
                of
                priority:

            

    

     

    
      	i.  	
              to
                the Class 4A-3 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; 

            

    

     

    
      	ii.  	
              to
                the Class 4A-4 Certificates, the Group 4(A) NAS Priority Amount for
                such
                Distribution Date, until the Class Principal Balance thereof is reduced
                to
                zero;

            

    

     

    
      	iii.  	
              to
                the Class 4A-6 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; and

            

    

     

    
      	iv.  	
              to
                the Class 4A-4 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero;

            

    

     

    
      	(b)  	
              to
                the Class 4A-1 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; and

            

    

     

    
      	(c)  	
              to
                the Class 4A-3, Class 4A-4 and Class 4A-6 Certificates, without regard
                to
                the PAC(C) Scheduled Amount for such Distribution Date, in the following
                order of priority:

            

    

     

    
      	i.  	
              to
                the Class 4A-3 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; 

            

    

     

    
      	ii.  	
              to
                the Class 4A-4 Certificates, the Group 4(A) NAS Priority Amount for
                such
                Distribution Date not distributed pursuant to Section
                3.01(a)(ii)(D)(1)(a)ii., until the Class Principal Balance thereof
                is
                reduced to zero;

            

    

     

    
      	iii.  	
              to
                the Class 4A-6 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero; and

            

    

     

    
      	iv.  	
              to
                the Class 4A-4 Certificates, until the Class Principal Balance thereof
                is
                reduced to zero;

            

    

     

    
      	(2)  	
              to
                the Class 4A-7, Class 4A-9, Class 4A-10 and Class 4A-11 Certificates,
                an
                amount up to 37.4603874897102% of the Senior Principal Distribution
                Amount
                for Collateral Group 4 for such Distribution Date, in the following
                order
                of priority:

            

    

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

    
      	(a)  	
              to
                the Class 4A-7 and Class 4A-9 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                the Group
                4(B) NAS Priority Amount for such Distribution Date, until the Class
                Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(b)  	
              sequentially,
                to the Class 4A-10 and 4A-11 Certificates, in that order, until the
                Class
                Principal Balance of each such Class is reduced to zero;
                and

            

    

     

    
      	(c)  	
              to
                the Class 4A-7 and Class 4A-9 Certificates, pro
                rata,
                in proportion to the Class Principal Balance of each such Class,
                until the
                Class Principal Balance of each such Class is reduced to
                zero;

            

    

     

    
      	(E)  	
              to
                the Class 5A-1 Certificates, in reduction of their Class Principal
                Balance, from the Available Distribution Amount for Collateral Group
                5 in
                an amount up to the Senior Principal Distribution Amount for Collateral
                Group 5 for such Distribution Date, until the Class Principal Balance
                thereof is reduced to zero;

            

    

     

    
      	 	
              (iv)

            	
              to
                the extent of the remaining Available Distribution Amount for Collateral
                Group 1, Collateral Group 2, Collateral Group 3, Collateral Group
                4 and
                Collateral Group 5, but subject to the prior distribution of amounts
                described under Section 3.01(c) below, to the related classes of
                Subordinate Certificates, in their order of seniority the sum of
                (i)
                Accrued Certificate Interest pro
                rata on
                the basis of the amount owing to each such Class, and (ii) their
                pro
                rata shares,
                based on their outstanding Certificate Balances, of the Subordinate
                Principal Distribution Amount for each such Collateral Group, as
                applicable; provided,
                however,
                that on any Distribution Date on which the Subordination Level for
                any
                Class of Subordinate Certificates is less than its Subordination
                Level as
                of the Closing Date, the portion of the related Subordinate Principal
                Prepayment Amount otherwise allocable to the Class or Classes of
                the
                Subordinate Certificates junior to such class will be allocated
                pro
                rata
                to
                the most senior Class of Subordinate Certificates for which the
                Subordination Level on such Distribution Date is less than the
                Subordination Level as of the Closing Date and all Classes of Subordinate
                Certificates senior thereto; 

            

    

     

    
      	 	
              (v)

            	
              to
                each related Class of Certificates, in the order of their seniority,
                the
                amount of any unreimbursed Realized Losses previously allocated to
                such
                Certificates; and

            

    

     

    
      	 	
              (vi)

            	
              after
                all of the other Classes of Certificates (other than the Residual
                Certificates) have been paid in full, the remainder, if any, which
                is
                expected to be zero, of the Available Distribution Amount for all
                Collateral Groups (other than any Fair Market Value Excess remaining
                after
                an optional termination of the Trust Estate) to the Class RC Certificates
                to the extent such remainder is applicable to REMIC LT1 and otherwise
                to
                the Class R Certificates. 

            

    

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    (b)  On
      each
      Distribution Date on or after the Credit Support Depletion Date, to the extent
      of the Available Distribution Amount allocable to each Collateral Group on
      such
      Distribution Date, distributions shall be made to the Senior Certificates
      related to each such Collateral Group, in respect of interest (pro
      rata
      according to Accrued Certificate Interest for such Distribution Date) and then
      with respect to principal (pro
      rata
      according to their outstanding principal balances; provided,
      however,
      that
      (a) as between the Class 3A-1 and Class 3A-8 Certificates, principal
      distributions will be made sequentially, in that order, until the Class
      Principal Balance of the Class 3A-1 Certificates has been reduced to zero,
      (b)
      as between the Class 3A-6 and Class 3A-7 Certificates, principal distributions
      will be made sequentially, in that order, until the Class Principal Balance
      of
      the Class 3A-6 Certificates has been reduced to zero and (c) as between the
      Class 4A-1 and Class 4A-4 Certificates, principal distributions will be made
      sequentially, in that order, until the Class Principal Balance of the Class
      4A-1
      Certificates has been reduced to zero); and the remainder (other than any Fair
      Market Value Excess remaining after the optional termination of the Trust
      Estate), if any, which is expected to be zero, of the Available Distribution
      Amount for each such Collateral Group shall be distributed to the holders of
      the
      Class RC Certificates to the extent such remainder is applicable to REMIC LT1
      and otherwise to the holder of the Class R Certificates.

     

    On
      each
      Distribution Date on which the aggregate Certificate Principal Balance of the
      Senior Certificates of two or more related Certificate Groups has been reduced
      to zero, any amounts distributable pursuant to this Section 3.01(b) shall be
      allocated, as to each applicable related Class of Subordinate Certificates,
      in
      proportion to such Class’s Subordinate Class Percentage of the Subordinate
      Principal Distribution Amount for the Collateral Group relating to each such
      retired Certificate Group.

     

    On
      each
      Distribution Date on which the Senior Certificates of two or more related
      Certificate Groups remain outstanding, any amounts distributable pursuant to
      this Section 3.01(b) shall be distributed in proportion to the aggregate
      Certificate Principal Balances of such Certificates of each such Certificate
      Group.

     

    (c)  On
      any
      Distribution Date on which any Certificate Group constitutes an
      Undercollateralized Group, all amounts with respect to the related Mortgage
      Loans otherwise distributable as principal on the related Subordinate
      Certificates, in reverse order of priority (other than amounts necessary to
      pay
      Deferred Principal Amounts or unpaid Current Shortfalls) (or, following the
      related Credit Support Depletion Date, such other amounts described in the
      immediately following sentence), shall be distributed as principal to the Senior
      Certificates (other than any Interest Only Certificates) of such
      Undercollateralized Group pursuant to Section 3.01(a)(ii), until the aggregate
      Certificate Principal Balance of such Senior Certificates equals the Pool
      Balance of the related Collateral Group (such distribution, an “Undercollateralization
      Distribution”).
      In
      the event that any Certificate Group constitutes an Undercollateralized Group
      on
      any Distribution Date following the related Credit Support Depletion Date,
      Undercollateralization Distributions shall be made from any Available
      Distribution Amount for each related Collateral Group that does not constitute
      an Undercollateralized Group remaining after all required amounts have been
      distributed to the Senior Certificates of such other Certificate Groups. In
      addition, the amount of any unpaid Current Shortfalls with respect to an
      Undercollateralized Group on any Distribution Date (including any Current
      Shortfalls for such Distribution Date) shall be distributed to the REMIC
      Certificates that are Senior Certificates of such Undercollateralized Group
      prior to the payment of any Undercollateralization Distributions from amounts
      otherwise distributable as principal on the related Subordinate Certificates,
      in
      reverse order of priority (or, following the Credit Support Depletion Date,
      as
      provided in the preceding sentence).

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

    If
      on any
      Distribution Date two or more related Certificate Groups are Undercollateralized
      Groups, the distribution described in the immediately preceding paragraph shall
      be made in proportion to the amount by which the aggregate Certificate Principal
      Balance of the REMIC Certificates that are Senior Certificates of each such
      Certificate Group, after giving effect to distributions pursuant to Section
      3.01(a) on such Distribution Date, exceeds the Pool Balance of the related
      Collateral Group for such Distribution Date.

     

    (d)  REMIC
      LT1
      Distributions. On each Distribution Date, the Securities Administrator shall
      apply amounts in the REMIC LT1 Distribution Account to the REMIC LT1 Regular
      Interests in the same manner that amounts are distributed on any Corresponding
      Classes of Certificates on such Distribution Date.

