Document:

EXHIBIT 10.3

                     MORTGAGE CERTIFICATE PURCHASE AGREEMENT
                     ---------------------------------------

            This Mortgage Certificate Purchase Agreement (the "Agreement"),
dated as of [ ], 20[ ], is between Wells Fargo Asset Securities Corporation, a
Delaware corporation (the "Company"), and [ ] (the "Seller").

            The Company and the Seller hereby recite and agree as follows:

            1. Defined Terms. Terms used without definition herein shall have
the respective meanings assigned to them in the Trust Agreement, dated as of
[ ], 20[ ] (the "Trust Agreement"), among the Company, [ ], as securities
administrator (the "Securities Administrator"), and [ ], as trustee (the
"Trustee"), relating to the issuance of the Company's Mortgage Pass-Through
Certificates, Series 20[ ]-[ ] (the "Certificates") or, if not defined therein,
in the underwriting agreement, dated [ ], 20[ ], and terms agreement, dated [ ],
20[ ] (together, the "Underwriting Agreement"), among the Company, the Seller
and [ ] (the "Underwriter").

            2. Purchase Price; Purchase and Sale. The Seller agrees to sell, and
the Company agrees to purchase, the mortgage pass-through certificates listed on
the Mortgage Certificate Schedule (the "Underlying Certificates"). In
consideration of the sale of the Underlying Certificates from the Seller to the
Company on the Closing Date, the Company agrees to pay to the Seller on the
Closing Date by wire transfer of immediately available funds, as directed by the
Seller, an amount equal to $[ ] in respect of the Underlying Certificates (the
"Purchase Price").

            Upon payment of the Purchase Price, the Seller shall be deemed to
transfer, convey, sell and assign to the Company, without recourse, all the
right, title and interest of the Seller in and to (i) the Underlying
Certificates and all distributions on the Underlying Certificates payable after
the Closing Date, (ii) all rights of the Seller as a certificateholder under the
Underlying Pooling and Servicing Agreements, (iii) all present and future
claims, demands, causes and choses in action in respect of the foregoing,
including the rights of the Seller under the Underlying Certificates, and (iv)
all proceeds of the foregoing of every kind and nature whatsoever, including,
without limitation, all proceeds of the conversion thereof, voluntary or
involuntary, into cash or other liquid property, all cash proceeds, accounts
receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts,
rights to payment of any and every kind and other forms of obligations and
receivables, instruments and other property that at any time constitute all or
part of or are included in the proceeds of the foregoing.

            In connection with the transfer of the Underlying Certificates, the
Seller hereby agrees to remit to the Securities Administrator by wire transfer
of immediately available funds on the date on which received, all payments
received by the Seller after the date hereof in connection with the Underlying
Certificates. The Seller shall also promptly forward to the Securities
Administrator for each Underlying Certificate written irrevocable instructions
to forward all distributions on the Underlying Certificates to the account
specified by the Securities Administrator. The Trustee shall deliver to or at
the direction of the Company any and all certificates, opinions of counsel and
other documents as the Company shall request to effect the registration and
transfer of the Underlying Certificates in the name of the Seller or its
designee.

            3. Representations and Warranties; Covenants. The Seller hereby
represents and warrants to the Company that (i) the Company's representations
and warranties to the Trustee pursuant to Section 2.02(b) of the Trust Agreement
are true and correct, as of the date thereof, and (ii) Seller has not dealt with
any broker, investment banker, agent or other person (other than the Company and
the Underwriter) who may be entitled to any commission or compensation in
connection with the sale of the Underlying Certificates. The Seller hereby
agrees to cure any breach of such representations and warranties in accordance
with the terms of the Trust Agreement.

            4. Underwriting. The Seller hereby agrees to furnish any and all
information, documents, certificates, letters or opinions with respect to the
Underlying Certificates, reasonably requested by the Company in order to perform
any of its obligations or satisfy any of the conditions on its part to be
performed or satisfied pursuant to the Underwriting Agreement at or prior to the
Closing Date.

