Document:

<PAGE>

                                                                     EXHIBIT 4.2

                                                                  EXECUTION COPY

                         RESIDENTIAL CAPITAL CORPORATION

                             SUPPLEMENTAL INDENTURE

                      $2,500,000,000 6.375% Notes due 2010
                       $500,000,000 6.875% Notes due 2015
                   $1,000,000,000 Floating Rate Notes due 2007

      THIS SUPPLEMENTAL INDENTURE, dated as of June 24, 2005 (this "Supplemental
Indenture"), between RESIDENTIAL CAPITAL CORPORATION, a Delaware corporation
(the "Corporation"), the Guarantors (as defined herein) and DEUTSCHE BANK TRUST
COMPANY AMERICAS, a banking corporation duly incorporated and existing under the
laws of the State of New York, as trustee (the "Trustee").

                          RECITALS OF THE CORPORATION:

      WHEREAS, the Corporation has heretofore executed and delivered to the
Trustee an Indenture, dated as of June 24, 2005 (the "Indenture"), providing for
the issuance from time to time of one or more series of Securities (as defined
in the Indenture);

      WHEREAS, Section 2.01 of the Indenture provides for various matters with
respect to any series of Securities issued under the Indenture to be established
in an indenture supplemental to the Indenture;

      WHEREAS, Section 10.01 of the Indenture provides that the Corporation and
the Trustee may enter into an indenture supplemental to the Indenture to
establish the form or terms of Securities of any series as permitted by Sections
2.01 and 2.03 of the Indenture; and

      WHEREAS, all the conditions and requirements necessary to make this
Supplemental Indenture, when duly executed and delivered, a valid and binding
agreement in accordance with its terms and for the purposes herein expressed,
have been performed and fulfilled.

      NOW THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

      For and in consideration of the premises and the issuance of the series of
Securities provided for herein, the Corporation and the Trustee mutually
covenant and agree for the equal and proportionate benefit of the respective
Holders of the Securities of each such series as follows:

<PAGE>

                                   ARTICLE I

            RELATION TO INDENTURE; DEFINITIONS; RULES OF CONSTRUCTION

      Section 1.01 RELATION TO INDENTURE. This Supplemental Indenture
constitutes an integral part of the Indenture.

      Section 1.02 DEFINITIONS. For all purposes of this Supplemental Indenture,
the following terms shall have the respective meanings set forth in this
Section.

      "2010 Notes" shall have the meaning set forth in Section 2.01 of this
Supplemental Indenture.

      "2015 Notes" shall have the meaning set forth in Section 2.01 of this
Supplemental Indenture.

      "Accredited Investor Letter" shall have the meaning set forth in Section
2.03(d) of this Supplemental Indenture.

      "Agent Member" means any member of, or any participant in, the Depository.

      "Applicable Procedures" means, with respect to any transfer or transaction
involving a Regulation S Global Note or beneficial interest therein, the rules
and procedures of the Depository for such Global Note, Euroclear and
Clearstream, in each case to the extent applicable to such transaction and as in
effect from time to time.

      "Certificated Note" shall mean any definitive Note in registered form
without Coupons that is not a Global Note.

      "Clearstream" means Clearstream Banking, societe anonyme, Luxembourg.

      "Custodian" means the custodian with respect to a Global Note (as
appointed by the Depository) or any successor person thereto, who will initially
be the Trustee.

      "Depository" means The Depository Trust Company, its nominees and their
respective successors.

      "Depository Securities Certification" shall have the meaning set forth in
Section 2.03(b)(ii) of this Supplemental Indenture.

      "Euroclear" means Euroclear Bank S.A./N.V., as operator of the Euroclear
System.

      "Exchange Notes" means the Notes of the Corporation issued in exchange for
Initial Notes pursuant to the Indenture and this Supplemental Indenture in
connection with the Registered Exchange Offer.

      "Floating Rate Notes" shall have the meaning set forth in Section 2.01 of
this Supplemental Indenture.

<PAGE>

      "Global Note" means any Note that is a Global Security (as defined in the
Indenture).

      "Global Note Legend" means the legend identified as such set forth in
Section 2.04 of this Supplemental Indenture.

      "Guarantor" means any of the guarantors signatory hereto or any other
Subsidiary that becomes a Guarantor pursuant to Section 4.08 of the Indenture.

      "IAI Certificated Note" means mean any Certificated Note issued to an
Institutional Accredited Investor and bearing the IAI Legend.

      "IAI Global Note" shall have the meaning set forth in Section 2.03(d).

      "IAI Legend" means the legend identified as such set forth in Section
2.04.

      "IAI Note" means any IAI Global Note or any IAI Certificated Note.

      "Initial Purchasers" means Bear Stearns & Co. Inc., and the other initial
purchasers listed on Schedule I to the Purchase Agreement.

      "Initial Notes" means the Notes other than SEC-Registered Notes.

      "Institutional Accredited Investor" means an institutional "accredited
investor" as described in Rule 501(a)(1), (2), (3) and (7) under the Securities
Act.

      "Notes" means (i) the Floating Rate Notes, (ii) the 2010 Notes and (iii)
the 2015 Notes, individually and/or collectively, as the context requires.

      "Owner Securities Certification" shall have the meaning set forth in
Section 2.03(b)(ii) of this Supplemental Indenture.

      "Participant" means members of, or participants in, the Depository.

      "Predecessor Note" of any particular Note means every previous Note
evidencing all or a portion of the same debt as that evidenced by such
particular Note; and, for the purposes of this definition, any Note
authenticated and delivered under Section 2.07 of the Indenture in exchange for
or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Note.

      "Purchase Agreement" means the Purchase Agreement dated June 21, 2005,
among the Corporation, the Guarantors named in Exhibit B thereto and the Initial
Purchasers.

      "Qualified Institutional Buyer" means a "qualified institutional buyer" as
defined in Rule 144A.

      "Registered Exchange Offer" means the offer by the Corporation, pursuant
to the Registration Agreement, to certain Holders of Initial Notes, to issue and
deliver to such Holders, in exchange for their Initial Notes, a like aggregate
principal amount of Exchange Notes registered under the Securities Act.

<PAGE>

      "Registration Agreement" means the Registration Rights Agreement dated as
of June 24, 2005, among the Corporation and the Initial Purchasers.

      "Regulation S" means Regulation S under the Securities Act.

      "Regulation S Global Note" shall have the meaning set forth in Section
2.03(b)(i) of this Supplemental Indenture.

      "Regulation S Legend" means the legend identified as such set forth in
Section 2.04 of this Supplemental Indenture.

      "Regulation S Notes" means all Notes offered and sold outside the United
States in reliance on Regulation S.

      "Restricted Global Note" shall have the meaning set forth in Section
2.03(c) of this Supplemental Indenture.

      "Restricted Note" means any Note that bears or is required to bear the
Restricted Note Legend.

      "Restricted Note Legend" means the legend identified as such set forth in
Section 2.04 of this Supplemental Indenture.

      "Restricted Period" with respect to any Notes means the period of 40
consecutive days beginning on and including the later of (i) the day on which
such Notes are first offered to persons other than distributors (as defined in
Regulation S under the Securities Act) in reliance on Regulation S and (ii) the
Issue Date with respect to such Notes.

      "Rule 144A" means Rule 144A under the Securities Act.

      "Securities Act" means the Securities Act of 1933, as amended.

      "Securities Act Legend" means a Restricted Note Legend, a Temporary
Regulation S Legend or a Regulation S Legend.

      "SEC-Registered Notes" means any Exchange Notes, Notes issued pursuant to
a Shelf Registration Statement or any other Notes that have been registered
pursuant to a registration statement filed by the Corporation with the
Securities and Exchange Commission.

      "Shelf Registration Statement" means a registration statement filed by the
Corporation in connection with the offer and sale of the Initial Notes pursuant
to Section 2(b) of the Registration Agreement.

      "Successor Note" of any particular Note means every Note issued after, and
evidencing all or a portion of the same debt as that evidenced by, such
particular Note; and, for the purposes of this definition, any Note
authenticated and delivered under Section 2.07 of the Indenture in exchange for
or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Note.

<PAGE>

      "Temporary Regulation S Global Note" shall have the meaning set forth in
Section 2.03(b)(i) of this Supplemental Indenture.

      Section 1.03 RULES OF CONSTRUCTION. For all purposes of this Supplemental
Indenture:

      (a)   capitalized terms used herein without definition shall have the
meanings specified in the Indenture;

      (b)   all references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this Supplemental
Indenture;

      (c)   the terms "herein," "hereof," "hereunder" and other words of similar
import refer to this Supplemental Indenture; and

      (d)   in the event of a conflict with the definition of terms in the
Indenture, the definitions in this Supplemental Indenture shall control.

                                   ARTICLE II

                                 THE SECURITIES

      Section 2.01 TITLE OF THE NOTES. There shall be (i) a series of securities
designated the "6.375 % Notes due 2010" (the "2010 Notes"), (ii) a series of
securities designated the "6.875% Notes due 2015" (the "2015 Notes") and (iii) a
series of securities designated the "Floating Rate Notes due 2007" (the
"Floating Rate Notes").

      Section 2.02 LIMITATION ON AGGREGATE PRINCIPAL AMOUNT. (i) The 2010 Notes
will be initially issued in an aggregate principal amount of $2,500,000,000,
(ii) the 2015 Notes will be initially issued in an aggregate principal amount of
$500,000,000 and (iii) the Floating Rate Notes will be initially issued in an
aggregate principal amount of $1,000,000,000.

      Section 2.03 FORM AND DATING.

      (a)   General. The 2010 Notes shall be substantially in the form of
Exhibit A-1 hereto. The 2015 Notes shall be substantially in the form of Exhibit
A-2 hereto. The Floating Rate Notes shall be substantially in the form of
Exhibit A-3 hereto. Each Note shall include a Guarantee in the form of Exhibit A
to the Indenture. Each Note shall include the Trustee's certificate of
authentication required by Section 2.02 of the Indenture. The Notes (other than
IAI Notes) shall be in denominations of $2,000 and integral multiples of $1,000
in excess thereof. IAI Notes shall be in a minimum principal amount of $250,000
and integral multiples of $1,000 in excess thereof.

