Document:

[HSBC LOGO]

HSBC Bank USA, National Association
452 Fifth Avenue
New York, NY 10018
Fax: (212) 525-0673

                                                                     May 9, 2006

JPMorgan Chase Bank, National Association,
not in its individual capacity
but solely in its capacity as
Trustee for the benefit of the
RAMP Series 2006-RS3 Trust

600 Travis, 9th Floor
Houston, Texas 77002
Attn: Joanne M. Murray
Fax: 713-216-4880
Tel: 713-216-2177

Cc: Josie Knorr
Fax: 952-352-0503

Subject: Interest Rate Swap

Transaction Reference Number: 396875HN

The purpose of this letter agreement (this "Confirmation") is to confirm the
terms and conditions of the transaction entered into between us on the Trade
Date specified below, and subsequently amended as set out below (the
"Transaction") between HSBC Bank USA, N.A. ("HSBC") and JPMorgan Chase Bank,
National Association, not in its individual capacity, but solely as Trustee for
the benefit of RAMP Series 2006-RS3 Trust. This Confirmation constitutes a
"Confirmation" as referred to in the ISDA Form Master Agreement (as defined
below), as well as a "Schedule" as referred to in the ISDA Form Master
Agreement. In this Confirmation "Party A" means HSBC and "Party B" means
JPMorgan Chase Bank, National Association, not in its individual capacity, but
solely in its capacity as Trustee for the benefit of the RAMP Series 2006-RS3
Trust.

          1. This Agreement is subject to and incorporates the 2000 ISDA
          Definitions (the "Definitions"), as published by the International
          Swaps and Derivatives Association, Inc. ("ISDA"). You and we have
          agreed to enter into this Agreement in lieu of negotiating a Schedule
          to the 1992 ISDA Master Agreement (Multicurrency--Cross Border) form
          (the "ISDA Form Master Agreement") but, rather, an ISDA Form Master
          Agreement shall be deemed to have been executed by you and us on the
          date we entered into the Transaction. In the event of any
          inconsistency between the provisions of this Agreement and the
          Definitions or the ISDA Form Master Agreement, this Agreement shall
          prevail for purposes of the Transaction. Terms used and not otherwise
          defined herein, in the ISDA Form Master Agreement or the Definitions
          shall have the meanings assigned to them in the Pooling and Servicing
          Agreement, dated as of April 1, 2006, among Residential Asset Mortgage
          Products, Inc., as Depositor, Residential Funding Corporation, as
          Master Servicer, and JPMorgan Chase Bank, National Association, as
          trustee (the "Pooling and

          Servicing Agreement"). Each reference to a "Section" or to a "Section"
          "of this Agreement" will be construed as a reference to a Section of
          the 1992 ISDA Form Master Agreement.

          Each of Party A and Party B represents to the other that it has
          entered into this Transaction in reliance upon such tax, accounting,
          regulatory, legal, and financial advice as it deems necessary and not
          upon any view expressed by the other and, in the case of Party B, it
          has entered into this transaction pursuant to the direction received
          by it pursuant to the Pooling and Servicing Agreement.

          2. The terms of the particular Transaction to which this Confirmation
          relates are as follows:

Notional Amount:               The amount as set forth in Exhibit I, which is
                               attached hereto and incorporated by reference
                               into this Confirmation

Trade Date:                    May 4, 2006

Effective Date:                May 9, 2006

Termination Date:              December 25, 2011, subject to adjustment in
                               accordance with the Following Business Day
                               Convention

Fixed Amounts:

   Fixed Amount Payer:         Party B

   Fixed Rate Payer
   Period End Dates:           The 25th calendar day of month, commencing on May
                               25, 2006 and ending on the Termination Date,
                               inclusive, subject to adjustment in accordance
                               with the Following Business Day Convention

   Fixed Rate Payer
   Payment Date:               Early Payment - Two (2) Business Day preceding
                               each Floating Rate Payer Period End Date

   Fixed Rate:                 5.380000 %

   Fixed Rate
   Day Count Fraction:         30/360

Floating Amounts:

                                       2

   Floating Rate Payer:        Party A

   Floating Rate Payer
   Period End Dates:           The 25th calendar day of each month, commencing
                               on May 25, 2006 and ending on the Termination
                               Date, inclusive, subject to adjustment in
                               accordance with the Following Business Day
                               Convention

   Floating Rate Payer
   Payment Dates:              Early Payment - Two (2) Business Day preceding
                               each Floating Rate Payer Period End Date.

   Floating Rate Option:       USD-LIBOR-BBA

   Designated Maturity:        One month

   Floating Rate for Initial
   Calculation Period:         To be determined

   Spread:                     None

   Day Count Fraction:         Actual/360

   Reset Dates:                The first day of each Calculation Period

   Compounding:                Inapplicable

Business Days:                 New York

Calculation Agent:             As specified in the Agreement

Additional Payment:            Party B agrees to pay USD 795,000.00 to
                               Party A for value May 9, 2006, subject to
                               adjustment in accordance with the Following
                               Business Day Convention.

3. Provisions Deemed Incorporated in a Schedule to the ISDA Form Master
Agreement:

1) The parties agree that subparagraph (ii) of Section 2(c) of the ISDA Form
Master Agreement will apply to any Transaction.

2) TERMINATION PROVISIONS. For purposes of the ISDA Form Master Agreement:

(a) "SPECIFIED ENTITY" is not applicable to Party A or Party B for any purpose.

                                       3

(b) "SPECIFIED TRANSACTION" is not applicable to Party A or Party B for any
purpose, and, accordingly, Section 5(a)(v) shall not apply to Party A or Party
B.

(c) The "CROSS DEFAULT" provisions of Section 5(a)(vi) shall not apply to Party
A or Party B.

(d) The "CREDIT EVENT UPON MERGER" provisions of Section 5(b)(iv) will not apply
to Party A or Party B.

(e) With respect to Party B, the "BANKRUPTCY" provision of Section 5(a)(vii)(2)
of the ISDA Form Master Agreement shall not apply.

(f) The "AUTOMATIC EARLY TERMINATION" provision of Section 6(a) will not apply
to Party A or to Party B.

(g) PAYMENTS ON EARLY TERMINATION. For the purpose of Section 6(e) of the ISDA
Form Master Agreement:

     (i) Market Quotation will apply.

     (ii) The Second Method will apply.

(h) "Termination Currency" means United States Dollars.

(i) EVENTS OF DEFAULT. The provisions of Sections 5(a)(ii), 5(a)(iii) and
5(a)(iv) shall not apply to Party B. The provisions of Sections 5(a)(ii) and
5(a)(iv) shall not apply to Party A.

(j) TAX EVENT. The provisions of Section 2(d)(i)(4) and 2(d)(ii) of the printed
ISDA Form Master Agreement shall not apply to Party A or Party B and neither
Party A nor Party B shall be required to pay any additional amounts referred to
therein.

3) TAX REPRESENTATIONS.