     

    On
      each
      Distribution Date, the Securities Administrator shall apply remaining amounts
      in
      the REMIC LT1 Distribution Account in respect of interest to the Class LT1
      Pool,
      Class LT1-Sub-A and Class LT1-Sub-B Interests in accordance with their interest
      rates set forth above. In addition, on each Distribution Date, the Trustee
      shall
      apply amounts in the REMIC LT1 Distribution Account in respect of principal
      to
      the Class LT1-Pool, Class LT1-Sub-A and Class LT1-Sub-B Interests as
      follows:

     

    
      	 	
              (i)

            	
              first,
                to the Class LT1-Sub-A and Class LT1-Sub-B Interests, the minimum
                amounts
                to each such that following that allocation the weighted average
                rate of
                the Class LT1-Sub-A and Class LT1-Sub-B Interests, weighted on the
                principal balances thereof and determined by subjecting the Class
                LT1-Sub-A Interest to a floor of 8.8112% and subjecting the Class
                LT1-Sub-B Interest to a cap of 4.0000%, equals the interest rate
                on the
                Class B Certificates for the following Distribution
                Date;

            

    

     

    
      	 	
              (ii)

            	
              second,
                to the Class LT1-Pool Interest until its principal balance is reduced
                to
                zero; and

            

    

     

    
      	 	
              (iii)

            	
              third,
                pro rata to the Class LT1-Sub-A and Class LT1-Sub-B Interests in
                accordance with their principal balances following clause (i)
                above.

            

    

     

    Realized
      Losses and Shortfalls shall be allocated in the same manner.

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

    The
      Securities Administrator shall withdraw all amounts allocated to the various
      REMIC LT1 Regular Interests and deposit such amounts in the Certificate Account
      for distribution pursuant to Section 3.01(a) above on such Distribution Date.
      Any amount remaining in the REMIC LT1 Distribution Account after making all
      other payments required under this Section 3.01(d) shall be distributed to
      the
      holder of the Class RC Certificates.

     

    (e)  REMIC
      MT
      Distributions. On each Distribution Date, the Securities Administrator shall
      apply amounts in the REMIC MT Distribution Account to the REMIC MT Regular
      Interests in the same manner that amounts are distributed on the Corresponding
      Classes of Certificates on such Distribution Date. Realized Losses and
      Shortfalls shall be allocated in the same manner. The Securities Administrator
      shall withdraw all amounts allocated to the various REMIC MT Regular Interests
      and deposit such amounts in the Certificate Account for distribution pursuant
      to
      Section 3.01(a) above on such Distribution Date. Any amount remaining in the
      REMIC MT Distribution Account after making all other payments required under
      this Section 3.01(e) shall be distributed to the holder of the Class R
      Certificates.

     

    (f)  On
      each
      Distribution Date on which any Fair Market Value Excess is on deposit in the
      Certificate Account and such Fair Market Value Excess has not been previously
      distributed in accordance with this Section 3.01(f), the Securities
      Administrator shall withdraw such Fair Market Value Excess, from the Certificate
      Account, and shall distribute it to the Holder of the Class RC
      Certificates.

     

    Section
      3.02.  Allocation
      of Realized Losses and Shortfalls.

     

    (a) Realized
      Losses of Principal.

     

    (i)  On
      each
      Distribution Date, the respective Applicable Fractions of each Realized Loss
      on
      a Mortgage Loan, to the extent allocable to principal, shall be allocated to
      the
      related Collateral Groups for further allocation to the Class or Classes of
      REMIC Interests supported by such Collateral Groups in reduction of the
      Certificate Balance thereof; provided,
      however,
      that
      any Realized Loss allocated to a Collateral Group shall be allocated first
      to
      the Subordinate Interests related to such Collateral Group, in reverse numerical
      order, until the Certificate Balance thereof is reduced to zero, and then
pro
      rata
      to the
      Senior Interests related to such Collateral Group; provided
      further,
      that
      (a) Realized Losses otherwise allocable to the Class 2A-12 Certificates will
      instead be allocated to the Class 2A-13 Certificates, until the Class Principal
      Balance of the Class 2A-13 Certificates is reduced to zero, (b) Realized Losses
      otherwise allocable to the Class 3A-1 Certificates will instead be allocated,
      pro
      rata,
      to the
      Class 3A-3 and Class 3A-8 Certificates, based on the Class Principal Balances
      of
      the Class 3A-3 and Class 3A-8 Certificates, until the Class Principal Balance
      of
      each of the Class 3A-3 and Class 3A-8 Certificates are reduced to zero, (c)
      Realized Losses otherwise allocable to the Class 3A-6 Certificates will instead
      be allocated to the Class 3A-7 Certificates, until the Class Principal Balance
      of the Class 3A-7 Certificates is reduced to zero, (d) Realized Losses otherwise
      allocable to the Class 4A-1 Certificates will instead be allocated to the Class
      4A-4 Certificates, until the Class Principal Balance of the Class 4A-4
      Certificates is reduced to zero, (e) Realized Losses otherwise allocable to
      the
      Class 4A-3 Certificates will instead be allocated to the Class 4A-6
      Certificates, until the Class Principal Balance of the Class 4A-6 Certificates
      is reduced to zero, and (f) Realized Losses otherwise allocable to the Class
      4A-7 Certificates will instead be allocated to the Class 4A-9 Certificates,
      until the Class Principal Balance of the Class 4A-9 Certificates is reduced
      to
      zero.

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    (ii)  The
      distribution of any Current Realized Losses and Deferred Principal Amounts
      to a
      Class of Senior Interests on any Distribution Date shall not result in a further
      reduction of the Certificate Balance of such Class of Senior Interests, but
      instead shall result in the reduction of the Certificate Balance of the
      Subordinate Interests in REMIC MT, until the Certificate Balance thereof has
      been reduced to zero. The Current Realized Losses and Deferred Principal Amounts
      shall be paid from the amounts otherwise payable to the Classes of Subordinate
      Interests related to the applicable REMIC, beginning with the Class having
      the
      highest numerical designation. Any Current Realized Losses and Deferred
      Principal Amounts not paid on the Distribution Date relating to the Due Period
      in which the Realized Loss was incurred shall be carried forward and shall
      be
      included in the Current Realized Losses and Deferred Principal Amounts for
      the
      next Distribution Date.

     

    (iii)  Any
      Realized Losses allocated to a Class of REMIC MT Interests pursuant to Section
      3.02(a)(i) and not reimbursed on the same Distribution Date shall be allocated
      on the same date to the Corresponding Class or Classes of REMIC UT
      Certificates.

     

    (b) Realized
      Losses Allocable to Interest. On each Distribution Date, the portion of each
      Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount
      of such Mortgage Loan shall be allocated pro rata to the related Collateral
      Group or Groups, on the basis of the amount of interest due to such Collateral
      Group from such Mortgage Loan. On each Distribution Date, the interest portion
      of each Realized Loss allocated to a Collateral Group in accordance with the
      preceding sentence shall be further allocated pro rata, on the basis of Accrued
      Certificate Interest, on the Class Principal Balance thereof, in the case of
      the
      Senior Certificates, and the related Apportioned Principal Balance, in the
      case
      of the Subordinated Interests, to each Class of related REMIC Interests;
      provided that the interest portion of any Realized Losses allocated to the
      related Subordinate Interests in a REMIC as provided in this Section 3.02(b)
      shall be allocated to such Subordinate Interests in reverse order of
      seniority.

     

    (c) Interest
      Shortfall. Notwithstanding anything in the Standard Terms to the contrary,
      on
      each Distribution Date, before any distributions are made on the REMIC Interests
      and the Certificates, Month End Interest Shortfall not covered by compensating
      interest from Monthly Advances and Servicemembers Shortfall with respect to
      any
      Mortgage Loan shall be allocated pro
      rata
      among
      the Classes of the related REMIC based on the amount of interest otherwise
      owing
      thereto in reduction of that amount. Such amounts shall be allocated in the
      following order of priority: (1) sequentially, to the Subordinate Certificates,
      in the inverse order of their priority and (2) to the related Classes of Senior
      Certificates, pro
      rata,
      in
      proportion to the Accrued Certificate Interest otherwise distributable
      thereon.

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    (d) Modification
      Losses. In the event that the Note Rate on a Mortgage Loan is reduced as a
      result of a modification of the terms of such Mortgage Loan, such modification
      shall be disregarded for purposes of calculating the Certificate Rate on any
      Class of Certificates or Class of REMIC Interest. Any shortfall resulting from
      any such modifications, however, shall be treated as a Realized Loss occurring
      on each Distribution Date and shall be applied to reduce the Certificate
      Balances of the Certificates and REMIC Interests in the manner and order of
      priority set forth above.

     

    (e) In
      the
      event of any Subsequent Recovery, (i) such amount shall be treated as a
      Principal Prepayment Amount and shall be included in the related Available
      Distribution Amount for the Distribution Date occurring in the month following
      the month in which such recovery is received and (ii) the Certificate Balance
      of
      the Class or Classes to which the related Realized Loss had previously been
      allocated, whether or not such Class or Classes remain outstanding, shall be
      increased in direct order of priority, in each case by an amount equal to the
      lesser of (x) the amount of such recovery and (y) the aggregate amount of
      Realized Losses previously allocated to such Classes less amounts previously
      allocated to such Classes pursuant to this paragraph. 

