Document:

EX-10.1

 Exhibit 10.1 

Execution 
 [***] Indicates confidential
material that has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission. A complete copy of this agreement has been filed with the Securities and Exchange Commission. 

 
  

SERVICING RIGHTS PURCHASE AND SALE AGREEMENT 

BY AND BETWEEN 

SUNTRUST MORTGAGE, INC. 

as 
 PURCHASER 

AND 
 HOMESTREET BANK

 as 
 SELLER

 Dated as of June 30, 2014 
  

 

 TABLE OF CONTENTS 

Page 
  

							
	 ARTICLE I INCORPORATION OF RECITALS; DEFINITIONS
	  	 	5	  
			
	         Section 1.1
	  	Incorporation of Recitals	  	 	5	  
	         Section 1.2
	  	Definitions	  	 	5	  
		
	 ARTICLE II SALE OF SERVICING RIGHTS AND RELATED ITEMS
	  	 	13	  
			
	 Section 2.1
	  	Agreement of Sale	  	 	13	  
	 Section 2.2
	  	Assumption of Liabilities	  	 	13	  
	 Section 2.3
	  	Closing	  	 	13	  
	 Section 2.4
	  	Conditions Precedent to Sale by the Seller	  	 	13	  
	 Section 2.5
	  	Conditions Precedent to Purchase by the Purchaser	  	 	13	  
		
	ARTICLE III PURCHASE PRICE AND RELATED MATTERS	  	 	15	  
			
	 Section 3.1
	  	Purchase Price	  	 	15	  
	 Section 3.2
	  	Payment of Purchase Price	  	 	15	  
	 Section 3.3
	  	Form of Payment to be Made	  	 	17	  
	 Section 3.4
	  	Errors and Adjustments to the Mortgage Loan Schedule	  	 	18	  
	 Section 3.5
	  	Certain Adjustments and Refunds	  	 	18	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	19	  
			
	 Section 4.1
	  	Representations and Warranties of the Seller	  	 	19	  
	 Section 4.2
	  	Representations and Warranties of the Seller regarding the Servicing Rights and Mortgage Loans	  	 	21	  
	 Section 4.3
	  	Representations and Warranties of Purchaser	  	 	26	  
		
	 ARTICLE V COVENANTS
	  	 	28	  
			
	 Section 5.1
	  	Investor Consent	  	 	28	  
	 Section 5.2
	  	Interim Servicing	  	 	28	  
	 Section 5.3
	  	Access to and Release of Information	  	 	28	  
	 Section 5.4
	  	Transfer of Servicing	  	 	29	  
	 Section 5.5
	  	Data Files, Mortgage Files and Related Materials	  	 	29	  
	 Section 5.6
	  	[Reserved]	  	 	31	  
	 Section 5.7
	  	Escrows and Advances; Reconciliation	  	 	31	  
	 Section 5.8
	  	Escrow Interest and Analysis	  	 	32	  
	 Section 5.9
	  	Forwarding of Payments and Other Items	  	 	32	  
	 Section 5.10
	  	Assignment of Flood and Tax Service Contracts	  	 	32	  
	 Section 5.11
	  	IRS Reporting	  	 	33	  
	 Section 5.12
	  	Notification of Mortgagors, Insurance Companies, etc	  	 	33	  
	 Section 5.13
	  	SCRA Schedule	  	 	33	  

  
 -ii- 

							
	         Section 5.14
	 	Power of Attorney	  	 	33	  
	         Section 5.15
	 	Cooperation	  	 	33	  
	         Section 5.16
	 	Loss Mitigation	  	 	34	  
	         Section 5.17
	 	[Reserved]	  	 	34	  
	         Section 5.18
	 	Non-Solicitation	  	 	34	  
	         Section 5.19
	 	Post-Transfer Servicing	  	 	34	  
		
	ARTICLE VI INDEMNIFICATION	  	 	35	  
			
	        Section 6.1	 	Indemnification of the Purchaser	  	 	35	  
	        Section 6.2	 	Repurchase of Mortgage Loans, REO Property and Servicing Rights	  	 	35	  
	        Section 6.3	 	[Reserved]	  	 	37	  
	        Section 6.4	 	Indemnification of Seller	  	 	37	  
	        Section 6.5	 	Notice and Settlement of Claims	  	 	38	  
		
	ARTICLE VII TERMINATION	  	 	39	  
			
	        Section 7.1	 	Termination	  	 	39	  
	        Section 7.2	 	Effect of Termination	  	 	39	  
		
	ARTICLE VIII MISCELLANEOUS	  	 	41	  
			
	        Section 8.1	 	Exclusivity	  	 	41	  
	        Section 8.2	 	Confidentiality	  	 	41	  
	        Section 8.3	 	Costs and Expenses; Broker’s Fees	  	 	41	  
	        Section 8.4	 	Notices	  	 	42	  
	        Section 8.5	 	Entire Agreement; Amendments and Waivers	  	 	42	  
	        Section 8.6	 	Governing Law	  	 	43	  
	        Section 8.7	 	Submission to Jurisdiction	  	 	43	  
	        Section 8.8	 	Waiver of Jury Trial	  	 	43	  
	        Section 8.9	 	General Interpretive Principles	  	 	43	  
	        Section 8.10	 	Effect of Headings; Exhibits; No Strict Construction	  	 	44	  
	        Section 8.11	 	Severability Clause	  	 	44	  
	        Section 8.12	 	Due Diligence	  	 	44	  
	        Section 8.13	 	Survival	  	 	44	  
	        Section 8.14	 	No Remedy Exclusive	  	 	44	  
	        Section 8.15	 	Successors and Assigns; Third Party Beneficiaries	  	 	44	  
	        Section 8.16	 	Sale Treatment	  	 	45	  
	        Section 8.17	 	Reproduction of Documents	  	 	45	  
	        Section 8.18	 	Further Assurances	  	 	45	  
	        Section 8.19	 	Counterparts	  	 	45	  

  
 -iii- 

 SERVICING RIGHTS PURCHASE AND SALE AGREEMENT 

This SERVICING RIGHTS PURCHASE AND SALE AGREEMENT, dated as of June 30, 2014 (the “Effective Date”), is by and between
SUNTRUST MORTGAGE, INC., a Virginia corporation (the “Purchaser”) and HOMESTREET BANK, a Washington state chartered savings bank (the “Seller”). 

W I T N E S S E T H: 

WHEREAS, the Seller is the owner of servicing rights related to certain mortgage loans sold to or securitized with the Federal National
Mortgage Association; and 
 WHEREAS, on the terms and subject to the conditions set forth herein, the Seller desires to sell, transfer and
assign, and the Purchaser desires to purchase and assume, all right, title and interest in and to certain of such servicing rights. 
 NOW,
THEREFORE, in consideration of the mutual promises, covenants and conditions and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and upon the terms and subject to the conditions set forth
herein, the Parties hereto agree as follows: 

  
 4 

 ARTICLE I 

INCORPORATION OF RECITALS; DEFINITIONS 

Section 1.1 Incorporation of Recitals. The recitals set forth above are incorporated herein by reference. 

Section 1.2 Definitions. As used in this Agreement, the following capitalized terms shall have the meanings specified
below: 
 Action: Any action, suit, litigation, arbitration, inquiry, proceeding or investigation by or before any
Governmental Authority or arbitrator. 
 Advances: The moneys that have been advanced by the Servicer from its funds in
connection with its servicing of the Mortgage Loans in accordance with Applicable Requirements (including P & I Advances, T & I Advances and Corporate Advances) and for which the Servicer has a right of reimbursement under the applicable
Servicing Agreements. 
 Agreement: This Servicing Rights Purchase and Sale Agreement, including all amendments hereof and
supplements hereto, and all Exhibits and Schedules attached hereto. 
 Ancillary Fees: All fees and income derived from and
related to the Mortgage Loans, excluding Servicing Fees attributable to the Mortgage Loans, but including late charges, prepayment penalties, incentive fees payable under HAMP or other program with a Governmental Authority, fees received with
respect to checks or bank drafts returned by the related bank for non-sufficient funds, assumption fees, optional insurance administrative fees, income on escrow accounts and custodial accounts or other receipts on or with respect to such Mortgage
Loans, and all other incidental fees, income and charges collected from or assessed against the Mortgagor, other than those charges payable to the Investor under the terms of the applicable Servicing Agreements. 

Applicable Law: As of the time of reference, all applicable federal, state and local laws, rules, regulations and ordinances.

 Applicable Requirements: As of the time of reference and as applicable, (a) the terms of the Mortgage Loan Documents,
with respect to each Mortgage Loan, (b) all Applicable Laws applicable to the origination, sale, pooling, insuring, guarantying or servicing of any Mortgage Loan or Servicing Right at the relevant time, (c) the Servicing Agreements,
(d) any Orders applicable to any Mortgage Loan or Servicing Right, (e) all legal and contractual obligations to or with the Investor, any applicable Insurer or Governmental Authority applicable to any Mortgage Loan or Servicing Right and
(f) those mortgage origination, sale and servicing practices (including collection practices) of prudent mortgage banking institutions which originate, sell and service mortgage loans of the same types as such Mortgage Loans in the jurisdiction
where the related Mortgaged Properties are located. 
 Assignment of Mortgage: A written instrument that, when recorded in the
appropriate office of the local jurisdiction in which the related Mortgaged Property is located, will reflect the transfer of the Mortgage identified therein from the transferor to the transferee named therein. 

  
 5 

 Bill of Sale: A Bill of Sale for the sale of Servicing Rights on the Sale Date, in
the form of Exhibit C. 
 Business Day: Any day other than a Saturday, Sunday, legal holiday or other day on which
national banks are required by law or executive order to be closed. 
 Claim: As defined in Section 6.5. 

Code: The Internal Revenue Code of 1986, as the same may be amended from time to time (or any successor statute thereto). 

Collateral Files: With respect to each Mortgage Loan, the file containing the Mortgage Loan Documents and such other documents
or instruments as are required to be maintained with the Document Custodian or necessary to obtain certification pursuant to Applicable Requirements. 

Compensatory Fees: Fees or penalties imposed by an Investor on the Servicer for an unjustifiable failure to complete a
Foreclosure within such Investor’s required “state foreclosure time lines.” 
 Corporate Advances: Advances
related to a delinquent Mortgage Loan expended by Seller in accordance with the Servicing Agreements (other than P & I Advances and T & I Advances), including attorney fees and costs, property preservation, property inspection, and valuation
fees, as well as other default related expenses. 
 Custodial Accounts: The accounts in which Custodial Funds are deposited
and held by the Servicer pending remittance or distribution thereof, all in accordance with Applicable Requirements. 
 Custodial
Funds: All funds held by or in the control of the Seller with respect to the Mortgage Loans, including, but not limited to, all principal and interest funds and any other funds due the Investor, buydown funds, funds for the payment of taxes,
assessments, insurance premiums, ground rents and similar charges, funds from hazard insurance loss drafts and other mortgage escrow and impound amounts (including interest accrued thereon for the benefit of the Mortgagors under the Mortgage Loans,
if required by Applicable Requirements) maintained by the Seller relating to the Mortgage Loans. 
 Document Custodian: A
document custodian approved by the Investor and designated by the Purchaser. 
 Effective Date: As defined in the introductory
phrase of this Agreement. 
 Electronic Data File: The test tape(s), sale tape(s) and/or transfer tape(s) and other electronic
files or media containing the Mortgage Loan and Servicing Rights information to be delivered to the Purchaser, which shall be in the format specified by the Purchaser. 

  
 6 

 Estimate Date: The close of business on June 20, 2014. 

Estimated Purchase Price: An amount equal to the product of the Purchase Price Percentage multiplied by the aggregate
outstanding principal balance, as of the Estimate Date, of the Mortgage Loans set forth on the preliminary Mortgage Loan Schedule (excluding any which the Seller is aware are Excluded Loans). 

Estimated Purchase Price Computation Worksheet: An estimated purchase price computation worksheet substantially in the form of
Exhibit B-1. 
 Excluded Loans: A Mortgage Loan: (a) which has been converted to a REO Property, whether by
Foreclosure, deed in lieu or otherwise, as of the Transfer Date; (b) that has been paid off or satisfied in full as of the Transfer Date; (c) which, as of the Sale Date, is 60 or more days past due (without regard for any grace period);
(d) which, as of the Sale Date, is in bankruptcy or for which a Foreclosure action has been initiated; (e) is a HomePath Renovation Loan; or (f) is a Loss Mitigation Loan 

Fannie Mae: The Federal National Mortgage Association or any successor thereto. 

Federal Funds Rate: The “high” interest rate for reserves traded among commercial banks for overnight use in amounts
of one million dollars ($1 million) or more, as reported by The Wall Street Journal under “Federal Funds” rates as of the first Business Day of each month. 

Foreclosure: The procedure pursuant to which a lienholder acquires title to a Mortgaged Property in a foreclosure sale, or a
sale under power of sale, or other acquisition of title to the Mortgaged Property based upon a default by the Mortgagor under the Mortgage Loan Documents, under the law of the state wherein the Mortgaged Property is located. 

Governmental Authority: Any federal, state or local governmental authority, agency, commission or court. 

Guides: The Fannie Mae Selling and Servicing Guides. 

HAMP: The Home Affordable Modification Program, as the same may be modified from time to time, as administered by Fannie Mae as
agent for the U.S. Department of Treasury. 
 Indemnified Party: As defined in Section 6.5(a). 

Indemnifying Party: As defined in Section 6.5(a). 

Insurer: Any issuer of a PMI Policy and any insurer or guarantor under any hazard insurance policy, any federal flood insurance
policy, any title insurance policy, any earthquake insurance policy or other insurance policy, and any successor thereto, with respect to the Mortgage Loan or the Mortgaged Property. 

  
 7 

 Interim Subservicing Fee: [***] per Mortgage Loan per calendar month (pro rated).

 Investor: Fannie Mae. 

Investor Consent: The consent of the Investor to the transfer of the applicable Servicing Rights from the Seller to the
Purchaser, as delivered by Investor to Seller on June 18, 2014 and provided to Purchaser. 
 Loss Mitigation Loan: Any
loan for which a Mortgagor has requested an application for loss mitigation including, but not limited to a trial or permanent modification, a forbearance, deferral, waiver, short sale, deed-in-lieu or other loss mitigation, foreclosure alternative
or foreclosure prevention effort or process, including any federal, state, or local program or proprietary program. 
 Losses:
Any and all direct, actual and out-of-pocket costs or expenses, losses, damages, deficiencies, claims, including costs of investigation, attorneys’ fees and disbursements, the amounts of denied insurance or guaranty coverage (to the extent
Purchaser has to pay amounts in lieu thereof), but, excluding (i) any amounts attributable to or arising from overhead allocations, general or administrative costs and expenses, or any cost for the time of any Party’s employees,
(ii) consequential losses or damages consisting of speculative lost profits, lost investment or business opportunity, damage to reputation or operating losses, (iii) punitive or treble damages; (iv) ordinary deductions from the
calculation of insurance or guaranty benefits by an Insurer related to the servicing of the Mortgage Loans after the Sale Date assuming the Seller complied with Applicable Requirements in servicing the Mortgage Loans prior to the Sale Date, and
(v) prepayment interest shortfalls payable to securities holders for the accrual on interest on mortgage-backed securities in excess of the amount payable by the Mortgagor upon the full prepayment of a Mortgage Loan; provided, however, that the
exclusions set forth in clauses (ii) and (iii) above do not apply if and to the extent any such amounts are actually incurred in payment to a third party or government entity. 

MERS: The Mortgage Electronic Registration System. 

MERS Mortgage Loan: A Mortgage Loan registered with MERS that either designates MERS as original mortgagee or is assigned to
MERS. 
 Monthly Payment: The scheduled monthly payment on a Mortgage Loan due on any due date pursuant to the terms of the
related Mortgage Note. 
 Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note which creates a
first lien on an unsubordinated estate in fee simple in real property securing the Mortgage Note, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a
widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor. 

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

8 

 Mortgage Escrow Payments: The portion, if any, of the Monthly Payment in connection
with a Mortgage Loan that relates to funds for the payment of taxes, assessments, insurance premiums, ground rents and similar charges, and other mortgage escrow amounts. 

