Document:

Second Amendment Agreement

 Exhibit 10.19 
 EXECUTION COPY 
 SECOND AMENDMENT AGREEMENT 
 To Omnibus Pledge and Security Agreement and Irrevocable Proxy 
 Dated as of
June 1, 2009 
 by and among 
 RFC ASSET HOLDINGS II, LLC, 
 PASSIVE ASSET TRANSACTIONS, LLC 
 RESIDENTIAL CAPITAL, LLC 
 RESIDENTIAL FUNDING COMPANY, LLC 
 GMAC MORTGAGE, LLC 
 and certain of their
Affiliates from time to time parties hereto, 
 as Grantors, 
 GMAC INVESTMENT MANAGEMENT LLC, 
 as a Secured Party 
 and 
 GMAC LLC, 
 as Omnibus Agent, as Lender Agent under the Loan Agreement, 
 as Lender under the MSR
Loan Agreement, as Credit Agent under the Credit Agreement and as a 
 Secured Party 
  

					
		  		  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 This SECOND AMENDMENT AGREEMENT (this “Agreement”) dated as of June 1, 2009 (the
“Amendment Effective Date”), is by and among RFC Asset Holdings II, LLC, a Delaware limited liability company (“RAHI”), and Passive Asset Transactions, LLC, a Delaware limited liability company
(“PATI”); Residential Capital, LLC, a Delaware limited liability company (“ResCap”), Residential Funding Company, LLC, a Delaware limited liability company (“RFC”), and GMAC Mortgage, LLC, a
Delaware limited liability company (“GMAC Mortgage” and each of RAHI, PATI, ResCap, and RFC, together with any successors and assigns, is herein a “Grantor” and collectively, the “Grantors”);
GMAC Investment Management LLC, a Delaware limited liability company (together with its successors and assigns, “GMAC IM”), as a Secured Party; and GMAC LLC, a Delaware limited liability company, as agent for the Secured
Parties (in such capacity, the “Omnibus Agent”), as Lender Agent under the Loan Agreement, as Lender under the MSR Loan Agreement, as Credit Agent under the Credit Agreement and as a Secured Party. 
 Reference is hereby made to the Omnibus Pledge and Security Agreement and Irrevocable Proxy dated as of March 18, 2009 among the Grantors, GMAC IM
and the Omnibus Agent (as amended and modified through the date hereof, the “Omnibus Security Agreement”). 
 RECITALS

 1. Each of the parties hereto is a party to the Omnibus Security Agreement. 
 2. The parties hereto desire to make certain amendments to the Omnibus Security Agreement. 
 3. Each of the parties hereto, by its signature hereto, hereby acknowledges, consents and agrees to the changes set forth herein. 
 4. In consideration of the promises and mutual agreements herein contained and for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINED TERMS 
 SECTION 1.1 Capitalized terms used herein and not otherwise defined
shall have the meaning set forth in the Omnibus Security Agreement. 
 ARTICLE II 
 CREDIT AGENT 
 The Credit Agent is hereby made a party to the Omnibus Security
Agreement, and the Credit Agent hereby (i) agrees to become a party to the Omnibus Security Agreement, (ii) to be bound by the terms thereof, and (iii) ratifies and confirms its appointment of the Omnibus Agent as its agent pursuant
to Section 11 of the Omnibus Security Agreement. 
  