      The terms and provisions contained in the Notes shall constitute, and are
hereby expressly made, a part of this Supplemental Indenture, and the
Corporation and the Trustee, by their execution and delivery of this
Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby.

<PAGE>

      The Notes issued on the date hereof will be (i) offered and sold by the
Corporation pursuant to the Purchase Agreement and (ii) resold initially only to
(A) Persons that are Institutional Accredited Investors and have delivered an
Institutional Accredited Investor Letter in reliance upon Regulation D under the
Securities Act, (B) Persons reasonably believed by an Initial Purchaser to be
Qualified Institutional Buyers in reliance on Rule 144A and (C) Persons other
than U.S. Persons (as defined in Regulation S) in reliance on Regulation S. Such
Notes may thereafter be transferred only in accordance with this Supplemental
Indenture.

      The Corporation hereby designates The Depository Trust Company as the
initial Depository for the Global Notes.

      (b)   Temporary Regulation S Global Notes; Regulation S Global Notes. (i)
Notes of a series offered and sold in reliance on Regulation S shall be
initially issued in the form of one or more temporary Global Notes,
substantially in the form set forth in Exhibit A-1, A-2 or A-3 hereto, as
applicable, in fully registered form without Coupons, with such applicable
legends as are provided for in Section 2.01 of the Indenture and Section 2.04 of
this Supplemental Indenture. Such Global Notes shall be registered in the name
of the Depository or its nominee, and deposited with the Trustee, at its New
York offices, as Custodian, duly executed by the Corporation and authenticated
by the Trustee as hereinafter provided, for credit to the respective accounts at
the Depository of the depositories for Euroclear Bank S.A./N.V., as operator of
Euroclear and for Clearstream, for credit to the respective accounts of holders
of beneficial interests in such Notes or to such other accounts as they may
direct. Each such temporary Global Note shall be referred to herein as a
"Temporary Regulation S Global Note." On or after the termination of the
Restricted Period, interests in any Temporary Regulation S Global Note of a
series shall be exchangeable for corresponding interests in an unrestricted
Regulation S Global Note of the same series (each a "Regulation S Global Note")
in fully registered form without Coupons, substantially in the form set forth in
Exhibit A-1, A-2 or A-3, as applicable, with such applicable legends as are
provided for in Section 2.01 of the Indenture and Section 2.04 of this
Supplemental Indenture and in accordance with Section 2.03(b)(ii).

      (ii)  Interests in a Temporary Regulation S Global Note of a series may be
exchanged for interests in a Regulation S Global Note of the same series only on
or after the termination of the Restricted Period and subject to the Applicable
Procedures, only in accordance with this Section 2.03(b)(ii). After the
expiration of the Restricted Period, upon delivery (A) by an owner of a
beneficial interest in a Temporary Regulation S Global Note to Euroclear or
Clearstream, as the case may be, of a written certification (an "Owner
Securities Certification") substantially in the form of Annex A-1 hereto, and
(B) by Euroclear or Clearstream, as the case may be, to the Trustee, as Security
Registrar, of a written certification (a "Depository Securities Certification")
substantially in the form attached hereto as Annex A-2 and receipt by the
Depository of (1) written instructions given in accordance with the Applicable
Procedures from an Agent Member directing the Depository to credit or cause to
be credited to a specified Agent Member's account a beneficial interest in the
Regulation S Global Note in a principal amount equal to that of the beneficial
interest in the Temporary Regulation S Global Note for which the necessary
certificates have been delivered, and (2) a written order given in accordance
with the Applicable Procedures containing information regarding the account of
the Agent Member, and the Euroclear or Clearstream account for which such Agent
Member's account is held, to be credited with, and the account of the Agent
Member (and the Euroclear or Clearstream account,

<PAGE>

as the case may be) to be debited for, such beneficial interest, and receipt by
the Trustee of notification from the Depository of such transactions, the
Trustee, as Security Registrar, shall instruct the Depository to reduce the
principal amount of the Temporary Regulation S Global Note and to increase the
principal amount of the Regulation S Global Note, by the principal amount of the
beneficial interest in such Temporary Regulation S Global Note to be so
transferred, and to credit or cause to be credited to the account of the Person
specified in such instructions a beneficial interest in the Regulation S Global
Note having a principal amount equal to the amount by which the principal amount
of the Temporary Regulation S Global Note was reduced upon such transfer.

      (iii) Until such time as the Restricted Period shall have terminated,
investors may hold interests in the Regulation S Temporary Global Note only
through Euroclear and Clearstream, unless delivery of such beneficial interest
upon transfer shall be made through a Restricted Global Note in accordance with
the requirements set forth in Section 2.06(e).

      (iv)  All Notes shall comply with all regulatory requirements of the
Luxembourg Stock Exchange.

      (c)   Restricted Global Notes. Notes of a series offered and sold in
reliance on Rule 144A shall be issued in the form of one or more Global Notes
(each, a "Restricted Global Note"), in fully registered form without Coupons,
substantially in the form set forth in Exhibit A-1, A-2 or A-3, as applicable,
with such applicable legends as are provided for in Section 2.01 of the
Indenture and Section 2.04 of this Supplemental Indenture, except as otherwise
permitted herein. Such Global Notes shall be registered in the name of the
Depository or its nominee and deposited with the Trustee, as Custodian, duly
executed by the Corporation and authenticated by the Trustee as hereinafter
provided, for credit to the respective accounts of holders of beneficial
interests in such Notes or to such other accounts as they may direct. The
aggregate principal amount of a Restricted Global Note of a series may be
increased or decreased from time to time by adjustments made on the records of
the Trustee, as Custodian, in connection with a corresponding decrease or
increase in the aggregate principal amount of the Notes as herein provided.

      (d)   Institutional Accredited Investor Notes. Notes of a series that are
to be offered and sold to Institutional Accredited Investors that are not
Qualified Institutional Buyers, sold in each case to an Institutional Accredited
Investor that has executed and delivered to the Trustee, as Security Registrar,
a letter substantially in the form of Annex E-1 hereto (an "Accredited Investor
Letter"), shall be issued as a Global Note (the "IAI Global Note") or as
Certificated Notes, allocated as directed by the Initial Purchasers, each
substantially in the form set forth in Exhibit A-1, A-2 or A-3, as applicable,
with such applicable legends as are provided for in Section 2.01 of the
Indenture and Section 2.04 of this Supplemental Indenture. IAI Certificated
Notes may be transferred and exchanged for interests in the applicable Global
Note pursuant to Section 2.06(f). IAI Certificated Notes and beneficial
interests in an IAI Global Note may also be transferred to another Institutional
Accredited Investor and exchanged for an IAI Certificated Note or a beneficial
interest in an IAI Global Note pursuant to Section 2.06(g). IAI Certificated
Notes issued in connection with the initial offering and sale by the Initial
Purchasers shall be duly executed by the Corporation and authenticated by the
Trustee as provided herein and in the

<PAGE>

Indenture, and shall be registered in the name of the Institutional Accredited
Investor purchasing such Note or its nominee and shall bear the Restricted Note
Legend.

      Section 2.04 LEGENDS FOR NOTES.

Every Note that is a Global Note, a Restricted Note or a Regulation S Global
Note authenticated and delivered hereunder shall bear one or more of the
appropriate legends in substantially the following forms, as appropriate:

RESTRICTED NOTE LEGEND

[If the Note is a Restricted Note or a Temporary Regulation S Note, then insert:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS
EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE
HOLDER (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS
DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS AN INSTITUTIONAL
"ACCREDITED INVESTOR" (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) UNDER THE
SECURITIES ACT) (AN "INSTITUTIONAL ACCREDITED INVESTOR"), OR (C) IT IS NOT A
U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN
COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT; (2) AGREES THAT IT WILL NOT,
WITHIN THE TIME PERIOD REFERRED TO IN RULE 144(k) UNDER THE SECURITIES ACT AS IN
EFFECT ON THE DATE OF THE TRANSFER OF THIS SECURITY, RESELL OR OTHERWISE
TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER THEREOF OR ANY SUBSIDIARY
THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A
UNDER THE SECURITIES ACT, (C) IN A PRINCIPAL AMOUNT OF NOT LESS THAN $250,000 TO
AN INSTITUTIONAL ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER, FURNISHES TO
THE TRUSTEE (OR A SUCCESSOR TRUSTEE, AS APPLICABLE), A SIGNED LETTER CONTAINING
CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER
OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE)
AND, IF REQUESTED BY THE ISSUER, AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO
THE ISSUER THEREOF TO THE EFFECT THAT THE TRANSFER IS BEING MADE PURSUANT TO AN
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE
TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (E) PURSUANT
TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT
(IF AVAILABLE) OR (F) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS
SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN
CONNECTION WITH ANY TRANSFER OF THIS SECURITY WITHIN THE TIME PERIOD REFERRED TO
IN RULE 144(k) UNDER THE

<PAGE>

SECURITIES ACT AFTER THE ORIGINAL ISSUANCE OF THE SECURITIES, THE HOLDER MUST
TRANSFER AND SUBMIT THIS SECURITY TO THE TRUSTEE. AS USED HEREIN, THE TERMS
"OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S. PERSON" HAVE THE MEANINGS
GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT. THE INDENTURE CONTAINS
PROVISIONS REQUIRING THE TRUSTEE TO REFUSE TO REGISTER ANY TRANSFER OF THIS
SECURITY IN VIOLATION OF THE FOREGOING RESTRICTIONS.]