     

    Section
      3.03.  The
      Separate Interest Trust. 

     

    The
      Depositor hereby assigns and conveys to the Securities Administrator on behalf
      of the Trustee, and the Securities Administrator on behalf of the Trustee is
      hereby directed by the Depositor to accept and does accept, the Interest Rate
      Cap Agreements on behalf of a trust, separate from the Trust Estate, for the
      benefit of the Class 3A-1, Class 4A-1 and Class X Certificateholders (referred
      to herein as a “Separate
      Interest Trust”)
      in the
      forms presented to it by the Depositor and shall have no responsibility for
      the
      contents, adequacy or sufficiency of the Interest Rate Cap Agreements including
      without limitation, the representations and warranties contained
      therein.

     

    Section
      3.04.   The
      Basis Risk Reserve Funds.

     

    (a) On
      the
      Closing Date, the Securities Administrator shall establish and maintain in
      the
      name of the Trustee, in the Separate Interest Trust for the benefit of the
      holders of the Class 3A-1 and Class X Certificates, the Class 3A-1 Reserve
      Fund
      into which the Depositor shall deposit $1,000. The Securities Administrator
      on
      behalf of the Trustee shall hold the Class 3A-1 Interest Rate Cap Agreement
      as
      an asset in the Class 3A-1 Reserve Fund. The Class 3A-1 Reserve Fund shall
      be an
      Eligible Account, and funds on deposit therein shall be held separate and apart
      from, and shall not be commingled with, any other moneys, including without
      limitation other moneys of the Securities Administrator held pursuant to this
      Agreement. The Class 3A-1 Reserve Fund shall not be an asset of any REMIC or
      the
      Trust Estate established hereby.

     

    (b) On
      each
      Distribution Date, after deposit of any portion of Class 3A-1 Interest Rate
      Cap
      Amounts remaining after distributions to the Holders of the Class 3A-1
      Certificates pursuant to Section 3.05(c), the Securities Administrator shall
      distribute the amounts then on deposit in the Class 3A-1 Reserve Fund, including
      any earnings thereon, on behalf of the Trust Estate for distribution to the
      Class 3A-1 Certificates in the amount of (i) any remaining Basis Risk Shortfalls
      for such Class and such Distribution Date and (ii) any Basis Risk Shortfalls
      for
      such Class that remain unpaid from prior Distribution Dates. On any Distribution
      Date, any amounts that the Securities Administrator is not required to
      distribute from the Class 3A-1 Reserve Fund pursuant to this Section 3.04(b)
      shall remain on deposit in the Class 3A-1 Reserve Fund.

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    (c) Upon
      the
      earlier to occur of (i) the Distribution Date on which the Class Principal
      Balance of each of the Class 3A-1 Certificates is reduced to zero and (ii)
      the
      termination of the Trust Estate, any amounts remaining in the Class 3A-1 Reserve
      Fund shall be distributed to the Class X Certificateholder.

     

    (d) On
      the
      Closing Date, the Securities Administrator shall establish and maintain in
      the
      name of the Trustee, in the Separate Interest Trust for the benefit of the
      holders of the Class 4A-1, and Class X Certificates, the Class 4A-1 Reserve
      Fund
      into which the Depositor shall deposit $1,000. The Securities Administrator
      on
      behalf of the Trustee shall hold the Class 4A-1 Interest Rate Cap Agreement
      as
      an asset in the Class 4A-1 Reserve Fund. The Class 4A-1 Reserve Fund shall
      be an
      Eligible Account, and funds on deposit therein shall be held separate and apart
      from, and shall not be commingled with, any other moneys, including without
      limitation other moneys of the Securities Administrator held pursuant to this
      Agreement. The Class 4A-1 Reserve Fund shall not be an asset of any REMIC or
      the
      Trust Estate established hereby.

     

    (e) On
      each
      Distribution Date, after deposit of any portion of Class 4A-1 Interest Rate
      Cap
      Amounts remaining after distributions to the Holders of the Class 4A-1
      Certificates pursuant to Section 3.05(h), the Securities Administrator shall
      distribute the amounts then on deposit in the Class 4A-1 Reserve Fund, including
      any earnings thereon, on behalf of the Trust Estate for distribution to the
      Class 4A-1 Certificates in the amount of (i) any remaining Basis Risk Shortfalls
      for such Class and such Distribution Date and (ii) any Basis Risk Shortfalls
      for
      such Class that remain unpaid from prior Distribution Dates. On any Distribution
      Date, any amounts that the Securities Administrator is not required to
      distribute from the Class 4A-1 Reserve Fund pursuant to this Section 3.04(e)
      shall remain on deposit in the Class 4A-1 Reserve Fund.

     

    (f) Upon
      the
      earlier to occur of (i) the Distribution Date on which the Class Principal
      Balance of each of the Class 4A-1 Certificates is reduced to zero and (ii)
      the
      termination of the Trust Estate, any amounts remaining in the Class 4A-1 Reserve
      Fund shall be distributed to the Class X Certificateholder.

     

    (g) Funds
      in
      the Basis Risk Reserve Funds shall be invested in the Wells Fargo Prime
      Advantage Money Market Fund. Any earnings on amounts in the Basis Risk Reserve
      Funds shall be for the benefit of the Class X Certificateholder. The Class
      X
      Certificate shall evidence ownership of the Basis Risk Reserve Funds for federal
      income tax purposes and the Class X Certificateholder shall direct the Trustee,
      in writing, as to investment of amounts on deposit therein. The Class X
      Certificateholder shall be liable for any losses incurred on such investments.
      In the absence of written instructions from the Class X Certificateholder as
      to
      investment of funds on deposit in the Basis Risk Reserve Funds, such funds
      shall
      be invested in money market funds as described in clause (v) of the definition
      of Permitted Investments.

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    (h)
       For
      federal income tax purposes, the Securities Administrator shall treat the
      holders of the Class 3A-1 and Class 4A-1 Certificates as having entered into
      a
      notional principal contract with the holders of the Class X Certificates.
      Pursuant to such notional principal contract, all holders of the Class X
      Certificates shall be treated as having agreed to pay Basis Risk Shortfalls
      to
      the holders of the Class 3A-1 and Class 4A-1 Certificates. Any payments to
      the
      Class 3A-1 and Class 4A-1 Certificates in light of the foregoing shall not
      be
      payments with respect to a “ regular interest” in a REMIC within the meaning of
      Code Section 860G(a)(1). Notwithstanding the priority and sources of payments
      set forth in Article III hereof or otherwise, the Securities Administrator
      shall
      account for all distributions on the Certificates as set forth in this section.
      For purposes of providing tax information reporting with respect to the Class
      3A-1 and Class 4A-1 Certificates, the Securities Administrator shall treat
      the
      notional principal contract described in this paragraph as having a value of
      $353,000 and $345,000, respectively, as of the Closing Date. 

     

    Section
      3.05.  The
      Interest Rate Cap Agreements.

     

    (a) Each
      Holder of a Class 3A-1 or Class X Certificate is deemed, by acceptance of such
      Class 3A-1 or Class X Certificate, to authorize the Trustee to accept the Class
      3A-1 Interest Rate Cap Agreement.

     

    (b) Pursuant
      to the Class 3A-1 Interest Rate Cap Agreement, the Interest Rate Cap
      Counterparty shall have provided the Trustee and the Securities Administrator
      with notice of the Class 3A-1 Interest Rate Cap Amount, if any, to be paid
      by
      the Interest Rate Cap Counterparty to the Securities Administrator on behalf
      of
      the Trustee for the account of the Separate Interest Trust pursuant to such
      Class 3A-1 Interest Rate Cap Agreement for each Distribution Date. Any Class
      3A-1 Interest Rate Cap Amounts received by the Securities Administrator on
      behalf of the Trustee pursuant to the Class 3A-1 Interest Rate Cap Agreement
      in
      connection with each such Distribution Date shall be deposited by the Securities
      Administrator on behalf of the Trustee into the Class 3A-1 Reserve Fund.

     

    (c) On
      each
      Distribution Date, the Securities Administrator on behalf of the Separate
      Interest Trust shall distribute amounts on deposit in the Class 3A-1 Reserve
      Fund representing the Class 3A-1 Interest Rate Cap Amount for such Distribution
      Date first, to the Holders of the Class 3A-1 Certificates, in an amount equal
      to
      the product of (i) one-twelfth and (ii) the excess, if any, of LIBOR for such
      Distribution Date (up to a maximum of 9.50% per annum) over 5.75% and (iii)
      the
      lesser of (x) an amount equal to the applicable notional amount under the Class
      3A-1 Interest Rate Cap Agreement for such Distribution Date and (y) the
      aggregate Certificate Principal Balance of the Class 3A-1 Certificates for
      such
      Distribution Date and second, to the Holders of the Class 3A-1 Certificates,
      in
      an amount up to any Basis Risk Shortfalls on the Class 3A-1 Certificates
      remaining unpaid from prior Distribution Dates. Any portion of the Class 3A-1
      Interest Rate Cap Amount remaining after such distributions shall be retained
      in
      the Class 3A-1 Reserve Fund for distribution pursuant to Section
      3.04.