            5. Costs. The Company shall pay all expenses incidental to the
performance of its obligations under the Underwriting Agreement, including
without limitation (i) any recording fees or fees for title policy endorsements
and continuations, (ii) the expenses of preparing, printing and reproducing the
Prospectus, the Prospectus Supplement, the Underwriting Agreement, the Trust
Agreement and the Certificates and (iii) the cost of delivering the Certificates
to the Underwriter (or its designee) insured to the satisfaction of the
Underwriter.

            6. Notices. All demands, notices and communications hereunder shall
be in writing, shall be effective only upon receipt and shall, if sent to the
Company, be addressed to it at Wells Fargo Asset Securities Corporation, 5325
Spectrum Drive, Frederick, Maryland 21703, Attn: Vice President, Structured
Finance, or, if sent to the Seller, be addressed to it at [ ].

            7. Trustee Beneficiary. The representations, warranties and
agreements made by the Seller in this Agreement are made for the benefit of, and
may be enforced by, the Trustee and the holders of Certificates to the same
extent that the Trustee and the holders of Certificates, respectively, have
rights against the Company under the Trust Agreement in respect of
representations, warranties and agreements made by the Company therein.

            8. Recharacterization. The parties hereto intend the conveyance by
the Seller to the Company of all of its right, title and interest in and to the
Underlying Certificates pursuant to this Agreement to constitute a purchase and
sale and not a loan. Notwithstanding the foregoing, to the extent that such
conveyance is held not to constitute a sale under applicable law, it is intended
that this Agreement shall constitute a security agreement under applicable law
and that the Seller shall be deemed to have granted to the Company a first
priority security interest in all of the Seller's right, title and interest in
and to the Underlying Certificates.

            9. Miscellaneous. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York. Neither this Agreement nor
any term hereof may be changed, waived, discharged or terminated except by a
writing signed by the party against whom enforcement of such change, waiver,
discharge or termination is sought. This Agreement may not be changed in any
manner which would have a material adverse effect on holders of Certificates
without the prior written consent of the Trustee. The Trustee shall be protected
in consenting to any such change to the same extent provided in Article X of the
Trust Agreement. This Agreement may be signed in any number of counterparts,
each of which shall be deemed an original, which taken together shall constitute
one and the same instrument. This Agreement shall bind and inure to the benefit
of and be enforceable by the Company and the Seller and their respective
successors and assigns.

<PAGE>

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

                                         WELLS FARGO ASSET SECURITIES
                                          CORPORATION

                                         By:
                                            ------------------------------------
                                         Name:
                                         Title:

                                         [SELLER]

                                         By:
                                            ------------------------------------
                                         Name:
                                         Title:AGREEMENT AND GENERAL RELEASE

 

SED International, Inc. (“SED”) and Charles L. Marsh, Jr., his heirs, executors, administrators, successors, and assigns (collectively referred to throughout this Agreement and General Release as “Employee”), agree that:

 

1.            Last Day of Employment.  Employee's last day of employment with SED is March 31, 2008.

 

2.            Consideration.  In consideration for signing this Agreement and General Release (“Agreement”), and complying with its terms, SED agrees:

 

a.            To pay to Employee the total sum of Two Hundred Eighty Thousand Dollars ($280,000.00), less lawful deductions, in quarterly installments of Seventy Thousand Dollars ($70,000.00) to be made on April 1, 2008; July 1, 2008; October 1, 2008; and January 1, 2009. 

 

b.            If Employee properly and timely elects to continue medical and dental coverage under SED’s medical plan in accordance with the continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”), SED shall pay for its portion of the cost of the premium for such coverage beginning on the last day of employment and ending on March 31, 2009.