(a) PAYER REPRESENTATIONS. For the purpose of Section 3(e) of the ISDA Form
Master Agreement, Party A and Party B will make the following representations:

It is not required by any applicable law, as modified by the practice of any
relevant governmental revenue authority, of any Relevant Jurisdiction to make
any deduction or withholding for or on account of any Tax from any payment
(other than interest under Section 2(e), 6(d)(ii) or 6(e) of the ISDA Form
Master Agreement) to be made by it to the other party under this Agreement. In
making this representation, it may rely on:

     (i) the accuracy of any representations made by the other party pursuant to
     Section 3(f) of the ISDA Form Master Agreement;

     (ii) the satisfaction of the agreement contained in Section 4(a)(iii) of
     the ISDA Form Master Agreement and the accuracy and effectiveness of any
     document provided by the other party pursuant to Section 4(a)(iii) of the
     ISDA Form Master Agreement; and

     (iii) the satisfaction of the agreement of the other party contained in
     Section 4(d) of the ISDA Form Master Agreement, provided that it shall not
     be a breach of this representation

                                       4

     where reliance is placed on clause (ii) and the other party does not
     deliver a form or document under Section 4(a)(iii) by reason of material
     prejudice to its legal or commercial position.

(b) PAYEE REPRESENTATIONS. For the purpose of Section 3(f) of the ISDA Form
Master Agreement, each of Party A and Party B make the following
representations.

     The following representation will apply to Party A:

          Party A is a national banking association organized under the federal
          laws of the United States and its U.S. taxpayer identification number
          is 20-1177241.

          The following representation will apply to Party B:

          JPMorgan Chase Bank, National Association is the Trustee under the
          Pooling and Servicing Agreement.

4) LIMITATION ON EVENTS OF DEFAULT. Notwithstanding the terms of Sections 5 and
6 of the ISDA Form Master Agreement, if at any time and so long as Party B has
satisfied in full all its payment obligations under Section 2(a)(i) of the ISDA
Form Master Agreement and has at the time no future payment obligations, whether
absolute or contingent, under such Section, then unless Party A is required
pursuant to appropriate proceedings to return to Party B or otherwise returns to
Party B upon demand of Party B any portion of any such payment, (a) the
occurrence of an event described in Section 5(a) of the ISDA Form Master
Agreement with respect to Party B shall not constitute an Event of Default or
Potential Event of Default with respect to Party B as Defaulting Party and (b)
Party A shall be entitled to designate an Early Termination Date pursuant to
Section 6 of the ISDA Form Master Agreement only as a result of the occurrence
of a Termination Event set forth in either Section 5(b)(i) with respect to
either Party A or Party B as the Affected Party.

5) DOCUMENTS TO BE DELIVERED. For the purpose of Section 4(a)(i) and 4(a)(iii):

(1) Tax forms, documents, or certificates to be delivered are:

PARTY REQUIRED TO DELIVER   FORM/DOCUMENT/
DOCUMENT                    CERTIFICATE                              DATE BY WHICH TO BE DELIVERED
----------------------------------------------------------------------------------------------------------

Party A and                 Any document required or reasonably      Promptly after the earlier of (i)
Party B                     requested to allow the other party to    reasonable demand by either party
                            make payments under this Agreement       or (ii) learning that such form or
                            without any deduction or withholding     document is required.
                            for or on the account of any Tax or
                            with such deduction or withholding at
                            a reduced rate.

(2) Other documents to be delivered are:

                                        5

HSBC Bank USA, National Association

 PARTY REQUIRED TO                FORM/DOCUMENT/                                               COVERED BY SECTION
  DELIVER DOCUMENT                 CERTIFICATE                DATE BY WHICH TO BE DELIVERED   3(D) REPRESENTATION
-------------------   -------------------------------------   -----------------------------   -------------------

Party A and Party B   Any documents to evidence the           Upon the execution and          Yes
                      authority of the delivering party for   delivery of this Agreement
                      it to execute and deliver this          and such Confirmation.
                      Confirmation.

Party A and Party B   A certificate of an authorized          Upon the execution and          Yes
                      officer of the party, as to the         delivery of this
                      incumbency and authority of the         Confirmation.
                      respective officers of the party
                      signing this Confirmation.

Party A               Legal opinion(s) with respect to such   Upon the execution and          No
                      party and its Credit Support            delivery of this Agreement.
                      Provider, if any, for it, reasonably
                      satisfactory in form and substance to
                      the other party relating to the
                      enforceability of the party's
                      obligations under this Agreement.

Party A and Party B   Indemnification agreement executed by   Concurrently with the           No
                      each of Party A, Residential Asset      printing of any preliminary
                      Mortgage Products, Inc. and             prospectus supplement and the
                      Residential Funding Corporation with    prospectus supplement related
                      respect to information included in      to the Class A and Class M
                      any preliminary prospectus supplement   Certificates.
                      and the prospectus supplement related
                      to the Class A Certificates and Class
                      M Certificates.

Party A               A copy of the most recent annual        Promptly after request by the   Yes
                      report of such party (only if           other party.
                      available) and its Credit Support
                      Provider, if any, containing in all
                      cases audited consolidated financial
                      statements for each fiscal year
                      certified by independent certified
                      public accountants and prepared in

                                             6

HSBC Bank USA, National Association

 PARTY REQUIRED TO                FORM/DOCUMENT/                                               COVERED BY SECTION
  DELIVER DOCUMENT                 CERTIFICATE                DATE BY WHICH TO BE DELIVERED   3(D) REPRESENTATION
-------------------   -------------------------------------   -----------------------------   -------------------

                      accordance with generally accepted
                      accounting principles in the United
                      States or in the country in which
                      such party is organized.

Party B               Each other report or other document     Promptly upon request by        Yes
                      required to be delivered by or to       Party A, or with respect to
                      Party B under the terms of the          any particular type of report
                      Pooling and Servicing Agreement,        or other document as to which
                      other than those required to be         Party A has previously made
                      delivered directly by the Trustee to    request to receive all
                      Party A thereunder.                     reports or documents of that
                                                              type, promptly upon delivery
                                                              or receipt of such report or
                                                              document by Party B.

6)   OTHER PROVISIONS.

(a) ADDRESS FOR NOTICES: For the purposes of Section 12(a) of this Agreement:

     Address for notices or communications to Party A:

     Address:     452 Fifth Avenue, New York, NY  10018
     Attention:   Christian McGreevy
     Facsimile:   212-525-8710
     Telephone:   212-525-5517

     Please direct all settlement inquiries to:

          HSBC Bank USA, National Association
          Derivative Settlements
          Attention:   Jeffrey Lombino
          Telephone:   (212) 525-5393
          Fax:         (212) 525-6903

                                        7

HSBC Bank USA, National Association

Address for notices or communications to Party B:

          Address:         RAMP Series 2006-RS3 Trust
                           c/o JPMorgan Chase Bank, National Association
                           600 Travis Street, 9th Floor
                           Houston, Texas 77002
                           Attn:  Joanne M. Murray
                           Facsimile No.: 713-216-4880
                           Telephone No: 713-216-2177

          with a copy to:

          Address:         Residential Funding Corporation
                           8400 Normandale Lake Blvd.
                           Minneapolis, MN 55437
          Attention:       Josie Knorr
          Facsimile No.:   952-352-0503
          Telephone No:    952-857-6560

          (For all purposes)

(b) PROCESS AGENT. For the purpose of Section 13(c):

          Party A appoints as its Process Agent: Not Applicable
          Party B appoints as it Process Agent: Not Applicable

(c) OFFICES. The provisions of Section 10(a) will not apply to this Agreement;
for purposes of this Transaction, it will be deemed that neither Party A nor
Party B have any Offices other than as set forth in the Notices Section and
Party A agrees that, for purposes of Section 6(b) of the ISDA Form Master
Agreement, it shall be deemed not to have any Office other than one in the
United States.