					
		  		  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 ARTICLE III 
 AMENDMENTS TO THE OMNIBUS SECURITY AGREEMENT 
 SECTION 3.1 Amendments to Section 1.
Section 1 to the Omnibus Security Agreement is hereby amended by amending and restating the following definitions: 
 “Account Collateral means Deposit Accounts, Securities Accounts and other Collateral described in clauses (f) and (g) of Section 2 hereof. 
 Obligations means obligations, indebtedness, fees, expenses (including, without limitation, attorneys’ fees and expenses) and
liabilities of any ResCap Counterparty or Grantor under any Specified Document, now existing or hereafter arising under or in connection with the Specified Documents, whether monetary or otherwise, matured or unmatured, direct, indirect, related,
unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, and any interest accruing thereon (including any interest that accrues after the commencement of any proceeding by or against any ResCap Counterparty
or any other Person under any bankruptcy, insolvency, liquidation, moratorium, receivership, reorganization or other debtor relief law) and all attorneys’ fees and other expenses incurred in the collection or enforcement thereof;
including without limitation (a) the obligations, indebtedness and liabilities of the ResCap Counterparties under the Master Netting Agreement or otherwise pursuant to the terms of the other Derivative Documents, (b) all other
“Obligations” as defined in the Loan Agreement, (c) all other “Secured Obligations” as defined in the MSR Loan Agreement, and (d) all other “Obligations” as defined in the Credit Agreement. 
 Permitted Liens means (a) Liens arising under this Agreement or the other Security Documents, (b) with respect to all
“Collateral” as defined in the November Security Agreement, any Liens permitted under the Loan Agreement, (c) with respect to all Derivative Collateral, any Liens permitted under the Derivative Documents, (d) with respect to
all “Collateral” as defined in the MSR Loan Agreement, any Liens permitted under the MSR Loan Agreement and (e) with respect to all “Collateral” as defined in the Credit Agreement, any Liens permitted under the Credit
Agreement. 
 Secured Parties means (i) GMAC IM, (ii) GMAC LLC, as lender under the MSR Loan Agreement, (iii) each
“Indemnified Party” under and as defined in the MSR Loan Agreement, (iv) the Lender Agent, for the benefit of the “Lender Parties” under and as defined in the Loan Agreement, (v) the Credit Agent, for the benefit of the
“Lender Parties” under and as defined in the Credit Agreement and (vi) any other Person to whom any Obligation is owed. 
 Specified Documents means (i) each of the Derivative Documents, (ii) each of the November Documents, (iii) each of the MSR Documents, (iv) each of the Credit Documents and (v) this Agreement. 
  

					
		  	2	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 SECTION 3.2 Amendments to Section 1. Section 1 to the Omnibus Security Agreement
is hereby amended by inserting the following definitions in the proper alphabetical order: 
 “Credit Agent means GMAC LLC, in its
capacity as agent for the “Lender Parties” under and as defined in the Credit Agreement. 
 Credit Agreement means that
certain Credit Agreement, dated as of June 1, 2009, as amended, supplemented, restated or otherwise modified from time to time, among RAHI and PATI, as borrowers, ResCap, RFC, and GMAC Mortgage, as guarantors, and GMAC LLC, as agent
and initial lender, and certain other financial institutions and Persons from time to time party thereto as lenders, pursuant to which the lenders thereunder have agreed to make loans to RAHI and PATI. 
 Credit Documents means the Credit Agreement, the notes issued thereunder by RAHI and PATI as borrowers thereunder, the Fourth Security Agreement
(as defined in the Credit Agreement), and all notices, certificates, financing statements, agreements and other documents to be executed and delivered by RAHI, PATI, ResCap, RFC or GMAC Mortgage pursuant to the foregoing or otherwise in
connection with the Credit Agreement or the extension of financing contemplated thereunder.” 
 SECTION 3.3 Amendment to
Section 7. Section 7(c) of the Omnibus Security Agreement is hereby amended and restated in its entirety as follows: 
 “(c) The Grantors hereby acknowledge and agree that (i) the covenants and restrictions contained in Article VII (other than Section 7.02(h)), Article X and Section 12.11 of the Loan Agreement are incorporated by
reference herein and shall apply with respect to the November Collateral, (ii) the covenants and restrictions contained in Sections 7.01(d), 7.01(k) 7.01(n), 7.01(r), 7.02(a), 7.02(d), 7.03(m) and 12.11 of the Loan Agreement are incorporated by
reference herein and shall apply with respect to the Derivative Collateral, (iii) the covenants and restrictions contained in Section 4.03, Section 4.04, Article VII (other than the covenant contained in Section 7.02(b)) and
Article X of the MSR Loan Agreement are incorporated by reference herein and shall apply with respect to the MSR Collateral, and (iv) the covenants and restrictions contained in Article VII (other than Section 7.02(h)), Article X
and Section 12.11 of the Credit Agreement are incorporated by reference herein and shall apply with respect to the November Collateral; provided that if either the Loan Agreement, the Credit Agreement or the MSR Loan Agreement shall
cease to be in effect, references in this Section to such agreement shall be deemed to be references to such agreement immediately prior to the time it ceased to be in effect.” 
  