Mortgage File: With respect to each Mortgage Loan, the Collateral File and the Servicing File, including the Mortgage Loan
Documents. 
 Mortgage Interest Rate: The annual rate at which interest accrues on any Mortgage Loan in accordance with the
provisions of the related Mortgage Note. 
 Mortgage Loan Documents: With respect to any Mortgage Loan: (a) the original
Mortgage Note; (b) the original recorded Mortgage, (c) original recorded intervening Assignments of Mortgage, if any (including, with respect to any MERS Mortgage Loan, an original recorded Assignment of Mortgage to MERS unless MERS was
designated as the original mortgagee); (d) an original mortgagee title insurance policy (or other evidence of title acceptable under Applicable Requirements); (e) the PMI policy, as applicable; (f) original recorded modifications or
consolidation and extension agreements, if any; and (g) original of the applicable power of attorney, if an attorney-in-fact signed the Mortgage Note on a Mortgagor’s behalf or a name affidavit, if the Mortgagor signed under an “also
known as” name or used a signature that significantly differs from the typed name. 
 Mortgage Loans: The eligible,
one-to-four family residential mortgage loans sold to or securitized by the Investor as to which the Seller is the owner of the Servicing Rights, as listed on the Mortgage Loan Schedule, provided that any mortgage loan that is an Excluded
Loan shall not constitute a Mortgage Loan. 
 Mortgage Loan Schedule: On the Effective Date, the preliminary Mortgage Loan
Schedule delivered by the Seller to the Purchaser contemporaneously with the execution of this Agreement, which will identify all Mortgage Loans for which Servicing Rights are eligible for sale hereunder as of the Sale Date, and contains the data
fields identified on Exhibit A with respect to each Mortgage Loan. The final Mortgage Loan Schedule shall include only the Mortgage Loans included on the preliminary Mortgage Loan Schedule (except for any such Mortgage Loans that are Excluded
Loans as of the Sale Date). Each such Mortgage Loan Schedule shall be delivered in electronic form reasonably acceptable to the Purchaser. 

Mortgage Note: The promissory note executed by a Mortgagor and secured by a Mortgage evidencing the indebtedness of the
Mortgagor under a Mortgage Loan. 
 Mortgaged Property: The one- to four-family residential real property that is encumbered
by a Mortgage, including all buildings and fixtures thereon. 
 Mortgagor: Any obligor under a Mortgage Note and Mortgage.

 Order: Any order, injunction, judgment, decree, ruling, writ, assessment, agreement, or arbitration award of a Governmental
Authority. 

  
 9 

 Originator: With respect to any Mortgage Loan, the Person(s) that performed one or
more of the following functions: (a) took the loan application; (b) processed the loan application; (c) underwrote the loan application; and/or (d) closed or funded the Mortgage Loan. 

P & I Advances: Principal and interest advances expended by Seller in accordance with Servicing Agreements (net of prepaid
principal and interest, as applicable). 
 Parties: The Seller and the Purchaser. 

Person: An individual, a corporation, a partnership, a limited liability company, a joint venture, a trust, an unincorporated
association or organization, a government body, agency or instrumentality or any other entity. 
 PMI Policy: With respect to
a Mortgage Loan, the policy of primary mortgage insurance satisfying Applicable Requirements. 
 Pool: One or more Mortgage
Loans that have been aggregated pursuant to the requirements of the Investor. 
 Prior Servicer: Any Person that was a
Servicer or subservicer of any Mortgage Loan before the Seller became the Servicer of the Mortgage Loan, and the Seller or any subservicer who has performed subservicing of the Mortgage Loans for the Seller. 

Purchase Price: An amount equal to the product of the Purchase Price Percentage multiplied by the aggregate outstanding
principal balance, as of the Sale Date, of the Mortgage Loans for which Servicing Rights are being sold on the Sale Date. 
 Purchase
Price Percentage: As provided in Exhibit F. 
 Purchase Price Computation Worksheet: A purchase price
computation worksheet substantially in the form of Exhibit B-2. 
 Purchaser: As defined in the introductory phrase of
this Agreement. 
 Qualified Insurer: An Insurer duly qualified as such under the laws of the states in which the Mortgaged
Properties are located, duly authorized and licensed in such states to transact the applicable insurance business and to write the insurance provided, meeting the requirement of the Investor. 

Recourse Obligation: With respect to any Mortgage Loan, any obligation or liability (actual or contingent) of the Servicer:
(a) for losses incurred in connection with the Foreclosure or other disposition of such Mortgage Loan (including losses relating to loss mitigation or obtaining deeds in lieu of Foreclosure); (b) to repurchase such Mortgage Loan in the
event that the Mortgagor of such Mortgage Loan, or such Mortgage Loan, is in bankruptcy, in Foreclosure or in litigation; or (c) to repurchase such Mortgage Loan in the event of a delinquency or other payment default thereunder by the
Mortgagor. Notwithstanding the foregoing, a Mortgage Loan shall not be considered subject to a Recourse Obligation merely because the Servicer retains a contingent liability to repurchase a Mortgage Loan that is determined to have been ineligible
for sale to the Investor due to a breach of one or more representations and warranties. 

  
 10 

 REO Property: With respect to a Mortgage Loan the real property to which the Seller
or the Investor, or another Person acting on the Seller’s or the Investor’s behalf, has taken ownership as a result of Foreclosure or acceptance of a deed in lieu of foreclosure with respect to a Mortgaged Property. 

Sale Date: June 30, 2014, or such other date as mutually agreed by the Parties. 

Seller: As defined in the introductory phrase of this Agreement. 

Servicer: The Person contractually obligated, at any time, to administer the Servicing Rights under the applicable Servicing
Agreements. 
 Servicing Agreements: With respect to the Investor, the contracts (including any pooling agreement, servicing
agreement, custodial agreement or other agreement or arrangement), the Guides, and all other applicable rules, regulations, procedures, manuals and guidelines of the Investor, defining the rights and obligations of the Investor and the Servicer,
with respect to the applicable Mortgage Loans. 
 Servicing Fee: The amount payable to Servicer under the applicable Servicing
Agreement related to a Mortgage Loan as consideration for servicing the Mortgage Loan, net of guaranty fees or any other amounts offset against compensation payable to Servicer under the applicable Servicing Agreement. 

Servicing File: With respect to each Mortgage Loan, all documents, whether on hard copy, computer record, microfiche or any
other format, evidencing and pertaining to a particular Mortgage Loan and relating to the processing, origination, servicing, collection, payment and foreclosure of such Mortgage Loan, including: (a) copies of documents executed or delivered in
connection with the closing of such Mortgage Loan, (b) copies of the Mortgage Loan Documents and the other documents in the related Collateral File, (c) any documents required to be maintained in the servicing file by the Investor or other
Applicable Requirements, and (d) any servicing documentation which relates to such Mortgage Loan of the type customarily included by mortgage loan servicers in their servicing files. 

Servicing Rights: Any and all of the following: (a) all rights and obligations to service the Mortgage Loans; (b) all
rights to receive Servicing Fees, Ancillary Income and other compensation for servicing the Mortgage Loans; (c) all agreements or documents creating, defining or evidencing any such Servicing Rights to the extent they relate to such Servicing
Rights and all rights of the Seller as servicer thereunder; (d) the right to maintain custodial or escrow accounts relating to the Mortgage Loans and the right to collect, hold and disburse Custodial Funds, escrow payments or other payments
with respect to the Mortgage Loans and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Requirements; (e) all accounts and other rights to payment related
to the servicing of the Mortgage Loans, including, without limitation, the right to be reimbursed for Advances; (f) the right to possess and use any and all Mortgage Files, servicing records, data tapes, computer records, or other information
pertaining to the Mortgage 

  
 11 

 
Loans to the extent relating to the past, present or prospective servicing of the Mortgage Loans; (g) rights to access and use all Mortgage Loan Documents, Mortgage Files, and other files
and documents pertaining to the Mortgage Loans; (h), all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list
of such Mortgagors and data relating to their respective Mortgage Loans; and (i) all rights, powers and privileges incident to any of the foregoing. 

Servicing Transfer Instructions: The instructions detailing the procedures pursuant to which the Seller shall transfer the
Servicing Rights, the Custodial Funds, and the Mortgage Files to the Purchaser, in the form set forth on Exhibit D hereto. 
 T
& I Advances: Advances expended by the Seller for the payment of taxes, insurance, ground rents, assessments, and similar amounts due related to the Mortgage Loans, in accordance with the Servicing Agreements. 

Transfer Date: October 1, 2014 or such other date as agreed to by the Parties. 

  
 12 

 ARTICLE II 

SALE OF SERVICING RIGHTS AND RELATED ITEMS 

Section 2.1 Agreement of Sale. Upon the terms and subject to the conditions of this Agreement, and subject to Applicable
Requirements, the Seller shall, sell, transfer and assign to the Purchaser, and the Purchaser shall purchase and assume from the Seller, on and as of the Sale Date, all beneficial right, title, interest, and as of the Transfer Date, all legal,
right, title and interest, in and to the Servicing Rights, including the related Advances, Custodial Funds and Mortgage Files. The Purchaser shall have the right to decline to purchase any Servicing Rights that do not conform to the terms,
conditions, representations, warranties and covenants in this Agreement. 
 Section 2.2 Assumption of Liabilities. In
connection with the sale and transfer of Servicing Rights contemplated herein, the Purchaser will assume only those duties, obligations and liabilities of the Seller with respect to the Servicing Rights under the applicable Servicing Agreements that
(a) accrue after the Transfer Date and (b) directly arise in connection with the Purchaser’s acquisition, ownership and use of the applicable Servicing Rights. 

Section 2.3 Closing. Subject to the terms and conditions of this Agreement, the closing of the transaction contemplated
hereby shall take place on June 30, 2014, or such later date as soon as practicable after the conditions set forth in Section 2.4 and Section 2.5 (other than those conditions that by their nature can be satisfied only at
the closing, but subject to the fulfillment or waiver of those conditions) are satisfied. 
 Section 2.4 Conditions Precedent to
Sale by the Seller. The obligations of the Seller under this Agreement to consummate the sale on the Sale Date are subject to the satisfaction of each of the following conditions, any or all of which may be waived in writing by the Seller:

 (a) The representations and warranties made by the Purchaser in this Agreement are true and correct in all material respects as of the
Sale Date. 
 (b) All terms and covenants in the Agreement required to be complied with and performed by the Purchaser shall have been duly
complied with and performed by the Purchaser as of the Sale Date and Transfer Date as applicable, in all material respects. 
 (c) The
Purchaser shall have delivered to the Seller a duly executed Bill of Sale with respect to the Servicing Rights to be purchased on the Sale Date. 

(d) There shall not have been commenced or threatened any Action instituted by any Person which enjoins, restrains or prohibits or seeks to
enjoin, restrain or prohibit this Agreement or consummation of the transaction contemplated hereby. 
 Section 2.5 Conditions
Precedent to Purchase by the Purchaser. The obligations of the Purchaser under this Agreement on the Sale Date are subject to the satisfaction of each of the following conditions on or prior to the Sale Date, any or all of which may be
waived in writing by the Purchaser: 

  
 13 

 (a) The representations and warranties made by the Seller in this Agreement shall be true and
correct in all material respects as of the Sale Date. 
 (b) All terms and covenants contained in this Agreement required to be complied
with and performed by the Seller shall have been duly complied with and performed by the Seller as of the Sale Date, in all material respects. 

(c) The Investor Consent remains in effect; and to the extent required to consummate the transaction contemplated hereby, the consent of any
applicable Insurer shall have been received and delivered to Purchaser. 
 (c) The Seller shall have delivered to the Purchaser a duly
executed Bill of Sale with respect to the Servicing Rights to be purchased on the Sale Date. 
 (d) There shall not have been commenced or
threatened any Action instituted by any Person which enjoins, restrains or prohibits or seeks to enjoin, restrain or prohibit this Agreement or consummation of the transaction contemplated hereby. 

(e) The Seller shall have delivered to the Purchaser a current IRS Form W-9 Request for Taxpayer Identification Number and
Certification. 

  
 14 

 ARTICLE III 

PURCHASE PRICE AND RELATED MATTERS 

Section 3.1 Purchase Price. 

(a) In consideration for the transfer and sale contemplated herein of the Servicing Rights, the Purchaser shall pay to the Seller the Purchase
Price and reimburse Seller for the Advances in the manner provided for in this Article III. 
 (b) No later than five Business Days
prior to the Sale Date, the Seller shall deliver to the Purchaser the completed Estimated Purchase Price Computation Worksheet, based on the information regarding the Mortgage Loans set forth in the preliminary Mortgage Loan Schedule. 

(c) No later than five Business Days after the Sale Date, the Seller shall deliver to the Purchaser (i) the final Mortgage Loan Schedule
as of the Sale Date and (ii) the completed Purchase Price Computation Worksheet, based on information regarding the Mortgage Loans as of the Sale Date set forth in the final Mortgage Loan Schedule. 

Section 3.2 Payment of Purchase Price. 

(a) Subject to the satisfaction of the conditions set forth in Section 2.5, on the Sale Date the Purchaser shall pay to the Seller
an amount equal to [***] percent of the Estimated Purchase Price. 
 (b) In the event that the actual Purchase Price is different from the
Estimated Purchase Price based on the Purchase Price Computation Worksheet provided pursuant to Section 3.1(c), within ten Business Days after the Sale Date, an adjustment, and payment between the Parties, shall be made in favor of the
Seller or Purchaser with interest thereon at the Federal Funds Rate from the Sale Date to the date of payment. 
 (c) The Purchaser shall
hold back [***] percent of the Purchase Price (the “Holdback”), to be released, as Purchaser receives the required documents from the Collateral File and Servicing File with respect to each Mortgage Loan, as follows: 

(i) Within 90 days following receipt of the Collateral File and Servicing Files, in bulk, the Purchaser shall deliver or cause
to be delivered to the Seller a report (the “Initial Holdback Report”) identifying any missing, incomplete or inaccurate items as are required to be in such Collateral Files or Servicing Files pursuant to the Guides, other than
recorded Assignments of Mortgage required as a result of this transaction, and other than recorded original documents with respect to Mortgage Loans secured by Mortgaged Property in Hawaii (provided that the Seller shall instead deliver a recording
receipt of the applicable Hawaii recording office or, if such recording receipt is not available, an officer’s certificate, confirming that such Mortgage has been accepted for recording) (the “Holdback Items”). Within 60 days
of the Purchaser’s delivery of the Initial Holdback Report, the Purchaser shall deliver or cause to be delivered to the Seller a second report identifying all Holdback Items with respect to the Mortgage Loans,

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

15 

 
updated to reflect satisfactions, liquidations, and Holdback Items received from the date of the Initial Holdback Report (the “Second Holdback Report”). Every 30 days thereafter,
the Purchaser shall deliver to the Seller a report updated to reflect satisfactions, liquidations, and Holdback Items received (each, a “Holdback Report”) from the date of the prior Holdback Report to the date of the current
Holdback Report until the Purchaser or the Document Custodian has received all of the Holdback Items. 
 (ii) The Purchaser
shall release the Holdback to the Seller on a Mortgage Loan-level, pro rata basis, for each Mortgage Loan with respect to which the Purchaser or the Document Custodian has received all of the Holdback Items or as to which no Holdback Items have been
identified (i.e., the amount released with respect to each Mortgage Loan will equal the Holdback divided by the number of Mortgage Loans), within ten Business Days following the Purchaser’s delivery of the Initial Holdback Report, the Second
Holdback Report and each Holdback Report. 
 (iii) Notwithstanding the foregoing, the Purchaser shall be entitled to retain a
minimum of $[***] until the Purchaser or the Document Custodian has received all of the Holdback Items; provided that, on the date that occurs [***] months following the Transfer Date, the Purchaser shall make a final release from the
Holdback of any amounts in excess of the amounts of out-of-pocket costs and expenses the Purchaser reasonably believes will be necessary to cure, correct or replace any remaining Holdback Items, as reasonably documented to the Seller, and the
Purchaser shall be entitled to retain the balance of the Holdback. In addition, to the extent the Purchaser or the Document Custodian has a reasonable, immediate need for any Holdback Item not yet provided by the Seller, the Purchaser may, if the
Seller is unable to provide such Holdback Item within ten Business Days’ after written notice to the Seller, or such shorter period as reasonably necessary for the Purchaser to comply with Applicable Requirements, undertake its own efforts to
create or obtain such Holdback Item, directly or through the efforts of a designee, and offset the reasonable, out-of-pocket cost associated therewith against the Holdback. The Holdback shall not be subject to offset or reduction for any other
amounts which may be claimed by or due to the Purchaser hereunder, other than as agreed to by the Seller in writing in advance. 