(d) MULTIBRANCH PARTY. For the purpose of Section 10(c) of the ISDA Form Master
Agreement:

     Party A is not a Multibranch Party.

     Party B is not a Multibranch Party.

(e) CALCULATION AGENT. The Calculation Agent is Party A; provided however, if an
Event of Default has occurred with respect to Party A, then Party B or a
Reference Market-maker designated by Party B shall be Calculation Agent.

(f) CREDIT SUPPORT DOCUMENT. Initially with respect to Party A, not applicable;
however, if required pursuant to Paragraph 3(6)(r)(iv) hereof, a guaranty or
Credit Support Annex satisfactory to Party B and the Rating Agencies. With
respect to Party B, not applicable.

                                        8

(g) CREDIT SUPPORT PROVIDER.

    Party A: Not Applicable

    Party B:  Not Applicable

(h) GOVERNING LAW. The parties to this ISDA Agreement hereby agree that the law
of the State of New York shall govern their rights and duties in whole, without
regard to the conflict of law provisions thereof other than New York General
Obligations Law Sections 5-1401 and 5-1402.

(i) NON-PETITION. Party A hereby irrevocably and unconditionally agrees that it
will not institute against, or join any other person in instituting against or
cause any other person to institute against the RAMP Series 2006-RS3 Trust or
Party B in its capacity as trustee, any bankruptcy, reorganization, arrangement,
insolvency, or similar proceeding under the laws of the United States, or any
other jurisdiction for the non-payment of any amount due hereunder or any other
reason until the payment in full of the Certificates (as defined in the Pooling
and Servicing Agreement) and the expiration of a period of one year plus ten
days (or, if longer, the applicable preference period) following such payment.
The provisions of this section shall survive the termination of this Agreement.

(j) NON-RECOURSE PROVISIONS. Notwithstanding anything to the contrary contained
herein, none of Party B or any of its officers, directors, or shareholders (the
"Non-recourse Parties") shall be personally liable for the payment by or on
behalf of the Issuer hereunder, and Party A shall be limited to a proceeding
against the Collateral or against any other third party other than the
Non-recourse Parties, and Party A shall not have the right to proceed directly
against the Issuer for the satisfaction of any monetary claim against the
Non-recourse Parties or for any deficiency judgment remaining after foreclosure
of any property included in such Collateral and following the realization of the
Collateral, any claims of Party A shall be extinguished. The provisions of this
Section shall survive the termination of this Agreement.

(k) SEVERABILITY. If any term, provision, covenant, or condition of this
Agreement, or the application thereof to any party or circumstance, shall be
held to be invalid or unenforceable (in whole or in part) for any reason, the
remaining terms, provisions, covenants, and conditions hereof shall continue in
full force and effect and shall remain applicable to all other parties and
circumstances as if this Agreement had been executed with the invalid or
unenforceable portion eliminated, so long as this Agreement as so modified
continues to express, without material change, the original intentions of the
parties as to the subject matter of this Agreement and the deletion of such
portion of this Agreement will not substantially impair the respective benefits
or expectations of the parties.

The parties shall endeavor to engage in good faith negotiations to replace any
invalid or unenforceable term, provision, covenant or condition with a valid or
enforceable term, provision, covenant or condition, the economic effect of which
comes as close as possible to that of the invalid or unenforceable term,
provision, covenant or condition.

(l) CONSENT TO RECORDING. Each party hereto consents to the monitoring or
recording, at any time and from time to time, by the other party of any and all
communications between officers or employees of the parties, waives any further
notice of such monitoring or recording, and agrees to notify its officers and
employees of such monitoring or recording.

                                        9

(m) WAIVER OF JURY TRIAL. Each party to this Agreement respectively waives any
right it may have to a trial by jury in respect of any Proceedings relating to
this Agreement, any Credit Support Document or any of the transactions
contemplated hereby.

(n) SET-OFF. Notwithstanding any provision of this Agreement or any other
existing or future agreement, each party irrevocably waives any and all rights
it may have to set off, net, recoup or otherwise withhold or suspend or
condition payment or performance of any obligation between it and the other
party hereunder against any obligation between it and the other party under any
other agreements. The provisions for Set-off set forth in Section 6(e) of the
ISDA Form Master Agreement shall not apply for purposes of this Transaction.

(o) TRUSTEE LIABILITY LIMITATIONS. Notwithstanding anything herein to the
contrary, it is expressly understood and agreed by the parties hereto that (a)
this Agreement is executed and delivered by JPMorgan Chase Bank, National
Association ("JPMorgan"), not individually or personally but solely as Trustee
of Party B, in the exercise of the powers and authority conferred and vested in
it and that JPMorgan shall perform its duties and obligations hereunder in
accordance with the standard of care set forth in Article VIII of the Pooling
and Servicing Agreement, (b) each of the representations, undertakings and
agreements herein made on the part of Party B is made and intended not as
personal representations, undertakings and agreements by JPMorgan but is made
and intended for the purpose of binding only Party B, (c) nothing herein
contained shall be construed as creating any liability on JPMorgan, individually
or personally, to perform any covenant either expressed or implied contained
herein, all such liability, if any, being expressly waived by the parties hereto
and by any Person claiming by, through or under the parties hereto; provided
that nothing in this paragraph shall relieve JPMorgan from performing its duties
and obligations under the Pooling and Servicing Agreement in accordance with the
standard of care set forth therein, and (d) under no circumstances shall
JPMorgan be personally liable for the payment of any indebtedness or expenses of
Party B or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by Party B under this
Agreement or any other related documents.

(p) "AFFILIATE" will have the meaning specified in Section 14 of the ISDA Form
Master Agreement, provided that Party A and Party B shall not be deemed to not
have any Affiliates for purposes of this Agreement, including for purposes of
Section 6(b)(ii).

(q) Section 3 of the ISDA Form Master Agreement is hereby amended by adding at
the end thereof the following subsection (g):

     "(g) Relationship Between Parties. Each party represents to the other party
     on each date when it enters into a Transaction that:--

          (1) Nonreliance. (i) It is not relying on any statement or
          representation of the other party regarding the Transaction (whether
          written or oral), other than the representations expressly made in
          this Agreement or the Confirmation in respect of that Transaction and
          (ii) it has consulted with its own legal, regulatory, tax, business,
          investment, financial and accounting advisors to the extent it has
          deemed necessary, and it has made its own investment, hedging and
          trading decisions based upon its own judgment and upon any advice from
          such advisors as it has deemed necessary and not upon any view
          expressed by the other party.

                                       10

          (2) Evaluation and Understanding.

          (i) It has the capacity to evaluate (internally or through independent
          professional advice) the Transaction and has made its own decision to
          enter into the Transaction and in the case of Party B, it has been
          directed by the Pooling and Servicing Agreement to enter into this
          Transaction; and

          (ii) It understands the terms, conditions and risks of the Transaction
          and is willing and able to accept those terms and conditions and to
          assume those risks, financially and otherwise.

          (3) Purpose. It is entering into the Transaction for the purposes of
          managing its borrowings or investments, hedging its underlying assets
          or liabilities or in connection with a line of business.