TEMPORARY REGULATION S LEGEND

[If the Note is a Temporary Regulation S Global Note, then insert:

THIS SECURITY IS A TEMPORARY REGULATION S GLOBAL NOTE WITHIN THE MEANING OF THE
INDENTURE REFERRED TO HEREINAFTER. EXCEPT IN THE CIRCUMSTANCES DESCRIBED IN
SECTION 2.06(e) OF THE INDENTURE SUPPLEMENT, NO TRANSFER OR EXCHANGE OF AN
INTEREST IN THIS TEMPORARY GLOBAL NOTE MAY BE MADE FOR AN INTEREST IN A
RESTRICTED GLOBAL NOTE. NO TRANSFER OF AN INTEREST IN THIS TEMPORARY GLOBAL NOTE
MAY BE MADE PRIOR TO THE END OF THE RESTRICTED PERIOD EXCEPT UPON DELIVERY OF
THE OWNER SECURITIES CERTIFICATION, THE DEPOSITORY SECURITIES CERTIFICATION AND
THE TRANSFEREE SECURITIES CERTIFICATION RELATING TO SUCH INTEREST IN ACCORDANCE
WITH THE TERMS OF THE INDENTURE. NO EXCHANGE OF AN INTEREST IN THIS TEMPORARY
GLOBAL NOTE MAY BE MADE FOR AN INTEREST IN THE REGULATION S GLOBAL NOTE EXCEPT
ON OR AFTER THE TERMINATION OF THE RESTRICTED PERIOD AND UPON DELIVERY OF THE
OWNER SECURITIES CERTIFICATION AND THE DEPOSITORY SECURITIES CERTIFICATION
RELATING TO SUCH INTEREST IN ACCORDANCE WITH THE TERMS OF THE INDENTURE.]

REGULATION S LEGEND

[If the Note is a Regulation S Note, then insert:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), AND MAY NOT BE OFFERED, SOLD, OR DELIVERED IN
THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON,
UNLESS THIS SECURITY IS REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM
THE REGISTRATION REQUIREMENTS THEREOF IS AVAILABLE.]

GLOBAL NOTE LEGEND

[If the Note is a Global Note, then insert:

THIS SECURITY IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER
REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY
REGISTERED, AND NO

<PAGE>

TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF
ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.]

DTC LEGEND

[If the Note is a Global Note and DTC is to be the Depository therefor, then
insert:

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE CORPORATION OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

IAI LEGEND

[If the Note is an IAI Certificated Note, then insert:

THIS SECURITY WILL NOT BE ACCEPTED IN EXCHANGE FOR A BENEFICIAL INTEREST IN A
GLOBAL NOTE, AND NO PORTION OF THIS SECURITY MAY BE TRANSFERRED, UNLESS THE
HOLDER OF THIS SECURITY, SUBSEQUENT TO SUCH EXCHANGE OR TRANSFER, WILL HOLD A
NOTE OF THE SAME SERIES IN A MINIMUM AGGREGATE PRINCIPAL AMOUNT OF AT LEAST TWO
HUNDRED FIFTY THOUSAND DOLLARS ($250,000).]

      Section 2.05 TRANSFER AND EXCHANGE OF GLOBAL NOTES GENERALLY.

      (a)   Each Global Note authenticated under the Indenture shall be
registered in the name of the Depository designated for such Global Note or a
nominee thereof and delivered to such Depository or a nominee thereof or
custodian therefor, and each such Global Note shall constitute a single Note for
all purposes of the Indenture.

      (b)   Notwithstanding any other provision in the Indenture or the Notes,
except as provided in Section 2.05(c) and (d) and Section 2.06(g), no Global
Note of any series or any beneficial interest therein may be exchanged in whole
or in part for a Note of that series registered, and no transfer of a Global
Note of a series in whole or in part may be registered, in the name of any
Person other than the Depository or a nominee thereof.

      (c)   A Global Note shall be exchanged for Certificated Notes pursuant to
this Section 2.05(c) and Section 2.05(d) if (i) the Depository (A) has notified
the Corporation that it is unwilling or unable to continue as Depository for the
Global Notes and a successor Depository has not been appointed by the
Corporation within 90 days of receipt by the Corporation of such

<PAGE>

notification or (B) has ceased to be a clearing agency registered under the
Exchange Act and a successor Depository has not been appointed by the
Corporation within 90 days after the Corporation became aware of such cessation,
(ii) the Corporation, at its option, notifies the Trustee in writing that it
elects to cause the issuance of Certificated Notes to the holders of beneficial
interests in the Global Notes or (iii) there shall have occurred and be
continuing an Event of Default with respect to any Global Note. Any Global Note
of a series exchanged pursuant to clause (i) above shall be so exchanged in
whole and not in part and any Global Note of a series exchanged pursuant to
clause (ii) or (iii) above may be exchanged in whole or from time to time in
part as directed by the Corporation or the Trustee.

      (d)   Certificated Notes issued in exchange for a Global Note of a series
or any portion thereof pursuant to Section 2.05(c) shall have an aggregate
principal amount equal to that of such Global Note or portion thereof to be so
exchanged, shall be registered in such names and be in such authorized
denominations as the Depository shall designate and shall bear any legends
required hereunder. Any Global Note of a series to be exchanged in whole shall
be surrendered by the Depository to the Trustee, as Security Registrar. With
regard to any Global Note of a series to be exchanged in part, either such
Global Note shall be so surrendered for exchange or, if the Trustee is acting as
the Custodian with respect to such Global Note, the principal amount thereof
shall be reduced by an amount equal to the portion thereof to be so exchanged by
means of an appropriate adjustment made on the records of the Trustee. Upon any
such surrender or adjustment, the Trustee shall authenticate and make available
for delivery one or more Certificated Notes of such series issuable on such
exchange to or upon the written order of the Depository or an authorized
representative thereof. In the event of the occurrence of any of the events
specified in Section 2.05(c), the Corporation shall promptly make available to
the Trustee a reasonable supply of Certificated Notes.

      (e)   In connection with any other transfer or exchange of any Global Note
or portion thereof or of any beneficial interest therein pursuant to the
Indenture and Section 2.04(b)(ii) or Section 2.06 of this Supplemental
Indenture, if any Global Note is transferred or exchanged in whole or all of the
beneficial interests therein shall be transferred or exchanged for interests in
other Global Notes or for Certificated Notes, such Global Note shall be
surrendered by the Depository to the Trustee, as Security Registrar. If any
Global Note is transferred or exchanged in part or beneficial interests therein
are transferred or exchanged for beneficial interests in other Global Notes or
Certificated Notes, either such Global Note shall be so surrendered for exchange
or, if the Trustee is acting as the Custodian with respect to such Global Note,
the principal amount thereof shall be reduced by an amount equal to the portion
thereof or beneficial interest therein to be so exchanged by means of an
appropriate adjustment made on the records of the Trustee and in the case of any
transfer or exchange for beneficial interests in another Global Note, the
principal amount thereof shall be increased by an amount equal to the portion
thereof to be so exchanged by means of an appropriate adjustment made on the
records of the Trustee.

      (f)   No Agent Members nor any other Persons on whose behalf Agent Members
may act (including Euroclear and Clearstream and account holders and
participants therein and any holder or holder of any beneficial interest in any
Global Note) shall have any rights under the Indenture with respect to any
Global Note, or under any Global Note, and the Depository or such nominee, as
the case may be, may be treated by the Corporation, the Trustee and any agent of
the Corporation or the Trustee as the absolute owner and holder of such Global
Note for all purposes

<PAGE>

whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the
Corporation, the Trustee or any agent of the Corporation or the Trustee from
giving effect to any written certification, proxy or other authorization
furnished by the Depository or such nominee, as the case may be, or impair, as
between the Depository, its Agent Members and any other person on whose behalf
an Agent Member may act, the operation of customary practices of such Persons
governing the exercise of the rights of a holder of any Note. Neither the
Corporation, the Trustee nor the Securities Registrar shall have any liability
in respect of any transfers effected by the Depository or by any Agent Member or
any other Person that acquires a beneficial interest in a Note. Neither the
Trustee nor the Depository shall have any duty or obligation to monitor
compliance with any restrictions on transfer with respect to the transfer of any
interest in the Securities (including transfers between Agent Members or any
such other Persons that acquire a beneficial interest in a Note) other than to
require delivery of any documents or certificates specifically required by the
Indenture.

      Section 2.06 CERTAIN TRANSFERS AND EXCHANGES

      Notwithstanding any other provision of the Indenture or the Notes,
transfers and exchanges of Notes and beneficial interests in a Global Note of
the kinds specified in this Section 2.06 shall be made only in accordance with
this Section 2.06.

      (a)   Limitation on Transfers of a Global Note. A Global Note of a series
may not be transferred, in whole or in part, to any Person other than DTC or a
nominee thereof, and no such transfer to any such other Person may be
registered; provided that this Section 2.06(a) shall not prohibit any transfer
of a Note of a series that is issued in exchange for a Global Note of that
series but is not itself a Global Note pursuant to Section 2.05(c) and (d) and
Section 2.06(g) of this Supplemental Indenture. No transfer of a Note of a
series to any Person shall be effective under the Indenture or the Notes unless
and until such Note has been registered in the name of such Person. Nothing in
this Section 2.06(a) shall prohibit or render ineffective any transfer of a
beneficial interest in a Global Note effected in accordance with the other
provisions of this Section 2.06.

      (b)   Temporary Regulation S Global Note. If the holder of a beneficial
interest in a Temporary Regulation S Global Note of a series wishes at any time
to transfer such interest to a Person who wishes to take delivery thereof in the
form of a beneficial interest in such Temporary Regulation S Global Note, such
transfer may be effected, subject to the Applicable Procedures, only in
accordance with this Section 2.06(b). Upon delivery (i) by a holder of a
beneficial interest in a Temporary Regulation S Global Note to Euroclear or
Clearstream, as the case may be, of an Owner Securities Certification, (ii) by
the transferee of such beneficial interest in the Temporary Regulation S Global
Note to Euroclear or Clearstream, as the case may be, of a written certification
(a "Transferee Securities Certification") substantially in the form of Annex A-3
hereto and (iii) by Euroclear or Clearstream, as the case may be, to the
Trustee, as Security Registrar, of a Depository Securities Certification, the
Trustee may direct either Euroclear or Clearstream, as the case may be, to
reflect on its records the transfer of a beneficial interest in a Temporary
Regulation S Global Note from the holder of such beneficial interest providing
the Owner Securities Certification to the Person providing the Transferee
Securities Certification.