(iv) Releases of Holdback shall be accompanied by interest thereon at the Federal Funds Rate from the Sale Date to the date of
payment. 
 (d) The Purchaser shall reimburse the Seller for any Advances related to the Mortgage Loans properly made by the Seller pursuant
to the Applicable Requirements and recoverable in accordance with Applicable Requirements, to the extent outstanding on the Transfer Date as follows: 

(i) The Purchaser shall reimburse the Seller for the P & I Advances within three Business Days after receipt by the
Purchaser from the Seller of customary documentation and support with respect to such P & I Advances, including but not limited to the Lender Processing Services MSP system ZZTB report; 

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

16 

 (ii) The Purchaser shall reimburse the Seller for the Corporate Advances within
ten Business Days after receipt by the Purchaser from the Seller of customary documentation and support with respect to such Corporate Advances (including invoices where applicable); 

(iii) T & I Advances shall be recovered by Seller in accordance with Section 5.7, and the Seller shall provide
the Purchaser with Purchaser with customary documentation and support with respect to such T & I Advances. 
 Documentation and support required to be
provided with respect to any Advance may be in electronic form. The Purchaser may withhold or delay payment of Advances for insufficient documentation and support only with respect to those Advances for which such documentation and support has not
been provided, and the Purchaser shall reimburse the Seller for all other Advances for which proper documentation and support has been provided as set forth herein. Notwithstanding anything in this Agreement to the contrary, with respect to Advances
made by the Seller between the Sale Date, and the Transfer Date, Purchaser shall reimburse Seller for ordinary deductions from the calculation of either insurance or guaranty benefits by an Insurer or reimbursement of Advances by the Investor
assuming the Seller complied with Applicable Requirements. Such reimbursement for non-recoverable Advances made by Seller between the Sale Date and the Transfer Date also shall include non-recoverable Advances that are required or authorized to be
made pursuant to Applicable Requirements; provided, in the case of such non-recoverable Advances that are authorized (but not required) to be made pursuant to Applicable Requirements, only to the extent they are made in a manner consistent with past
practice. 
 (e) The Purchaser shall provide the Seller with a list of those Mortgage Loans which paid off in full within 90 days after the
Sale Date. The Seller shall return to the Purchaser a portion of the Purchase Price equal to the Purchase Price Percentage multiplied by the aggregate outstanding principal balance of such Mortgage Loan as of the Sale Date within five Business Days
of receipt of such list of Mortgage Loans. 
 Section 3.3 Form of Payment to be Made. Unless otherwise agreed to by the
Parties, all payments to be made by a Party pursuant to this Agreement shall be made by wiring immediately available funds to the following account(s): 

To the Seller: 
  

			
	Bank Name:	  	HomeStreet Bank
	Location:	  	601 Union St., Suite 2100, Seattle, WA 98101
	Account Number:	  	 [***]

	Routing Number:	  	 [***]

	Reference:	  	 [***]

	Attention:	  	Insook Lee (Treasury Department)

 To the Purchaser: 
  

			
	Bank Name:        	  	SunTrust Bank
	Location:	  	Richmond, VA

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

17 

			
	Account Number:	  	 [***]

	Routing Number:	  	 [***]

	Reference:	  	 [***]

	Attention:	  	Investor and Transaction Management

 Section 3.4 Errors and Adjustments to the Mortgage Loan Schedule. If, at any time, either
Party reasonably determines that any information contained on the Mortgage Loan Schedule is found to be in error, then within five Business Days after such determination, the discovering Party shall notify the other Party of the error and the
Parties shall work in good faith to resolve the error and to correct the Mortgage Loan Schedule as necessary. In the event that any error on the Mortgage Loan Schedule causes an inaccuracy in the payment of any portion of the Purchase Price or
Advances, or payment or transfer of any other amounts due under this Agreement to either Party, the Parties shall address such error in accordance with Section 3.5. 

Section 3.5 Certain Adjustments and Refunds. If, subsequent to the payment of any amounts due under this Agreement to
either Party, such amounts are found to be in error, including as a result of a dishonored payment prior to the applicable Transfer Date, then within five Business Days after the receipt of information sufficient to provide notice that payment is
due, the Party benefiting from the error shall (i) pay an amount sufficient to correct and reconcile the Purchase Price, Advances or such other amounts, plus (in the case of the Purchase Price) interest on such amount at the Federal Funds Rate
from the date such payment was due through and including the date on which such payment actually is made, and (ii) provide a reconciliation statement and such other documentation sufficient to satisfy the other Party (in such other Party’s
exercise of its reasonable discretion) concerning the accuracy of such reconciliation. Any such notice must be received by either Party within 180 days of the Transfer Date in order for this Section 3.5 to apply. 

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

18 

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.1 Representations and Warranties of the Seller. The Seller hereby represents and warrants as follows as of the
Effective Date and the Sale Date (or such other dates as set forth herein): 
 (f) The Seller is a state chartered savings bank duly
organized, validly existing, and in good standing under the laws of the State of Washington. The Seller and its employees, agents and other personnel have, and at all relevant times have had, in full force and effect (without notice of possible
suspension, revocation or impairment) all qualifications, permits, approvals, licenses, and registrations required under Applicable Law to conduct all activities in all states in which their activities with respect to the Mortgage Loans or the
Servicing Rights require them to have such qualifications, permits, approvals, licenses, and registrations, except where the absence of such qualifications, permits, approvals, licenses, and registrations would not materially and adversely affect
the Servicing Rights, the Mortgage Loans or the performance by the Seller of its obligations under the Servicing Agreements or the performance by the Seller of its obligations under this Agreement. 

(g) The Seller has all requisite corporate or other applicable power, authority and capacity to carry on its business as it is now being
conducted, to execute and deliver this Agreement and to perform all of its obligations hereunder. The Seller does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant or obligation required of
it pursuant to this Agreement. 
 (h) This Agreement has been duly authorized, executed and delivered by the Seller and constitutes a legal,
valid, binding and enforceable obligation of the Seller, except as such enforceability may be limited by receivership, conservatorship, bankruptcy, insolvency, reorganization and other similar laws applicable to banking institution relating to or
affecting the rights of creditors generally and the application of general equitable principles (regardless of whether the issue of enforceability is considered in a proceeding in equity or at law). This Agreement (1) constitutes the “written
agreement” of the Seller (2) has been approved pursuant to the Seller’s Asset Management Policy, a copy of which has been delivered to Purchaser and (3) will be an official record of the Seller continuously from the time of its
execution. 
 (i) Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby, nor
compliance with its terms and conditions, shall (i) violate, conflict with, result in the breach of, constitute a default under, be prohibited by, or require any additional approval (except as shall have been obtained or made as of the Sale
Date) under any of the terms, conditions or provisions of (A) the organizational documents of the Seller or (B) of any material mortgage, indenture, deed of trust, loan or credit agreement or other material agreement or instrument to which
the Seller is now a party or by which the Seller is bound, or (C) any Applicable Law or any Order, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature upon, the Servicing Rights or any of the
Mortgage Loans except as created hereby. 

  
 19 

 (j) Except for the Investor Consents, there is no consent, approval, authorization or order of
any Governmental Authority or other Person required for the execution, delivery and performance by the Seller, of or compliance by the Seller with, this Agreement or the consummation of the transaction contemplated hereby. 

(k) There is no Action existing, pending or, to the Seller’s knowledge, threatened, or any Order outstanding, against or relating to the
Seller that could materially and adversely affect the Servicing Rights, the Mortgage Loans or the performance by the Seller of its obligations under the Servicing Agreements or the performance by the Seller of its obligations under this Agreement.

 (l) The Seller is approved and in good standing as a seller and servicer with the Investor, is qualified to act as the servicer under
each Servicing Agreement, and no event has occurred which would make the Seller unable to comply with all such eligibility requirements, or which would require notification to the Investor, and the Seller is approved and in good standing with each
applicable Insurer. The Seller has not received any written notice from the Investor that it intends to terminate or restrict the Seller’s status as an approved seller or servicer. The Seller is a member in good standing of the MERS system.

 (m) The Seller is the sole owner and holder of all right, title and interest in and to the Servicing Rights, free and clear of any and
all liens, claims, or encumbrances. The sale, transfer and assignment by the Seller to the Purchaser of the Servicing Rights, and the instruments required to be executed by the Seller and delivered to the Purchaser pursuant to Applicable
Requirements, are, and will be on the Sale Date and the Transfer Date, valid and enforceable in accordance with their terms and will effectively vest in the Purchaser good and marketable title to the Servicing Rights, free and clear of any and all
liens, claims, or encumbrances. 
 (n) The Servicing Rights being sold in this transaction are the Servicing Rights initially created with
respect to each Mortgage Loan. There has been no previous modification, amendment, sale, transfer, conveyance or assignment of any portion of the Servicing Rights or Servicing Fees, or interests therein. 

(o) The Seller has not entered into a settlement agreement with any Person or any Order with the Investor or any other Governmental Authority
that would be binding on the Purchaser with respect to the Servicing Rights or the Mortgage Loans other than routine loan level loan modification and loss mitigation options undertaken in accordance with the Applicable Requirements and documented in
the Servicing File for the related Mortgage Loan, in each case which shall not result in any liability, non-routine costs or expenses of the Purchaser as the Servicer of each applicable Mortgage Loan. 

(p) The consideration received by the Seller upon the consummation of the transaction contemplated hereby constitutes fair consideration and
reasonably equivalent value for the Servicing Rights. The consummation of the transactions contemplated by this Agreement is not subject to any bulk sale or similar law. 

  
 20 

 (q) There are no accrued liabilities of the Seller with respect to the Mortgage Loans or the
Servicing Rights or circumstances under which such accrued liabilities will arise against the Purchaser as successor to the Servicing Rights, with respect to occurrences prior to the Sale Date. 

Section 4.2 Representations and Warranties of the Seller regarding the Servicing Rights and Mortgage Loans.  

The Seller represents and warrants as follows as of the Effective Date and the Sale Date (or such other dates as set forth herein): 

(e) The Servicing Agreements do not contain terms and conditions that (i) increase the obligations in connection with the servicing of
the Mortgage Loans beyond that stated in the Guides and (ii) would apply to the Purchaser as the transferee of the Servicing Rights. None of the Servicing Agreements nor any other agreement or understanding applicable to any of the Mortgage
Loans provides for a Recourse Obligation. 
 (f) The Seller has not engaged any subservicers, subcontractors or other agents to perform any
of its duties under any of the Servicing Agreements, other than engagements that are permitted by, and are in compliance in all material respects with the requirements of, the Servicing Agreements, and all fees and expenses due and payable to any
such subservicer, subcontractor or agent as of the Transfer Date have been paid, or will be paid before overdue, by the Seller. 
 (g) The
information set forth in the Mortgage Loan Schedule, contained in each Mortgage File, or contained in any Electronic Data File, and all other information provided by or on behalf of the Seller with respect to the Servicing Rights and the related
Mortgage Loans is true, correct and complete in all respects, as of the date provided or indicated therein. 
 (h) None of the Mortgage
Loans is an Excluded Mortgage Loan. 
 (i) Each Mortgage Loan conformed and conforms to Applicable Requirements in effect at the related
time, and each Mortgage Loan was eligible for sale to, insurance by, or pooling to back securities issued or guaranteed by, or participation certificates issued by, the Investor upon such sale or pooling. Each Mortgage Loan has been originated,
underwritten, closed, funded, sold, pooled and serviced in compliance with all Applicable Requirements. The Seller is not otherwise in default with respect to the Seller’s obligations under the Servicing Agreements or Applicable Requirements as
related to the Servicing Rights or Mortgage Loans, in any material respect. The Seller has complied with all anti-money laundering laws and regulations applicable to it as originator, seller and Servicer, as applicable, with respect to the Mortgage
Loans, including without limitation the USA Patriot Act of 2003, and the laws and regulations administered by the U.S. Department of Treasury’s Office of Foreign Assets Control, which prohibit dealings with certain countries, territories,
entities and individuals named in OFAC’s Sanction Programs and on the Specially Designated Nationals and Blocked Persons List, in all material respects, and has established an anti-money laundering compliance program as required by such
anti-money laundering laws and regulations. 

  
 21 

 (j) Each Mortgage Loan which is required pursuant to Applicable Requirements or which is
represented by the Seller to have mortgage insurance or a guaranty certificate has such mortgage insurance or a guaranty certificate, and has an accurate holder identification for purposes of filing claims. All provisions of such insurance policies
or guarantees have been and are being complied with in all respects, all premiums due thereunder have been paid, and such policies and/or guarantee are in full force and effect. None of the PMI Policies with respect to the Mortgage Loans provide for
payment of the related premiums by the lender or mortgagee. 
 (k) Each Mortgage File contains all of the documents and instruments required
to be included therein pursuant to Applicable Requirements. All books, records and accounts of the Seller and the Seller’s document custodian with respect to the Servicing Rights and the Mortgage Loans are complete, properly maintained, and
accurately reflect the subject matter thereof. All Pools are finally certified and eligible for recertification, as applicable, in accordance with Applicable Requirements. The Collateral Files to be delivered to the Document Custodian will include
all documents necessary in order for the Document Custodian to certify or recertify the Pools in accordance with Applicable Requirements, as applicable. Each Mortgage Loan included in a Pool meets all eligibility requirements for inclusion in such
Pool, and the Seller caused each Pool to be properly formed. Each Pool is properly balanced and fully funded. 
 (l) All Custodial Accounts
required to be maintained by the Seller have been established and continuously maintained in accordance with Applicable Requirements in all material respects. Custodial Funds received by the Seller have been credited to the appropriate Custodial
Account, and have been retained in and disbursed from the Custodial Accounts in accordance with Applicable Requirements. In accordance with Applicable Requirements, the Seller has analyzed the payments required to be deposited into the Custodial
Accounts and adjusted the payment thereto in order to eliminate any deficiency. With regard to Mortgage Loans that provide for Mortgage Escrow Payments, the Seller and each Originator and Prior Servicer has (a) computed the amount of such
payments in accordance with Applicable Requirements, (b) paid on a timely basis all charges and other items to be paid out of the Mortgage Escrow Payments, and when required by the Servicing Agreement has advanced its own funds to pay such
charges and items, and (c) delivered to the related Mortgagors the statements and notices required by Applicable Requirements in connection with Custodial Accounts, including statements of taxes and other items paid out of the Mortgage Escrow
Payments and notices of adjustments to the amount of the Mortgage Escrow Payments. With respect to Mortgage Escrow Payments, there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been
made in accordance with Applicable Requirements, and no Mortgage Escrow Payments or other charges or prepayments due from Mortgagor have been capitalized under any Mortgage or the related Mortgage Note. 

(m) The Advances are valid and subsisting accounts owing to the Seller, are eligible for reimbursement by the applicable Insurer or the
Investor pursuant to the applicable Servicing Agreements, are carried on the books of the Seller at values determined in accordance with generally accepted accounting principles and are not subject to any set-off or claim that could be asserted
against the Seller or the Purchaser, and the Seller has not received any notice from any Investor, Insurer or other Person in which the Investor, Insurer or Person disputes or denies a claim by the Seller for reimbursement in connection with an
Advance. No Advance has 

  
 22 

 
been sold, transferred, assigned or pledged by the Seller to any Person other than Purchaser. The Seller has not taken any action that, or failed to take any action the omission of which, would
impair the rights of Purchaser with respect to any such Advance. 
 (n) None of the Mortgage Loans are subject to any demand or request for
repurchase by the Investor or any Insurer or for rescission of any Mortgage Insurance or denial of any Mortgage Insurance claim. None of the Mortgage Loans are subject to any indemnification agreement, reimbursement arrangement or similar agreement
pursuant to which Purchaser may be required to indemnify or reimburse the Investor, an Insurer or any other Person for any Loss or other amounts related to such Mortgage Loans. 

(o) No Mortgage Loan is classified as a “high cost mortgage” under Section 32 of the Home Ownership and Equity Protection Act
of 1994. Each Mortgage Loan complied with the anti-predatory and abusive lending requirements of the Guides when sold to or securitized with the Investor. 

(p) All monies received with respect to each Mortgage Loan have been properly accounted for and applied. The Seller has remitted or otherwise
made available to the Investor (i) all principal and interest payments received to which the Investor is entitled under the applicable Servicing Agreements, including any guaranty fees, and (ii) all P & I Advances required by such
Servicing Agreements. In accordance with Applicable Requirements, the Seller has prepared and submitted to the Investor all reports in connection with such payments required by Applicable Requirements. 