          (4) Status of Parties. The other party is not acting as agent,
          fiduciary or advisor for it in respect of the Transaction,

          (5) Eligible Contract Participant. It is an "eligible swap
          participant" as such term is defined in Section 35.1(b)(2) of the
          regulations (17 C.F.R 35) promulgated under, and it constitutes an
          "eligible contract participant" as such term is defined in Section
          1(a)12 of the Commodity Exchange Act, as amended."

(r) The ISDA Form Master Agreement is hereby amended as follows

     (i) The word "third" shall be replaced by the word "second" in the third
line of Section 5(a)(i) of the ISDA Form Master Agreement.

     (ii) TRANSFER, AMENDMENT AND ASSIGNMENT. No transfer, amendment, waiver,
supplement, assignment or other modification of this Transaction shall be
permitted by either party (other than a change of Counterparty in connection
with a change of Trustee in accordance with the Pooling and Servicing Agreement)
unless each of Moody's Investors Service, Inc. ("Moody's") and Standard and
Poor's, a Division of the McGraw Hill Companies ("S&P"), has been provided
notice of the same and confirms in writing (including by facsimile transmission)
that it will not downgrade, qualify, withdraw or otherwise modify its
then-current rating of the RAMP Series 2006-RS3 Trust, Mortgage Asset-Backed
Pass-Through Certificates, Series 2006-RS3 (the "Certificates").

     (iii) ADDITIONAL TERMINATION EVENTS. Additional Termination Events will
apply: if a Rating Agency Downgrade has occurred and Party A has not complied
with Paragraph 3(6)(r)(iv) below within the time specified therein, then an
Additional Termination Event shall have occurred with respect to Party A and
Party A shall be the sole Affected Party with respect to such an Additional
Termination Event.

                                       11

     (iv) RATING AGENCY DOWNGRADE. In the event that (1) Party A's short-term
unsecured and unsubordinated debt rating is reduced below "A-1" by S&P (or if
its short-term rating is not available by S&P, in the event that its long-term
unsecured and unsubordinated debt rating is reduced below "A+" by S&P) or (2)
its short-term unsecured and unsubordinated debt rating is reduced below "P1" by
Moody's (or, if its short-term rating is not available by Moody's, its long-term
unsecured and unsubordinated debt rating is withdrawn or reduced below "A1" by
Moody's) (and together with S&P, the "Cap Rating Agencies", and such rating
thresholds, "Approved Rating Thresholds"), then within 30 days after such rating
withdrawal or downgrade (unless, within 30 days after such withdrawal or
downgrade each Cap Rating Agency has reconfirmed its rating for Party A which
was in effect immediately prior to such withdrawal or downgrade), Party A shall,
subject to the Rating Agency Condition, at its own expense:

          (a) assign this Transaction to another counterparty, which
counterparty shall have the Approved Rating Thresholds and shall have been
approved by Party B on terms substantially similar to the terms of this
Confirmation;

          (b) obtain guaranty of, or a contingent agreement of another person
with the Approved Rating Thresholds, to honor Party A's obligations under this
Confirmation; provided that such other person has been approved by Party B;

          (c) post collateral which will be sufficient to the applicable Cap
Rating Agency to maintain or restore the ratings of the Certificates existing
immediately prior to such withdrawal or downgrade of Party A's ratings; or

          (d) establish any other arrangement satisfactory to Party B and each
Cap Rating Agency, in each case, sufficient to maintain or restore the ratings
of the Certificates existing immediately prior to such withdrawal or downgrade
of Party A's ratings.

          Notwithstanding the previous paragraph, in the event that Party A's
short-term unsecured and unsubordinated debt rating is withdrawn or reduced
below "A-3" by S&P or, if there is no short-term rating, its long-term unsecured
and unsubordinated debt rating is withdrawn or reduced below "BBB-" by S&P, then
within 10 days of such rating withdrawal or downgrade (unless, within 10 days
after such withdrawal or downgrade S&P has reconfirmed the rating of the
Certificates which was in effect immediately prior to such withdrawal or
downgrade), Party A shall, subject to the Rating Agency Condition, at its own
expense, assign this Transaction to another counterparty with the Approved
Rating Thresholds and approved by Party B on terms substantially similar to this
Confirmation and obtain a confirmation from S&P that such action is sufficient
to maintain or restore the immediately prior ratings of the Certificates.

          For purposes of these provisions, "Rating Agency Condition" means,
with respect to any particular proposed act or omission to act hereunder in
connection with a withdrawal or downgrade of any of Party A's ratings as
described above that Party A must consult with each of the Cap Rating Agencies
then providing a rating of the Certificates that has reduced Party A's ratings
as described above (or with respect to any action pursuant to clause (d), each
Cap Rating Agency) and receive from each such Cap Rating Agency a written
confirmation, prior to taking any such action, that such withdrawal or downgrade
of any of Party A's ratings, after giving effect to any such proposed action or
omission, would not cause a downgrade or withdrawal of the ratings of the
Certificates existing immediately prior to such withdrawal or downgrade of Party
A's ratings.

                                       12

4.   ACCOUNT DETAILS:

          Payments to Party A:         HSBC Bank USA, National Association
                                       ABA # 021-001-088
                                       For credit to Department 299
                                       A/C: 000-04929-8
                                       HSBC Derivative Products Group

          Payments to Party B:         JPMorgan Chase Bank, National Association
                                       ABA Number: 113000609
                                       DDA: 00103409232
                                       Texco Structured Finance
                                       Reference: RAMP Series 2006-RS3
                                       Attn:  Joanne M. Murray

5.   Office:

     Party A is acting through its New York Office for the purposes of this
     Transaction.

6.   Please confirm that the forgoing correctly sets forth the terms of our
     agreement by having an authorized officer sign this Confirmation and return
     it via facsimile to:

          HSBC Bank USA, National Association
          Attention:   Christian McGreevy
          Telephone:   (212) 525-8710
          Fax:         (212) 525-5517

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                                       13

[HSBC LOGO]

HSBC Bank USA, National Association
452 Fifth Avenue
New York, NY 10018
Fax: (212) 525-0673

This message will be the only form of Confirmation dispatched by us. Please
execute and return it to us by facsimile immediately. If you wish to exchange
hard copy forms of this Confirmation, please contact us.

Yours sincerely,

HSBC BANK USA, NATIONAL ASSOCIATION

By: /s/ Antonia Landgraf
    ---------------------------------
    Authorized Signature

Confirmed as of the date first written above:

RAMP Series 2006-RS3 Trust
          By: JPMorgan Chase Bank, National Association
          not in its individual capacity
          but solely in its capacity as
          Trustee for the benefit of the
          RAMP Series 2006-RS3 Trust

By: /s/ Joanne Murray
    ---------------------------------
    Name: Joanne Murray
    Title: Assistant Vice President

Attachment

                                       14

[HSBC LOGO]

HSBC Bank USA, National Association
452 Fifth Avenue
New York, NY 10018
Fax: (212) 525-0673