<PAGE>

      (c)   Restricted Global Note to Temporary Regulation S Global Note. If the
holder of a beneficial interest in a Restricted Global Note wishes at any time
to transfer such interest to a Person who wishes to take delivery thereof in the
form of a beneficial interest in a Temporary Regulation S Global Note, such
transfer may be effected, subject to the Applicable Procedures, only in
accordance with the provisions of this Section 2.06(c). Upon receipt by the
Trustee, as Security Registrar, of (i) written instructions given in accordance
with the Applicable Procedures from an Agent Member directing the Trustee to
credit or cause to be credited to a specified Agent Member's account a
beneficial interest in a Temporary Regulation S Global Note in a principal
amount equal to that of the beneficial interest in a Restricted Global Note to
be so transferred, (ii) a written order given in accordance with the Applicable
Procedures containing information regarding the account of the Agent Member (and
the Euroclear or Clearstream account, as the case may be) to be credited with,
and the account of the Agent Member to be debited for, such beneficial interest
and (iii) a certificate in substantially the form set forth in Annex B-1 hereto
given by the holder of such beneficial interest, the Trustee, as Security
Registrar, shall instruct the Depository to reduce the principal amount of the
applicable Restricted Global Note, and to increase the principal amount of a
Temporary Regulation S Global Note, by the principal amount of the beneficial
interest in a Restricted Global Note to be so transferred, and to credit or
cause to be credited to the account of the Person specified in such instructions
(which shall be an account of the Agent Member held through Euroclear or
Clearstream) a beneficial interest in a Temporary Regulation S Global Note
having a principal amount equal to the amount by which the principal amount of
the Restricted Global Note was reduced upon such transfer.

      (d)   Restricted Global Note to Regulation S Global Note. If the holder of
a beneficial interest in a Restricted Global Note wishes at any time to transfer
such interest to a Person who wishes to take delivery thereof in the form of a
beneficial interest in a Regulation S Global Note, such transfer may be
effected, subject to the Applicable Procedures, only in accordance with this
Section 2.06(d). Upon receipt by the Trustee, as Security Registrar, of (i)
written instructions given in accordance with the Applicable Procedures from an
Agent Member directing the Trustee to credit or cause to be credited to a
specified Agent Member's account a beneficial interest in a Regulation S Global
Note in a principal amount equal to that of the beneficial interest in a
Restricted Global Note to be so transferred, (ii) a written order given in
accordance with the Applicable Procedures containing information regarding the
account of the Agent Member (and, if applicable, the Euroclear or Clearstream
account, as the case may be) to be credited with, and the account of the Agent
Member to be debited for, such beneficial interest and (iii) a certificate in
substantially the form set forth in Annex B-2 hereto given by the holder of such
beneficial interest, the Trustee, as Security Registrar, shall instruct the
Depository to reduce the principal amount of the applicable Restricted Global
Note, and to increase the principal amount of a Regulation S Global Note, by the
principal amount of the beneficial interest in the Restricted Global Note to be
so transferred, and to credit or cause to be credited to the account of the
Person specified in such instructions a beneficial interest in a Regulation S
Global Note having a principal amount equal to the amount by which the principal
amount of the Restricted Global Note was reduced upon such transfer.

      (e)   Temporary Regulation S Global Note or Regulation S Global Note to
Restricted Global Note. If the holder of a beneficial interest in a Temporary
Regulation S Global Note or a Regulation S Global Note wishes at any time to
transfer such interest to a Person who wishes to

<PAGE>

take delivery thereof in the form of a beneficial interest in a Restricted
Global Note, such transfer may be effected, subject to the Applicable
Procedures, only in accordance with this Section 2.06(e). Upon receipt by the
Trustee, as Security Registrar, of (i) written instructions given in accordance
with the Applicable Procedures from an Agent Member directing the Trustee to
credit or cause to be credited to a specified Agent Member's account a
beneficial interest in a Restricted Global Note in a principal amount equal to
that of the beneficial interest in a Temporary Regulation S Global Note or a
Regulation S Global Note to be so transferred, (ii) a written order given in
accordance with the Applicable Procedures containing information regarding the
account of the Agent Member to be credited with, and the account of the Agent
Member (and, if applicable, the Euroclear or Clearstream account, as the case
may be) to be debited for, such beneficial interest and (iii) a certificate in
substantially the form set forth in Annex C hereto given by the holder of such
beneficial interest, the Trustee, as Security Registrar, shall instruct the
Depository to reduce the principal amount of the applicable Temporary Regulation
S Global Note or the applicable Regulation S Global Note, as the case may be,
and to increase the principal amount of a Restricted Global Note, by the
principal amount of the beneficial interest in the Temporary Regulation S Global
Note or the Regulation S Global Note to be so transferred, and to credit or
cause to be credited to the account of the Person specified in such instructions
a beneficial interest in a Restricted Global Note having a principal amount
equal to the amount by which the principal amount of the Temporary Regulation S
Global Note or the Regulation S Global Note, as the case may be, was reduced
upon such transfer.

      (f)   Non-Global Restricted Note to Global Note. If the Holder of a
Restricted Note (other than a Global Note) wishes at any time to transfer all or
a portion of such Note to a Person who wishes to take delivery thereof in the
form of a beneficial interest in a Restricted Global Note, a Temporary
Regulation S Global Note, a Regulation S Global Note or an IAI Global Note, in
each case, such transfer may be effected, subject to the Applicable Procedures,
only in accordance with this Section 2.06(f). Upon receipt by (i) the Depository
of (A) written instructions given in accordance with the Applicable Procedures
from an Agent Member directing the Depository to credit or cause to be credited
to a specified Agent Member's account a beneficial interest in a Restricted
Global Note, a Temporary Regulation S Global Note, a Regulation S Global Note or
an IAI Global Note, as the case may be, in a specified principal amount equal to
the principal amount of the Restricted Note (or portion thereof) to be so
transferred, (B) a written order given in accordance with the Applicable
Procedures containing information regarding the account of the Agent Member
(and, in the case of any transfer pursuant to Regulation S, if applicable, the
Euroclear and Clearstream account, as the case may be) to be credited with such
beneficial interest, and (C) (1) an appropriately completed certificate of the
transferor substantially in the form set forth in Annex D-1 hereto, if the
specified account is to be credited with a beneficial interest in a Restricted
Global Note, or (2) an appropriately completed certificate of the transferor
substantially in the form set forth in Annex D-2 hereto, if the specified
account is to be credited with a beneficial interest in a Temporary Regulation S
Global Note or a Regulation S Global Note, given by the holder of such
beneficial interest, or (3) an appropriately completed certificate or the
transferor substantially in the form of Annex D-3 hereto and an Accredited
Investor Letter from the transferee and if the Corporation so requests, an
opinion of counsel or other evidence reasonably satisfactory to it as to the
compliance with the restrictions set forth in the Restricted Note Legend, if the
specified account is to be credited with a beneficial interest in an IAI Global
Note, and (ii) the Trustee of (A) the Restricted Note to be so transferred, (B)
notification from the Depository of the transaction described in clause (i)

<PAGE>

above, (C) the certificate(s) described in clause (i)(C) above, and (D) in the
case of any transfer to which subclause (3) of clause (C) above is applicable,
any opinion of counsel or other evidence referred to therein, the Trustee, as
Security Registrar, shall cancel such Restricted Note (and issue a new Note in
respect of any untransferred portion thereof) as provided in Section 2.05 of the
Indenture and shall instruct the Depository to increase the principal amount of
the applicable Global Note by the principal amount of the Note to be so
transferred, and to credit or cause to be credited to the account of the Person
specified in such instructions a beneficial interest in the applicable Global
Note in such principal amount.

The Trustee shall not be required to accept for such registration of transfer or
exchange any Restricted Note unless the Trustee and the Corporation are
satisfied that such transfer or exchange is being effected in compliance with
the restrictions on transfer as set forth in the Indenture and in such Note.

      (g)   Other Transfers to Institutional Accredited Investors. If the Holder
of an IAI Certificated Note wishes at any time to transfer all or a portion of
such Note to another Institutional Accredited Investor that is not a Qualified
Institutional Buyer and such Person wishes to receive in exchange for such Note
or portion thereof one or more IAI Certificated Notes or the holder of a
beneficial interest in a Restricted Global Note, Regulation S Global Note or IAI
Global Note wishes to transfer such beneficial interest or a portion thereof to
an Institutional Accredited Investor that is not a Qualified Institutional
Buyer, such transfer may be effected, only in accordance with this Section
2.06(g). When an IAI Certificated Note is presented to the Trustee, as Security
Registrar, with a request to register the transfer of such IAI Certificated
Notes, the Trustee, as Security Registrar shall register the transfer, and the
Trustee shall authenticate and deliver one or more Certificated Notes pursuant
to Section 2.05 of the Indenture; provided, however, that the Certificated Notes
surrendered for transfer shall be accompanied by an appropriately completed
certificate of the transferor substantially in the form of Annex E-2 hereto and
an Institutional Accredited Investor Letter of the transferee and if the
Corporation so requests, an opinion of counsel or other evidence reasonably
satisfactory to it as to the compliance with the restrictions set forth in the
Restricted Note Legend. If the holder of a beneficial interest in a Restricted
Global Note, Regulation S Global Note or IAI Global Note wishes to transfer such
interest to an Institutional Accredited Investor that is not a Qualified
Institutional Buyer that wishes to receive in exchange for such interest a
beneficial interest in an IAI Global Note, upon receipt by the Trustee, as
Security Registrar, of (i) a written order given in accordance with the
Applicable Procedures containing information regarding the account of the Agent
Member to be credited with, and the account of the Agent Member (and, if
applicable, the Euroclear or Clearstream account, as the case may be) to be
debited for, such beneficial interest, (ii) a certificate of the transferor in
substantially the form set forth in Annex E-3 hereto, (iii) an Institutional
Accredited Investor Letter of the transferee and (iv) if the Corporation so
requests, an opinion of counsel or other evidence reasonably satisfactory to it
as to the compliance with the restrictions set forth in the Restricted Note
Legend, the Trustee, as Security Registrar, except in the case of a transfer of
an interest in an IAI Global Note, shall instruct the Depository to reduce the
principal amount of the applicable Global Note and increase the principal amount
of the applicable IAI Global Note, by the principal amount of the beneficial
interest in the Global Note to be so transferred, and to credit or cause to be
credited to the account of the Person specified in such instructions a
beneficial interest in the applicable Global Note in such principal amount. If
the holder of a beneficial interest in a Restricted Global Note, Regulation S
Global

<PAGE>

Note or IAI Global Note wishes to transfer such interest to an Institutional
Accredited Investor that is not a Qualified Institutional Buyer that wishes to
receive in exchange for such interest an IAI Certificated Note, upon receipt by
the Trustee, as Security Registrar, of (i) a written order given in accordance
with the Applicable Procedures containing information regarding the account of
the Agent Member (and, if applicable, the Euroclear or Clearstream account, as
the case may be) to be debited for such beneficial interest, (ii) a certificate
of the transferor in substantially the form set forth in Annex E-4 hereto, (iii)
an Institutional Accredited Investor Letter of the transferee and (iv) if the
Corporation so requests, an opinion of counsel or other evidence reasonably
satisfactory to it as to the compliance with the restrictions set forth in the
Restricted Note Legend, the Trustee, as Security Registrar, shall instruct the
Depository to reduce the principal amount of the applicable Global Note, by the
principal amount of the beneficial interest in the Global Note to be so
transferred, and shall register the transfer and the Trustee shall authenticate
and deliver one or more Certificated Notes pursuant to Section 2.05 of the
Indenture.