					
		  	3	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 SECTION 3.4 Amendment to Section 15. Section 15(a) of the Omnibus Security Agreement is
hereby amended and restated in its entirety as follows: 
 “(a) Notwithstanding anything to the contrary contained herein or in any
other Specified Document, in the event that any Collateral is also pledged to the Lender Agent, the Omnibus Agent or the Credit Agent to secure the Obligations by any Grantor pursuant to any security, pledge or similar agreement governed by foreign
law (a “Foreign Pledge Agreement”) and the provisions of such Foreign Pledge Agreement conflict with the provisions of this Agreement, the applicable Grantor shall comply with the provisions of such Foreign Pledge Agreement and
shall not be deemed to have breached any representation or covenant contained herein or in any other Specified Document as a result thereof. 
 ARTICLE IV 
 CONDITIONS TO EFFECTIVENESS 
 SECTION 4.1 Amendment Effective Date. This Agreement and the provisions contained herein shall become effective as of the Amendment Effective Date. 
 SECTION 4.2 Opinions. On or before June 1, 2009, the Grantors shall deliver or cause to be delivered opinions of counsel to the Borrowers,
the Guarantors and Grantors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Omnibus Agent. 
 SECTION 4.3 Other. On or before June 1, 2009, the Grantors shall deliver or cause to be delivered such other documents, including but not limited to the Grantors’ board resolutions approving this
Agreement, as the Omnibus Agent may reasonably request, which documents will be in form and substance satisfactory to the Omnibus Agent. 
 ARTICLE V 
 ACKNOWLEDGEMENTS, CONSENTS, NOTICE, CONFIRMATION AND 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 5.1 Notice. Each party hereto hereby
acknowledges timely notice of the execution of this Agreement and of the transactions and amendments contemplated hereby. Each party hereto hereby waives any notice requirement contained in the Omnibus Security Agreement or the Specified Documents
with respect to the execution of this Agreement. 
 SECTION 5.2 Confirmation of the Omnibus Security Agreement. The Grantors each
hereby acknowledge and agree that the Omnibus Security Agreement and each other Specified Document (as amended as of the date hereof) are each ratified and confirmed in all respects and shall remain in full force and effect in accordance with their
respective terms. Without limiting the foregoing, each Grantor reaffirms its grant of a security interest in all the Collateral pledged by it, and agrees that such security interest secures all Obligations as defined in the Omnibus Security
Agreement, as amended by this Agreement (the “Amended Agreement”). As of the Amendment Effective Date, (i) each reference in the Omnibus Security Agreement to “this Agreement” or in any other Specified Document to the
“Omnibus Security Agreement” shall mean the Amended Agreement as hereinafter amended or restated, and (ii) each reference in the Amended Agreement or any other Specified Document to the parties to the Omnibus Security Agreement or the
Secured Parties shall include the Credit Agent and the other Secured Parties, as defined in the Amended Agreement. 
  

					
		  	4	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 SECTION 5.3 Representations and Warranties. By its signature hereto, each Grantor hereby
represents and warrants that, before and after giving effect to this Agreement, as follows: 
 (a) Its representations and
warranties set forth in the Omnibus Security Agreement are true and correct as if made on the date hereof, except to the extent they expressly relate to an earlier date; and 
 (b) No Default has occurred and is continuing. 
 ARTICLE VI 
 MISCELLANEOUS 
 SECTION 6.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (BUT WITH REFERENCE TO
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH BY ITS TERMS APPLIES TO THIS AGREEMENT). 
 SECTION 6.2 Execution in
Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original (whether such counterpart is originally
executed or an electronic copy of an original and each party hereto expressly waives its rights to receive originally executed documents) and all of which when taken together shall constitute one and the same agreement. 
 SECTION 6.3 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO A TRIAL BY JURY WITH RESPECT TO ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. 
 SECTION 6.4 Entire Agreement. This Agreement, the Security Agreement and
the other Facility Documents embody the entire agreement and understanding of the parties hereto and supersede any and all prior agreements, arrangements and understanding relating to the matters provided for herein. 
 SECTION 6.5 Captions. The various captions in this Agreement are included for convenience only and shall not affect the meaning or interpretation
of any provision of this Agreement. 
 SECTION 6.6 Severability. If any provision of this Agreement, or the application thereof to any
party or any circumstance, is held to be unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Agreement, modified by the deletion of the unenforceable invalid or illegal portion
(in any relevant jurisdiction), will continue in full force and effect, and such unenforceability, invalidity or illegality will not otherwise affect the enforceability, validity or legality of the remaining terms of this Agreement so long as this
Agreement, as so modified, continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the deletion of such portion of this Agreement will not substantially impair the respective
expectations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. 
  