 

3.            No Consideration Absent Execution of this Agreement.  Employee understands and agrees that Employee would not receive the monies and/or benefits specified in paragraph “2” above, except for Employee’s execution of this Agreement and the fulfillment of the promises contained herein. 

 

4.            General Release of All Claims.  Employee knowingly and voluntarily releases and forever discharges SED, its parent corporation, affiliates, subsidiaries, divisions, predecessors, insurers, successors and assigns, and their current and former employees, attorneys, officers, directors and agents thereof, both individually and in their business capacities, and their employee benefit plans and programs and their administrators and fiduciaries (collectively referred to throughout the remainder of this Agreement as “Releasees”), of and from any and all claims, known and unknown, asserted or unasserted, which the Employee has or may have against Releasees as of the date of execution of this Agreement, including, but not limited to,
any alleged violation of:  

 

	
             
 	
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            Title VII of the Civil Rights Act of 1964;
 

 

	
             
 	
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            Sections 1981 through 1988 of Title 42 of the United States Code;
 

 

	
             
 	
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            The Employee Retirement Income Security Act of 1974 (“ERISA”) (except for any vested benefits under any tax qualified benefit plan);
 

 

	
             
 	
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            The Immigration Reform and Control Act;
 

 

	
             
 	
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            The Americans with Disabilities Act of 1990;
 

 

 

 

 

	
             
 	
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            The Age Discrimination in Employment Act of 1967 (“ADEA”);
 

 

	
             
 	
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            The Workers Adjustment and Retraining Notification Act;
 

 

	
             
 	
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            The Fair Credit Reporting Act;
 

 

	
             
 	
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            The Georgia AIDS Confidentiality Act – O.C.G.A. § 24-9-47;
 

 

	
             
 	
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            The Georgia Equal Pay Act (Sex Discrimination in Employment) – O.C.G.A. § 34-5-1 et seq.;
 

 

	
             
 	
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            The Georgia Age Discrimination in Employment Act – O.C.G.A. § 34-1-2;
 

 

	
             
 	
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            The Georgia Equal Employment for Persons with Disabilities Code – O.C.G.A. § 34-6A-1 et seq.;
 

 

	
             
 	
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            Georgia Wage Payment and Work Hour Laws; 
 

 

	
             
 	
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            Any other claim under Georgia law, including but not limited to, claims for breach of contract, wrongful termination and/or fraud, and/or any other claim under Georgia statutory or common law;
 

 

	
             
 	
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            any other federal, state or local law, rule, regulation, or ordinance; 
 

 

	
             
 	
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            any public policy, contract, tort, or common law; or
 

 

	
             
 	
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            any basis for recovering costs, fees, or other expenses including attorneys' fees incurred in these matters.
 

 

	
     
  	
    5.
 	
  Acknowledgments and Affirmations.  
 

 

Employee affirms that Employee has not filed, caused to be filed, or presently is a party to any claim against SED. 

Employee also affirms that Employee has been paid and/or has received all compensation, wages, bonuses, commissions, and/or benefits to which Employee may be entitled.  Employee affirms that Employee has been granted any leave to which Employee was entitled under the Family and Medical Leave Act or related state or local leave or disability accommodation laws.

Employee further affirms that Employee has no known workplace injuries or occupational diseases.  

 

 

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Employee also affirms that Employee has not divulged any proprietary or confidential information of SED and will continue to maintain the confidentiality of such information consistent with SED’s policies and Employee’s agreement(s) with SED and/or common law. 

 

Employee further affirms that Employee has not been retaliated against for reporting any allegations of wrongdoing by SED or its officers, including any allegations of corporate fraud.  Both Parties acknowledge that this Agreement does not limit either party’s right, where applicable, to file or participate in an investigative proceeding of any federal, state or local governmental agency.  To the extent permitted by law, Employee agrees that if such an administrative claim is made, Employee shall not be entitled to recover any individual monetary relief or other individual remedies.