                                    EXHIBIT I

        For the Calculation Periods
-------------------------------------------   Notional Amount
From and including:*    To but excluding:*        in USD:
--------------------   --------------------   ---------------
  The Effective Date           May 25, 2006              0.00
        May 25, 2006          June 25, 2006    743,457,441.78
       June 25, 2006          July 25, 2006    734,802,864.04
       July 25, 2006        August 25, 2006    724,253,466.09
     August 25, 2006     September 25, 2006    711,849,824.06
  September 25, 2006       October 25, 2006    697,625,432.35
    October 25, 2006      November 25, 2006    681,634,124.89
   November 25, 2006      December 25, 2006    663,950,678.40
   December 25, 2006       January 25, 2007    644,662,478.44
    January 25, 2007      February 25, 2007    623,890,259.57
   February 25, 2007         March 25, 2007    602,923,581.57
      March 25, 2007         April 25, 2007    582,612,253.44
      April 25, 2007           May 25, 2007    562,987,955.26
        May 25, 2007          June 25, 2007    544,031,013.97
       June 25, 2007          July 25, 2007    525,718,469.86
       July 25, 2007        August 25, 2007    507,994,471.48
     August 25, 2007     September 25, 2007    490,856,448.45
  September 25, 2007       October 25, 2007    474,208,009.54
    October 25, 2007      November 25, 2007    458,116,189.10
   November 25, 2007      December 25, 2007    442,359,347.67
   December 25, 2007       January 25, 2008    424,501,180.93
    January 25, 2008      February 25, 2008    405,262,799.74
   February 25, 2008         March 25, 2008    386,857,123.97
      March 25, 2008         April 25, 2008    369,466,678.70
      April 25, 2008           May 25, 2008    353,152,811.04
        May 25, 2008          June 25, 2008    339,128,229.33
       June 25, 2008          July 25, 2008    326,931,345.06
       July 25, 2008        August 25, 2008    315,353,429.87
     August 25, 2008     September 25, 2008    304,213,679.53
  September 25, 2008       October 25, 2008    293,482,133.20
    October 25, 2008      November 25, 2008    283,143,079.59
   November 25, 2008      December 25, 2008    273,181,586.93
   December 25, 2008       January 25, 2009    263,583,249.88
    January 25, 2009      February 25, 2009    254,334,331.61
   February 25, 2009         March 25, 2009    245,421,019.77
      March 25, 2009         April 25, 2009    236,831,421.17
      April 25, 2009           May 25, 2009    228,553,104.66
        May 25, 2009          June 25, 2009    220,574,276.28
       June 25, 2009          July 25, 2009    212,883,653.78

                                       15

HSBC Bank USA, National AssociationMerrill Lynch

       July 25, 2009        August 25, 2009    205,470,407.77
     August 25, 2009     September 25, 2009    198,324,164.52
  September 25, 2009       October 25, 2009    191,434,891.78
    October 25, 2009      November 25, 2009    184,792,981.35
   November 25, 2009      December 25, 2009    178,389,200.81
   December 25, 2009       January 25, 2010    172,214,675.09
    January 25, 2010      February 25, 2010    166,260,874.81
   February 25, 2010         March 25, 2010    160,519,612.39
      March 25, 2010         April 25, 2010    154,982,998.19
      April 25, 2010           May 25, 2010    149,643,451.75
        May 25, 2010          June 25, 2010    144,493,688.86
       June 25, 2010          July 25, 2010    139,526,705.93
       July 25, 2010        August 25, 2010    134,735,768.63
     August 25, 2010     September 25, 2010    130,114,403.64
  September 25, 2010       October 25, 2010    125,656,380.72
    October 25, 2010      November 25, 2010    121,355,702.55
   November 25, 2010      December 25, 2010    117,206,526.70
   December 25, 2010       January 25, 2011    113,203,412.75
    January 25, 2011      February 25, 2011    109,340,689.32
   February 25, 2011         March 25, 2011    105,612,500.96
      March 25, 2011         April 25, 2011    102,013,945.94
      April 25, 2011           May 25, 2011     98,541,487.87
        May 25, 2011          June 25, 2011     95,190,529.71
       June 25, 2011          July 25, 2011     91,956,702.18
       July 25, 2011        August 25, 2011     88,835,766.45
     August 25, 2011     September 25, 2011     85,823,642.62
  September 25, 2011       October 25, 2011     82,916,407.64
    October 25, 2011      November 25, 2011     80,110,279.90
   November 25, 2011   The Termination Date     77,401,622.96

* All dates listed above (with the exception of the Effective Date), are subject
to adjustment in accordance with the Following Business Day Convention

                                       16Exhibit
10.1

M&F Worldwide Corp.

2005 Long
Term Incentive Plan

ARTICLE
1.    ESTABLISHMENT AND
PURPOSE

		
	1.1 	Establishment.    The
M&F Worldwide Corp. 2005 Long Term Incentive Plan is established
effective as of December  15,  2005, subject to approval by
the Company's shareholders. Awards may be made under the Plan
prior to shareholder approval of the Plan so long as such Awards are
subject to such shareholder approval. Awards may be made under the Plan
until December  31,  2010, unless the Plan is terminated
earlier by the Board. Subject to other applicable provisions of the
Plan, all Awards made under the Plan prior to such termination of the
Plan shall remain in effect until such Awards have been satisfied or
terminated in accordance with the Plan and the terms of such
Awards.

		
	1.2 	Purpose.    The
purpose of the Plan is to foster and promote the long-term financial
success of the Company and increase shareholder value by:
(a) strengthening the Company's capability to develop and
maintain a management team; (b) motivating superior performance
by means of long-term performance related incentives linked to business
performance of the Company or an Affiliate; (c) attracting and
retaining qualified personnel by providing incentive compensation
opportunities competitive with other similar companies; and (d)
enabling officers and other key employees to participate in the
long-term growth and financial success of the Company or an
Affiliate.

ARTICLE
2.    DEFINITIONS

The following Sections of this Article
provide terms used in this Plan, and whenever used herein in a
capitalized form, the terms shall be deemed to have the meanings set
forth in this Article. In addition, certain other terms used in the
Plan but not specifically defined in this Article have the definitions
given to them in the first place in which they are
used.

		
	2.1 	"Affiliate"
means any corporation, partnership, limited liability company,
association, joint-stock company, trust, unincorporated association or
other entity (other than the Company) that directly, or indirectly
through one or more intermediaries, controls, is controlled by, or is
under common control with the Company, including the subsidiaries of
the Company and other entities controlled by such
subsidiaries.

		
	2.2 	"Award"
means a grant under the Plan, based upon criteria specified by the
Committee. Awards shall be subject to the terms and conditions of the
Plan and shall be evidenced by an Award Agreement containing such
additional terms and conditions as the Committee shall deem
desirable.

		
	2.3 	"Award
Agreement" means any agreement, letter or other
instrument by which an Award is granted to a
Participant.

		
	2.4 	"Award
Cycle" means any period designated in an Award
Agreement as an "Award
Cycle."

		
	2.5 	"Award
Term" means the period designated in an Award
Agreement as the "Award
Term."

		
	2.6 	"Board"
means the Board of Directors of the
Company.

		
	2.7 	"Cause"
means the Company or an Affiliate having
"Cause" to terminate a Participant's
employment, as defined in any existing employment agreement between a
Participant and the Company or an Affiliate, or, in the absence of such
an employment agreement, one or more of the following: (i) continued
neglect by the Participant of the Participant's duties to the
Company or any Affiliate, (ii) conviction of the Participant of any
felony or any lesser crime or offense involving the property of the
Company or any Affiliates, (iii) willful misconduct by the Participant
in connection with the performance of any material portion of the
Participant's duties to the Company or any 

		
	 	
Affiliate, (iv) commission of any act of
fraud, personal dishonesty, disloyalty or defalcation, or usurpation of
an opportunity of the Company or any Affiliate, (v) any act that has a
material adverse effect upon the reputation of and/or the public
confidence in the Company or any Affiliate, (vi) failure to perform the
duties of the Participant's position with the Company or any
Affiliate in a timely and professional manner, or (vii) failure to
comply with a reasonable order, policy or rule that constitutes
material
insubordination.