					
		  	5	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 SECTION 6.7 SUBMISSION TO JURISDICTION. EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE
NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY OF MANHATTAN OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH LITIGATION. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO HEREBY CONSENTS
TO PROCESS BEING SERVED IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT, OR ANY DOCUMENT DELIVERED PURSUANT HERETO BY THE MAILING OF A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT REQUESTED, TO ITS
RESPECTIVE ADDRESS SPECIFIED AT THE TIME FOR NOTICES UNDER THIS AGREEMENT OR TO ANY OTHER ADDRESS OF WHICH IT SHALL HAVE GIVEN WRITTEN OR ELECTRONIC NOTICE TO THE OTHER PARTIES. THE FOREGOING SHALL NOT LIMIT THE ABILITY OF ANY PARTY HERETO TO BRING
SUIT IN THE COURTS OF ANY JURISDICTION. 
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		  	6	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers
thereunto duly authorized, as of the date first above written. 
  

			
	RFC ASSET HOLDINGS II, LLC,
	as Grantor
		
	By:	 	/s/ Melissa White

			
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-1	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	PASSIVE ASSET TRANSACTIONS, LLC,
	as Grantor
		
	By:	 	/s/ Melissa White

			
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-2	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	RESIDENTIAL CAPITAL, LLC,
	as Grantor
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Assistant Treasurer

  

					
		  	S-3	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	RESIDENTIAL FUNDING COMPANY, LLC,
	as Grantor
		
	By:	 	/s/ Melissa White

			
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-4	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	GMAC MORTGAGE, LLC,
	as Grantor
		
	By:	 	/s/ Melissa White

			
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-5	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	 GMAC LLC,
 as Omnibus Agent,
 as Lender Agent under the Loan Agreement,
 as Lender under the MSR Loan
Agreement,
 as Credit Agent under the Credit Agreement
 and as
Secured Party

		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-6	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

			
	 GMAC INVESTMENT MANAGEMENT LLC,
 as Secured
Party

		
	By:	 	/s/ Melissa Melvin

			
	Name:	 	Melissa Melvin
	Title:	 	Assistant Secretary

  

					
		  	S-7	  	 Second Amendment Agreement to
 Omnibus Pledge and Security Agreement

 ACKNOWLEDGEMENT AND AGREEMENT BY THE SENIOR DEBT AGENT 
 The Senior Debt Agent hereby acknowledges and agrees with the Omnibus Agent that none of the Collateral is subject to the lien created by the Senior Debt
Security Documents. The Senior Debt Agent further agrees, upon request of the Omnibus Agent, to take such actions as are reasonably necessary to cause Wells Fargo Bank, N.A., as First Priority Collateral Agent under the Senior Debt Loan Agreement,
to confirm that no lien exists with respect to such Collateral pursuant to the Senior Debt Security Documents. 
  