(q) The terms of the Mortgage Note and Mortgage have not been impaired, waived, altered or modified in any respect, except by a written
instrument which has been recorded, if necessary to protect the interests of Purchaser and which is contained in the Collateral Files. The substance of any such waiver, alteration or modification has been approved by the Investor and any Insurer, if
such approval is required by Applicable Requirements, or has been executed in accordance with Investor’s Guide or Insurer’s guidelines, and its terms are reflected on the Mortgage Loan Schedule. No Mortgagor has been released, in whole or
in part, except in connection with an assumption agreement approved by the applicable Insurer, and which assumption agreement is part of the Collateral File delivered to the document custodian and the terms of which are reflected in the Mortgage
Loan Schedule. 
 (r) The Mortgage Loan is not subject to any right of rescission, set-off, counterclaim or defense, including the defense
of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render either the Mortgage Note or the Mortgage unenforceable, in whole or in part, or subject to any right of
rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto, and no Mortgagor was a debtor in any state or federal bankruptcy
or insolvency proceeding at the time the Mortgage Loan was originated. 
 (s) The Mortgage Note and the Mortgage are genuine, and each is
the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, and other similar laws 

  
 23 

 
relating to or affecting the rights of creditors generally and the application of general equitable principles (regardless of whether the issue of enforceability is considered in a proceeding in
equity or at law). All parties to the Mortgage Note and the Mortgage and any other related agreement had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage and any other related agreement,
and the Mortgage Note and the Mortgage have been duly and properly executed by such parties. 
 (t) The Mortgage is a valid, subsisting,
enforceable and perfected first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such
buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to exceptions permitted by the Investor and any Insurer. Any security agreement, chattel mortgage or
equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting and enforceable first lien and first priority security interest on the property described therein and the Seller has full
right to sell and assign the same to Purchaser. 
 (u) Pursuant to the terms of the Mortgage, all buildings or other improvements upon the
Mortgaged Property are insured by a Qualified Insurer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is located pursuant to insurance policies conforming to the
requirements of the Investor. Each Mortgage Loan has in place a hazard insurance policy (and if required, a wind insurance policy) with their own insurance policy, and not a force placed insurance policy, that satisfies the applicable covenants of
the related Mortgage Loan. If, upon origination of the Mortgage Loan, the Mortgaged Property was in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards (and such flood insurance has
been made available), a flood insurance policy meeting the requirements of the current guidelines of the federal Flood Insurance Administration is in effect, which policy conforms to all Applicable Requirements. All individual insurance policies
contain a standard mortgagee clause naming Seller and its respective successors and assigns as mortgagee, and all premiums thereon have been paid. Each Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the
Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor’s cost and expense, and to seek reimbursement of such cost and
expense from the Mortgagor. Where required by state law or regulation, each Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a “master” or “blanket” hazard
insurance policy covering the common facilities of a planned unit development. Each hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the
benefit of the Purchaser upon the consummation of the sale of the related Servicing Rights. The Seller has not engaged in, and has no knowledge of any Mortgagor’s having engaged in, any act or omission that would impair the coverage of any such
policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either, including no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or
realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by Seller. 

  
 24 

 (v) Each Mortgage Loan is covered by either (i) an attorney’s opinion of title and
abstract of title the form and substance of which is acceptable to the Investor, or (ii) an American Land Title Association mortgagee title insurance policy or other generally acceptable form of policy of insurance acceptable to the Investor
issued by a title insurer acceptable to the Investor, and qualified to do business in the jurisdiction where the related Mortgaged Property is located, insuring, subject only to the exceptions listed in clause (p) above, Seller, and its
successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan. If the Mortgaged Property is a condominium unit located in a state in which a title insurer will generally issue an
endorsement, then the related title insurance policy contains an endorsement insuring the validity of the creation of the condominium form of ownership with respect to the project in which such unit is located. Where required by state law or
regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such mortgagee title insurance policy affirmatively insures ingress and egress, and against encroachments by or
upon the Mortgaged Property or any interest therein. Seller is the named insured and the sole insured of such mortgagee title insurance policy, the assignment to Purchaser of Seller’s interest in such mortgagee title insurance policy does not
require the consent of or notification to the insurer (or if such consent or notification is required, such consent has been received, or such notification has been given), and such mortgagee title insurance policy is in full force and effect and
will be in force and effect and will inure to the benefit of Purchaser upon the consummation of the sale of the related Servicing Rights. No claims have been made under such mortgagee title insurance policy, and no prior holder of the Mortgage,
including Seller, has done, by act or omission, anything that would impair the coverage of such lender’s title insurance policy, including no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or
will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by Seller. 

(w) There are no mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding
that under the law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to, or equal or coordinate with, the lien of the related Mortgage. 

(x) As of the Sale Date the Mortgaged Property is lawfully occupied under applicable law. All inspections, licenses and certificates required
to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including certificates of occupancy and fire underwriting certificates, have been made or obtained from the
appropriate authorities. To the extent required by Applicable Requirements, the Mortgagor represented at the time of origination of the Mortgage Loan that the Mortgagor would occupy the Mortgaged Property as the Mortgagor’s primary residence

 (y) There is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property
is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.

  
 25 

 (z) [reserved] 

(aa) To the best of the Seller’s knowledge, each Mortgagor and each Mortgaged Property is not and has not been in violation of any
Applicable Requirements. Each Mortgaged Property is free from any and all toxic or hazardous substances and there exists no violation of any local, state or federal environmental law, rule or regulation. There is no pending action or proceeding
directly involving any Mortgaged Property of which the Seller is aware in which compliance with any environmental law, rule or regulation is an issue; and to the best of the Seller’s knowledge, nothing further remains to be done to satisfy in
full all requirements of each such law, rule or regulation consisting a prerequisite to use and enjoyment of said property. 
 (bb) There
was no fraud in the origination or servicing of any Mortgage Loan, whether the result of any act or omission of the Originator, a Prior Servicer, the Seller, the Mortgagor, or any employee, representative or agent of the foregoing. 

Section 4.3 Representations and Warranties of Purchaser. The Purchaser represents and warrants as follows as of the
Effective Date and the Sale Date: 
 (f) Purchaser is a corporation, duly organized, validly existing, and in good standing under the laws
of the Commonwealth of Virginia. Purchaser and its employees, agents and other personnel have in full force and effect (without notice of possible suspension, revocation or impairment) all qualifications, permits, approvals, licenses, and
registrations required under Applicable Law to conduct all activities in all states in which their activities with respect to the Mortgage Loans or the Servicing Rights will require them to have such qualifications, permits, approvals, licenses, and
registrations, except where the absence of such qualifications, permits, approvals, licenses, and registrations would not materially and adversely affect the performance by the Purchaser of its obligations under the Servicing Agreements or the
performance by the Purchaser of its obligations under this Agreement. 
 (g) Purchaser has all requisite corporate or other power, authority
and capacity, to execute and deliver this Agreement and to perform all of its obligations hereunder. Purchaser does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant or obligation required
of it pursuant to this Agreement. 
 (h) This Agreement has been duly authorized, executed and delivered by the Purchaser and constitutes a
legal, valid, binding and enforceable obligation of the Purchaser, except as such enforceability may be limited by receivership, conservatorship, bankruptcy, insolvency, reorganization and other similar laws applicable to banking institutions
relating to or affecting the rights of creditors generally and the application of general equitable principles (regardless of whether the issue of enforceability is considered in a proceeding in equity or at law). 

(i) Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby, nor compliance with its
terms and conditions, shall (i) violate, conflict with, result in the breach of, constitute a default under, be prohibited by, or require any additional approval (except as shall have been obtained or made as of the related Transfer Date) under
any of the terms, conditions or provisions of (A) the 

  
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organizational documents of Purchaser or (B) of any material mortgage, indenture, deed of trust, loan or credit agreement or other material agreement or instrument to which the Purchaser is
now a party or by which the Purchaser is bound, or (C) any Applicable Law or any Order, or (ii) result in the creation or imposition of any lien, charge or encumbrance of any nature upon, the Servicing Rights or any of the Mortgage Loans
except as created hereby. 
 (j) Except for the Investor Consents, there is no consent, approval, authorization or order of any Governmental
Authority or other Person required for the execution, delivery and performance by the Purchaser, of or compliance by the Purchaser with, this Agreement or the consummation of the transaction contemplated hereby. 

(k) There is no Action existing, pending or, to the Purchaser’s knowledge, threatened, or any Order outstanding, against or relating to
the Purchaser that could materially and adversely affect the performance by the Purchaser of its obligations under this Agreement. 
 (l)
The Purchaser is approved and in good standing as a seller and servicer with the Investor, is qualified to act as the servicer under each Servicing Agreement, and no event has occurred which would make the Seller unable to comply with all such
eligibility requirements, or which would require notification to the Investor, and the Purchaser is approved and in good standing with each applicable Insurer, as necessary, in order to purchase and assume responsibility for the Servicing Rights.
The Seller has not received any written notice from the Investor that it intends to terminate or restrict the Seller’s status as an approved seller or servicer. The Purchaser is a member in good standing of the MERS system. 

  
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 ARTICLE V 

COVENANTS 

Section 5.1 Investor Consent. The Seller shall use its reasonable efforts to obtain the Investor Consents promptly, and
Purchaser shall reasonably cooperate with Seller in obtaining the Investor Consents. Prior to the Transfer Date, Purchaser and the Seller shall execute and deliver the documents required by the Investors in connection with the transfer of the
Servicing Rights hereunder, in form and substance reasonably satisfactory to Purchaser and the Seller, and shall execute and deliver such other instruments or documents as Purchaser and the Seller shall reasonably determine are necessary or
appropriate to effectuate the transaction contemplated hereby. The Seller shall pay any and all costs of securing the Investor Consents, including fees to the Investors for the transfer of the Servicing Rights in accordance with Applicable
Requirements. 
 Section 5.2 Interim Servicing. The Seller shall, on behalf of Purchaser, service the Mortgage Loans for
the benefit of Purchaser and the Investor during the period between the Sale Date and through close of business on the Transfer Date in accordance with all Applicable Requirements. In the performance of its duties and services hereunder, the Seller
shall be an independent contractor acting in its own behalf and for its own account and without authority, expressed or implied, to act for or on behalf of Purchaser in any capacity other than that of an independent contractor, except as otherwise
expressly set forth hereinabove, or as may be authorized by Purchaser in writing from time to time. Seller shall maintain, at its expense, throughout the term hereof for itself, fidelity and errors and omissions bond coverage covering all employees
handling funds, monies, documents and papers with respect to the Mortgage Loans, all in accordance with the Applicable Requirements. Seller shall perform all of its obligations under this Section 5.2 at Seller’s sole cost and
expense. Purchaser shall pay to Seller the Interim Subservicing Fee. The Seller shall also be entitled to retain as additional compensation any Ancillary Income received by the Seller during the period from the Sale Date to the Transfer Date, and
the initial HAMP servicer incentive fee earned under HAMP guidelines and the Guides but not paid prior to the Transfer Date (provided, that Purchaser shall be entitled to any performance incentive fees under HAMP and the Guides thereafter). The
Interim Subservicing Fee due to Seller shall be netted out of the payment of the Servicing Fee due to Purchaser, and the remaining portion of the Servicing Fee shall be remitted to the Purchaser on or before the 5th day of each month, by wiring to
the account specified in Section 3.3. A report of the Servicing Fee and Interim Subservicing Fee, on a loan-level basis, shall be delivered to Purchaser within 30 calendar days after each calendar month end. The Interim Subservicing Fee
is subject to verification by Purchaser within ten Business Days after receipt of Seller’s documentation. 
 Section 5.3
Access to and Release of Information. Prior to the Transfer Date, Seller shall allow Purchaser and its counsel, accountants and other representatives, reasonable access, during normal business hours and upon reasonable notice, to review
and conduct reasonable investigations of all of Seller’s (or Seller’s agents’) personnel, facilities, files, books and records directly relating to the Servicing Rights, the Mortgage Loans, Custodial Accounts and Advances, and to
review the Mortgage Files. Following the Transfer Date, from time to time, Seller shall, at Purchaser’s cost and expense, furnish Purchaser with information that is reasonably available 

  
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to Seller and is supplemental to the information contained in any documents and schedules required to be delivered to Purchaser pursuant to this Agreement, which is reasonably necessary or
reasonably requested by Purchaser to aid in its servicing of the Mortgage Loans, to respond to requests from Governmental Authorities, to defend third party claims, or to ensure compliance with the Servicing Agreements. 

Section 5.4 Transfer of Servicing. The Seller and the Purchaser covenant and agree to act reasonably, in good faith, to do
all things required herein to effect the transfer of the servicing of the Mortgage Loans to the Purchaser on the Transfer Date, including, without limitation, following the Servicing Transfer Instructions in all material respects and complying with
all Applicable Requirements, including the requirements and guidelines of the Consumer Financial Protection Bureau and any other applicable Governmental Authority. Notwithstanding anything to the contrary contained in this Agreement, if the terms of
this Agreement and the Servicing Transfer Instructions conflict, the terms of this Agreement shall control. In the event of any complaints or issues raised by any Person relating to servicing transfers contemplated under this Agreement, the Seller
and the Purchaser shall communicate with each other regarding any such complaints and issues and work in good faith with each other to resolve such complaints and issues in a commercially reasonable manner. Seller shall notify Purchaser in writing,
within one Business Day of (a) the Investor advising the Seller that the Transfer Date, for all or any portion of the Servicing Rights, will be a date other than a scheduled Transfer Date, or (ii) the Investor advising the Seller that all
or any portion of the Servicing Rights may not be transferred to Purchaser. The scheduled Transfer Date may be delayed upon the written agreement of the Parties. 

Section 5.5 Data Files, Mortgage Files and Related Materials. 

(a) Conversion Data Files. In accordance with the dates and format specified in the Servicing Transfer Instructions, Seller shall
provide Purchaser with an Electronic Data File or Electronic Data Files containing the information necessary to service the Mortgage Loans in accordance with Applicable Requirements so as to permit Purchaser to test the conversion of Seller’s
records to Purchaser’s data processing system. In addition, Seller shall provide master Electronic Data File(s) to Purchaser on such date and in such format as specified in the Servicing Transfer Instructions to support Purchaser’s
conversion pre-planning activities. On the Transfer Date, the Seller shall deliver updated Electronic Data Files to the Purchaser, which shall accurately reflect the applicable Mortgage Loans and Servicing Rights, including the information contained
in the Mortgage Files and all tax, insurance and flood zone records, as of the Transfer Date. In the event that any such Electronic Data File or the information required to be contained on such Electronic Data File is not in the format required by
the Servicing Transfer Instructions, Seller shall take all steps necessary to correct such deficiency or, in the event that any such deficiency cannot be cured to the reasonable satisfaction of Purchaser, Seller shall pay Purchaser the amount
incurred by Purchaser to cure such deficiencies and to compensate Purchaser for any Losses resulting therefrom. 
 (b) Packaging and
Shipment of Mortgage Files. 

  
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 (i) At Seller’s sole expense, Seller shall (or shall cause its document
custodian to) package and ship to Purchaser, or Purchaser’s designee, all Mortgage Files pertaining to the Mortgage Loans as follows, and as may be further described in the Servicing Transfer Instructions: 

(A) At least three Business Days before the Transfer Date, all Collateral Documents to Purchaser’s Document Custodian;
and 
 (B) One Business Day after Transfer Date, all other Mortgage Files, Servicing Files and the related servicing records
to Purchaser. 
 (ii) Seller shall provide Purchaser with prior written notice of the carrier, shipping arrangements and
insurance arrangements with respect to the delivery of the Mortgage Files. In the event that any document required to be delivered to Purchaser hereunder is missing, defective, not in accordance with Applicable Requirements or otherwise not
delivered, and required by Applicable Requirements, Seller shall obtain and/or cure all such documents at Seller’s sole cost and expense. Each Mortgage File shall clearly indicate the Purchaser’s, Seller’s and Investor’s loan
numbers and the related Pool numbers, if applicable. All documents included in the Mortgage Files, and all other documents required to be delivered to Purchaser by Seller pursuant to this Agreement which are or at any times come into the actual or
constructive possession or control of Seller and have not been delivered to the Purchaser, if any, are and shall be held by Seller in trust for the benefit of Purchaser, and in a custodial capacity only. No such documents shall be destroyed unless
electronically imaged, and then only to the extent such imaging would comply with Applicable Requirements, and upon the written request of Purchaser, Seller shall promptly deliver copies of such documents to Purchaser. 

(iii) Except as otherwise provided in the Servicing Transfer Instructions, or required by Applicable Requirements, Seller may
provide the Mortgage File, and the related servicing records in Seller’s possession, required to be delivered to Purchaser by means of stored electronic data, properly indexed, in a format reasonably acceptable to Purchaser, containing the
relevant information in the form of stored electronic images. 
 (iv) If any Collateral Documents, Mortgage Files, Servicing
Files or related servicing records with respect to any mortgage loans not ultimately included in the sale of Servicing Rights hereunder (including those mortgage loans that may be paid in full prior to the Sale Date) are delivered to Purchaser or
its Document Custodian, Purchaser shall return, or cause its Document Custodian to return, such documents, files and records to Seller or it document custodian, promptly upon notice or knowledge of such event. 

(c) MERS and Assignments of Mortgage. With respect to those Mortgage Loans registered with MERS as of the Transfer Date, Seller shall,
within five days of the Transfer Date, notify MERS, in accordance with MERS’ operating procedures, of the sale of the Servicing Rights, and shall be responsible for the fees of MERS related to reflecting Purchaser as the owner of the Servicing
Rights. With respect to any Mortgage Loans not registered with MERS as of the Transfer Date, Seller shall, at its own cost and expense, within 30 days after the Transfer Date prepare and record or cause to be prepared and recorded, as required by

  
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Applicable Requirements, all prior intervening Assignments of Mortgages and all Assignments of Mortgages from Seller to Purchaser, and endorse or cause to be endorsed the Mortgage Notes in blank
without recourse or as otherwise required by the Investor. Seller shall deliver to Purchaser all original recorded Assignments of Mortgages promptly upon receipt of same from the applicable recording offices or otherwise. 