      (h)   Other Transfers. (i) In the event that a Global Note or any portion
thereof is exchanged for Notes other than Global Notes, such other Notes may in
turn be exchanged (on transfer or otherwise) for Notes that are not Global Notes
or for beneficial interests in a Global Note (if any is then outstanding) only
in accordance with such procedures, which shall be substantially consistent with
the provisions of Sections 2.06(a)-(g) above (including the certification
requirements intended to insure that transfers and exchanges of beneficial
interests in a Global Note comply with Rule 144A, Rule 144 (if available) or
Regulation S, as the case may be) and any Applicable Procedures, as may be from
time to time adopted by the Corporation and the Trustee; provided that except as
permitted in clause (iii) of this Section 2.06(h), no beneficial interest in a
Temporary Regulation S Global Note shall be exchangeable for a definitive Note
until the expiration of the Restricted Period and then only for an IAI
Certificated Note as provided in Section 2.06(g).

            (ii)  Notwithstanding any other provision of this Section 2.06, an
Initial Purchaser may exchange beneficial interests in a Temporary Regulation S
Global Note of that series held by it for one or more IAI Certificated Notes of
that series or a beneficial interest in a Restricted Global Note or an IAI
Global Note of that series upon delivery by such initial purchaser of
instructions for such exchange substantially in the form of Annex F. Upon
receipt of the instruction described in the preceding sentence, the Trustee
shall instruct the Depository to reduce the principal amount of a Temporary
Regulation S Global Note by the principal amount of the beneficial interest in
such Temporary Regulation S Global Note to be so transferred and either (A) the
Trustee shall instruct the Depository to increase the principal amount of the
Restricted Global Note or IAI Global Note and credit or cause to be credited to
the account of such initial purchaser a beneficial interest in such Global Note
having a principal amount equal to the amount by which the principal amount of
the Temporary Regulation S Global Note was reduced upon such transfer or (B)
authenticate and deliver one or more IAI Certificated Notes in definitive form
and in the aggregate principal amount of the beneficial interest in the
Temporary Regulation S Global Note to be so transferred, pursuant to the
instructions described in the first sentence of this paragraph.

            (ii)  In addition to the foregoing, the Trustee, as Security
Registrar, shall effect and register, upon receipt of a written request from the
Corporation to do so, a transfer not

<PAGE>

otherwise permitted by this Section 2.06, such registration to be done in
accordance with the otherwise applicable provisions of Section 2.05 of the
Indenture, Section 2.05(e) and this Section 2.06, upon the furnishing by the
proposed transferor or transferee of a written opinion of counsel (which opinion
and counsel are satisfactory to the Corporation and the Trustee) to the effect
that, and such other certifications or information as the Corporation or the
Trustee may require to confirm that, the proposed transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. The Corporation may require
such transfer to be effected by the issuance of Certificated Notes.

      (i)   Securities Act Legends. Restricted Notes and their Successor Notes
shall bear the legends required by Section 2.03 of the Indenture and Section
2.04 of this Supplemental Indenture, subject to the following:

            (i)   subject to the following clauses of this Section 2.06(i), a
Note of a series or any portion thereof which is issued in exchange for a
beneficial interest in a Global Note of that series shall bear the Securities
Act Legends borne by such Global Note while represented thereby;

            (ii)  subject to the following clauses of this Section 2.06(i), a
new Note of a series which is not a Global Note and is issued in exchange for
another Note of that series or any portion thereof or a beneficial interest in a
Global Note of that series, upon transfer or otherwise, shall bear the
Securities Act Legend borne by such other Note, provided that, if such new Note
is required pursuant to Section 2.06(e) to be issued in the form of a Restricted
Note, it shall bear a Restricted Note Legend and, if such new Note is so
required to be issued in the form of a Regulation S Note, it shall bear a
Regulation S Legend;

            (iii) SEC-Registered Notes and Regulation S Notes that are not
Temporary Regulations S Notes shall not bear a Securities Act Legend;

            (iv)  at any time after the Notes of a series may be freely
transferred without registration under the Securities Act or without being
subject to transfer restrictions pursuant to the Securities Act, a new Note of
that series which does not bear a Securities Act Legend may be issued in
exchange for or in lieu of a Note of that series (other than a Global Note) or
any portion thereof which bears such a legend if the Trustee has received a
certificate in form and substance satisfactory to the Trustee and the
Corporation and duly executed by the Holder of such legended Note or his
attorney duly authorized in writing, and after such date and receipt of such
certificate, the Trustee shall authenticate and deliver such a new Note in
exchange for or in lieu of such other Note as provided in Article Two of the
Indenture and this Section 2.06;

            (v)   a new Note of a series which does not bear a Securities Act
Legend may be issued in exchange for or in lieu of a Note of that series (other
than a Global Note) or any portion thereof which bears such a legend if, in the
Corporation's judgment, placing such a legend upon such new Note is not
necessary to ensure compliance with the registration requirements of the
Securities Act, and the Trustee, at the direction of the Corporation, shall
authenticate and deliver such a new Note as provided in Article Two of the
Indenture and this Section 2.06; and

<PAGE>

            (vi)  notwithstanding the foregoing provisions of this Section
2.06(i), a Successor Note of a Note of a series that does not bear a particular
form of Securities Act Legend shall not bear such form of legend unless the
Corporation has reasonable cause to believe that such Successor Note is a
"restricted security" within the meaning of Rule 144 under the Securities Act,
in which case the Trustee, at the direction of the Corporation, shall
authenticate and deliver a new Note of that series bearing a Restricted Note
Legend in exchange for such Successor Note as provided in Article Two of the
Indenture and this Section 2.06.

      Section 2.07 U.S. CURRENCY.

                  All payments of the principal of (and premium, if any) and
interest on the Notes shall be made in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts.

<PAGE>

                                  ARTICLE III

                           ADDITIONAL EVENT OF DEFAULT

      Section 3.01 ADDITIONAL EVENT OF DEFAULT. In addition to each other Event
of Default set forth in Section 6.01 of the Indenture, an "Event of Default"
with respect to the Notes, for all purposes under the Indenture, as supplemented
by this Supplemental Indenture and as it may from time to time be further
supplemented or amended by one or more indentures supplemental thereto, and the
Notes, shall include: any default in the performance by the Corporation or any
Subsidiary of any term or provision of any evidence of Indebtedness (including
this Supplemental Indenture), whether such Indebtedness now exists or shall
hereafter be created, or any other condition shall occur, and as a result of the
occurrence of such default or condition any Indebtedness of the Corporation or
any Subsidiary in an amount in excess of $50,000,000 shall become or be declared
to be due and payable, or the Corporation or any Subsidiary shall be obligated
to purchase any such Indebtedness, prior to the date on which it would otherwise
become due and payable, or any Indebtedness of the Corporation or any Subsidiary
in an amount in excess of $50,000,000 shall not be paid when due at the stated
maturity thereof. For the purposes of the Indenture as so supplemented, the
foregoing Event of Default shall be deemed an Event of Default other than the
one described in clause (e) or (f) thereof.

                                   ARTICLE IV

                            MISCELLANEOUS PROVISIONS

      Section 4.01 RATIFICATION. The Indenture, as supplemented and amended by
this Supplemental Indenture, is in all respects hereby adopted, ratified and
confirmed.

      Section 4.02 COUNTERPARTS. This Supplemental Indenture may be executed in
any number of counterparts, each of which when so executed shall be deemed an
original, and all such counterparts shall together constitute but one and the
same instrument.

      Section 4.03 GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE AND EACH NOTE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK.

                            [signature page follows]

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the day and year first above written.

                                              RESIDENTIAL CAPITAL CORPORATION

                                              By: /s/ Davee L. Olson
                                                  ------------------------------
                                                  Name: Davee L. Olson
                                                  Title: Chief Financial Officer
                                                         and Director

                                              GMAC RESIDENTIAL HOLDING CORP.,
                                              as Guarantor

                                              By: /s/ James R. Hillsman
                                                  ------------------------------
                                                  Name: James R. Hillsman
                                                  Title: Chief Financial Officer

                                              GMAC MORTGAGE CORPORATION,
                                              as Guarantor

                                              By: /s/ James R. Hillsman
                                                  ------------------------------
                                                  Name: James R. Hillsman
                                                  Title: Chief Financial Officer

                                              GMAC-RFC HOLDING CORP.,
                                              as Guarantor

                                              By: /s/ Bruce J. Paradis
                                                  ------------------------------
                                                  Name: Bruce J. Paradis
                                                  Title: President

<PAGE>

                                           RESIDENTIAL FUNDING CORPORATION,
                                           as Guarantor

                                           By: /s/ Bruce J. Paradis
                                               ------------------------------
                                               Name: Bruce J. Paradis
                                               Title: President

                                           HOMECOMINGS FINANCIAL NETWORK, INC.,
                                           as Guarantor

                                           By: /s/ Michael J. Kozlak
                                               ------------------------------
                                               Name: Michael J. Kozlak
                                               Title: President

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                           as Trustee

                                           By: /s/ Wanda Camacho
                                               ------------------------------
                                               Name: Wanda Camacho
                                               Title: Vice President

<PAGE>

                                                                     EXHIBIT A-1

                               [Form of 2010 Note]

[Insert any legend as required by Section 2.04 of the Supplemental Indenture]

[Insert any legend required by the Internal Revenue Code and the regulations
thereunder.]