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    (d) Upon
      termination of the Class 3A-1 Interest Rate Cap Agreement and payment of all
      amounts owed by the Interest Rate Cap Counterparty thereunder, following
      application by the Securities Administrator on behalf of the Trustee of funds
      in
      the Class 3A-1 Reserve Fund on the next succeeding Distribution Date to pay
      amounts owed pursuant to this Section and Section 3.04, the Securities
      Administrator on behalf of the Trustee shall terminate the Class 3A-1 Reserve
      Fund.

     

    (e) In
      the
      event of an early termination of the Class 3A-1 Interest Rate Cap Agreement,
      any
      termination payment made by the Interest Rate Cap Counterparty to the Separate
      Interest Trust (“Termination
      Receipts”)
      shall
      be deposited in a segregated non-interest bearing account which shall be an
      Eligible Account established by the Securities Administrator on behalf of the
      Trustee of the Separate Interest Trust (the “Termination
      Receipts Account”).
      The
      Securities Administrator shall invest, or cause to be invested, funds held
      in
      the Termination Receipts Account in time deposits of the Securities
      Administrator. All such investments must be payable on demand or mature on
      a
      Distribution Date or such other date as directed by a majority of the Class
      3A-1
      Certificateholders. All such Permitted Investments shall be made in the name
      of
      the Trustee of the Separate Interest Trust (in its capacity as such) or its
      nominee. All income and gain realized from any such investment shall be
      deposited in the Termination Receipts Account. 

     

    (f) Each
      Holder of a Class 4A-1 or Class X Certificate is deemed, by acceptance of such
      Class 4A-1 or Class X Certificate, to authorize the Trustee to accept the Class
      4A-1 Interest Rate Cap Agreement.

     

    (g) Pursuant
      to the Class 4A-1 Interest Rate Cap Agreement, the Interest Rate Cap
      Counterparty shall have provided the Trustee and the Securities Administrator
      with notice of the Class 4A-1 Interest Rate Cap Amount, if any, to be paid
      by
      the Interest Rate Cap Counterparty to the Securities Administrator on behalf
      of
      the Trustee for the account of the Separate Interest Trust pursuant to such
      Class 4A-1 Interest Rate Cap Agreement for each Distribution Date. Any Class
      4A-1 Interest Rate Cap Amounts received by the Securities Administrator on
      behalf of the Trustee pursuant to the Class 4A-1 Interest Rate Cap Agreement
      in
      connection with each such Distribution Date shall be deposited by the Securities
      Administrator on behalf of the Trustee into the Class 4A-1 Reserve Fund.

     

    (h) On
      each
      Distribution Date, the Securities Administrator on behalf of the Separate
      Interest Trust shall distribute amounts on deposit in the Class 4A-1 Reserve
      Fund representing the Class 4A-1 Interest Rate Cap Amount for such Distribution
      Date first, to the Holders of the Class 4A-1 Certificates, in an amount equal
      to
      the product of (i) one-twelfth and (ii) the excess, if any, of LIBOR for such
      Distribution Date (up to a maximum of 8.90% per annum) over 5.90% and (iii)
      the
      lesser of (x) an amount equal to the applicable notional amount under the Class
      4A-1 Interest Rate Cap Agreement for such Distribution Date and (y) the
      aggregate Certificate Principal Balance of the Class 4A-1 Certificates for
      such
      Distribution Date and second, to the Holders of the Class 4A-1 Certificates,
      in
      an amount up to any Basis Risk Shortfalls on the Class 4A-1 Certificates
      remaining unpaid from prior Distribution Dates. Any portion of the Class 4A-1
      Interest Rate Cap Amount remaining after such distributions shall be retained
      in
      the Class 4A-1 Reserve Fund for distribution pursuant to Section
      3.04.

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

     

    (i) Upon
      termination of the Class 4A-1 Interest Rate Cap Agreement and payment of all
      amounts owed by the Interest Rate Cap Counterparty thereunder, following
      application by the Securities Administrator on behalf of the Trustee of funds
      in
      the Class 4A-1 Reserve Fund on the next succeeding Distribution Date to pay
      amounts owed pursuant to this Section and Section 3.04, the Securities
      Administrator on behalf of the Trustee shall terminate the Class 4A-1 Reserve
      Fund.

     

    (j) In
      the
      event of an early termination of the Class 4A-1 Interest Rate Cap Agreement,
      any
      termination payment made by the Interest Rate Cap Counterparty to the Separate
      Interest Trust (“Termination
      Receipts”)
      shall
      be deposited in a segregated non-interest bearing account which shall be an
      Eligible Account established by the Securities Administrator on behalf of the
      Trustee of the Separate Interest Trust (the “Termination
      Receipts Account”).
      The
      Securities Administrator shall invest, or cause to be invested, funds held
      in
      the Termination Receipts Account in time deposits of the Securities
      Administrator. All such investments must be payable on demand or mature on
      a
      Distribution Date or such other date as directed by a majority of the Class
      4A-1
      Certificateholders. All such Permitted Investments shall be made in the name
      of
      the Trustee of the Separate Interest Trust (in its capacity as such) or its
      nominee. All income and gain realized from any such investment shall be
      deposited in the Termination Receipts Account. 

     

    (k) Unless
      otherwise permitted by the Rating Agencies, the Securities Administrator shall
      promptly, with the assistance and cooperation of the Depositor, use amounts
      on
      deposit in the Termination Receipts Account, if necessary, to enter into
      replacement Interest Rate Cap Agreements which shall be executed and delivered
      by the Trustee of the Separate Interest Trust upon receipt of written
      confirmation from each Rating Agency that such replacement Interest Rate Cap
      Agreement(s) shall not result in the reduction or withdrawal of the rating
      of
      the Class 3A-1 or Class 4A-1 Certificates. 

     

    ARTICLE
      IV.

     

    THE
      SECURITIES

     

    Section
      4.01.  The
      Certificates.

     

    The
      Certificates shall be designated generally as the Mortgage Pass-Through
      Certificates, Series 2006-7F. The aggregate principal amount of Certificates
      or
      Interests, as applicable, that may be executed and delivered under this Trust
      Agreement is limited to $609,955,387, except for Certificates executed and
      delivered upon registration of transfer of, or in exchange for, or in lieu
      of,
      other Certificates pursuant to Section 4.05 hereof or Sections 5.03 or 5.05
      of
      the Standard Terms. On the Closing Date, the Trustee shall execute, and the
      Certificate Registrar shall authenticate and deliver Mortgage Pass-Through
      Certificates in the names and amounts and to the Persons as directed by the
      Depositor. The table in Section 2.03 sets forth the Classes of Certificates,
      the
      initial Certificate Balance and the Certificate Rate for each Class of the
      Certificates. The Certificates authorized by this Trust Agreement shall consist
      of the Certificates having the designations, Initial Certificate Balances or
      Notional Amounts and Certificate Rates specified in the table in Section
      2.03(d).

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

     

    Section
      4.02.  Denominations.

     

    Each
      of
      the Class A and Senior Subordinate Certificates shall be issued in fully
      registered, book-entry form and shall be Book-Entry Certificates. Each Class
      of
      Residual Certificates and Class B-4, Class B-5, and Class B-6 Certificates
      shall
      be issued in fully registered, certificated form. The Class A Certificates
      (other than the Class 2A-6, Class 2A-7, Class 3A-2, Class 4A-8, Class 4A-14,
      Class 5A-2 and Class A-X Certificates) are offered in minimum denominations
      of
      $25,000 initial Certificate Balance each and multiples of $1 in excess of
      $25,000. The Class 2A-6, Class 3A-2, Class 4A-8, Class 4A-14 and Class 5A-2
      Certificates are offered in minimum denominations of $1,000,000 initial Notional
      Amount each and multiples of $1 in excess of $1,000,000. The Class 2A-7
      Certificates are offered in minimum denominations of $100,000 initial
      Certificate Balance and multiples of $1 in excess of $100,000. The Class A-X
      Certificates are offered in the form of a single Certificate representing the
      entire Notional Amount thereof. The Subordinate Certificates are offered in
      minimum denominations of $250,000 initial Certificate Balance each and multiples
      of $1 in excess of $250,000. In addition, one Certificate of each Class (other
      than the Class A-X and the Residual Certificates) may be issued evidencing
      the
      sum of an authorized denomination thereof and the remainder of the initial
      Class
      Principal Balance (or, in the case of the Interest Only Certificates, the
      Notional Amount) of such Class. The Class X Certificate shall be issued in
      a
      percentage interest of 100%. Each Class of Residual Certificates shall be issued
      in percentage interests of 99.99% and 0.01%. 

     

    Section
      4.03.  Redemption
      of Certificates.

     

    (a) There
      shall be no right to redemption pursuant to Section 10.01 of the Standard Terms.
      Moreover, notwithstanding anything to the contrary in Section 10.02 of the
      Standard Terms, the obligations created by this Trust Agreement shall terminate
      upon payment to the Certificateholders of all amounts held in the Collection
      Account, the Certificate Account and the Distribution Account required to be
      paid to the Certificateholders pursuant to this Trust Agreement, following
      the
      final payment or other liquidation (or any Advance with respect thereto) of
      the
      last Mortgage Loan remaining in the Trust Estate or the disposition of all
      property acquired upon foreclosure of any such Mortgage Loan.