(d) Recertification. Seller shall obtain such Collateral Documents and shall take such steps as are necessary to enable Purchaser or
its designee, after the Transfer Date, to obtain by the deadline required by Applicable Requirements any required certification or recertification of Pools or Mortgage Loans in connection with the transfer of Servicing Rights to Purchaser hereunder
and/or the transfer of the Collateral Documents to a new Document Custodian, including delivery of Collateral Documents in accordance with the provisions of this Agreement and Servicing Transfer Instructions. If Purchaser or its designee or the
Document Custodian returns a document to Seller for correction or missing information, Seller, at its own cost and expense, shall promptly correct the document or insert the appropriate information, record such document if required, and return the
document to Purchaser, its designee or the Document Custodian, as applicable. If Seller does not take such actions and, as a result, Purchaser cannot obtain by the deadline required by Applicable Requirements, through the exercise of reasonable
efforts after the Transfer Date, the certification or recertification of any Pool or Mortgage Loan, then upon the request of Purchaser, Seller shall (i) reimburse Purchaser for any reasonable, out-of-pocket expense or cost incurred by Purchaser
in attempting to obtain a missing, inaccurate or incomplete document or the certification or recertification by the required deadline and (ii) reimburse and indemnify Purchaser for any Losses in accordance with the provisions of this Agreement.

 Section 5.6 [Reserved]. 

Section 5.7 Escrows and Advances; Reconciliation. Unless otherwise set forth in the Servicing Transfer Instructions, within
two Business Days following the Transfer Date, Seller shall remit and deliver to the Purchaser the Custodial Funds and all other funds and collections held by Seller in connection with the Mortgage Loans the Servicing Rights to which are being
transferred on such Transfer Date; provided that (i) Custodial Funds in the nature of Mortgagors’ escrow funds shall be provided net of Seller’s unrecovered and unreimbursed, T & I Advances as to which Seller is entitled to
reimbursement in accordance with Section 3.2(d)), and (ii) Seller shall retain those Custodial Funds necessary to provide the first remittance to Investor after the Transfer Date, and in the event such amounts retained by Seller are
insufficient for such remittance to the Investor, the Purchaser shall provide to Seller the additional funds necessary to pay these amounts by wiring immediately available funds to Seller no later than three Business Days prior to the
Investor-required remittance date. Unless otherwise set forth in the Servicing Transfer Instructions, (a) within five Business Days following the Sale Date, Seller shall provide to Purchaser a reconciliation, as of the Sale Date, of the
Custodial Funds held and Advances outstanding as of such date; and (b) within five Business Days following the Transfer Date, Seller shall provide to Purchaser a reconciliation, as of the Transfer Date, of the Custodial Funds held and Advances
outstanding as of such date. In the event that any payment or other amount required under this Section is not paid or remitted in a timely manner, the Party that failed to timely make such payment or remittance also shall pay to the other Party
interest on such amounts at the Federal Funds Rate from the date such payment or remittance was due through and including the date on which such payment or remittance actually is made. 

  
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 Section 5.8 Escrow Interest and Analysis. Seller shall pay interest on escrows
through the day prior to the Transfer Date (and apply such interest to the related Custodial Account on and as of the day prior to the Transfer Date) to the extent interest with respect thereto is required to be paid under Applicable Requirements
for the benefit of Mortgagors under the Mortgage Loans. Seller shall deliver to Purchaser appropriate information regarding the proper application of such interest in accordance with the Servicing Transfer Instructions. On or before the Transfer
Date, Seller shall provide Purchaser with a listing of each Mortgage Loan for which an escrow analysis was performed within 60 days prior to the Transfer Date and for which changes in the Mortgagor’s escrow account payment amount therefore are
pending. 
 Section 5.9 Forwarding of Payments and Other Items. All bills (including tax and insurance bills) pertaining
to the Mortgage Loans which are due and payable on or before the Transfer Date or with respect to which the earlier of the payment deadline to take advantage of a discount or the payment deadline to avoid a penalty is before, on or within 30 days
after the Transfer Date shall be paid by Seller provided that the bills have been released, and Seller shall pay such bills in accordance with Applicable Requirements. All Mortgage Loan Payments and other funds or payments, all other bills, and all
transmittal lists or any other information used to pay bills pertaining to the Mortgage Loans, and all documents, notices, correspondence and other documentation related to the Mortgage Loans, that are received by Seller after the Transfer Date
shall be forwarded by Seller, at Seller’s expense: (i) to Purchaser by overnight delivery within one Business Day following Seller’s receipt thereof for the first 30 days after the Transfer Date, (ii) to Purchaser by first class
mail within one Business Day following Seller’s receipt thereof for the next 30 days thereafter, and (iii) unless otherwise provided by the Guides, to the sender thereof (including Mortgagors, with respect to Mortgage Loan Payments) by
first class mail within one Business Day following Seller’s receipt thereof, with appropriate notice of the transfer hereunder, for all periods following the 60th day after the Transfer Date.
All penalties and interest due on any Mortgage Loan resulting from Seller’s failure to pay a bill or to forward bills or other items to Purchaser as provided above shall be borne by Seller. Seller shall cooperate with Purchaser to obtain tax
bills with respect to which the earlier of the payment deadline to take advantage of a discount or the payment deadline to avoid a penalty is between the 31st and 60th day after the Transfer Date. All documents, notices, correspondence and other documentation related to the Mortgage Loans that are received by Seller after the Transfer Date shall clearly indicate
Purchaser’s and Seller’s loan numbers. 
 Section 5.10 Assignment of Flood and Tax Service Contracts. Seller
shall assign to Purchaser, effective as of the Transfer Date, fully paid, freely transferable, life of the loan flood zone determination contracts with CoreLogic and fully paid, freely transferable, life of the loan tax service contracts issued by
CoreLogic with respect to each of the Mortgage Loans. Seller shall obtain the required consents, if any, to assign such contracts to Purchaser. Seller shall undertake all obligations under this Section at its sole cost and expense. If the Seller
fails to assign any of such contracts with respect to a Mortgage Loan, the Seller shall, within five Business Days of written notice from the Purchaser, reimburse the Purchaser for all reasonable, out-of-pocket costs and expenses payable to
CoreLogic and associated with procuring such flood zone determination contract and tax service contract for each such Mortgage Loan. 

  
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Notwithstanding the preceding sentence, if the Seller or its representative delivers to Purchaser the following data related to a Mortgage Loan, no reimbursement obligation under this
Section 5.10 shall be owed to Purchaser: P10P-2 file, Rev Adds File, Loan cross reference data. 
 Section 5.11 IRS
Reporting. Seller shall, at its sole cost and expense, prepare and file with the Internal Revenue Service all reports, forms, notices and filings required by the Code and rules, regulations and interpretations thereunder in connection with
the Servicing Rights and Mortgage Loans, including the reporting of all interest paid by Seller for the account of Mortgagors under the Mortgage Loans for activity that occurs before the Transfer Date. 

Section 5.12 Notification of Mortgagors, Insurance Companies, etc. By no later than 30 days prior to the Transfer Date,
each Party shall deliver to the other Party for approval (which approval shall not be unreasonably withheld or delayed) a form of Mortgagor notification letter in connection with the transfer of the Servicing Rights. Seller’s notifications
shall be in the form of the Model Forms referred to in 12 C.F.R. 1024.33(b). At least 15 days prior to the Transfer Date and otherwise in accordance with Applicable Requirements, Seller, at its expense, shall mail the approved form of notification
to the Mortgagors of the transfer of the Servicing Rights and instruct the Mortgagors to deliver all Mortgage Loan Payments and all tax and insurance notices to Purchaser after the Transfer Date. Not more than 15 days after the Transfer Date and
otherwise in accordance with Applicable Requirements, Purchaser, at its expense, shall mail the approved form of notification to the Mortgagors of the transfer of the Servicing Rights and instruct the Mortgagors to deliver all Mortgage Loan Payments
and all tax and insurance notices to Purchaser after the Transfer Date. Seller also shall, at its expense, notify any applicable taxing authority and credit bureaus, the custodian of the Collateral Files, Purchaser’s and Seller’s
electronic data processing servicing bureau, and Insurers that the Servicing Rights are being transferred and instruct such entities to deliver all tax bills, payments, notices and insurance statements to Purchaser after the Transfer Date.
Purchaser, at its expense, shall prepare and mail notification to the Mortgagors of the transfer of the Servicing Rights after the Transfer Date in accordance with Applicable Requirements. 

Section 5.13 SCRA Schedule. As promptly as practicable after the Effective Date Seller shall provide to Purchaser a
schedule of any Mortgage Loans subject to the Servicemembers Civil Relief Act. 
 Section 5.14 Power of Attorney. Seller
shall execute a reasonable number of powers of attorney in the form attached hereto as Exhibit G to be used by Purchaser as reasonably necessary to service the Mortgage Loans in accordance with Applicable Requirements. Upon Seller’s reasonable
request, Purchaser shall execute a power of attorney in a reasonably agreed form, to be used by Seller as reasonably necessary to service the Mortgage Loans in accordance with Applicable Requirements. 

Section 5.15 Cooperation. To the extent reasonably possible, the Parties shall cooperate with and assist each other, as
requested, in carrying out the purposes of this Agreement. Purchaser and Seller shall cooperate after the Transfer Date to resolve all customer complaints, disputes and inquiries related to activities that occurred prior to the Transfer Date. Such
activities may include, but shall not be limited to, providing check copies, prior servicing histories, prior correspondence and escrow analyses. Each Party will provide such information to the other Party within a time period sufficient for such
other Party to satisfy its obligations under the Real Estate Settlement Procedures Act and all other Applicable Requirements. 

  
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 Section 5.16 Loss Mitigation. Purchaser agrees to (a) accept and continue
processing any loan modification, deed in lieu, short sale, or other loss mitigation requests pending at the time of the Transfer Date in accordance with Applicable Requirements and (b) honor outstanding trial and permanent loan modification,
deeds in lieu, short sales, or other loss mitigation agreements as of the Transfer Date in accordance with Applicable Requirements, in each case to the extent the applicable Servicing File contains the relevant information with respect to the
foregoing, and subject to a change in facts or circumstances that would make continuing or completing the foregoing inconsistent with or in violation of the terms of Applicable Requirements. If required by Applicable Requirements explicitly
pertaining to loss mitigation and foreclosure avoidance, the Mortgagor shall be a third party beneficiary of this Section 5.16 but only to the extent of such requirement. 

Section 5.17 Notice of Actions. For a period of five years following the Transfer Date, Seller shall give prompt written
notice to Purchaser of any Action against Seller related to any Mortgage Loan that reasonably could be expected to affect the servicing of such Mortgage Loan by Purchaser, to the extent not also against Purchaser. 

Section 5.18 Non-Solicitation. From and after the Sale Date, Seller shall not permit its affiliates, officers, directors,
shareholders, managers or employees, and shall not cause any agents and/or independent contractors working on Seller’s or its affiliates behalf, to, directly or indirectly, by telephone, by mail, by facsimile, by personal solicitation or
otherwise, (a) take any action to solicit the Mortgagors for refinance or prepayment of the Mortgage Loans, in whole or in part, (b) take any action to facilitate or encourage any Person to solicit the Mortgagors for refinance or
prepayment of the Mortgage Loans, in whole or in part, or (c) disseminate to any third party, for compensation or otherwise, any complete or partial list of the Mortgagors for the purpose of solicitation of Mortgagors for the refinance or
prepayment of the Mortgage Loans. Nothing in this Section shall prohibit Seller from engaging in a mass advertising program to the general public at large such as mass mailings based on commercially acquired, non-targeted mailing lists or newspaper,
radio or television advertisements. 
 Section 5.19 Post-Transfer Servicing. From and after the Transfer Date, Purchaser
shall service the Mortgage Loans, or cause the servicing of the Mortgage Loans, in accordance with Applicable Requirements. 

  
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 ARTICLE VI 

INDEMNIFICATION 

Section 6.1 Indemnification of the Purchaser. 

(m) The Seller shall indemnify and hold the Purchaser, its shareholders and Affiliates, and their respective officers, directors, employees
and agents (the “Purchaser Indemnified Parties”) harmless from, and will reimburse the Purchaser Indemnified Parties for, any and all Losses incurred by any of them to the extent that such Losses result from, are caused by or arise
out of any one or more of the following: (i) any breach of a representation or warranty made by the Seller in this Agreement regardless of the existence of actual or constructive knowledge of the Seller where such representation or warranty was
made subject to the Seller’s knowledge; (ii) the nonfulfillment or breach of any term, covenant, condition, agreement or obligation of the Seller set forth in this Agreement, or any default or failure to perform by the Seller under this
Agreement; and (iii) the failure to originate or service the Mortgage Loans prior to the Transfer Date (including any failure by the Seller or any Originator or Prior Servicer, or any employee, agent or representative acting on their behalf, to
originate, sell, pool and service the related Mortgage Loans prior to the Transfer Date) in compliance with Applicable Requirements. 
 (n)
The indemnity provided in this Section 6.1 shall remain in full force and effect regardless of any investigation made by Purchaser or its representatives. Further, for purposes of indemnification under this Section 6.1, a
breach or inaccuracy of a representation or warranty contained in this Agreement shall be deemed to occur or exist either if such representation or warranty is actually inaccurate or breached or if such representation or warranty would have been so
breached or inaccurate if such representation or warranty had not contained any limitation or qualification as to materiality, material adverse effect, or material adverse change (it being the intention of the Parties that the Purchaser Indemnified
Parties shall be indemnified and held harmless from and against any and all Losses resulting from, arising out of or relating to the failure of any such representation or warranty to be true, correct and complete in any respect, determined in each
case without regard to materiality, material adverse effect, or material adverse change). Additionally, for purposes of indemnification under this Section 6.1, a breach or inaccuracy of a representation or warranty contained in this
Agreement shall be deemed to occur or exist regardless of any exception to such representation or warranty disclosed by the Seller. The Foreclosure of a Mortgage Loan shall not be deemed to cut-off Losses in respect of the related REO Property. 

Section 6.2 Repurchase of Mortgage Loans, REO Property and Servicing Rights. Subject to any limitations of the Investor,
the Purchaser may require the Seller to accept the reassignment from the Purchaser of the applicable Servicing Rights and/or repurchase the related Mortgage Loan or REO Property from the Purchaser, or if permitted under Applicable Requirements
repurchase the Mortgage Loan or REO Property directly from the Investor, if (a) any Mortgage Loan is an Excluded Loan, or (b) the Investor demands that the Purchaser repurchase a Mortgage Loan or REO Property or remove a Mortgage Loan from
a Pool based on a fact or circumstance that pertains to the period prior to the Transfer Date. The Seller shall repurchase the Servicing Rights at a price equal to the Purchase Price Percentage multiplied by

  
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the outstanding principal balance of the related Mortgage Loan (or, if such Mortgage Loan has been converted to an REO Property, the outstanding principal balance at the time of foreclosure) and
shall reimburse Purchaser for any outstanding Advances related to such Mortgage Loan made in accordance with Applicable Requirements, and shall repurchase the Mortgage Loan or REO Property, if applicable, at a price equal to the amount necessary to
repurchase such Mortgage Loan or REO Property from the Investor or remove it from the applicable Pool, including all amounts necessary to satisfy the Investor’s indemnification or make-whole request, as may be the case, and including interest
thereon calculated at the Mortgage Interest Rate through the last day of the month of repurchase. 
 If the Investor demands the repurchase
of one or more Mortgage Loan(s) or REO or requires the reassignment of the Servicing Rights, the Party receiving such demand will promptly notify the other Party in writing together with a copy of such demand. If Purchaser receives such a demand
from the Investor, Purchaser will notify the Seller and deliver to Seller a copy of the related demand within ten Business Days after Purchaser’s receipt of such demand, or such other date as mutually agreed by the Parties. Seller agrees to
review the demand and, if Seller disputes the demand, Seller agrees further (i) to provide notice of intent to appeal to Purchaser within ten Business Days, or such other period as mutually agreed by the Parties, and (ii) to deliver to
Purchaser a written appeal together with all information required to support such appeal within 35 days after Purchaser notifies Seller of the Investor’s demand, or such other period as mutually agreed by the Parties. Purchaser may reasonably
revise and supplement any documentation and written appeal in its reasonable discretion; Seller shall, if requested by Purchaser or at Seller’s reasonable request and permitted by the Investor, participate in discussions with the Investor
related to a demand, if any occur. If Seller agrees with the demand, Seller shall deliver a written notice to Purchaser of its agreement with such demand within ten Business Days after Purchaser notifies Seller of the Investor’s demand. The
Parties agree to cooperate in good faith and in a timely fashion regarding any demands and appeals. 
 Subject to Applicable Requirements,
when the Seller is required to repurchase a Mortgage Loan or REO Property or accept the reassignment of the Servicing Rights from the Purchaser, and does not seek to appeal such demand as provided in the preceding paragraph, such repurchase or
reassignment shall be accomplished by the Seller within 30 days following receipt of written demand from the Purchaser pursuant hereto, or such shorter period as required by the Investor. The Purchaser may, as mutually agreed by the Parties,
sub-service such repurchased Mortgage Loan or REO Property for such period of time that will enable the Parties to provide proper transfer notices to be given to the Mortgagor in accordance with Applicable Requirements, but in no event for longer
than 30 days, and the Purchaser shall be entitled to all Servicing Fees and Ancillary Fees as consideration for sub-servicing the Mortgage Loan or REO Property. Upon completion of such repurchase by the Seller, the Purchaser shall forward to Seller
on the third Business Day following receipt of proceeds as provided in this Section 6.2, all Mortgage Files and Custodial Funds relating to such Mortgage Loans, REO Property and/or Servicing Rights, as applicable, in accordance with
Applicable Requirements. Any failure to satisfy the timing deadlines imposed by this Section 6.2 (other than those imposed by the Investor) shall not result in forfeiture of any rights hereunder, but shall result only in a diminution in
the amount of recovery otherwise permitted by this Section 6.2 based upon any actual prejudice caused directly by such delay. 