                         RESIDENTIAL CAPITAL CORPORATION

                              6.375% Note due 2010

No. [ ]                                                            $[          ]

Residential Capital Corporation, a Delaware corporation (the "Corporation,"
which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to [ ], or registered
assigns, the principal sum of $[      ] Dollars on June 30, 2010 (unless
redeemed in whole or in part prior to such date as provided on the reverse of
this Note), and to pay interest thereon from June 24, 2005 or from the most
recent Interest Payment Date to which interest has been paid or duly provided
for, semi-annually on June 30 and December 30 in each year, commencing December
30, 2005, at the rate of 6.375% per annum, subject to adjustment from time to
time as set forth [in the following proviso and] on the reverse of this Note,
until the principal hereof is paid or made available for payment, [If this Note
is not an SEC-Registered Note, then insert - ; provided, however, that if (i)
the Corporation has not consummated the Exchange Offer within the meaning of the
Registration Agreement, or (ii) any Shelf Registration Statement required to be
filed pursuant to the Registration Agreement has not been filed and declared
effective, in either case, on or prior to the date that is 390 days after the
Issue Date of this Note and upon the terms and conditions set forth in the
Registration Agreement (each such event referred to in clause (i) and (ii), a
"Registration Default"), then additional interest shall accrue (in addition to
the stated interest on this Note) at an additional annual rate of 0.25% per
annum for the first 90-day period immediately thereafter and an additional 0.25%
per annum with respect to each subsequent 90-day period up to a maximum of 1.00
% per annum of additional interest, in either case, until each such Registration
Default is cured. That portion of interest accruing as a result of a
Registration Default is referred to herein as "Additional Interest."]

Whenever in this Note or in the Indenture there is a reference, in any context,
to the payment of the principal of, premium, if any, or interest on, or in
respect of, any Note, such mention shall be deemed to include mention of the
payment of [Additional Interest (if any) and] Adjustment Interest (as defined on
the reverse of this Note) (if any) payable as described in this Note to the
extent that, in such context, [Additional Interest and/or] Adjustment Interest
is, was or would be payable in respect of this Note and express mention of the
payment of [Additional Interest (if any) or] Adjustment Interest (if any) in any
provisions of this Note shall not be construed as excluding [Additional Interest
or] Adjustment Interest in those provisions of this Note where such express
mention is not made.

                                  Exhibit A-1-1
<PAGE>

Any accrued and unpaid interest on this Note upon the issuance of an Exchange
Note (as defined in the Indenture) in exchange for this Note shall cease to be
payable to the Holder hereof but such accrued and unpaid interest shall be
payable on the next Interest Payment Date for such Exchange Note to the Holder
thereof on the related Regular Record Date.

The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date shall, as provided in the Indenture, be paid to the Person
in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the Regular Record Date for such interest, which shall be
the June 15 or December 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually
paid or duly provided for shall forthwith cease to be payable to the Holder on
such Regular Record Date and shall be paid to the Person in whose name this Note
(or one or more Predecessor Notes) is registered at the close of business on a
subsequent Record Date for the payment of such defaulted interest to be fixed by
the Trustee, notice whereof shall be given to Holders of Notes of this series
not less than fifteen days preceding such subsequent Record Date, such Record
Date to be not less than five days preceding the date of payment of such
defaulted interest.

Payment of the principal of (and premium, if any) and interest on this Note
shall be made at the office or agency of the Corporation maintained for that
purpose in New York, New York, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Corporation payment
of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register.

Reference is hereby made to the further provisions of this Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place.

Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

IN WITNESS WHEREOF, the Corporation has caused this instrument to be duly
executed under its corporate seal.

Date:

                                              RESIDENTIAL CAPITAL CORPORATION,
                                              a Delaware corporation

                                              By:_______________________________

                                              By:_______________________________

                                  Exhibit A-1-2
<PAGE>

                          CERTIFICATE OF AUTHENTICATION

      This is one of the Securities of the series designated therein referred to
in the within-mentioned Indenture.

                                              DEUTSCHE BANK TRUST COMPANY
                                              AMERICAS, as Trustee

                                              By: ______________________________
                                                  Authorized Signatory

                                  Exhibit A-1-3
<PAGE>

                                [Reverse of Note]

This Note is one of a duly authorized issue of securities of the Corporation
(herein called the "Notes"), issued and to be issued in one or more series under
an Indenture, dated as of June 24, 2005, as supplemented by the Supplemental
Indenture dated as of June 24, 2005 (as so supplemented and as it may from time
to time be further supplemented or amended by one or more indentures
supplemental thereto, the "Indenture"), among the Corporation, the Guarantors
described therein and Deutsche Bank Trust Company Americas, as trustee (herein
called the "Trustee", which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Corporation, the Trustee and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof, limited in aggregate principal
amount to $2,500,000,000 provided that the Corporation may from time to time,
without notice to or the consent of the Holders of Notes, create and issue
further Notes of this series (the "Additional Notes") having the same terms and
ranking equally and ratably with the Notes in all respects, or in all respects
except for the payment of interest accruing prior to the Issue Date or except
for the first payment of interest following the Issue Date of such Additional
Notes. Any Additional Notes will be consolidated and form a single series with
the Notes and shall have the same terms as to status, redemption or otherwise as
the Notes.

The Notes of this series are subject to redemption upon not less than 30 days'
but no more than 60 days' notice by mail, at any time, as a whole or in part, at
the election of the Corporation, at a redemption price (the "Redemption Price")
equal to the greater of (1) 100 percent of the principal amount of the Notes to
be redeemed and (2) the sum of the present values of the remaining scheduled
payments of principal and interest thereon (exclusive of interest accrued to
that Redemption Date) discounted to the date of redemption (the "Redemption
Date") on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the Treasury Yield plus 40 basis points, plus,
in either case, accrued and unpaid interest on the principal amount being
redeemed to that Redemption Date; provided that installments of interest on the
Notes which are then due and payable on an Interest Payment Date falling on or
prior to the relevant Redemption Date shall be payable to the Holders of those
Notes, registered as such at the close of business on the relevant Record Date.
If less than all the Notes are to be redeemed at the Corporation's option, the
Trustee shall select, in such manner as it shall deem reasonable and fair, the
Notes to be redeemed in whole or in part. In the event of redemption of this
Note in part only, a new Note or Notes of this series and of like tenor for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon
the cancellation hereof.

"Treasury Yield" means, with respect to the Notes being redeemed, the yield to
maturity implied by (i) the yields reported as of the second business day prior
to the Redemption Date, on (a) the Bloomberg Financial Markets News screen PX1
or the equivalent screen provided by Bloomberg Financial Markets News, or (b) if
such on-line market data is not at that time provided by Bloomberg Financial
Markets News, on the display designated as "Page 500" on the Moneyline Telerate
service (or such other display as may replace Page 500 on the Moneyline Telerate
service), in any case for actively traded U.S. Treasury securities having a
maturity equal to the remaining term of the Notes this series as of the
Redemption Date, or (ii) if such yields are not reported at that time or the
yields reported as of that time are not ascertainable (including by way

                                  Exhibit A-1-4
<PAGE>

of interpolation), the Treasury Constant Maturity Series yields reported, for
the latest day for which such yields have been so reported at that time, in
Federal Reserve Statistical Release H.15 (519) (or any comparable successor
publication) for actively traded U.S. Treasury securities having a constant
maturity equal to the remaining term of the Notes of this series as of such
Redemption Date. Such implied yield will be determined, if necessary, by (x)
converting U.S. Treasury bill quotations to bond-equivalent yields in accordance
with accepted financial practices and (y) interpolating linearly between (1) the
actively traded U.S. Treasury security with a maturity closest to and greater
than the remaining term of the Notes of this series and (2) the actively traded
U.S. Treasury security with a maturity closest to and less than the remaining
term of the Notes of this series.

Upon the occurrence of a Rating Change (as defined herein), this Note will bear
interest at a rate equal to the rate that would be applicable without any
adjustment plus the applicable interest rate adjustment (each an "Interest Rate
Adjustment"), if any, set forth below. Each Interest Rate Adjustment will be
effective on the next Business Day after the Rating Change has occurred.
Thereafter, the Interest Rate Adjustment will remain in effect until the next
Rating Change that results in a different Interest Rate Adjustment as set forth
below. That portion of interest accruing as a result of an Interest Rate
Adjustment is referred to in this Note as "Adjustment Interest." The Corporation
will give prompt notice to the Trustee of any Rating Change and any related
Interest Rate Adjustment.

                            INTEREST RATE ADJUSTMENTS

   At any time the Notes are rated by two or more Rating Agencies (as defined
                          herein) and the ratings are:

<TABLE>
<S>                                 <C>                                    <C>                                     <C>
Below Investment Grade by one (and  One Rating Category Below Investment   Two or More Rating Categories Below     Two or More
not more than one) Rating Agency    Grade by two or more Rating Agencies   Investment Grade by one (and not more   Rating Categories
                                    (and not Two or More Rating            than one) Rating Agency and One Rating  Below Investment
                                    Categories Below Investment Grade      Category Below Investment Grade by any  Grade by two or
                                    by any Rating Agency).                 other Rating Agency                     more Rating
                                                                                                                   Agencies.
 --------------------------------   ---------------------------------      -------------------------------------   ----------------
            0.50%                                1.00%                                1.50%                            2.00%
</TABLE>

If at any time the Notes are rated by only one Rating Agency and the rating is
One Rating Category Below Investment Grade, the Interest Rate Adjustment will be
1.00%. If at any time the Notes are rated by only one Rating Agency and the
rating is Two or More Rating Categories Below Investment Grade, the Interest
Rate Adjustment will be 2.00%. If at any time the Notes are not rated by any
Rating Agency, the Interest Rate Adjustment will be 2.00%.