     

    (b) On
      or
      after the date on which the aggregate Scheduled Principal Balance of the
      Mortgage Loans
      is less
      than or equal to 1% of the aggregate Scheduled Principal Balance of such
      Mortgage Loans as of the Cut-Off Date the Master Servicer shall have the right
      to purchase the remaining Mortgage Loans and any other assets in REMIC LT1
      at
      the Termination Price and thereby cause the retirement of the related
      Certificates.

     

    Notwithstanding
      anything to the contrary contained herein, the obligations created by the Trust
      Agreement shall terminate upon payment to the Certificateholders of all amounts
      held in the Certificate Account and the REMIC LT1 Distribution Account and
      the
      REMIC MT Distribution Account required to be paid to the Certificateholders
      pursuant to the Trust Agreement, following the earlier of: (i) the final payment
      or other liquidation (or any Advance with respect thereto) of the last Mortgage
      Loan remaining in the Trust Estate or the disposition of all property acquired
      upon foreclosure of any such Mortgage Loan and (ii) the purchase of all of
      the
      assets of the Trust Estate as provided above. Written notice of termination
      shall be given to each Certificateholder, and the final distribution shall
      be
      made only upon surrender and cancellation of the Certificates at an office
      or
      agency appointed by the Securities Administrator, which shall be specified
      in
      the notice of termination. Any repurchase of the assets of the Trust Estate
      pursuant to this Section 4.03 shall be made at a price equal to the Termination
      Price. 

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

     

    Section
      4.04.  Securities
      Laws Restrictions.

     

    Each
      of
      the Junior Subordinate Certificates is a Private Certificate subject to the
      restrictions on transfer contained in Section 5.05(a) of the Standard Terms.
      Furthermore, each of the Private Certificates is a Rule 144A Certificate. The
      Class R and Class RC Certificates are Residual Certificates subject to Section
      5.05(c) of the Standard Terms.

     

    Section
      4.05.  Deposit
      of Exchangeable REMIC Certificates.

     

    The
      Exchangeable REMIC Certificates shall be issued in uncertificated form to the
      Underwriter pursuant to Section 4I of the Underwriting Agreement and transferred
      by the Underwriter to the Exchange Trustee to be held in trust pursuant to
      terms
      of the Exchange Agreement.

    

    ARTICLE
      V. 

     

    MISCELLANEOUS
      PROVISIONS

     

    Section
      5.01.  Request
      for Opinions.

     

    (a) The
      Depositor hereby requests and authorizes McKee Nelson LLP, as its counsel in
      this transaction, to issue on behalf of the Depositor such legal opinions to
      the
      Trustee, the Securities Administrator and each Rating Agency as may be (i)
      required by any and all documents, certificates or agreements executed in
      connection with the Trust, or (ii) requested by the Trustee, the Securities
      Administrator, any such Rating Agency or their respective counsels.

     

    (b) Each
      of
      the Trustee, the Securities Administrator and the Master Servicer hereby
      requests and authorizes its counsel to issue on behalf of such Person such
      legal
      opinions to the Depositor, GSMC and Goldman, Sachs & Co. as may be required
      by any and all documents, certificates or agreements executed in connection
      with
      the establishment of the Trust and the issuance of the
      Certificates.

     

    Section
      5.02.  Schedules
      and Exhibits.

     

    Each
      of
      the Schedules and Exhibits attached hereto or referenced herein are incorporated
      herein by reference as contemplated hereby and by the Standard Terms. Each
      Class
      of Certificates shall be in substantially the form attached hereto, as set
      forth
      in the Exhibit index.

    
      
        
        

      

      
        44

        
          

        

      

       

    

     

    Section
      5.03.  Governing
      Law.

     

    THIS
      TRUST AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
      OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS
      (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS,
      RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
      WITH SUCH LAWS.

     

    Section
      5.04.  Counterparts.

     

    This
      Trust Agreement may be executed in any number of counterparts, each of which
      so
      executed shall be deemed to be an original but all of such counterparts shall
      together constitute but one and the same instrument.

     

    Section
      5.05.  Notices.

     

    All
      demands and notices hereunder shall be in writing and shall be deemed to have
      been duly given if personally delivered at or mailed by first class mail,
      postage prepaid, or by express delivery service, to (a) in the case of the
      Depositor, 85 Broad Street, New York, New York 10004, Attention: President
      (telecopy number (212) 902-3000 and email addresses: david.stiepleman@gs.com
      and
michelle.gill@gs.com)
      or such
      other address, telecopy number or email address as may hereafter be furnished
      to
      each party to this Trust Agreement in writing by the Depositor; (b) in the
      case
      of the Trustee, U.S. Bank National Association, One Penn Plaza, Suite 2700,
      New
      York, New York 10119, Attention:
      Structured Finance Department, GSR 2006-7F,
      or such
      other address or telecopy number as may hereafter be furnished to each party
      to
      this Trust Agreement in writing by the Trustee; (c) in the case of the Master
      Servicer, Wells Fargo Bank, N.A., P.O. Box 98, Columbia, Maryland 21046,
      Attention: Corporate Trust Group (GSR 2006-7F) (or in the case of overnight
      deliveries, 9062 Old Annapolis Road, Columbia, Maryland 21045) Telephone: (410)
      884-2000 Facsimile: (410) 715-2380, or such other address, telecopy number
      or
      email address as may hereafter be furnished to each party to this Trust
      Agreement in writing by the Master Servicer; and (d) in the case of the
      Securities Administrator, Wells Fargo Bank, N.A., Sixth Street and Marquette
      Avenue, Minneapolis, Minnesota 55479, Attention: GSR 2006-7F, or such other
      address, telecopy number or email address as may hereafter be furnished to
      each
      party to this Trust Agreement in writing by the Securities Administrator. The
      addresses of the rating agencies required to be stated herein pursuant to
      Section 13.08(d) of the Standard Terms are Fitch Ratings, One
      State
      Street Plaza, New York, New York 10004,
      Standard & Poor’s Ratings Services, 55 Water Street, New York, New York
      10041 and Moody’s Investors Service, 99 Church Street, New York, New York
      10007.

    

    [Signature
      page follows]

    
      
        
        

      

      
        45

        
          

        

      

       

    

                 IN
      WITNESS
      WHEREOF, the Depositor, the Trustee, the Master Servicer, the Securities
      Administrator and each Custodian have caused this Trust Agreement to be duly
      executed by their respective officers thereunto duly authorized and their
      respective signatures duly attested all as of the day and year first above
      written.

     

    
      	 	 	 
	
               

            	
              GS
                MORTGAGE SECURITIES CORP.,

              as
                Depositor

            
	 
 	 
 	 
 
	 	By:  	/s/ Greg
              A.
              Finck
	 	
              

              Name:
                Greg A. Finck 

              Title:
                Managing Director

            

    

     

    
      	 	 	 
	 	
              U.S.
                BANK, NATIONAL ASSOCIATION,
                not
                  in its individual capacity, but solely in 

                its
                  capacity as Trustee under this Trust 

                Agreement

              

            
	 
 	 
 	 
 
	 	By:  	/s/ James
              H.
              Byrnes
	 	
              

              Name:
                James H. Byrnes 

              Title:
                Vice President 

            

    

     

    
      	 	 	 
	 	
              WELLS
                FARGO BANK, N.A.,

              not
                in its individual capacity, but solely in its 

              capacity
                as Securities Administrator and Master 

              Servicer

            
	 
 	 
 	 
 
	 	By:  	/s/ Patricia
              M. Russo
	 	
              
                

              

              Name: Patricia M. Russo

              Title: Vice President 

            
	 	 

    

     

    
      	 	 	 
	 	
              DEUTSCHE
                BANK NATIONAL TRUST 

              COMPANY,
                

              not
                in its individual capacity, but solely in its

              capacity
                as Custodian

            
	 
 	 
 	 
 
	 	By:  	/s/ Andrew
              Hays
	 	
              

              Name:
                Andrew Hays 

              Title:
                Associate 

            

    

    

      
        
          
          

        

        
          
          

          
            

          

        

         

      

    

     

    SCHEDULE
      I

    

    Mortgage
      Loan Schedule

     

    
      
        
        

      

      
        S-I-1

        
          

        

      

       

    

    SCHEDULE
      II

    

    [Reserved]

    
      
        
        

      

      
        S-II-1

        
          

        

      

       

    

    SCHEDULE
      III

    

    PAC
      SCHEDULED AMOUNTS

    

    
      	
              Distribution
                Date

            	 	
              PAC(A)
                

              Scheduled
                Amount ($)

            	 	
              PAC(B)
                

              Scheduled
                Amount ($)

            	 	
              PAC(C)
                

              Scheduled
                Amount ($)

            	 
	
              August
                25, 2006

            	 	 	
              38,534,934.57

            	 	 	
              78,112,974.47

            	 	 	
              66,128,754.71

            	 
	