		
	2.8 	"Code"
means the Internal Revenue Code of 1986, as amended, or any successor
thereto.

		
	2.9 	"Committee"
means the Compensation Committee of the Board or other committee
authorized by the Board to administer the
Plan.

		
	2.10 	"Company"
means M&F Worldwide Corp., a Delaware corporation, and includes any
successor or assignee corporation or corporations into which the
Company may be merged, changed or consolidated, any corporation for
whose securities the securities of the Company shall be exchanged, and
any assignee of or successor to substantially all of the assets of the
Company.

		
	2.11 	"Disability"
means "Disability" as defined in any existing
employment agreement between a Participant and the Company or an
Affiliate, or, in the absence of such an employment agreement, a mental
or physical illness that entitles the Participant to receive benefits
under the long-term disability plan of the Company, or if there is no
such plan or the Participant is not covered by such a plan or the
Participant is not an employee of the Company, a mental or physical
illness that renders a Participant totally and permanently incapable of
performing the Participant's duties for the Company, as
determined by the Committee. The determination of Disability for
purposes of this Plan shall not be construed to be an admission of
disability for any other
purpose.

		
	2.12 	"EBITDA"
means earnings before interest, taxes, depreciations and
amortization.

		
	2.13 	"Eligible
Employee" means an Employee who is employed or
serves in a position or capacity designated by the Committee as
eligible to participate in the
Plan.

		
	2.14 	"Employee"
means any person who is considered to be an employee of the Company or
an Affiliate pursuant to its personnel
policies.

		
	2.15 	"Participant"
means an Eligible Employee who satisfies the eligibility conditions of
the Plan and who has been selected by the Committee for participation
in the
Plan.

		
	2.16 	"Payment
Value" means the amount designated as the
"Payment Value" in an Award
Agreement.

		
	2.17 	"Payout"
means the actual amount to be distributed under the Plan to a
Participant with respect to the Award Term or an Award
Cycle.

		
	2.18 	"Performance
Goals" means the level of performance for the
Award Term or Award Cycle, as determined by reference to one or more of
the Performance Measures, the attainment of which results in a right
(subject to the provisions of the Plan and the Award Agreement) to
receive a Payout for the Award Term or an Award
Cycle.

		
	2.19 	"Performance
Measures" mean the particular performance
measures for the Award Term or an Award Cycle determined in the
discretion of the Committee, based upon the Committee's
determination of the goals that will most effectively further the
Company's corporate objectives. Performance Measures may (i) be
based on performance goals for the Company, any Affiliate or any
division of the Company or an Affiliate, (ii) be relative or absolute
and (iii) include sales; cash flow; cash flow from operations;
operating profit or income; net income; operating margin; net income
margin; return on net assets; economic value added; return on total
assets; return on common equity; return on total capital; total
shareholder return; revenue; revenue growth; EBITDA; EBITDA growth;
cumulative EBITDA over a period fixed by the Committee; basic earnings
per share; diluted earnings per share; funds from operations per share
and per share growth; cash available for distribution; cash available
for distribution per share and per share growth; share price
performance on an absolute basis and relative to an index of earnings
per share or improvements in the Company's or an
Affiliate's (or any division thereof's) attainment of
expense levels; implementing or completion of critical projects; or
other reasonable criteria 

2

		
	 	
established by the Committee. Unless otherwise
specifically defined in the Plan, the foregoing criteria shall have any
reasonable definitions that the Committee may specify, which may
include or exclude any or all of the following items as the Committee
may specify: extraordinary, unusual or non-recurring items; effects of
accounting changes; effects of financing activities; expenses for
restructuring or productivity initiatives; other non-operating items;
spending for acquisitions; effects of divestitures; and effects of
litigation activities and
settlements.

		
	2.20 	"Plan"
means the M&F Worldwide Corp. 2005 Long Term Incentive Plan, as
herein set forth and as may be amended from time to
time.

		
	2.21 	"Termination
of Employment" means the occurrence of any act or
event whether pursuant to an employment agreement or otherwise that
actually or effectively causes or results in the person's
ceasing, for whatever reason, to be an officer or employee of the
Company and of any Affiliate, including, without limitation, death,
Disability, dismissal, resignation, or separation from employment as a
result of the discontinuance, liquidation, sale or transfer by the
Company and or any Affiliate of a business such entity owns or
operates.

ARTICLE
3.    ADMINISTRATION

		
	3.1 	Committee.    The
Plan shall be controlled, managed and administered by the Committee,
which shall consist of two or more members. Each member of the
Committee shall be a "Non-employee Director"
as that term is defined by Rule 16b-3 promulgated under the
Securities Exchange Act of 1934 (the "Exchange
Act") or any similar rule which may subsequently be
in effect
("Rule 16b-3") and
shall be an "outside director" within the
meaning of Section 162(m)(4)(C)(i) of the Code and the
Treasury Regulations promulgated thereunder. The Committee shall have
the discretion to interpret the provisions of the Plan, and its
interpretations and determinations shall be final and binding on all
persons, including the Company, all Affiliates and Participants. The
Committee may, from time to time, adopt rules or guidelines with
respect to the administration of the Plan and the rights granted
hereunder which are consistent with the provisions of the Plan and may
amend any and all rules or guidelines previously established. No
determination or decision of the Committee shall be subject to de novo
court review if the procedures of this Article have been followed by
the Committee. Subject to the express provisions of the Plan and to the
extent not inconsistent with the provisions of Section 162(m) of
the Code and the Treasury Regulations promulgated thereunder regarding
performance-based compensation, the Committee may, from time to time,
delegate or allocate the performance of any part or all its ministerial
duties under the Plan as it considers desirable to such person or
persons as it may select. All costs of Plan administration will be paid
by the Company.

		
	3.2 	Powers of
Committee.    For purposes of the Plan, the Committee's
powers shall include, but not be limited to, the following authority,
in addition to all other powers provided by, or necessary to
administer, the Plan:

			
		3.2.1 	to
determine the Award Cycle(s), Award Term, Payment Value, Performance
Goals, Performance Measures and other criteria for which the Committee
has discretion under the
Plan;

			
		3.2.2 	to select or designate,
for the Award Term or any Award Cycle, the Eligible Employees (if any)
to become Participants under the
Plan;

			
		3.2.3 	to determine the terms
and conditions of any Awards granted hereunder and to adjust the terms
and conditions of any Award under the provisions of the
Plan;

			
		3.2.4 	to provide for the forms
of Award Agreement to be utilized in connection with the
Plan;

			
		3.2.5 	to determine the Payout
to a Participant and any other right to compensation under the
Plan;

			
		3.2.6 	to appoint such agents,
counsel, accountants, consultants, claims administrator and other
persons as may be necessary or appropriate to assist in administering
the Plan;

			
		3.2.7 	to sue or cause suit
to be brought in the name of the Plan or the Company;

3

			
		3.2.8 	to
determine whether and with what effect an individual has incurred a
Termination of Employment;

			
		3.2.9 	to
obtain from Participants such information as is necessary for the
proper administration of the
Plan;

			
		3.2.10 	to execute and file such
returns and reports as may be required with respect to the Plan;
and

			
		3.2.11 	to make any adjustments or
modifications permitted under the provisions of the
Plan.