  
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 Section 6.3 Compensatory Fees. The Seller shall reimburse the Purchaser for
any Compensatory Fees with respect to the Mortgage Loans which are asserted by an Investor with respect to the servicing of any Mortgage Loan prior to the Transfer Date; provided, that nothing herein is intended to limit or otherwise impair
the right or ability of the Seller to dispute with the applicable Investor any responsibility or liability for such amounts claimed by such Investor. For the avoidance of doubt, the Seller shall be responsible for all Compensatory Fees imposed by an
Investor prior to the Transfer Date or relating to Mortgage Loans for which foreclosure has been completed prior to the Transfer Date. The Purchaser shall notify the Seller within ten (10) Business Days of any demand from an Investor for such
amounts and permit the Seller to reasonably contest and/or appeal such demands and, if requested by the Seller, the Purchaser shall pay such amounts from funds provided by Seller subject to a written reservation of the Seller’s rights to
dispute such amounts. The Seller shall provide the Purchaser with all funds relating to the payment of Compensatory Fees that are the responsibility of the Seller pursuant to this Section 6.3 in a timely manner so as to allow the
Purchaser to comply with Applicable Requirements regarding the payment of such amounts to the applicable Investor. 
 Section 6.4
Indemnification of Seller. 
 (e) The Purchaser shall indemnify and hold the Seller, its shareholders and Affiliates, and their
respective officers, directors, employees and agents (the “Seller Indemnified Parties”) harmless from, and will reimburse the Seller Indemnified Parties for, any and all Losses incurred by any of them to the extent that such Losses
result from, are caused by or arise out of any one or more of the following: (i) any breach of a representations or warranty made by the Purchaser in this Agreement, regardless of the existence of actual or constructive knowledge of the
Purchaser where such representation or warranty was made subject to the Purchaser’s knowledge; (ii) the nonfulfillment or breach of any term, covenant, condition, agreement or obligation of the Purchaser set forth in this Agreement, or any
default or failure to perform by Purchaser under this Agreement; or (iii) the failure to service the Mortgage Loans after the Transfer Date (including any failure by the Purchaser, any subservicer, or any employee, agent or representative
acting on their behalf, to service the related Mortgage Loans after to the Transfer Date) in compliance with Applicable Requirements. 
 (f)
The indemnity provided in this Section 6.4 shall remain in full force and effect regardless of any investigation made by Seller or its representatives. Further, for purposes of indemnification under this Section 6.4, a breach
or inaccuracy of a representation or warranty contained in this Agreement shall be deemed to occur or exist either if such representation or warranty is actually inaccurate or breached or if such representation or warranty would have been so
breached or inaccurate if such representation or warranty had not contained any limitation or qualification as to materiality, material adverse effect, or material adverse change (it being the intention of the Parties that the Seller Indemnified
Parties shall be indemnified and held harmless from and against any and all Losses resulting from, arising out of or relating to the failure of any such representation or warranty to be true, correct and complete in any respect, determined in each
case without regard to materiality, material adverse effect, or material adverse change.) 

  
 37 

 Section 6.5 Notice and Settlement of Claims. 

(a) Each Party to this Agreement shall notify the other Party in writing of the existence of any material fact known to it giving rise to any
obligations of the other Party under Article VI, including any claim brought by a third party or the commencement of any Action which may give rise to any such obligations (each, a “Claim”); provided, however, that the
Indemnified Party shall only submit claims for indemnification for Losses that do not involve a Claim, only upon the earlier of: (i) a monthly basis, or (ii) in aggregate amounts that equal or exceed $[***]. The failure or delay in
providing notice shall not relieve a Party obligated to provide indemnification (“Indemnifying Party”) of any obligation to indemnify or reimburse the other Party (“Indemnified Party”) hereunder unless such failure
or delay materially prejudices the rights or increases the liability of the Indemnifying Party with respect to the matter as to which such notice relates, and then such Indemnifying Party’s obligation to indemnify or reimburse hereunder shall
be reduced only by the amount that it actually has been damaged thereby. The Indemnifying Party may, at its own cost and expenses, assume and control defense of any Claim, including the right to designate counsel and to control, all negotiations,
litigation, settlements, compromises and appeals of any such Claim or potential Claim; provided that such counsel shall be reasonably satisfactory to the Indemnified Party in the exercise of its reasonable discretion. Notwithstanding the
foregoing, if the Purchaser is the Indemnified Party and the Purchaser reasonably believes that the assumption of the defense or prosecution of all or a portion of such Claim by the Purchaser is necessary to assure that its right or ability to
enforce a material portion of its other Mortgage Loans or Servicing Rights or to assure that its method of doing business or its authority and approvals to service are not materially impaired, then, upon notice to the Seller from the Purchaser, the
Seller shall permit such assumption by Purchaser. The Party not controlling the defense or prosecution of any such Claim may participate at its own costs and expense. Neither the Indemnifying Party nor the Indemnified Party shall be entitled to
settle, compromise, decline to appeal, or otherwise dispose of any Claim, without the written consent of the other Party, which consent shall not be unreasonably withheld or delayed. Following the discharge of the Indemnifying Party’s
obligations with respect to any Claim under this Article VI, the Indemnified Party shall, subject to Applicable Requirements, assign to the Indemnifying Party any and all related Claims against third parties. Within 15 Business Days after
receipt, the Indemnified Party shall refund to the Indemnifying Party the amounts of all recoveries received by the Indemnified Party with respect to any claim with respect to which it is reimbursed for Losses. The obligations of the Indemnifying
Party under this Section 6.5 shall include Losses for Claims that are settled (with the Indemnifying Party’s prior written consent) whether or not such settlement includes any acknowledgment or admission of fault, liability or
breach by the Indemnifying Party. 
 (b) Following the receipt of written notice from the Indemnified Party of a Claim, the Indemnifying
Party shall (i) seek to cure the problem giving rise to the demand, if possible, and (ii) within 30 days or such lesser time as may be required by the Investor, Insurer or third party claimant, pay the amount for which it is liable or
otherwise take the actions which it is required to take. As to any Claim for which notice is given as hereinbefore provided, the corresponding obligation of indemnity shall continue to survive, until whichever of the following events first occurs:
(1) the Indemnifying Party shall have discharged its obligation of indemnity to the Indemnified Party with respect to such claim, as required hereunder or (2) a court of competent jurisdiction shall have finally determined that the
Indemnifying Party is not liable to the Indemnified Party with respect to such claim. 

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 
  

38 

 ARTICLE VII 

TERMINATION 

Section 7.1 Termination. This Agreement and the Parties obligations to engage in or complete the transaction contemplated
hereby may be terminated prior to the Transfer Date as follows: 
 (a) by mutual written consent of the Parties; 

(b) by the Purchaser or the Seller, by written notice to the other Party, if the other Party fails to comply in any material respect with any
term, covenant, condition or agreement applicable to it hereunder, and does not cure such failure within 30 days notice from the Purchaser or the Seller, as applicable; 

(c) by the Purchaser or the Seller, by written notice to the other Party, if the other Party breaches any of the representations or warranties
made by it hereunder in any material respects, and does not cure such breach within 30 days notice from the Purchaser or the Seller, as applicable; 

(d) by the Purchaser or the Seller, by written notice to the other Party, if any condition precedent to the Purchaser or the Seller’s
obligations, as applicable, under this Agreement is not met within the specified time period; provided, however, that neither of the Parties may terminate this Agreement pursuant to this Section 7.1(d) if such Party is in
breach in any material respect of any of its representations, warranties, covenants, obligations, conditions or agreements set forth herein; or 

(e) by the Purchaser, by written notice to the Seller, if the Investor Consent is revoked by Investor before June 30, 2014, or such other
date mutually agreed in writing by the Seller and Purchaser. 
 Section 7.2 Effect of Termination. In the event of
termination of this Agreement pursuant to Section 7.1, this Agreement shall forthwith become void and have no further force, except that the provisions of this Section 7.2 and Sections 6.1, 6.4, 6.5, 8.2, 8.3, 8.4, 8.5,
8.6, 8.7, 8.8, 8.9, 8.10, 8.11, 8.14, and 8.15, and any other provision which, by its terms, relates to post-termination rights or obligations, shall survive such termination of this Agreement and remain in full force and effect. If this
Agreement is terminated between the Sale Date and Transfer Date, within two Business Days after such termination, the Seller shall return to the Purchaser any portions of the Purchase Price paid by the Purchaser to the Seller pursuant to this
Agreement, and the Purchaser shall return any documents or information concerning the Mortgage Loans or Servicing Rights to the Seller. Other than in the event of a termination by Seller pursuant to Section 7.1(b) or (c), or in a
termination by Seller pursuant to Section 7.1(d) and Purchaser is in breach in any material respect of any of its representations, warranties, covenants, obligations, conditions or agreements set forth herein, Seller shall pay Purchaser
interest on such portions of the Purchase Price at the Federal Funds Rate from the date originally paid by the Purchaser to the date returned to the Purchaser. The termination of this Agreement shall not affect the rights of either Party with
respect to any liabilities incurred or suffered by such Party as a result of the 

  
 39 

 
breach by the other Party of any of its representations, warranties, covenants or agreements in this Agreement. The right to terminate this Agreement shall be in addition to any other rights of
the Parties under this Agreement, at law or equity. 

  
 40 

 ARTICLE VIII 

MISCELLANEOUS 

Section 8.1 Exclusivity. From the Effective Date to the earlier of the Sale Date or the termination of this Agreement in
accordance with the terms hereof, the Seller shall not, and shall cause its affiliates and agent to not, directly or indirectly, initiate, encourage, entertain or accept any bid, submission, proposal or offer to purchase directly or indirectly all
or a portion of the Servicing Rights. 
 Section 8.2 Confidentiality. All information which is not public knowledge
(including Mortgagor or customer information of any kind, proprietary business procedures, servicing fees or prices, policies or business plans) disclosed heretofore or hereafter by either Party to the other Party (including its attorneys,
accountants or other representatives) in connection with the transaction contemplated hereby (including the existence of this Agreement and the terms hereof) shall be kept confidential by the other Party and shall not be disclosed to any third party
by such Party without the other Party’s consent except (a) as contemplated herein or as reasonably necessary to effectuate the transaction contemplated hereby, (b) to the extent it is or hereafter becomes public knowledge or becomes
lawfully obtainable form other sources, (c) to the extent required by Applicable Law or (d) in working with legal counsel, auditors, taxing authorities or other Governmental Authorities. 

Notwithstanding any other express or implied agreement to the contrary, the Parties agree and acknowledge that each of them and each of their
employees, representatives, and other agents may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of the transaction and all materials of any kind (including opinions or other tax analyses) that
are provided to any of them relating to such tax treatment and tax structure, except to the extent that confidentiality is reasonably necessary to comply with U.S. federal or state securities laws. For purposes of this paragraph, the terms “tax
treatment” and “tax structure” have the meanings specified in Treasury Regulation section 1.6011-4(c). 
 Section 8.3
Costs and Expenses; Broker’s Fees. Each of the Parties hereto shall bear its own fees, costs, expenses and commissions of financial, legal and accounting advisors and other advisor and brokers incurred in connection with the due
diligence, negotiation and execution of this Agreement. The Seller shall be responsible for any fees, costs and expenses relating to obtaining the Investor Consents, the transfer of the Servicing Rights to the Purchaser and any fees or other amounts
owed to the Investor, any custodian or a Prior Subservicer with respect to the period prior to the Transfer Date. Each Party covenants and agrees that, in the event such Party enters into an agreement to pay any finder’s, agent’s,
broker’s, advisor’s or originator’s fee arising out of or in connection with the subject matter of this Agreement, such Party shall be solely responsible for all such fees. 

  
 41 

 Section 8.4 Notices. Except as otherwise expressly permitted by this
Agreement, all notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly given: (a) when received, if given in person, by courier or by a national overnight delivery
service, return receipt requested, (b) five Business Days after deposit in the United States mail if delivered by registered or certified mail, return receipt requested, to the appropriate addresses, facsimile number or email address set forth
below: 
  

			
	If to the Seller:
		
		  	HomeStreet, Inc.
		  	601 Union St., Suite 2000
		  	Seattle, WA 98101
		  	Attention: Susan Greenwald, SVP, Single Family Operations Director
		
		  	With a copy to:
		
		  	HomeStreet, Inc.
		  	601 Union St., Suite 2000
		  	Seattle, WA 98101
		  	Attention: Godfrey Evans, EVP, General Counsel, Chief Administrative Officer
		
		  	With a copy to:
		
		  	Eric J. Edwardson
		  	K&L Gates LLP
		  	1601 K Street N.W.
		  	Washington D.C. 20006

  

			
	 If to the Purchaser:

		
		  	 SunTrust Mortgage, Inc.

		  	 901 Semmes Avenue

		  	 Richmond, VA 23224

		  	 Attention: Executive Vice President – Capital Markets

		
		  	 With a copy to:

		
		  	 SunTrust Mortgage, Inc.

		  	 1001 Semmes Avenue

		  	 Richmond, VA 23224

		  	 Attention: Legal Department

 Section 8.5 Entire Agreement; Amendments and Waivers. This Agreement constitutes the entire
understanding between the Parties with respect to the subject matter hereof and supersedes all prior or contemporaneous oral or written communications regarding same. This Agreement shall not be modified, amended or in any way altered except by an
instrument in writing signed by the Parties. No failure or delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. 

  
 42 

 Section 8.6 Governing Law. THIS 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 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
AND THEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 8.7 Submission to Jurisdiction. EACH OF THE
PARTIES IRREVOCABLY (I) SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK
FOR THE PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING
IN ANY SUCH COURT OR THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT; (III) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER OR BY
ANY OTHER MANNER IN ACCORDANCE WITH LAW; AND (IV) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW. 
 Section 8.8 Waiver of Jury Trial. EACH PARTY IRREVOCABLY AND ABSOLUTELY WAIVES TO THE FULLEST EXTENT PERMITTED BY
LAW THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH, ARISING UNDER OR RELATING TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY, AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER. 

Section 8.9 General Interpretive Principles. For purposes of this Agreement, except as otherwise expressly provided or
unless the context otherwise requires: (a) the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the
other gender; (b) accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; (c) references herein to “Articles,” “Sections,”
“Subsections,” “Paragraphs,” and other Subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement; (d) reference to a Subsection
without further reference to a Section is a reference to such Subsection as contained in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions; (e) the words “herein,”
“hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular provision; (f) the term “include” or “including” shall mean without limitation by
reason of enumeration; and (g) reference to any other document referenced herein shall include all amendments and modifications thereto and any exhibits, schedules or other supplements thereto. 

  
 43 

 Section 8.10 Effect of Headings; Exhibits; No Strict Construction. The Article
and Section headings herein are for convenience only and shall not affect the construction hereof. The Schedules and Exhibits to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement. The Parties
acknowledge that this Agreement and related documents have been prepared jointly, and shall not be strictly construed against either Party. 

Section 8.11 Severability Clause. Any part, provision, representation or warranty of this Agreement which is prohibited or
which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement which is
prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by Applicable Law, the Parties hereto waive any provision
of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any Party of the economic benefit intended to be conferred by this
Agreement, the Parties shall, in good-faith, enter into negotiations to place each Party in materially the same economic position as each Party would have been in except for such invalidity. 

Section 8.12 Due Diligence. The Seller agrees that the provision of any information and documents by the Seller, and the
review thereof and determinations made by the Purchaser in connection with its due diligence review of any information and documents, shall have no bearing on, and shall not limit the effect of, the Seller’s representations, warranties,
covenants, indemnities and other obligations under this Agreement, or any rights or remedies of the Purchaser. 
 Section 8.13
Survival. Notwithstanding anything else to the contrary herein, all warranties, representations, covenants, indemnities and other agreements of the Parties set forth herein shall survive the Effective Date, the Sale Date and the Transfer
Date. 
 Section 8.14 No Remedy Exclusive. No remedy under this Agreement is intended to be exclusive of any other
available remedy, but each remedy shall be cumulative and shall be in addition to any remedies given under this Agreement, under any other agreement, or existing at law or in equity. 