              September
                25, 2006

            	 	 	
              38,392,044.92

            	 	 	
              77,843,105.75

            	 	 	
              65,999,010.61

            	 
	
              October
                25, 2006

            	 	 	
              38,231,367.77

            	 	 	
              77,532,448.07

            	 	 	
              65,848,792.04

            	 
	
              November
                25, 2006

            	 	 	
              38,052,949.02

            	 	 	
              77,181,076.54

            	 	 	
              65,678,133.79

            	 
	
              December
                25, 2006

            	 	 	
              37,856,843.78

            	 	 	
              76,789,087.16

            	 	 	
              65,487,081.13

            	 
	
              January
                25, 2007

            	 	 	
              37,643,116.30

            	 	 	
              76,356,596.80

            	 	 	
              65,275,689.84

            	 
	
              February
                25, 2007

            	 	 	
              37,411,839.99

            	 	 	
              75,883,743.19

            	 	 	
              65,044,026.13

            	 
	
              March
                25, 2007

            	 	 	
              37,163,097.34

            	 	 	
              75,370,684.88

            	 	 	
              64,792,166.68

            	 
	
              April
                25, 2007

            	 	 	
              36,896,979.96

            	 	 	
              74,817,601.15

            	 	 	
              64,520,198.59

            	 
	
              May
                25, 2007

            	 	 	
              36,613,588.47

            	 	 	
              74,224,691.98

            	 	 	
              64,228,219.35

            	 
	
              June
                25, 2007

            	 	 	
              36,313,032.44

            	 	 	
              73,592,177.90

            	 	 	
              63,916,336.77

            	 
	
              July
                25, 2007

            	 	 	
              35,995,430.41

            	 	 	
              72,920,299.92

            	 	 	
              63,584,668.96

            	 
	
              August
                25, 2007

            	 	 	
              35,660,909.71

            	 	 	
              72,209,319.34

            	 	 	
              63,233,344.25

            	 
	
              September
                25, 2007

            	 	 	
              35,309,606.48

            	 	 	
              71,459,517.69

            	 	 	
              62,862,501.10

            	 
	
              October
                25, 2007

            	 	 	
              34,941,665.52

            	 	 	
              70,671,196.46

            	 	 	
              62,472,288.04

            	 
	
              November
                25, 2007

            	 	 	
              34,557,240.23

            	 	 	
              69,844,677.00

            	 	 	
              62,062,863.59

            	 
	
              December
                25, 2007

            	 	 	
              34,156,492.51

            	 	 	
              68,980,300.25

            	 	 	
              61,634,396.12

            	 
	
              January
                25, 2008

            	 	 	
              33,739,592.63

            	 	 	
              68,078,426.58

            	 	 	
              61,187,063.78

            	 
	
              February
                25, 2008

            	 	 	
              33,306,719.14

            	 	 	
              67,139,435.50

            	 	 	
              60,721,054.38

            	 
	
              March
                25, 2008

            	 	 	
              32,858,058.74

            	 	 	
              66,163,725.47

            	 	 	
              60,236,565.22

            	 
	
              April
                25, 2008

            	 	 	
              32,393,806.14

            	 	 	
              65,151,713.54

            	 	 	
              59,733,803.03

            	 
	
              May
                25, 2008

            	 	 	
              31,914,163.94

            	 	 	
              64,103,835.15

            	 	 	
              59,212,983.78

            	 
	
              June
                25, 2008

            	 	 	
              31,419,342.48

            	 	 	
              63,020,543.78

            	 	 	
              58,674,332.53

            	 
	
              July
                25, 2008

            	 	 	
              30,909,559.69

            	 	 	
              61,902,310.66

            	 	 	
              58,118,083.29

            	 
	
              August
                25, 2008

            	 	 	
              30,385,040.93

            	 	 	
              60,749,624.40

            	 	 	
              57,544,478.86

            	 
	
              September
                25, 2008

            	 	 	
              29,846,018.84

            	 	 	
              59,562,990.67

            	 	 	
              56,953,770.62

            	 
	
              October
                25, 2008

            	 	 	
              29,292,733.14

            	 	 	
              58,342,931.83

            	 	 	
              56,346,218.40

            	 
	
              November
                25, 2008

            	 	 	
              28,725,430.50

            	 	 	
              57,089,986.56

            	 	 	
              55,722,090.24

            	 
	
              December
                25, 2008

            	 	 	
              28,148,487.12

            	 	 	
              55,818,322.02

            	 	 	
              55,082,768.78

            	 
	
              January
                25, 2009

            	 	 	
              27,574,548.14

            	 	 	
              54,553,211.54

            	 	 	
              54,446,736.45

            	 
	
              February
                25, 2009

            	 	 	
              27,003,598.33

            	 	 	
              53,294,621.74

            	 	 	
              53,813,976.50

            	 
	
              March
                25, 2009

            	 	 	
              26,435,622.50

            	 	 	
              52,042,519.43

            	 	 	
              53,184,472.26

            	 
	
              April
                25, 2009

            	 	 	
              25,870,605.58

            	 	 	
              50,796,871.57

            	 	 	
              52,558,207.18

            	 
	
              May
                25, 2009

            	 	 	
              25,308,532.55

            	 	 	
              49,557,645.33

            	 	 	
              51,935,164.75

            	 
	
              June
                25, 2009

            	 	 	
              24,749,388.47

            	 	 	
              48,324,808.02

            	 	 	
              51,315,328.57

            	 
	
              July
                25, 2009

            	 	 	
              24,193,158.50

            	 	 	
              47,098,327.12

            	 	 	
              50,698,682.33

            	 
	
              August
                25, 2009

            	 	 	
              23,639,827.85

            	 	 	
              45,878,170.30

            	 	 	
              50,085,209.81

            	 
	
              September
                25, 2009

            	 	 	
              23,089,381.83

            	 	 	
              44,664,305.39

            	 	 	
              49,474,894.84

            	 
	
              October
                25, 2009

            	 	 	
              22,541,805.81

            	 	 	
              43,456,700.37

            	 	 	
              48,867,721.37

            	 
	
              November
                25, 2009

            	 	 	
              21,997,085.24

            	 	 	
              42,255,323.42

            	 	 	
              48,263,673.42

            	 
	
              December
                25, 2009

            	 	 	
              21,455,205.66

            	 	 	
              41,060,142.85

            	 	 	
              47,662,735.09

            	 
	
              January
                25, 2010

            	 	 	
              20,916,152.67

            	 	 	
              39,871,127.15

            	 	 	
              47,064,890.58

            	 
	
              February
                25, 2010

            	 	 	
              20,379,911.94

            	 	 	
              38,688,244.99

            	 	 	
              46,470,124.14

            	 
	
              March
                25, 2010

            	 	 	
              19,846,469.24

            	 	 	
              37,511,465.18

            	 	 	
              45,878,420.13

            	 
	
              April
                25, 2010

            	 	 	
              19,315,810.38

            	 	 	
              36,340,756.70

            	 	 	
              45,289,762.99

            	 
	
              May
                25, 2010

            	 	 	
              18,787,921.28

            	 	 	
              35,176,088.70

            	 	 	
              44,704,137.22

            	 

    

     

    
      
        
        

      

      
        S-III-1

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled
                Amount ($) 

            	 	 	
              PAC(B)
                Scheduled
                Amount ($) 

            	 	 	
              PAC(C)
                Scheduled
                Amount ($) 

            	 
	
              June
                25, 2010

            	 	 	
              18,262,787.92

            	 	 	
              34,017,430.48

            	 	 	
              44,121,527.43

            	 
	
              July
                25, 2010

            	 	 	
              17,740,396.33

            	 	 	
              32,864,751.51

            	 	 	
              43,541,918.28

            	 
	
              August
                25, 2010

            	 	 	
              17,220,732.64

            	 	 	
              31,718,021.40

            	 	 	
              42,965,294.54

            	 
	
              September
                25, 2010

            	 	 	
              16,703,783.05

            	 	 	
              30,577,209.94

            	 	 	
              42,391,641.03

            	 
	
              October
                25, 2010

            	 	 	
              16,189,533.83

            	 	 	
              29,442,287.07

            	 	 	
              41,820,942.67

            	 
	
              November
                25, 2010

            	 	 	
              15,677,971.31

            	 	 	
              28,313,222.89

            	 	 	
              41,253,184.46

            	 
	
              December
                25, 2010

            	 	 	
              15,169,081.90

            	 	 	
              27,189,987.63

            	 	 	
              40,688,351.46

            	 
	
              January
                25, 2011

            	 	 	
              14,662,852.09

            	 	 	
              26,072,551.73

            	 	 	
              40,126,428.83

            	 
	
              February
                25, 2011

            	 	 	
              14,159,268.43

            	 	 	
              24,960,885.72

            	 	 	
              39,567,401.78

            	 
	
              March
                25, 2011

            	 	 	
              13,658,317.54

            	 	 	
              23,854,960.34

            	 	 	
              39,011,255.63

            	 
	
              April
                25, 2011

            	 	 	
              13,159,986.11

            	 	 	
              22,754,746.44

            	 	 	
              38,457,975.74

            	 
	