 

Employee agrees to participate and cooperate on SED’s behalf in any pending litigation or administrative action, including but not limited to: giving statements or affidavits; meeting with SED’s legal or other professional advisers; attending legal and/or administrative proceedings; and giving evidence.  

6.            Confidentiality and Return of Property.  Employee agrees not to disclose any information regarding the underlying facts leading up to or the existence or substance of this Agreement, except to Employee’s spouse, tax advisor, and/or an attorney with whom Employee chooses to consult regarding Employee’s consideration of this Agreement.

Employee affirms that Employee has returned all of SED’s property, documents, and/or any confidential information in Employee’s possession or control.  Employee also affirms that Employee is in possession of all of Employee’s property that Employee had at SED’s premises and that SED is not in possession of any of Employee’s property.

 

7.            Governing Law and Interpretation.  This Agreement shall be governed and conformed in accordance with the laws of the State of Georgia without regard to its conflict of laws provision.  In the event of a breach of any provision of this Agreement, either party may institute an action specifically to enforce any term or terms of this Agreement and/or seek any damages for breach.  Should any provision of this Agreement be declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect.

 

8.            Nonadmission of Wrongdoing.  The Parties agree that neither this Agreement nor the furnishing of the consideration for this Agreement shall be deemed or construed at any time for any purpose as an admission by Releasees of wrongdoing or evidence of any liability or unlawful conduct of any kind.

 

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9.            Amendment.  This Agreement may not be modified, altered or changed except in writing and signed by both Parties wherein specific reference is made to this Agreement.

10.         Entire Agreement.  This Agreement sets forth the entire agreement between the Parties hereto, and fully supersedes any prior agreements or understandings between the Parties.  Employee acknowledges that Employee has not relied on any representations, promises, or agreements of any kind made to Employee in connection with Employee’s decision to accept this Agreement, except for those set forth in this Agreement.

EMPLOYEE IS ADVISED THAT EMPLOYEE HAS UP TO TWENTY-ONE (21) CALENDAR DAYS TO CONSIDER THIS AGREEMENT AND GENERAL RELEASE.  EMPLOYEE ALSO IS ADVISED TO CONSULT WITH AN ATTORNEY PRIOR TO EMPLOYEE’S SIGNING OF THIS AGREEMENT AND GENERAL RELEASE.

 

EMPLOYEE
      MAY REVOKE THIS AGREEMENT FOR A PERIOD OF SEVEN (7) CALENDAR DAYS FOLLOWING
      THE DAY EMPLOYEE SIGNS THIS AGREEMENT AND GENERAL RELEASE. ANY REVOCATION
      WITHIN THIS PERIOD MUST BE SUBMITTED, IN WRITING, TO MARK DIVITO AND STATE, "I HEREBY REVOKE MY ACCEPTANCE OF OUR AGREEMENT AND GENERAL RELEASE."  THE
      REVOCATION MUST BE PERSONALLY DELIVERED TO MARK DIVITO, OR HIS DESIGNEE,
      OR MAILED TO MARK DIVITO, 4916 N. ROYAL ATLANTA DRIVE, TUCKER, GEORGIA,
30085-5044, AND POSTMARKED WITHIN SEVEN (7) CALENDAR DAYS AFTER EMPLOYEE SIGNS THIS AGREEMENT AND GENERAL RELEASE.

 

EMPLOYEE AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND GENERAL RELEASE, DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL UP TO TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.  

 

EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR MIGHT HAVE AGAINST RELEASEES.

 

 

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The Parties knowingly and voluntarily sign this Agreement and General Release as of the date(s) set forth below:

 

 

	
           

 

/s/
    Charles L. Marsh, Jr.                     

    

Charles L. Marsh, Jr.

 

 

  Date: March 21, 2008                         
 	
      SED INTERNATIONAL, INC.

 

By: /s/
      Jean Diamond                                

Jean Diamond

              Chief Executive Officer 

 

Date: March 21, 2008                                

 

 

 

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