The interest rate on this Note will permanently cease to be subject to any
adjustment set forth above if (i) the Notes become rated Baa2, BBB and BBB or
higher by each of Moody's Investors

                                  Exhibit A-1-5
<PAGE>

Service, Inc., Standard & Poor's Ratings Group and Fitch, Inc., respectively (or
two of these ratings if only rated by two Rating Agencies), with a stable or
positive or equivalent outlook by each of the Rating Agencies or (ii) after the
Corporation exercises its right under the Indenture to defease the entire
indebtedness of the Notes referred to below.

"Below Investment Grade" means the Notes are rated lower than Baa3, BBB- or BBB-
by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or Fitch,
Inc., respectively.

"One Rating Category Below Investment Grade" means the Notes are rated Ba1, BB+
or BB+ by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or
Fitch, Inc., respectively.

"Rating Agencies" means Moody's Investors Service, Inc., Standard & Poor's
Ratings Group and Fitch, Inc., and their respective successors, individually
and/or collectively, as the context requires.

"Rating Change" means any change in any rating of the Notes or the Notes cease
to be rated by any Rating Agency and thereafter are rated by such Rating Agency.

"Two or More Rating Categories Below Investment Grade" means the Notes are rated
Ba2, BB or BB or lower by Moody's Investors Service, Inc., Standard & Poor's
Ratings Group or Fitch, Inc., respectively.

The Indenture contains provisions for defeasance at any time of the entire
indebtedness of the Notes or certain restrictive covenants and Events of Default
with respect to the Notes, in each case upon compliance with certain conditions
set forth in the Indenture.

If an Event of Default with respect to Notes of this series shall occur and be
continuing, the principal of the Notes of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the
Corporation, each Guarantor and the Trustee to enter into from time to time
indentures supplemental to the Indenture for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
the Indenture or of any supplemental indenture or modifying in any manner the
rights of the Holders of the Securities (including the Holders of the Notes), in
each case, with the consent of the Holders of not less than a majority of the
aggregate principal amount of the Securities of all series at the time
outstanding affected by such supplemental indenture (voting as a class). The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of the Notes of each series at the
time outstanding, on behalf of the Holders of all Notes of such series, to waive
compliance by the Corporation with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon such
Note.

As provided in and subject to the provisions of the Indenture, the Holder of
this Note shall not have the right to institute any action or proceeding with
respect to the Indenture or for the

                                 Exhibit A-1-6
<PAGE>

appointment of a receiver or trustee or for any other remedy thereunder, unless
such Holder shall have previously given the Trustee written notice of a
continuing default with respect to the Notes of this series, and the Holders of
not less than 25% in aggregate principal amount of the Notes of this series at
the time outstanding shall have made written request to the Trustee to institute
such action or proceedings in its own name as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders
of a majority in aggregate principal amount of the Securities of any or all
series affected (voting as a single class) at the time outstanding a direction
inconsistent with such request, and the Trustee shall have failed to institute
any such action or proceeding for 60 days after receipt of such notice, request
and offer of indemnity.

Notwithstanding any other provision of the Indenture or this Note, the right of
any Holder of this Note to receive payment of the principal of, and any premium
and interest on, this Note on or after the respective due dates expressed in
this Note, or to institute suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected without the
consent of such Holder.

As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable in the Security Register, upon
surrender of this Note for registration of transfer at the office or agency of
the Corporation specified in the Indenture, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Corporation and the
Trustee duly executed by the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon the Corporation shall execute and the
Trustee shall authenticate and deliver in the name of the transferee(s) one or
more new Notes of this series for the same aggregate principal amount.

The Notes of this series are issuable only in registered form without coupons in
denominations of [if any Note other than an IAI Note, then insert - $[2,000] and
any integral multiple of $1000 in excess thereof] [if an IAI Note, then insert -
$250,000 and any integral multiple of $1,000 in excess thereof]. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series and of like tenor of a different authorized denomination, as
requested by the Holder surrendering the same.

No service charge shall be made to a Holder for any such registration of
transfer or exchange, but the Corporation may require payment of a sum
sufficient to cover any tax or other governmental charge imposed in connection
therewith. Prior to due presentment of this Note for registration of transfer,
the Corporation, the Trustee and any agent of the Corporation or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for
all purposes, whether or not this Note be overdue, and none of the Corporation,
the Trustee nor any such agent shall be affected by notice to the contrary.

All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

This Note shall be governed by and construed in accordance with the laws of the
State of New York.

                                 Exhibit A-1-7
<PAGE>

                                FORM OF GUARANTEE

      Each of the undersigned (the "Guarantors") hereby jointly and severally
unconditionally guarantees, to the extent set forth in the Indenture dated as of
June 24, 2005, as supplemented by a Supplemental Indenture, dated as of June 24,
2005 (as amended, restated, or supplemented from time to time, the "Indenture"),
among Residential Capital Corporation, as issuer, the Guarantors and Deutsche
Bank Trust Company Americas, as Trustee, and subject to the provisions of the
Indenture, (a) the due and punctual payment of the principal of, and premium, if
any, and interest on the Notes, when and as the same shall become due and
payable, whether at maturity, by acceleration or otherwise, the due and punctual
payment of interest on overdue principal of, and premium and, to the extent
permitted by law, interest, and the due and punctual performance of all other
obligations of the Issuer to the Holders or the Trustee, all in accordance with
the terms set forth in Article Fourteen of the Indenture, and (b) in case of any
extension of time of payment or renewal of any Notes or any of such other
obligations, that the same shall be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.

      The obligations of the Guarantors to the Holders and to the Trustee
pursuant to this Guarantee and the Indenture are expressly set forth in Article
Fourteen of the Indenture and reference is hereby made to the Indenture for the
precise terms and limitations of this Guarantee.

      IN WITNESS WHEREOF, each of the Guarantors has caused this Guarantee to be
signed by a duly authorized officer.

THE GUARANTORS:

                                               GMAC RESIDENTIAL HOLDING CORP.,
                                               as Guarantor

                                               By: _____________________________
                                                   Name:
                                                   Title

                                               GMAC MORTGAGE CORPORATION,
                                               as Guarantor

                                               By: _____________________________
                                                   Name:
                                                   Title

                                 Exhibit A-1-8
<PAGE>

                                            GMAC-RFC HOLDING CORP.,
                                            as Guarantor

                                            By: __________________________
                                                Name:
                                                Title

                                            RESIDENTIAL FUNDING CORPORATION,
                                            as Guarantor

                                            By: __________________________
                                                Name:
                                                Title

                                            HOMECOMINGS FINANCIAL NETWORK, INC.,
                                            as Guarantor

                                            By: __________________________
                                                Name:
                                                Title

Dated:

                                 Exhibit A-1-9
<PAGE>

                                 ASSIGNMENT FORM

To assign this Note, fill in the form below:
I or we assign and transfer this Note to

_________________________________________________________
  (Print or type assignee's name, address and zip code)

_________________________________________________________
     (Insert assignee's Soc. Sec. or Tax I.D.  No.)

and irrevocably appoint _____________________________________ agent to transfer
this Note on the books of the Corporation. The agent may substitute another to
act for him.

Date:________________________              Your Signature:______________________

        Sign exactly as your name appears on the other side of this Note.

                                 Exhibit A-1-10
<PAGE>

                                                                     EXHIBIT A-2

                               [Form of 2015 Note]

[Insert any legend as required by Section 2.04 of the Supplemental Indenture]

[Insert any legend required by the Internal Revenue Code and the regulations
thereunder.]

                         RESIDENTIAL CAPITAL CORPORATION

                              6.875% Note due 2015

No. [  ]                                                         $[            ]

Residential Capital Corporation, a Delaware corporation (the "Corporation,"
which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to [ ], or registered
assigns, the principal sum of $[ ] Dollars on June 30, 2015 (unless redeemed in
whole or in part prior to such date as provided on the reverse of this Note),
and to pay interest thereon from June 24, 2005 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually
on June 30 and December 30 in each year, commencing December 30, 2005, at the
rate of 6.875% per annum, subject to adjustment from time to time as set forth
[in the following proviso and] on the reverse of this Note, until the principal
hereof is paid or made available for payment, [If this Note is not an
SEC-Registered Note, then insert - ; provided, however, that if (i) the
Corporation has not consummated the Exchange Offer within the meaning of the
Registration Agreement, or (ii) any Shelf Registration Statement required to be
filed pursuant to the Registration Agreement has not been filed and declared
effective, in either case, on or prior to the date that is 390 days after the
Issue Date of this Note and upon the terms and conditions set forth in the
Registration Agreement (each such event referred to in clause (i) and (ii), a
"Registration Default"), then additional interest shall accrue (in addition to
the stated interest on this Note) at an additional annual rate of 0.25% per
annum for the first 90-day period immediately thereafter and an additional 0.25%
per annum with respect to each subsequent 90-day period up to a maximum of 1.00
% per annum of additional interest, in either case, until each such Registration
Default is cured. That portion of interest accruing as a result of a
Registration Default is referred to herein as "Additional Interest."]

Whenever in this Note or in the Indenture there is a reference, in any context,
to the payment of the principal of, premium, if any, or interest on, or in
respect of, any Note, such mention shall be deemed to include mention of the
payment of [Additional Interest (if any) and] Adjustment Interest (as defined on
the reverse of this Note) (if any) payable as described in this Note to the
extent that, in such context, [Additional Interest and/or] Adjustment Interest
is, was or would be payable in respect of this Note and express mention of the
payment of [Additional Interest (if any) or] Adjustment Interest (if any) in any
provisions of this Note shall not be construed as excluding [Additional Interest
or] Adjustment Interest in those provisions of this Note where such express
mention is not made.

Any accrued and unpaid interest on this Note upon the issuance of an Exchange
Note (as defined in the Indenture) in exchange for this Note shall cease to be
payable to the Holder hereof but

                                 Exhibit A-2-1
<PAGE>

such accrued and unpaid interest shall be payable on the next Interest Payment
Date for such Exchange Note to the Holder thereof on the related Regular Record
Date.