              May
                25, 2011

            	 	 	
              12,664,260.91

            	 	 	
              21,660,215.05

            	 	 	
              37,907,547.59

            	 
	
              June
                25, 2011

            	 	 	
              12,171,128.77

            	 	 	
              20,571,337.34

            	 	 	
              37,359,956.70

            	 
	
              July
                25, 2011

            	 	 	
              11,680,576.59

            	 	 	
              19,488,084.63

            	 	 	
              36,815,188.68

            	 
	
              August
                25, 2011

            	 	 	
              11,226,687.63

            	 	 	
              18,536,619.69

            	 	 	
              36,279,829.39

            	 
	
              September
                25, 2011

            	 	 	
              10,775,331.22

            	 	 	
              17,590,661.65

            	 	 	
              35,747,242.94

            	 
	
              October
                25, 2011

            	 	 	
              10,326,494.57

            	 	 	
              16,650,182.77

            	 	 	
              35,217,415.11

            	 
	
              November
                25, 2011

            	 	 	
              9,880,164.93

            	 	 	
              15,715,155.47

            	 	 	
              34,690,331.74

            	 
	
              December
                25, 2011

            	 	 	
              9,436,329.64

            	 	 	
              14,785,552.33

            	 	 	
              34,165,978.77

            	 
	
              January
                25, 2012

            	 	 	
              8,994,976.08

            	 	 	
              13,861,346.07

            	 	 	
              33,644,342.19

            	 
	
              February
                25, 2012

            	 	 	
              8,556,091.73

            	 	 	
              12,942,509.54

            	 	 	
              33,125,408.08

            	 
	
              March
                25, 2012

            	 	 	
              8,119,664.12

            	 	 	
              12,029,015.75

            	 	 	
              32,609,162.58

            	 
	
              April
                25, 2012

            	 	 	
              7,685,680.82

            	 	 	
              11,120,837.85

            	 	 	
              32,095,591.91

            	 
	
              May
                25, 2012

            	 	 	
              7,254,129.51

            	 	 	
              10,217,949.14

            	 	 	
              31,584,682.35

            	 
	
              June
                25, 2012

            	 	 	
              6,824,997.91

            	 	 	
              9,320,323.05

            	 	 	
              31,076,420.26

            	 
	
              July
                25, 2012

            	 	 	
              6,398,273.80

            	 	 	
              8,427,933.16

            	 	 	
              30,570,792.08

            	 
	
              August
                25, 2012

            	 	 	
              5,980,818.04

            	 	 	
              7,568,475.86

            	 	 	
              30,069,921.08

            	 
	
              September
                25, 2012

            	 	 	
              5,565,701.68

            	 	 	
              6,714,048.70

            	 	 	
              29,571,645.41

            	 
	
              October
                25, 2012

            	 	 	
              5,152,912.71

            	 	 	
              5,864,625.82

            	 	 	
              29,075,951.71

            	 
	
              November
                25, 2012

            	 	 	
              4,742,439.20

            	 	 	
              5,020,181.48

            	 	 	
              28,582,826.72

            	 
	
              December
                25, 2012

            	 	 	
              4,334,269.30

            	 	 	
              4,180,690.09

            	 	 	
              28,092,257.20

            	 
	
              January
                25, 2013

            	 	 	
              3,928,391.18

            	 	 	
              3,346,126.19

            	 	 	
              27,604,230.01

            	 
	
              February
                25, 2013

            	 	 	
              3,524,793.12

            	 	 	
              2,516,464.45

            	 	 	
              27,118,732.07

            	 
	
              March
                25, 2013

            	 	 	
              3,123,463.41

            	 	 	
              1,691,679.69

            	 	 	
              26,635,750.38

            	 
	
              April
                25, 2013

            	 	 	
              2,724,390.45

            	 	 	
              871,746.84

            	 	 	
              26,155,271.99

            	 
	
              May
                25, 2013

            	 	 	
              2,327,562.66

            	 	 	
              56,640.99

            	 	 	
              25,677,284.03

            	 
	
              June
                25, 2013

            	 	 	
              1,932,968.56

            	 	 	
              0.00

            	 	 	
              25,201,773.68

            	 
	
              July
                25, 2013

            	 	 	
              1,540,596.70

            	 	 	
              0.00

            	 	 	
              24,728,728.20

            	 
	
              August
                25, 2013

            	 	 	
              1,163,467.18

            	 	 	
              0.00

            	 	 	
              24,262,256.44

            	 
	
              September
                25, 2013

            	 	 	
              788,430.34

            	 	 	
              0.00

            	 	 	
              23,798,194.84

            	 
	
              October
                25, 2013

            	 	 	
              415,475.21

            	 	 	
              0.00

            	 	 	
              23,336,530.93

            	 
	
              November
                25, 2013

            	 	 	
              44,590.86

            	 	 	
              0.00

            	 	 	
              22,877,252.30

            	 
	
              December
                25, 2013

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              22,420,346.62

            	 
	
              January
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              21,965,801.60

            	 
	
              February
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              21,513,605.04

            	 
	
              March
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              21,063,744.78

            	 
	
              April
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              20,616,208.73

            	 
	
              May
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              20,170,984.88

            	 
	
              June
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              19,733,270.19

            	 
	
              July
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              19,304,698.56

            	 
	
              August
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              18,896,934.76

            	 
	
              September
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              18,497,597.19

            	 

    

     

    
      
        
        

      

      
        S-III-2

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled Amount($) 

            	 	 	
              PAC(B)
                Scheduled Amount($) 

            	 	 	
              PAC(C)
                Scheduled Amount($) 

            	 
	
              October
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              18,106,514.49

            	 
	
              November
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              17,723,518.72

            	 
	
              December
                25, 2014

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              17,348,445.30

            	 
	
              January
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              16,981,133.01

            	 
	
              February
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              16,621,423.82

            	 
	
              March
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              16,269,162.92

            	 
	
              April
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              15,924,198.58

            	 
	
              May
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              15,586,382.16

            	 
	
              June
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              15,255,567.98

            	 
	
              July
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              14,931,613.32

            	 
	
              August
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              14,624,064.49

            	 
	
              September
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              14,322,736.78

            	 
	
              October
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              14,027,505.82

            	 
	
              November
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              13,738,249.75

            	 
	
              December
                25, 2015

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              13,454,849.09

            	 
	
              January
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              13,177,186.75

            	 
	
              February
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              12,905,147.95

            	 
	
              March
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              12,638,620.21

            	 
	
              April
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              12,377,493.24

            	 
	
              May
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              12,121,658.98

            	 
	
              June
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              11,869,543.08

            	 
	
              July
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              11,615,492.61

            	 
	
              August
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              11,366,707.17

            	 
	
              September
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              11,123,079.82

            	 
	
              October
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              10,884,505.79

            	 
	
              November
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              10,650,882.37

            	 
	
              December
                25, 2016

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              10,422,108.96

            	 
	
              January
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              10,198,086.93

            	 
	
              February
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,978,719.66

            	 
	
              March
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,763,912.45

            	 
	
              April
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,553,572.52

            	 
	
              May
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,347,608.93

            	 
	
              June
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,145,932.57

            	 
	
              July
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,948,456.12

            	 
	
              August
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,755,094.04

            	 
	
              September
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,565,762.46

            	 
	
              October
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,380,379.23

            	 
	
              November
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,198,863.84

            	 
	
              December
                25, 2017

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,021,137.39

            	 
	
              January
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,847,122.58

            	 
	
              February
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,676,743.66

            	 
	
              March
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,509,926.39

            	 
	
              April
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,346,598.05

            	 
	
              May
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,186,687.34

            	 
	
              June
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,030,124.45

            	 
	
              July
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,876,840.93

            	 
	
              August
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,726,769.72

            	 
	
              September
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,579,845.12

            	 
	
              October
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,436,002.74

            	 
	
              November
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,295,179.51

            	 
	
              December
                25, 2018

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,157,313.60

            	 
	
              January
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,022,344.43

            	 

    

     

    
      
        
        

      

      
        S-III-3

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled Amount($) 

            	 	 	
              PAC(B)
                Scheduled Amount($) 

            	 	 	
              PAC(C)
                Scheduled Amount($)  

            	 
	
              February
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,890,212.67

            	 
	
              March
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,760,860.16

            	 
	
              April
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,634,229.92

            	 
	
              May
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,510,266.12

            	 
	
              June
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,388,914.04

            	 
	
              July
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,270,120.10

            	 
	
              August
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,153,831.76

            	 
	
              September
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,039,997.58

            	 
	
              October
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,928,567.12

            	 
	
              November
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,819,490.99

            	 
	
              December
                25, 2019

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,712,720.79

            	 
	
              January
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,608,209.08

            	 
	
              February
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,505,909.39

            	 
	
              March
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,405,776.21

            	 
	
              April
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,307,764.91

            	 
	
              May
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,211,831.80

            	 
	
              June
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,117,934.06

            	 
	
              July
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,026,029.72

            	 
	
              August
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,936,077.68

            	 
	
              September
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,848,037.66

            	 
	
              October
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,761,870.21

            	 
	
              November
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,677,536.67

            	 
	
              December
                25, 2020

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,594,999.16

            	 
	
              January
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,514,220.58

            	 
	