Section 8.15 Successors and Assigns; Third Party Beneficiaries. This Agreement shall bind and inure to the benefit of and
be enforceable by the Seller and the Purchaser and their respective permitted successors and assigns. This Agreement shall not be assigned, pledged or hypothecated by either Party without the prior written consent of other Party, which consent may
be withheld by the other Party in its sole discretion, and any such purported assignment shall be 

  
 44 

 
null and void and of no effect. This Agreement is for the sole benefit of the Parties and their respective successors and permitted assigns, and, except as expressly set forth herein, nothing
herein expressed or implied shall give or be construed to give to any Person, other than the Parties and such respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

Section 8.16 Sale Treatment. It is the express intention of the Parties that the transaction contemplated hereby be, and be
construed as, a sale of the Servicing Rights related to the Mortgage Loans by the Seller and not a pledge of the Servicing Rights related to the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller.
Accordingly, the Seller and the Purchaser shall each treat the transaction as a sale in their business records, tax returns and financial statements. The Seller covenants to do all things reasonably requested by the Purchaser to perfect the sale of
the Servicing Rights, including providing (and does hereby provide) authorization to the Purchaser to file any financing statements appropriate or necessary to perfect such sale. 

Section 8.17 Reproduction of Documents. This Agreement and any documents related hereto may be reproduced by any
photographic, photostatic, microfilm, micro-card, miniature photographic or other similar process. The Parties agree that any such reproduction shall, after any applicable authentication, be admissible in evidence as the original itself in any
judicial or administrative proceeding, whether or not the original is in existence and whether or not such reproduction was made by a Party in the regular course of business, and that any enlargement, facsimile or further reproduction of such
reproduction shall likewise be admissible in evidence. 
 Section 8.18 Further Assurances. Each Party shall, at any time
and from time to time, promptly, upon the reasonable request of the other Party or its representatives, execute, acknowledge, deliver or perform all such further acts, deeds, assignments, transfers, conveyances, and assurances as may be required for
the better vesting and confining to Purchaser and its successors and assigns of title to Servicing Rights or as shall be necessary to effect the transaction contemplated hereby. 

Section 8.19 Counterparts. This Agreement may be executed in any number of counterparts, each of which, when so executed
and delivered, shall be deemed to be an original and all of which, taken together, shall constitute but one and the same agreement. The Parties agree that this Agreement and signature pages may be transmitted between them by facsimile or electronic
images and that faxed or electronically imaged signatures shall constitute original signatures and is binding upon the applicable Party. 

[Signature appear on next page] 

  
 45 

 IN WITNESS WHEREOF, each of the undersigned Parties has caused this Servicing Rights
Purchase and Sale Agreement to be duly executed in its name by one of its duly authorized officers, all as of the date first above written 
  

			
	HOMESTREET BANK
		
	By:	 	 /s/ Darrell Van Amen

		
	Name:	 	 Darrell Van Amen

		
	Title:	 	 Executive Vice President

	
	SUNTRUST MORTGAGE, INC.
		
	By:	 	 /s/ Hakan Beygo

		
	Name:	 	 Hakan Beygo

		
	Title:	 	 Senior Vice President

 EXHIBIT A 

FIELDS TO BE INCLUDED IN MORTGAGE LOAN SCHEDULE 
  

	 	•	 	Loan Number 

  

	 	•	 	Current Principal Balance 

  

	 	•	 	Current Payment Amount (P&I) 

  

	 	•	 	Current Tax & Insurance Payment Amount 

  

	 	•	 	Current Total Payment Amount 

  

	 	•	 	Original Principal and Interest Payment Amount 

  

	 	•	 	Origination Date 

  

	 	•	 	First Payment Date 

  

	 	•	 	Original Loan Amount 

  

	 	•	 	Original Loan Term 

  

	 	•	 	Original Interest Rate 

  

	 	•	 	Original Property Value 

  

	 	•	 	Original LTV 

  

	 	•	 	Original Combined LTV 

  

	 	•	 	Original Property Valuation 

  

	 	•	 	Income Documentation 

  

	 	•	 	DTI Ratio Back-end at Origination 

  

	 	•	 	DTI Ratio Front-end at Origination 

  

	 	•	 	Original FICO 

  

	 	•	 	Occupancy 

  

	 	•	 	Lien Position at Origination 

  

	 	•	 	Loan Source 

  

	 	•	 	Loan Purpose Coding 

  

	 	•	 	Number of Units 

  

	 	•	 	Mortgage Insurance Coverage Percentage at Origination 

  

	 	•	 	Property Type 

  

	 	•	 	Balloon Flag 

  

	 	•	 	Balloon Term 

  

	 	•	 	Buydown Flag 

  

	 	•	 	Interest Only at Origination 

  

	 	•	 	Interest Type at Origination 

  

	 	•	 	Product Type at Origination 

  

	 	•	 	Escrow Balance: (Taxes, Insurance (Hazard, Flood, Wind, FHA/MPI) that will expire within 60 days after Transfer Date; Outstanding bills; Pay all items due prior to and within 30 days after Transfer Date. (MSP Users:
1AT)) 

  

	 	•	 	Escrow Advance Balance 

  

	 	•	 	Suspense Balance 

	 	•	 	Restricted Escrow Balance 

  

	 	•	 	Reserve Balance 

  

	 	•	 	Escrow Amount at Origination 

  

	 	•	 	Late Charge Balance 

  

	 	•	 	Recoverable Corporate Advance Balance 

  

	 	•	 	Third Party Recoverable Corporate Advance Balance 

  

	 	•	 	Investor Name 

  

	 	•	 	LO Type Description 

  

	 	•	 	Loan Matures Date 

  

	 	•	 	Net Servicing Fee 

  

	 	•	 	Property Alpha State Code 

  

	 	•	 	Property Type Code Description 

  

	 	•	 	Foreclosure Stop Code Description 

  

	 	•	 	Bankruptcy Status 

  

	 	•	 	Man Code 

 EXHIBIT B-1 

ESTIMATED PURCHASE PRICE COMPUTATION WORKSHEET 
  

					
	 	  	 Loan Count
	  	 UPB

	Loans in Servicing Sale Offering	  	
	         Less: Prepayments
	         Less: UPB Paydown
	         Less: Loan Kicks
			
	Estimated Population and UPB as of Settlement	  		  	
			
	Purchase Price %	  		  	
			
	Estimated Purchase Price Proceeds	  		  	
	         Less: 10% Holdback Amount
			
	 Estimated Amount to be Wired

06/30/2014
	  		  	

 EXHIBIT B-2 

PURCHASE PRICE COMPUTATION WORKSHEET 
  

					
	 	  	 Loan Count
	  	 UPB

	Loans in Servicing Sale Offering	  		  	
	        Less: Prepayments	  		  	
	        Less: UPB Paydown	  		  	
	        Less: Loan Kicks	  		  	
			
	Population as of 06/20/2014	  		  	
			
	Purchase Price %	  		  	
		
	Purchase Price Amount off of 06/20/14 Balance	  	
	        Less: 10% Holdback Amount	  		  	
			
	Amount Wired 06/30/2014	  		  	
			
	Population as of 06/30/2014	  		  	
		
	Purchase Price Amount off of 06/30/14 Balance	  	$ —  
	        Less: 10% Holdback Amount	  		  	$ —  
	        Less: 06/30/2014 Wire Amount	  		  	$ —  
		
	Amount owed to (Purchaser)/Seller	  	$ —  

 EXHIBIT C 

FORM OF BILL OF SALE 

This BILL OF SALE (“Bill of Sale”), dated as of June 30, 2014 (the “Sale Date”), is made and entered
into by and between SUNTRUST MORTGAGE, INC., a Virginia corporation (the “Purchaser”) HOMESTREET BANK, a Washington savings bank (the “Seller”). 

WITNESSETH: 

WHEREAS, the Purchaser and the Seller have entered into that certain Servicing Rights Purchase and Sale Agreement, dated as of June 30,
2014, by and between the Purchaser and Seller (as amended, supplemented or otherwise modified from time to time, “Purchase Agreement”); and 

WHEREAS, by this Bill of Sale, Seller is vesting in the Purchaser its right, title, interest and obligation in, to and under the Conveyed
Assets as provided herein. 
 NOW, THEREFORE, in consideration of Seller’s receipt of the Purchase Price and for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and pursuant to the terms and subject to the conditions of the Purchase Agreement, the Parties hereto agree as follows: 

ARTICLE I 

AGREEMENT 

Section 1.01. Definitions. All capitalized terms used herein, but not otherwise defined, shall have the meanings
specified in the Purchase Agreement. 
 Section 1.02. Sale. Effective as of the Sale Date, the Seller does hereby
sell, transfer, assign, set over and convey to the Purchaser, and the Purchaser does hereby accept, all beneficial right, title and interest in and to the Servicing Rights to the Mortgage Loans on the Mortgage Loan Schedule attached hereto as
Schedule A and all rights related thereto, the related Advances, the related Custodial Funds and the related Mortgage Files, on the terms and subject to conditions more fully described in the Purchase Agreement. 

Section 1.03. Governing Agreement. This Bill of Sale is expressly made subject to the terms and provisions of the
Purchase Agreement. The delivery of this Bill of Sale shall not affect, alter, enlarge, diminish or otherwise impair any of the representations, warranties, covenants, conditions, indemnities, terms or provisions of the Purchase Agreement in any
manner whatsoever, and all of the representations, warranties, covenants, conditions, indemnities, terms and provisions contained in the Purchase Agreement shall survive the delivery of this Bill of Sale to the extent, and in the manner, set forth
in the Purchase Agreement. In the event of a conflict between the terms and provisions of this Bill of Sale and the terms and provisions of the Purchase Agreement, the terms and provisions of the Purchase Agreement shall govern and control. 

Section 1.04. Successors and Assigns. The provisions of this Bill of Sale shall bind the Seller and its successors
and permitted assigns and inure to the benefit of the Purchaser and its respective successors and permitted assigns. 

Section 1.05. Interpretation. Titles and headings to sections herein are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Bill of Sale. Whenever the context requires in this Bill of Sale, the singular shall include the plural, and vice versa. This Bill of Sale shall be construed
without regard to any presumption or rule requiring construction or interpretation against the Party drafting or causing any instrument to be drafted. 

 Section 1.07. Governing Law. THIS BILL OF SALE 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 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER AND THEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.06. Execution in
Counterparts. This Bill of Sale may be executed and delivered in one or more original or facsimile counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same document. The Purchaser
and Seller intend that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all Parties. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, each of the undersigned Parties has caused this Bill of Sale to be
duly executed in its name by one of its duly authorized officers, all as of the date first written above. 
  

			
	By:	 	  

		
	Printed:	 	  

		
	Title:	 	  

	
	SUNTRUST MORTGAGE, INC.
		
	By:	 	  

		
	Printed:	 	  

		
	Title:	 	  

 SCHEDULE A TO BILL OF SALE 

MORTGAGE LOAN SCHEDULE 
 [provided
electronically] 

 EXHIBIT D 

SERVICING TRANSFER INSTRUCTIONS 

[attached] 

 EXHIBIT E 

FORM OF LIMITED POWER OF ATTORNEY 

                    , a
                    of HomeStreet Bank (the “Prior Servicer”), hereby constitutes and appoints SunTrust Mortgage, Inc.
(“SunTrust”) as its true and lawful attorney-in-fact, in its name, place and stead for the purposes set forth below. This Limited Power of Attorney is being delivered pursuant to that Servicing Rights Purchase and Sale Agreement
dated as of                     , 2014 between the Prior Servicer, as seller, and SunTrust, as purchaser (as amended, restated and modified from time
to time, the “Purchase Agreement”). 
 NOW THEREFORE, in consideration of the mutual promises, obligations and covenants
contained herein and in the Purchase Agreement, and for good and valuable consideration the receipt and adequacy of which is hereby acknowledged, the Prior Servicer does hereby make, constitute and appoint SunTrust as the Prior Servicer’s true
and lawful attorney-in-fact in the Prior Servicer’s name, place and stead, with respect to each mortgage loan, the servicing rights for which have been sold by the Prior Servicer to SunTrust pursuant to the Purchase Agreement, for the
following: 
  

	1.	Execute or file assignments of mortgages or deeds of trust, or of any beneficial interest in a mortgage or deed of trust; 

  

	2.	The modification or re-recording of a mortgage or deed of trust, where said modification or re-recording is solely for the purpose of correcting the mortgage or deed of trust to conform same to the original intent of
the parties thereto or to correct title errors discovered after such title insurance was issued; provided the (i) said modification or re-recording, in either instance, does not adversely affect the lien of the mortgage or deed of trust as
insured and (ii) otherwise conforms to the provisions of the related servicing agreements; 

  

	3.	The full satisfaction/release of a mortgage or deed of trust or full conveyance upon payment and discharge of all sums secured thereby, including, without limitation, cancellation of the related mortgage note;

  

	4.	Correct or otherwise remedy any errors or deficiencies contained in any transfer or reconveyance documents provided or prepared by Prior Servicer, including, but not limited to note indorsements; 

 

	5.	To endorse checks in connection with optional insurance, loss drafts, payoffs, payments, refunds and claims, and depositing the same into the appropriate accounts. 

The Prior Servicer gives SunTrust full power and authority to execute such instruments and to do and perform all and every act and thing necessary and proper
to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully as the Prior Servicer might or could do, and any act or thing lawfully down hereunder and in accordance with this Limited Power of Attorney. This
appointment is to be construed and interpreted as a limited power of attorney and does not empower or authorize the said attorney-in-fact to do any act or execute any document on behalf of the Prior Servicer not authorized pursuant hereto. 

 Without limiting the general application of the preceding paragraph, nothing herein shall (a) permit
SunTrust to commence, continue, or otherwise prosecute or pursue any foreclosure proceedings in the name of Prior Servicer, or (b) grant SunTrust the power to (i) initiate or defend any suit, litigation, or proceeding in the name of Prior
Servicer or be construed to create a duty of Prior Servicer to initiate or defend any suit, litigation, or proceeding, (ii) incur or agree to any liability or obligation in the name of or on behalf of Prior Servicer, or (iii) execute any
document or take any action on behalf of, or in the name, place, or stead of, Prior Servicer, except as provided herein. 
 All note indorsements executed
pursuant to this Limited Power of Attorney shall contain the words “without recourse,” and unless required by law, all others documents of transfer executed pursuant to this Limited Power of Attorney shall contain the following sentence:
“This [insert document title] is made without recourse to or against HomeStreet Bank, and without representation or warranty, express or implied, by HomeStreet Bank” 

The rights, power and authority of the attorney-in-fact granted in this instrument will commence and be in full force in effect on the date of the execution
and such rights, power and authority will remain in full force and effect until 11:59 p.m., Eastern Standard time, on the date that is three years from such date (the “Termination Date”). This Limited Power of Attorney shall be
coupled with an interest and shall be irrevocable prior to the Termination Date. 
 The Prior Servicer agrees and represents to those dealing with SunTrust
that they may rely on this Limited Power of Attorney until the Termination Date. Any and all third parties dealing with SunTrust may rely completely, unconditionally and conclusively on the authority of SunTrust, and need not make any inquiry about
whether SunTrust is acting pursuant to the Purchase Agreement. Any third party may rely upon a written statement by SunTrust that any particular mortgage loan or related mortgaged property in question is subject to and included under this Limited
Power of Attorney or the Purchase Agreement. 
 Nothing herein shall be deemed to amend or modify the Purchase Agreement or the respective rights, duties
and obligations of the Prior Servicer or SunTrust under the Purchase Agreement, and nothing herein shall constitute a waiver or any rights or remedies thereunder. 

THIS LIMITED POWER OF ATTORNEY IS ENTERED INTO AND SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF,
                    has caused this Limited Power of Attorney to be executed by its officer duly authorized this
        day of             , 2014. 
  

	
	  

  

			
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

		
	 STATE OF
	 	  

		
	 COUNTY OF
	 	  

 The foregoing instrument was acknowledged before me, a notary public commissioned in
                    County,     , this         day of
                    , 2014 by
                    (name of agent) as the
                    (title) of
                    . 
  

							
	  
	 		  		  	  

	 Seal
	 		  		  	Name
				
		 		  		  	  

	Signature	 		  		  	
		 		  		  	
		 		  	  

		 		  		  	Notary registration number
				
	  
	 		  		  	
	 My commission expires
	 		  		  	

 EXHIBIT F 

PURCHASE PRICE PERCENTAGE 

[***] percent [***] 

  
 [***] Certain information has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.exnineone.htm

 

 

 

 

EXCHANGE AGREEMENT

 

by and between

 

FANATIC FANS, INC.