ARTICLE 4.    PARTICIPATION, PERFORMANCE
MEASURES AND PERFORMANCE
GOALS

		
	4.1 	Participation.    The
Committee shall select which Eligible Employees will become
Participants in the Plan during any given fiscal year the Plan is in
effect. The Committee may consider any factors it deems pertinent in
selecting an Eligible Employee as a Participant. Upon the selection of
the Participants, the Committee shall provide the notices described in
Section 4.6 below. A person will become a Participant only upon
returning to the Company a signed, written Award Agreement received
from the Committee stating the person is a Participant and providing
such additional information the Committee deems relevant, including the
Award Term and, if applicable, the Award
Cycle(s).

		
	4.2 	Participation of Newly
Hired Employees.    Except as provided in the sole discretion
of the Committee, an individual must be an Eligible Employee as of the
beginning of an Award Term in order to be selected as a Participant. If
an individual first becomes an Eligible Employee after the beginning of
an Award Term, the Committee may, in its discretion, designate such new
Eligible Employee as a Participant. Unless the Committee, in its sole
discretion, determines otherwise, all amounts payable under this Plan
to such Participant for the Award Term shall be pro-rated with respect
to the date he or she first became an Eligible Employee or such later
date as designated by the Committee. The Committee may make such
adjustments as it deems appropriate in order to effectuate this
Section.

		
	4.3 	Payout
Amounts.    The Payouts that a Participant is entitled to
receive under the Plan for an Award Term or an Award Cycle, upon the
achievement of the Performance Goals, will be based upon a
pre-determined percentage of the Payment Value. Such percentages will
be set forth in an Award
Agreement.

		
	4.4 	Performance
Measures.    The Committee shall establish one or more
Performance Measures for the Award Term or an Award Cycle. It is the
intent of the Committee that the Performance Goals and Performance
Measures established for the Award Term or an Award Cycle will not
change during such period. However, certain circumstances identified at
the discretion of the Committee may warrant a modification to the
Performance Goals and Performance Measures. These circumstances would
include, but not be limited to, unforeseen events such as changes in
law, regulations, or rulings; changes in accounting principles or
practices; or a merger, acquisition, divestiture or other significant
transaction. Participants will be notified of any such modification as
soon as practicable. Different Performance Measures and/or Performance
Goals may be awarded to similarly situated Participants, and the
Performance Measures and Performance Goals awarded to one Participant
shall not have an effect on or in any way limit the Performance
Measures and Performance Goals awarded to any other
Participant.

		
	4.5 	Performance
Goals.    For any Performance Measure established by the
Committee, the Committee shall establish the levels of the Performance
Goals. After establishing the Performance Goals for a Performance
Measure, the Committee shall have the discretion, where practicable, to
provide that the amounts payable in respect of the Performance Goals
shall be prorated if the actual performance for the Award Term is
between the Performance Goals established by the
Committee.

4

		
	4.6 	Notice of
Participation.    After an Eligible Employee has been
designated as a Participant, the Committee shall provide such
Participant with an Award Agreement setting forth the Payment Value,
the Award Term, the Award Cycle(s) during the Award Term, if any, the
Performance Measure(s) and the Performance
Goal(s).

ARTICLE 5.    CALCULATING THE
PAYOUT

		
	5.1 	General.    As
soon as practicable following the end of the Award Term or an Award
Cycle, as applicable, the Committee shall calculate the Payout to each
Participant based upon the actual performance of the Company and the
Performance Measure(s), Performance Goal(s) and Payment Values for such
period.

		
	5.2 	The
Payout.    The actual Payout amount to be distributed with
respect to an Award Term or Award Cycle, as applicable, may range over
a set of compensation values determined by the Committee, as further
described in this Section and in an Award Agreement. The amount payable
to a Participant shall not exceed the Maximum Payment applicable to
such Participant. If the actual performance during the Award Term or an
Award Cycle, as applicable, shall be less than the Performance Goal(s)
for any Performance Measure(s), the Payout shall be
zero.

ARTICLE 6.    PAYMENT OF
BENEFITS

		
	6.1 	Normal
Payout.    Except as otherwise provided in the Plan or an Award
Agreement, and subject to the condition of continued employment with
the Company or an Affiliate, as set forth in Section 6.2 below, the
Payout to a Participant for the Award Term or an Award Cycle shall be
made within two and one-half months following the close of the Award
Term or such Award Cycle in the form described in Section 6.5;
provided, however, that the Committee may, in its
discretion, defer payment until audited financial data is available
(but in any event no later than the end of the calendar year in which
such Award Term or Award Cycle ends) unless such deferral would cause
any such payment to be subject to additional taxes pursuant to Code
Section 409A. Except as otherwise provided in the subsequent Sections
of this Article 6, each Participant shall receive a payment equal to
the full value of his or her Payout for the Award Term or applicable
Award Cycle. Payouts under this Section 6.1 are conditioned upon the
Participant's compliance with any non-compete and/or
confidentiality provision in any written agreement or policy between
the Participant and the Company. Unless the Committee provides
otherwise in writing, upon the date of any violation of any such
non-compete and/or confidentiality provision, the person shall
immediately cease to be a Participant, and any amount not yet
distributed to such Participant under this Section 6.1 shall
immediately and automatically be forfeited, whether or not such
violation results in a Termination of Employment with the Company
during the Award
Term.

		
	6.2 	Forfeiture.    Unless
an applicable Award Agreement provides otherwise, if a Participant
initiates a Termination of Employment with the Company for any reason
other than for death or due to Disability, or the Participant incurs a
Termination of Employment for Cause, unless the Committee provides
otherwise in writing, the Participant shall immediately cease to be a
Participant, and any amount not yet distributed to such Participant
under Section 6.1 shall immediately and automatically be forfeited,
whether or not such Termination of Employment occurs before the end of
the Award Term.

		
	6.3 	Disability or
Death.    Unless an applicable Award Agreement provides
otherwise, a Participant's Termination of Employment with the
Company under the circumstances set forth in this Section 6.3 shall not
result in the forfeiture of the Participant's Payout or the right
to receive a Payout under the Plan: If the Participant incurs a
Termination of Employment with the Company that is the result of the
Participant's death or Disability, then, on the date the Payout
would have been made if the Participant had not incurred a Termination
of the Employment prior to that date, the Participant shall receive a
payment equal to the Payout multiplied by a fraction, the numerator of
which is the number of days from January  1,  2006 through
the date on which the Participant incurred a Termination of Employment
and the denominator of which is the number of days in the Award Term or
Award Cycle, as applicable.

5

		
	6.4 	Form of
Payment.    Any Payout shall be made in
cash.

		
	6.5 	Deferral of
Payout.    If so permitted by the Committee, a Participant may
elect to defer receipt of all or a portion of a Payout pursuant to the
terms of any deferred compensation plan maintained by the Company or an
Affiliate in which such Participant participates or as otherwise
permitted by the Committee.