              February
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,435,164.56

            	 
	
              March
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,357,795.48

            	 
	
              April
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,282,078.46

            	 
	
              May
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,207,979.29

            	 
	
              June
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,135,464.49

            	 
	
              July
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,064,501.24

            	 
	
              August
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,995,057.39

            	 
	
              September
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,927,101.44

            	 
	
              October
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,860,602.53

            	 
	
              November
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,795,530.44

            	 
	
              December
                25, 2021

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,731,855.55

            	 
	
              January
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,669,548.85

            	 
	
              February
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,608,581.91

            	 
	
              March
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,548,926.89

            	 
	
              April
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,490,556.51

            	 
	
              May
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,433,444.04

            	 
	
              June
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,377,563.31

            	 
	
              July
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,322,888.67

            	 
	
              August
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,269,395.00

            	 
	
              September
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,217,057.68

            	 
	
              October
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,165,852.61

            	 
	
              November
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,115,756.16

            	 
	
              December
                25, 2022

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,066,745.19

            	 
	
              January
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,018,797.06

            	 
	
              February
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,971,889.54

            	 
	
              March
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,926,000.89

            	 
	
              April
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,881,109.81

            	 
	
              May
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,837,195.42

            	 

    

     

    
      
        
        

      

      
        S-III-4

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled Amount($) 

            	 	 	
              PAC(B)
                Scheduled Amount($) 

            	 	 	
              PAC(C)
                Scheduled Amount($) 

            	 
	
              June
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,794,237.29

            	 
	
              July
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,752,215.38

            	 
	
              August
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,711,110.09

            	 
	
              September
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,670,902.19

            	 
	
              October
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,631,572.86

            	 
	
              November
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,593,103.67

            	 
	
              December
                25, 2023

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,555,476.56

            	 
	
              January
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,518,673.83

            	 
	
              February
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,482,678.17

            	 
	
              March
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,447,472.59

            	 
	
              April
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,413,040.48

            	 
	
              May
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,379,365.55

            	 
	
              June
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,346,431.85

            	 
	
              July
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,314,223.76

            	 
	
              August
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,282,725.98

            	 
	
              September
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,251,923.52

            	 
	
              October
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,221,801.71

            	 
	
              November
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,192,346.16

            	 
	
              December
                25, 2024

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,163,542.79

            	 
	
              January
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,135,377.81

            	 
	
              February
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,107,837.72

            	 
	
              March
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,080,909.28

            	 
	
              April
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,054,579.53

            	 
	
              May
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,028,835.78

            	 
	
              June
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,003,665.60

            	 
	
              July
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              979,056.83

            	 
	
              August
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              954,997.52

            	 
	
              September
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              931,476.02

            	 
	
              October
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              908,480.88

            	 
	
              November
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              886,000.90

            	 
	
              December
                25, 2025

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              864,025.12

            	 
	
              January
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              842,542.79

            	 
	
              February
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              821,543.39

            	 
	
              March
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              801,016.63

            	 
	
              April
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              780,952.40

            	 
	
              May
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              761,340.84

            	 
	
              June
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              742,172.25

            	 
	
              July
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              723,437.18

            	 
	
              August
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              705,126.34

            	 
	
              September
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              687,230.64

            	 
	
              October
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              669,741.18

            	 
	
              November
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              652,649.25

            	 
	
              December
                25, 2026

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              635,946.32

            	 
	
              January
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              619,624.03

            	 
	
              February
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              603,674.20

            	 
	
              March
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              588,088.81

            	 
	
              April
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              572,860.02

            	 
	
              May
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              557,980.15

            	 
	
              June
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              543,441.67

            	 
	
              July
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              529,237.22

            	 
	
              August
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              515,359.59

            	 
	
              September
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              501,801.71

            	 

    

     

    
      
        
        

      

      
        S-III-5

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled Amount($)  

            	 	 	
              PAC(B)
                Scheduled Amount($)  

            	 	 	
              PAC(C)
                Scheduled Amount($)  

            	 
	
              October
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              488,556.66

            	 
	
              November
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              475,617.69

            	 
	
              December
                25, 2027

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              462,978.15

            	 
	
              January
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              450,631.55

            	 
	
              February
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              438,571.55

            	 
	
              March
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              426,791.91

            	 
	
              April
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              415,286.54

            	 
	
              May
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              404,049.49

            	 
	
              June
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              393,074.90

            	 
	
              July
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              382,357.06

            	 
	
              August
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              371,890.37

            	 
	
              September
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              361,669.35

            	 
	
              October
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              351,688.63

            	 
	
              November
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              341,942.97

            	 
	
              December
                25, 2028

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              332,427.21

            	 
	
              January
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              323,136.32

            	 
	
              February
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              314,065.38

            	 
	
              March
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              305,209.55

            	 
	
              April
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              296,564.11

            	 
	
              May
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              288,124.44

            	 
	
              June
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              279,886.00

            	 
	
              July
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              271,844.38

            	 
	
              August
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              263,995.22

            	 
	
              September
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              256,334.29

            	 
	
              October
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              248,857.41

            	 
	
              November
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              241,560.54

            	 
	
              December
                25, 2029

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              234,439.67

            	 
	
              January
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              227,490.91

            	 
	
              February
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              220,710.45

            	 
	
              March
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              214,094.54

            	 
	
              April
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              207,639.54

            	 
	
              May
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              201,341.85

            	 
	
              June
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              195,197.99

            	 
	
              July
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              189,204.51

            	 
	
              August
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              183,358.06

            	 
	
              September
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              177,655.36

            	 
	
              October
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              172,093.19

            	 
	
              November
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              166,668.40

            	 
	
              December
                25, 2030

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              161,377.92

            	 
	
              January
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              156,218.73

            	 
	
              February
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              151,187.88

            	 
	
              March
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              146,282.48

            	 
	
              April
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              141,499.71

            	 
	
              May
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              136,836.80

            	 
	
              June
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              132,291.04

            	 
	
              July
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              127,859.79

            	 
	
              August
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              123,540.46

            	 
	
              September
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              119,330.51

            	 
	
              October
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              115,227.45

            	 
	
              November
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              111,228.87

            	 
	
              December
                25, 2031

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              107,332.38

            	 
	
              January
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              103,535.65

            	 

    

     

    
      
        
        

      

      
        S-III-6

        
          

        

      

      
        
        

      

    

     

    
      	 

              Distribution
                Date

            	 	 	
              PAC(A)
                Scheduled Amount($)  

            	 	 	
              PAC(B)
                Scheduled Amount($) 

            	 	 	
              PAC(C)
                Scheduled Amount($) 

            	 
	
              February
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              99,836.42

            	 
	
              March
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              96,232.45

            	 
	
              April
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              92,721.57

            	 
	
              May
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              89,301.65

            	 
	
              June
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              85,970.59

            	 
	
              July
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              82,726.37

            	 
	
              August
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              79,566.98

            	 
	
              September
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              76,490.46

            	 
	
              October
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              73,494.92

            	 
	
              November
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              70,578.47

            	 
	
              December
                25, 2032

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              67,739.29

            	 
	
              January
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              64,975.59

            	 
	
              February
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              62,285.62

            	 
	
              March
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              59,667.66

            	 
	
              April
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              57,120.04

            	 
	
              May
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              54,641.12

            	 
	
              June
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              52,229.30

            	 
	
              July
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              49,883.00

            	 
	
              August
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              47,600.70

            	 
	
              September
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              45,380.88

            	 
	
              October
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              43,222.09

            	 
	
              November
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              41,122.89

            	 
	
              December
                25, 2033

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              39,081.87

            	 
	
              January
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              37,097.66

            	 
	
              February
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              35,168.92

            	 
	
              March
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              33,294.32

            	 
	
              April
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              31,472.59

            	 
	
              May
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              29,702.47

            	 
	
              June
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              27,982.73

            	 
	
              July
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              26,312.16

            	 
	
              August
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              24,689.58

            	 
	
              September
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              23,113.86

            	 
	
              October
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              21,583.86

            	 
	
              November
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              20,098.49

            	 
	
              December
                25, 2034

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              18,656.67

            	 
	
              January
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              17,257.34

            	 
	
              February
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              15,899.48

            	 
	
              March
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              14,582.08

            	 
	
              April
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              13,304.17

            	 
	
              May
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              12,064.77

            	 
	
              June
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              10,862.95

            	 
	
              July
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              9,697.79

            	 
	
              August
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              8,568.39

            	 
	
              September
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              7,473.87

            	 
	
              October
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              6,413.38

            	 
	
              November
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              5,386.07

            	 
	
              December
                25, 2035

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              4,391.12

            	 
	
              January
                25, 2036

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              3,427.74

            	 
	
              February
                25, 2036

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              2,495.13

            	 
	
              March
                25, 2036

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              1,592.53

            	 
	
              April
                25, 2036

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              719.19

            	 
	
              May
                25, 2036

            	 	 	
              0.00

            	 	 	
              0.00

            	 	 	
              0.00

            	 

    

     

    
      
        
        

      

      
        S-III-7

        
          

        

      

       

    

    

    EXHIBIT
      A

    

    Form
      of
      Certificates

    
      
        
        

      

      
        A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}]]