			
	GMAC LLC,
	as Senior Debt Agent
		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-8	  	 Second Amendment Agreement to
 Omnibus Pledge and Security AgreementFirst Amendment to the Guarantee and Master Netting Agreement

 Exhibit 10.20 
 EXECUTION COPY 
 FIRST AMENDMENT TO THE 
 GUARANTEE AND MASTER NETTING AGREEMENT 
 Dated as of June 1, 2009

 FIRST AMENDMENT TO THE GUARANTEE AND MASTER NETTING AGREEMENT (this “Amendment”), by and among GMAC LLC
(“GMAC”), GMAC Investment Management LLC (“GMAC IM”), GMAC Mortgage, LLC (“GMAC Mortgage”), Residential Funding Company, LLC (“RFC”), Residential Capital, LLC
(“Rescap”, together with GMAC Mortgage and RFC, the “Rescap Parties,” each of Rescap, GMAC Mortgage and RFC individually, a “Rescap Party”), Passive Asset Transactions, LLC
(“PATI”) and RFC Asset Holdings II, LLC (“RAHI”). 
 PRELIMINARY STATEMENTS: 
 (1) GMAC, GMAC IM, the Rescap Parties, PATI and RAHI have entered into a Guarantee and Master Netting Agreement, dated as of March 18, 2009 (the
“Master Netting Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Master Netting Agreement. 
 (2) The parties hereto have agreed to amend the Master Netting Agreement on the terms and conditions set forth herein. 
 For good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Amendments to the Master Netting Agreement. The Master Netting Agreement is, effective as of the date hereof, hereby amended as
follows: 
 (a) The definition of “Settlement-Only Obligation” in Section 1(b) of the Master Netting Agreement
is hereby amended and restated in full to read as follows: 
 “Settlement-Only Obligation means (x) an Obligation to deliver
securities or to transfer funds therefor under Section 5 of the “Master Forward Agreement” described on Exhibit A, or (y) any Obligation under the “$430MM Facility,” the “MSR Facility” or the
“$370MM Facility” described on Exhibit A.” 
 (b) Section 10 of the Master Netting Agreement is
hereby amended and restated in full to read as follows: 
 “Restriction on Liens. Each Rescap Party hereby agrees that it shall
not grant any lien or security interest in its rights under this Agreement other than (a) the lien created pursuant to the Omnibus Pledge and Security Agreement and Irrevocable Proxy, dated as of March 18, 2009 (as amended, supplemented,
restated or otherwise modified from time to time, the “Omnibus Security Agreement”), by and among RFC Asset Holdings II, LLC, Passive Asset Transactions, LLC and certain of their Affiliates from time to time party thereto, as
grantors, GMAC IM, as secured party, and GMAC LLC, as omnibus agent, as lender agent, as lender and as secured party, (b) liens created pursuant to the other “Derivative Agreements,” as such term is defined in the Omnibus Security
Agreement, (c) the lien created pursuant to the Pledge and 

  

					
		  		  	 First Amendment to Guarantee
 and Master Netting Agreement

 
Security Agreement and Irrevocable Proxy, dated as of June 1, 2009, between RAHI, PATI and certain of their Affiliates from time to time party thereto,
as grantors, and GMAC LLC, as secured party (as amended or modified from time to time, the “Fourth Security Agreement”) and (d) any lien for taxes or assessments or other governmental charges or levies not then due and
payable (or which, if due and payable, are being contested in good faith either with the third party to whom such taxes are owed or the third party obligated to pay such taxes and for which adequate reserves are being maintained, to the extent
required by generally accepted accounting principles, and such proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such lien). 
 (c) Exhibit A to the Master Netting Agreement is hereby amended by inserting the following at the end thereof: 
 “$370MM Facility: 
 Credit
Agreement, dated as of June 1, 2009, by and among Passive Asset Transactions, LLC and RFC Asset Holdings II, LLC, as borrowers, Residential Funding Company, LLC, GMAC Mortgage, LLC and Residential Capital, LLC, as guarantors, GMAC LLC, as
initial lender and as credit agent and omnibus agent, and certain other financial institutions and persons from time to time party thereto as lenders, as such agreement may be amended, supplemented, restated or otherwise modified from time to
time.” 
 SECTION 2. Effectiveness. This Amendment and the provisions contained herein shall become effective as of the date
first above written. 
 SECTION 3. Reference to and Effect on the Loan Documents. (a) On and after the effectiveness of this
Amendment, each reference in the Master Netting Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Master Netting Agreement, and each reference in the Underlying Master
Agreements or the Security Documents to “the Guarantee and Master Netting Agreement,” “thereunder,” “thereof” or words of like import referring to the Master Netting Agreement, shall mean and be a reference to the
Master Netting Agreement, as amended by this Amendment. 
 (b) The Master Netting Agreement, as specifically amended by this Amendment, is and
shall continue to be in full force and effect and is hereby in all respects ratified and confirmed. 
 SECTION 4. Notice. Each party
hereto hereby acknowledges timely notice of the execution of this Amendment and of the transactions and amendments contemplated hereby. Each party hereto hereby waives any notice requirement contained in the Master Netting Agreement, Underlying
Master Agreements or the Security Documents with respect to the execution of this Amendment. 
  