ARTICLE 7.    AMENDMENT
OR
TERMINATION

		
	7.1 	Amendment
or Termination.    The Board may amend, alter, or terminate the
Plan at any time, but no amendment, alteration or termination shall be
made which would impair the rights of a Participant under an Award
theretofore granted without the Participant's consent, except
such an amendment (a) made to cause the Plan to comply with
applicable law (including without limitation, Section 409A of the
Code), or (b) made to permit the Company a deduction under
applicable tax law. The Committee may amend, alter or discontinue the
terms of any Award theretofore granted, prospectively or retroactively,
on the same conditions and limitations (and exceptions to limitations)
as apply to the Board, and further subject to any approval or
limitations the Board may impose.

ARTICLE
8.    GENERAL
PROVISIONS

		
	8.1 	Nonalienation
of Plan Benefits.    A Participant or beneficiary may not sell,
assign, margin, transfer, pledge, encumber, convey, gift, hypothecate
or otherwise dispose of any interest in a Payout or the right to
receive Payout under this Plan, either voluntarily or involuntarily,
except by will, by the laws of descent or distribution, or as set forth
in Section 6.3 above.

		
	8.2 	No
Employment Rights.    Under no circumstances shall the terms of
employment of any Participant be modified or in any way affected by the
establishment or continuance of this Plan. The maintenance of this Plan
shall not constitute a contract of employment. The Plan will not give
any Participant a right to be retained in the employment of the
Company.

		
	8.3 	No Personal
Liability.    To the extent permitted by law, no person
(including any member of the Committee or any present or former
employee of the Company) shall be personally liable for any act done or
omitted to be done in good faith in the administration of the
Plan.

		
	8.4 	Final
Decisions.    Any ruling, regulation, procedure or decision of
the Committee shall be conclusive and binding upon all persons affected
by this Plan.

		
	8.5 	Withholding of
Taxes.    The Company shall deduct from any Payout such amount
as the Company, in its sole discretion, deems proper to protect it
against liability for the payment of taxes, and out of the money so
deducted, the Company may discharge any such liability and pay the
amount remaining to the Participant or the Beneficiary, as the case may
be.

		
	8.6 	Applicable
Law.    The Plan and all Awards made and actions taken under
the Plan shall be governed by and construed in accordance with the laws
of the State of Delaware and any applicable subdivision thereof. The
Plan shall be construed to comply with all applicable laws and to avoid
liability to the Company or a
Participant.

		
	8.7 	Successors.    The
Plan is binding on all persons entitled to benefits hereunder and their
respective heirs and legal representatives, on the Committee and its
successor, and on the Company and its successor, whether by way of
merger, consolidation, purchase or
otherwise.

		
	8.8 	Severability.    If
any provision of the Plan shall be held illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining
provisions of the Plan, and the Plan shall be enforced as if the
invalid provisions had never been set forth
herein.

		
	8.9 	Provisions Relating to
Code Section 162(m).    The Plan and any Award to any
Participant who is (or who, in the judgement of the Committee, could
reasonably be expected at the time of any payment of the Award to be) a
"Covered Employee" (as defined
in Section 162(m)(3) of the Code) (any such Participant, an
"Applicable Participant")
under the Plan shall be administered, and the 

6

		
	 	
provisions of the Plan and each Award
Agreement with an Applicable Participant shall be interpreted, in a
manner consistent with the requirements of Code
Section 162(m) and the Treasury Regulations promulgated
thereunder. If any provision of the Plan or any Agreement relating to
an Award to such a Participant does not comply or is inconsistent with
the requirements of Code Section 162(m)(4)(c) and the
Treasury Regulations promulgated thereunder, such provision shall be
construed or deemed amended to the extent necessary to conform to such
applicable requirements, if any such construction or deemed amendment
can satisfy Code Section 162(m) and the Treasury Regulations
promulgated thereunder. In addition, the following provisions shall
apply to the Plan or an Award to the extent necessary to avoid the
disallowance of a tax deduction for the Company or an
Affiliate:

			
		8.9.1 	Not later than the
date required or permitted for "qualified
performance-based compensation" under Code Section
162(m) and the Treasury Regulations promulgated thereunder, the
Committee shall determine the Participants who are Applicable
Participants who will receive Awards that are intended as qualified
performance-based compensation and the amount or method for determining
the amount of such compensation. Any Award intended to constitute
qualified performance-based compensation shall be designated in writing
as such by the Committee at the time it is
granted.

			
		8.9.2 	For Awards that are
designated as "performance-based
compensation" (as that term is used in Code Section
162(m)) in accordance with Section 8.9.1 above, no more than
$10,000,000 (the "Maximum
Payment") may be subject to any such Award granted
to any Applicable Participant and payable with respect to the
Award's entire Award Term. In the manner required by Code Section
162(m) and the Treasury Regulations promulgated thereunder, the
Committee shall, promptly after the date on which the necessary
financial and other information for the Award Term or an Award Cycle
becomes available, certify the extent to which Performance Goals have
been achieved with respect to any Award intended to qualify as
"performance-based compensation" under Code
Section 162(m) and the Treasury Regulations promulgated
thereunder. In addition, the Committee may, in its discretion, reduce
or eliminate the amount of any Award payable to any Participant, based
on such factors as the Committee may deem relevant, but the Committee
may not increase the amount of any Award payable to any Participant
above the amount established in accordance with the relevant
Performance Goals with respect to any Award intended to qualify as
"performance-based compensation" under Code
Section 162(m) and the Treasury Regulations promulgated
thereunder.

			
		8.9.3 	Notwithstanding any
other provision of this Plan to the contrary (including, without
limitation, Sections 4.4 and 4.5), with respect to any Award granted to
an Applicable Participant, (i) the Performance Goals and
Performance Measures established for the Award Term or an Award Cycle
shall not change during such period, (ii) the terms of the award
shall specify at the time of grant whether amounts payable pursuant to
the Award will or will not be prorated if actual performance for the
Award Term is between the applicable Performance Goals established by
the Committee.

		
	8.10 	Unsecured
Interest.    No Participant in the Plan shall have any interest
in any fund or specific asset of the Company by reason of the Plan. No
trust fund shall be created in connection with the Plan or any Payout
thereunder, and there shall be no required funding of amounts, which
may become payable to any
Participant.

		
	8.11 	Offset.    Any
amounts owed to the Company by the Participant of whatever nature may
be offset by the Company from the value of any Payout due under this
Plan, and no Payout shall be made under this Plan unless and until all
disputes between the Company and the Participant have been fully and
finally resolved and the Participant has waived all claims to such
against the
Company.

		
	8.12 	Indemnification.    The
officers, directors and employees of the Company, as well as the
Committee members, shall be indemnified and held harmless by the
Company against and from any and all loss, cost, liability, or expense
that may be imposed upon or reasonably incurred by them in connection
with or resulting from any claim, action, suit, or proceeding to which
they may be a 

7

		
	 	
party or in which they may be involved by
reason of any action taken or failure to act under this Plan and
against and from any and all amounts paid by them in settlement (with
the Company's written approval) or paid by them in satisfaction
of a judgement in any such action, suit or proceeding. The foregoing
provision shall not be applicable to any person if the loss, cost,
liability or expense is due to such person's gross negligence or
willful
misconduct.

		
	8.13 	Headings.    The
headings contained in this Plan are for reference purposes only and
shall not affect the meaning or interpretation of this
Plan.

		
	8.14 	Gender and
Number.    Words denoting the masculine gender includes the
feminine gender, and the singular shall include the plural and the
plural shall include the singular wherever required by the
context.

8

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