 

and

 

WCS ENTERPRISES, LLC.

 

and

 

Wayne A. Zallen

David Tobias

Carl Sanko

 

Dated as of June 30, 2014

 

 

 

 

 

  

- 1 -

  

 

EXCHANGE AGREEMENT dated as of June 30, 2014 (this “Agreement”) between Fanatic Fans, Inc., a Nevada corporation (“Company”), WCS Enterprises, LLC, an Oregon limited liability company (“WCS”) and Wayne A. Zallen, David Tobias and Carl Sanko (the “Zallen Parties”).

 

 

BACKGROUND

 

The Zallen Parties own 100% of the ownership interest of WCS.

 

WCS is the owner of assets and business plans and business processes described on Exhibit A attached hereto and incorporated herein by this reference.

 

The Company desires to acquire and the Zallen Parties desire to sell 100% of the ownership interest of WCS (“WCS Ownership”) in exchange for 20,410,000 shares of common stock of the Company (the “Shares”), all pursuant to the terms and conditions of this Agreement.

 

In consideration of the background information set forth above and incorporated herein, the mutual covenants and agreements contained in this Agreement, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:

 

 

ARTICLE I

 

EXCHANGE

 

Section 1.1 Exchange. Upon the terms and subject to the conditions of this Agreement, the Company agrees to issue and sell to the Zallen Parties, the Shares, and in exchange the Zallen Parties shall transfer to the Company the WCS Ownership.

 

Section 1.2 Exchange Closing.

 

(a) The Company will deliver certificates representing the Shares and registered in the names of the Zallen Parties as set forth on Exhibit B attached hereto, and the Zallen Parties will deliver documentation representing the WCS Ownership and registered in the name of the Company (“Exchange Closing”). The time and date of such deliveries shall be deemed to be made 11:59 p.m., Pacific Daylight Time on June 30, 2014 (the “Exchange Closing Date and Time”).

 

(b) The documents to be delivered in connection with the Exchange Closing by the Company pursuant to this Article II and any additional documents to be delivered by the Company pursuant to Section 6.1, will be scanned and emailed prior to the Exchange Closing Date and Time to wildwaynez@gmail.com.  The originals of the documents shall be delivered to the offices of WCS at 2944 Delta Waters Road, Medford, Oregon 97504 within 10 business days after the Exchange Closing Date and Time.

 

(c) The documents to be delivered in connection with the Exchange Closing by the Zallen Parties pursuant to this Article II and any additional documents to be delivered by the Zallen Parties pursuant to Section 6.1, will be scanned and emailed prior to the Exchange Closing Date and Time to gwholmes1234@yahoo.com.  The originals of the documents shall be delivered to Mr. Jeff Holmes at P.O. Box 11207, Zephyr Cove, Nevada 89448 within 10 business days after the Exchange Closing Date and Time.

 

  

- 2 -

  

 

ARTICLE II

 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

 

The Company represents and warrants to the Zallen Parties as of the date hereof that:

 

Section 2.1 Existence and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Nevada. The Company has the requisite corporate power and authority to own or lease all of its properties and assets and to carry on its business as it is now being conducted, and is duly licensed or qualified to do business in each jurisdiction in which the nature of the business conducted by it or the character or location of the properties and assets owned or leased by it makes such licensing or qualification necessary.

 

Section 2.2 Capitalization. The authorized capital stock of Company consists of 45,000,000 shares of Company Common Stock of which, as of June 30, 2014 (the “Company Capitalization Date”) no more than 20,025,710 shares were issued and outstanding, and 5,000,000 shares of preferred stock are authorized of which, as of the Company Capitalization Date, no shares were issued and outstanding.  As of the Company Capitalization Date, there were outstanding warrants, options or other derivative securities for the purchase of 3,705,636 shared of Company Common Stock. All of the issued and outstanding shares of Company Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights, with no personal liability attaching to the ownership thereof.

 

Section 2.3 Authorization. The execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of the Company, and this Agreement is a valid and binding obligation of the Company, enforceable against it in accordance with their terms.

 

Section 2.4. Board Approvals. The transactions contemplated by this Agreement, including without limitation the issuance of the Shares and the compliance with the terms of this Agreement, have been unanimously adopted, approved and declared advisable by the Board of Directors of the Company.

 

Section 2.5 Valid Issuance of Shares. The Shares have been duly authorized by all necessary corporate action. When issued and sold against receipt of the consideration therefor, the Shares will be validly issued, fully paid and nonassessable, will not subject the holders thereof to personal liability and will not be issued in violation of preemptive rights. The voting rights provided for in the terms of the Shares are validly authorized and shall not be subject to restriction or limitation in any respect.

 

Section 2.6 Non-Contravention. The execution, delivery and performance of this Agreement, and the consummation by the Company of the transactions contemplated hereby, will not conflict with, violate or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both would constitute a default) under, or result in the termination of or accelerate the performance required by, or result in a right of termination or acceleration under, any provision of the Articles of Incorporation or Bylaws of the Company.

 

  

- 3 -

  

Section 2.7 Purchase for Own Account. The Company is acquiring the WCS Ownership for its own account and not with a view to the distribution thereof in violation of the Securities Act of 1933, as amended, and the rules and regulations of the Securities and Exchange Commission (the “SEC”) promulgated thereunder (the “Securities Act”).

 

Section 2.8 Private Placement. The Company understands that the WCS Ownership has not been registered under the Securities Act or any state securities laws, by reason of the fact that the ownership is not a security as defined in the Securities Act of 1933 and applicable state blue sky laws or was issued pursuant to an exception from registration in such laws.

 

Section 2.9 Documentation.  All documentation and information delivered to WCS or the Zallen Parties regarding the Company is true and accurate in all material respects.

 

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF WCS AND ZALLEN PARTIES

 

WCS and the Zallen Parties represent and warrant to the Company as of the date hereof that:

 

Section 3.1 Existence and Power. WCS is duly organized and validly existing under the laws of the state of Oregon and has all requisite power and authority to enter into and perform its obligations under this Agreement.

 

Section 3.2 Authorization. The execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of WCS, and this Agreement is a valid and binding obligation of WCS and the Zallen Parties, enforceable against it in accordance with its terms.

 

Section 3.3 Valid Issuance. The WCS Ownership has been duly authorized by all necessary business action.  The WCS Ownership represents 100% of the ownership interest in WCS in all respects, including without limitation all profit interest, loss interest, and liquidation rights.  The WCS Ownership is not subject to any lien, pledge or other encumbrance.

 

Section 3.4 Non-Contravention. The execution, delivery and performance of this Agreement will not conflict with, violate or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both would constitute a default) under, or result in the termination of or accelerate the performance required by, or result in a right of termination or acceleration under, any provision of the organizational or governing documents of WCS or other agreement enforceable against WCS or the Zallen Parties.

 

Section 3.5 Purchase for Own Account. The Zallen Parties are acquiring the Shares for his own account and not with a view to the distribution thereof in violation of the Securities Act.

 

  

- 4 -

  

Section 3.6 Private Placement. The Zallen Parties understand that (i) the Shares have not been registered under the Securities Act or any state securities laws, by reason of their issuance by the Company in a transaction exempt from the registration requirements thereof and (ii) the Shares may not be sold unless such disposition is registered under the Securities Act and applicable state securities laws or is exempt from registration thereunder.

 

Section 3.7 Legend. The certificate representing the Share will bear a legend to the following effect:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. THE SHARES HAVE BEEN ACQUIRED FOR INVESTMENT AND NEITHER THIS SHARE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.”

 

Section 3.8 Documentation.  All documentation and information delivered to the Company regarding WCS is true and accurate in all material respects including without limitation Exhibit A attached hereto.

 

Section 3.9 Financial Statements.  The financial statements showing the assets and liabilities of WCS are true and complete in all material respects.

 

Section 3.10 Environmental Matters.  To the Knowledge of WCS and the Zallen Parties, the conduct of WCS’s operations and its operation of the Business, have at all times complied in all material respects with all applicable foreign, federal, state and local statutes, laws, ordinances, judgments, decrees, orders, rules, regulations, policies and guidelines relating to pollution, environmental protection, hazardous substances, human health and safety, and related matters (collectively, the “Environmental Legal Requirements”).  Neither WCS nor the Zallen Parties have  received any notice from any governmental authority or any other person of any alleged violation or noncompliance by WCS of any liabilities or potential liabilities of WCS arising under the Environmental Legal Requirements.  For purposes of this Section 3.10, “hazardous substance “ means any substance which is included within the definition of a “hazardous substance,” “pollutant,” “toxic substance,” “toxic waste,” “hazardous waste,” “contaminant,” or other words of similar import in any federal or state environmental law, statute, ordinance, rule or regulation.

 

Section 3.11 Due on Sale.  The transactions contemplated by this Agreement and the consummation of those transactions will not violate or trigger any due on sale provisions of any mortgage, trust deed, or similar document to which real property owned by WCS is subject.

 

Section 3.12 No Contract Violation.  The transactions contemplated by this Agreement and the consummation of those transactions will not violate any contract including without limitation any rental contracts, sales contracts or leasing contracts with respect to the tenants or condo owners of real property owned by WCS, nor operate to allow tenants or condo owners of such property to cancel their obligations with WCS.

 

  

- 5 -

  

 

ARTICLE IV

 

ADDITIONAL AGREEMENTS

 

Section 4.1 Name Change and Increase in Authorized Shares.  Documents have been prepared and filed with the Securities and Exchange Commission for the purpose of initiating the process of changing the name of the Company to Grow Condos,  Inc. and increasing the authorized common shares of the Company to 100,000,000 common shares having a par value of $.001 per share.  The parties agree that they will support this process as necessary until the name change and the increase in authorized shares has been accomplished.

 

 

ARTICLE V

 

CONDITIONS TO EXCHANGE CLOSING

 

Section 5.1 Conditions to Each Party’s Obligation To Effect the Exchange. The respective obligations of the parties hereunder to effect the Exchange shall be subject to the following condition:

 

(a)  No Injunctions or Restraints; Illegality. No order, injunction or decree issued by any court or agency of competent jurisdiction or other law preventing or making illegal the consummation of the Exchange shall be in effect.

 

 

(b) Representations and Warranties.  All representations and Warranties shall be true and correct as of the Exchange Closing Date and Time.

 

 

ARTICLE VI

 

MISCELLANEOUS

 

Section 6.1 Further Assurances. Each party hereto shall do and perform or cause to be done and performed all further acts and shall execute and deliver all other agreements, certificates, instruments and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

Section 6.2 Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is duly executed and delivered by the parties to this Agreement. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

 

Section 6.3 Fees and Expenses. Each party hereto shall pay all of its own fees and expenses (including attorneys’ fees) incurred in connection with this Agreement and the transactions contemplated hereby.  Fees associated with Section 4.1 shall be paid as determined in good faith between the parties.

 

  

- 6 -

  

Section 6.4 Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, provided that neither party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the consent of the other party hereto.

 

Section 6.5 Indemnification.  Each party to this Agreement (the “Indemnifying Party”) will indemnify, defend, protect and hold harmless every other party to  this Agreement (the “Indemnified Party”) together with the Indemnified Party’s affiliates, shareholders, managers, directors, officers, employees, representatives and members for, from and against any and all losses, costs, expenses, claims, damages, actions, suits, proceedings, hearings, investigations, charges, complaints, demands, injunctions, judgments, orders, decrees, rulings, directions, dues, penalties, fines, amounts paid in settlement, liabilities, obligations, taxes, liens, losses, and fees, court costs, reasonable obligations and liabilities, including interest, penalties and reasonable attorneys fees and disbursements (“Damages”), arising out of, based upon or otherwise in respect of any inaccuracy in or breach of any representation or warranty of the Indemnifying Party made in or pursuant to this Agreement.

 

Section 6.6 Governing Law. This Agreement shall be governed and construed in accordance with the internal laws of the State of Nevada applicable to contracts made and wholly performed within such state, without regard to any applicable conflicts of law principles. The parties hereto agree that any suit, action or proceeding brought by either party to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in any federal or state court located in the State of Nevada. Each of the parties hereto submits to the jurisdiction of any such court in any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of, or in connection with, this Agreement or the transactions contemplated hereby and hereby irrevocably waives the benefit of jurisdiction derived from present or future domicile or otherwise in such action or proceeding. Each party hereto irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

 

Section 6.7 Waiver Of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 6.8 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, both oral and written, between the parties and/or their affiliates with respect to the subject matter of this Agreement.

 

Section 6.9 Effect of Headings. The Article and Section headings herein are for convenience only and shall not affect the construction hereof.

 

  

- 7 -

  

Section 6.10 Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be deemed to be excluded from this Agreement and the balance of this Agreement shall be interpreted as if such provision were so excluded and shall be enforced in accordance with its terms to the maximum extent permitted by law.

 

Section 6.11 Counterparts; Third Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures were upon the same instrument. No provision of this Agreement shall confer upon any person other than the parties hereto any rights or remedies hereunder.

 

Section 6.12 Specific Performance. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms. It is accordingly agreed that the parties shall be entitled to seek specific performance of the terms hereof, this being in addition to any other remedies to which they are entitled at law or equity.

 

Section 6.13 Survival of Representations and Warranties.  The representations and warranties of the parties contained in this Agreement will survive the Exchange Closing until two years after the Exchange Closing Date and Time.

 

 

[Remainder of page intentionally left blank]

 

 

 

 

 

 

 

 

  

- 8 -

  

 

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

 

 

FANATIC FANS, INC.

 

/s/ Jeff Holmes

__________________________________

By: Jeff Holmes, CEO

WCS ENTERPRISES, LLC

/s/ Wayne A. Zallen

__________________________________

By:  Wayne A. Zallen, Managing Director

WAYNE A. ZALLEN

/s/ Wayne A. Zallen

__________________________________

By:  Wayne A. Zallen, Individual

DAVID TOBIAS

/s/ David Tobias

__________________________________

By:  David Tobias, Individual

CARL SANKO

/s/ Carl Sanko

__________________________________

By:  Carl Sanko, Individual

  

- 9 -

  

 

EXHIBIT  A

WCS Enterprises, LLC is a real estate purchaser, developer and manager of specific use industrial properties providing “Condo” style turn-key aeroponic grow facilities to support Cannabis Farmers. The Company intends to own, lease, sell and manage multi- tenant properties so as to reduce the risk of ownership and reduce costs to the tenants and owners.  The Company is not involved in the growing, distribution or sale of Cannabis.  Like during the gold rush days in California the Company intends to focus on a pick and shovel approach to participate in the exploding Marijuana industry.  The Company intends to finance the purchase or development of properties by offering to investors as sponsor private placements, debt instruments or limited partnerships. The Company believes there is significant investor demand for such opportunities. WCS Enterprises, LLC is out aggressively looking at other possible acquisitions in Oregon, Colorado, Washington, California and Nevada.

WCS Enterprises, LLC believes over the next 5 -10 years there will be tremendous demand for Indoor Aeroponic Grow facilities that specifically meet the needs of the cannabis farmer.  By January 2013 in Colorado the state approved and issued 739 licenses to grow marijuana. (Time Online by Brad Tuttle Jan 08, 2013) There are estimates that in Colorado alone that there is over 2.3 million square feet of indoor warehouse space dedicated to growing marijuana.  The state of Washington is set to come on line selling recreational marijuana in June of 2014 and is expected to have even bigger revenues and higher demand than Colorado.  It is expected that over 1,000 grow sites will be needed to meet demand.  The Company believes providing specialized indoor space with turn-key services to help individuals or businesses become a cannabis farmer will return higher than market leases and sales prices for real estate that is zoned for Cannabis growers.  As public opinion across the country continues to favor the legalization of marijuana and state tax revenues are collected in Colorado and Washington other states will be hard pressed not to follow suit marijuana growers.  WCS Enterprises, LLC is out aggressively looking at other possible acquisitions in Oregon, Colorado, Washington, California and Nevada.

WCS Enterprises, LLC intends to finance the purchase or development of properties by offering to investors as sponsor private placements, debt instruments or limited partnerships. The Company believes there is significant investor demand for such opportunities.   Investors of real property in the Marijuana space can expect income and capital gains through the investment in limited partnerships sponsored by the Company.

WCS Enterprises, LLC is the owner of the real property described as follows:

Parcel Two (2) of Partition Plat No. P-64-2004, recorded October 5, 2004, in Record of Partition Plats of Jackson County, Oregon, and filed as Survey no. 18451, in the Office of the County Surveyor.  The real property or its address is commonly known as 712 W Dutton Rd, Eagle Point, OR 97524. The real property tax identification number is 1-097947-2.

 

 

 

 

  

- 10 -

  

 

EXHIBIT B

 

 

Name of Stock Recipient                                                                                     Number of Shares

 

Wayne A. Zallen                                                                                                     18,369,000

 

David Tobias                                                                                                             1,632,800

 

Carl Sanko                                                                                                                     408,200

 

 

 

  

- 11 -

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