					
		  	2	  	 First Amendment to Guarantee
 and Master Netting Agreement

 SECTION 5. Consent to Security Interest. Each of the parties hereto hereby consent to the creation
and existence of the security interests in the Collateral created by the Fourth Security Agreement. 
 SECTION 6. Execution in
Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall
constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 7. SUBMISSION TO JURISDICTION. EACH OF THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY (TO THE MAXIMUM EXTENT NOT PROHIBITED
BY LAW): 
 (a) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR FOR
RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE NON-EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE
COURTS FROM ANY THEREOF; 
 (b) CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND WAIVES ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE SAME; 
 (c) AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL
(OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS SET FORTH HEREIN OR AT SUCH OTHER ADDRESS OF WHICH THE OTHER PARTY SHALL HAVE BEEN NOTIFIED PURSUANT HERETO; 
 (d) AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT
TO SUE IN ANY OTHER JURISDICTION; AND 
  

					
		  	3	  	 First Amendment to Guarantee
 and Master Netting Agreement

 (e) WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR PROCEEDING REFERRED
TO IN THIS SUBSECTION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. 
 SECTION 8. WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ITS RIGHT TO A JURY TRIAL IN ANY SUIT, ACTION OR PROCEEDING ARISING AS A RESULT OF OR RELATING TO THIS AGREEMENT. 
 SECTION 9. Entire Agreement. This Amendment, the Master Netting Agreement and the other Facility Documents embody the entire agreement and
understanding of the parties hereto and supersede any and all prior agreements, arrangements and understanding relating to the matters provided for herein. 
 SECTION 10. Captions. The various captions in this Amendment are included for convenience only and shall not affect the meaning or interpretation of any provision of this Amendment. 
 SECTION 11. Severability. If any provision of this Amendment, or the application thereof to any party or any circumstance, is held to be
unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Amendment, modified by the deletion of the unenforceable invalid or illegal portion (in any relevant jurisdiction), will
continue in full force and effect, and such unenforceability, invalidity or illegality will not otherwise affect the enforceability, validity or legality of the remaining terms of this Amendment so long as this Amendment, as so modified, continues
to express, without material change, the original intentions of the parties as to the subject matter hereof and the deletion of such portion of this Amendment will not substantially impair the respective expectations of the parties or the
practical realization of the benefits that would otherwise be conferred upon the parties. 
 SECTION 12. This Agreement shall be governed by,
and construed in accordance with the laws of the State of New York (including Section 5-1401 of the New York General Obligations Law but excluding all other choice of law and conflicts of law rules). 
 [signature pages follow] 
  

					
		  	4	  	 First Amendment to Guarantee
 and Master Netting Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written. 
  

			
	GMAC LLC
	a Delaware limited liability company
	as Lender
		
	By:	 	/s/ David C. Walker

			
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-1	  	 First Amendment to Guarantee
 and Master Netting Agreement

			
	GMAC INVESTMENT MANAGEMENT LLC
		
	By:	 	/s/ Melissa Melvin

			
	Name:	 	Melissa Melvin
	Title:	 	Assistant Secretary

  

					
		  	S-2	  	 First Amendment to Guarantee
 and Master Netting Agreement

			
	GMAC MORTGAGE, LLC
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	RESIDENTIAL FUNDING COMPANY, LLC

			
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	RESIDENTIAL CAPITAL, LLC

			
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Assistant Treasurer
	
	RFC ASSET HOLDINGS II, LLC

			
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Treasurer
	
	PASSIVE ASSET TRANSACTIONS, LLC

			
		
	By:	 	/s/ John M. Peterson

			
	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		  	S-3	  	 First Amendment to Guarantee
 and Master Netting Agreement

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