The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date shall, as provided in the Indenture, be paid to the Person
in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the Regular Record Date for such interest, which shall be
the June 15 or December 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually
paid or duly provided for shall forthwith cease to be payable to the Holder on
such Regular Record Date and shall be paid to the Person in whose name this Note
(or one or more Predecessor Notes) is registered at the close of business on a
subsequent Record Date for the payment of such defaulted interest to be fixed by
the Trustee, notice whereof shall be given to Holders of Notes of this series
not less than fifteen days preceding such subsequent Record Date, such Record
Date to be not less than five days preceding the date of payment of such
defaulted interest.

Payment of the principal of (and premium, if any) and interest on this Note
shall be made at the office or agency of the Corporation maintained for that
purpose in New York, New York, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Corporation payment
of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register.

Reference is hereby made to the further provisions of this Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place.

Unless the certificate of authentication hereon has been executed by the Trustee
referred to on the reverse hereof by manual signature, this Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

IN WITNESS WHEREOF, the Corporation has caused this instrument to be duly
executed under its corporate seal.

Date:

                                               RESIDENTIAL CAPITAL CORPORATION,
                                               a Delaware corporation

                                               By:______________________________

                                               By:______________________________

                                  Exhibit A-2-2
<PAGE>

                          CERTIFICATE OF AUTHENTICATION

      This is one of the Securities of the series designated therein referred to
in the within-mentioned Indenture.

                                               DEUTSCHE BANK TRUST COMPANY
                                               AMERICAS, as Trustee

                                               By:  ____________________________
                                                    Authorized Signatory

                                  Exhibit A-2-3
<PAGE>

                               [Reverse of Note]

This Note is one of a duly authorized issue of securities of the Corporation
(herein called the "Notes"), issued and to be issued in one or more series under
an Indenture, dated as of June 24, 2005, as supplemented by the Supplemental
Indenture dated as of June 24, 2005 (as so supplemented and as it may from time
to time be further supplemented or amended by one or more indentures
supplemental thereto, the "Indenture"), among the Corporation, the Guarantors
described therein and Deutsche Bank Trust Company Americas, as trustee (herein
called the "Trustee", which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Corporation, the Trustee and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof, limited in aggregate principal
amount to $500,000,000; provided that the Corporation may from time to time,
without notice to or the consent of the Holders of Notes, create and issue
further Notes of this series (the "Additional Notes") having the same terms and
ranking equally and ratably with the Notes in all respects, or in all respects
except for the payment of interest accruing prior to the Issue Date or except
for the first payment of interest following the Issue Date of such Additional
Notes. Any Additional Notes will be consolidated and form a single series with
the Notes and shall have the same terms as to status, redemption or otherwise as
the Notes.

The Notes of this series are subject to redemption upon not less than 30 days'
but no more than 60 days' notice by mail, at any time, as a whole or in part, at
the election of the Corporation, at a redemption price (the "Redemption Price")
equal to the greater of (1) 100 percent of the principal amount of the Notes to
be redeemed and (2) the sum of the present values of the remaining scheduled
payments of principal and interest thereon (exclusive of interest accrued to
that Redemption Date) discounted to the date of redemption (the "Redemption
Date") on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the Treasury Yield plus 45 basis points, plus,
in either case, accrued and unpaid interest on the principal amount being
redeemed to that Redemption Date; provided that installments of interest on the
Notes which are then due and payable on an Interest Payment Date falling on or
prior to the relevant Redemption Date shall be payable to the Holders of those
Notes, registered as such at the close of business on the relevant Record Date.
If less than all the Notes are to be redeemed at the Corporation's option, the
Trustee shall select, in such manner as it shall deem reasonable and fair, the
Notes to be redeemed in whole or in part. In the event of redemption of this
Note in part only, a new Note or Notes of this series and of like tenor for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon
the cancellation hereof.

"Treasury Yield" means, with respect to the Notes being redeemed, the yield to
maturity implied by (i) the yields reported as of the second business day prior
to the Redemption Date, on (a) the Bloomberg Financial Markets News screen PX1
or the equivalent screen provided by Bloomberg Financial Markets News, or (b) if
such on-line market data is not at that time provided by Bloomberg Financial
Markets News, on the display designated as "Page 500" on the Moneyline Telerate
service (or such other display as may replace Page 500 on the Moneyline Telerate
service), in any case for actively traded U.S. Treasury securities having a
maturity equal to the remaining term of the Notes of this series as of the
Redemption Date, or (ii) if such yields are not reported at that time or the
yields reported as of that time are not ascertainable (including by way

                                 Exhibit A-2-4
<PAGE>

of interpolation), the Treasury Constant Maturity Series yields reported, for
the latest day for which such yields have been so reported at that time, in
Federal Reserve Statistical Release H.15 (519) (or any comparable successor
publication) for actively traded U.S. Treasury securities having a constant
maturity equal to the remaining term of the Notes of this series as of such
Redemption Date. Such implied yield will be determined, if necessary, by (x)
converting U.S. Treasury bill quotations to bond-equivalent yields in accordance
with accepted financial practices and (y) interpolating linearly between (1) the
actively traded U.S. Treasury security with a maturity closest to and greater
than the remaining term of the Notes of this series and (2) the actively traded
U.S. Treasury security with a maturity closest to and less than the remaining
term of the Notes of this series.

Upon the occurrence of a Rating Change (as defined herein), this Note will bear
interest at a rate equal to the rate that would be applicable without any
adjustment plus the applicable interest rate adjustment (each an "Interest Rate
Adjustment"), if any, set forth below. Each Interest Rate Adjustment will be
effective on the next Business Day after the Rating Change has occurred.
Thereafter, the Interest Rate Adjustment will remain in effect until the next
Rating Change that results in a different Interest Rate Adjustment as set forth
below. That portion of interest accruing as a result of an Interest Rate
Adjustment is referred to in this Note as "Adjustment Interest." The Corporation
will give prompt notice to the Trustee of any Rating Change and any related
Interest Rate Adjustment.

                            INTEREST RATE ADJUSTMENTS

   At any time the Notes are rated by two or more Rating Agencies (as defined
                          herein) and the ratings are:

<TABLE>
<CAPTION>
                               One Rating Category         Two or More Rating
                              Below Investment Grade        Categories Below
                              by two or more Rating      Investment Grade by one
                              Agencies (and not Two      (and not more than one)
                                  or More Rating          Rating Agency and One        Two or More Rating
Below Investment Grade by        Categories Below         Rating Category Below         Categories Below
  one (and not more than      Investment Grade by any    Investment Grade by any   Investment Grade by two or
    one) Rating Agency            Rating Agency).          other Rating Agency        more Rating Agencies.
-------------------------     -----------------------    -----------------------   --------------------------
<C>                           <C>                        <C>                       <C>
0.50%                                 1.00%                       1.50%                       2.00%
</TABLE>

If at any time the Notes are rated by only one Rating Agency and the rating is
One Rating Category Below Investment Grade, the Interest Rate Adjustment will be
1.00%. If at any time the Notes are rated by only one Rating Agency and the
rating is Two or More Rating Categories Below Investment Grade, the Interest
Rate Adjustment will be 2.00%. If at any time the Notes are not rated by any
Rating Agency, the Interest Rate Adjustment will be 2.00%.

The interest rate on this Note will permanently cease to be subject to any
adjustment set forth above if (i) the Notes become rated Baa2, BBB and BBB or
higher by each of Moody's Investors

                                 Exhibit A-2-5
<PAGE>

Service, Inc., Standard & Poor's Ratings Group and Fitch, Inc., respectively (or
two of these ratings if only rated by two Rating Agencies), with a stable or
positive or equivalent outlook by each of the Rating Agencies or (ii) after the
Corporation exercises its right under the Indenture to defease the entire
indebtedness of the Notes referred to below.

"Below Investment Grade" means the Notes are rated lower than Baa3, BBB- or BBB-
by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or Fitch,
Inc., respectively.

"One Rating Category Below Investment Grade" means the Notes are rated Ba1, BB+
or BB+ by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or
Fitch, Inc., respectively.

"Rating Agencies" means Moody's Investors Service, Inc., Standard & Poor's
Ratings Group and Fitch, Inc., and their respective successors, individually
and/or collectively, as the context requires.

"Rating Change" means any change in any rating of the Notes or the Notes cease
to be rated by any Rating Agency and thereafter are rated by such Rating Agency.

"Two or More Rating Categories Below Investment Grade" means the Notes are rated
Ba2, BB or BB or lower by Moody's Investors Service, Inc., Standard & Poor's
Ratings Group or Fitch, Inc., respectively.

The Indenture contains provisions for defeasance at any time of the entire
indebtedness of the Notes or certain restrictive covenants and Events of Default
with respect to the Notes, in each case upon compliance with certain conditions
set forth in the Indenture.

If an Event of Default with respect to Notes of this series shall occur and be
continuing, the principal of the Notes of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the
Corporation, each Guarantor and the Trustee to enter into from time to time
indentures supplemental to the Indenture for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
the Indenture or of any supplemental indenture or modifying in any manner the
rights of the Holders of the Securities (including the Holders of the Notes), in
each case, with the consent of the Holders of not less than a majority of the
aggregate principal amount of the Securities of all series at the time
outstanding affected by such supplemental indenture (voting as a class). The
Indenture also contains provisions permitting the Holders of specified
percentages in aggregate principal amount of the Notes of each series at the
time outstanding, on behalf of the Holders of all Notes of such series, to waive
compliance by the Corporation with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon such
Note.

As provided in and subject to the provisions of the Indenture, the Holder of
this Note shall not have the right to institute any action or proceeding with
respect to the Indenture or for the

                                 Exhibit A-2-6
<PAGE>

appointment of a receiver or trustee or for any other remedy thereunder, unless
such Holder shall have previously given the Trustee written notice of a
continuing default with respect to the Notes of this series, and the Holders of
not less than 25% in aggregate principal amount of the Notes of this series at
the time outstanding shall have made written request to the Trustee to institute
such action or proceedings in its own name as Trustee and offered the Trustee
reasonable indemnity, and the Trustee shall not have received from the Holders
of a majority in aggregate principal amount of the Securities of any or all
series affected (voting as a single class) at the time outstanding a direction
inconsistent with such request, and the Trustee shall have failed to institute
any such action or proceeding for 60 days after receipt of such notice, request
and offer of indemnity.

Notwithstanding any other provision of the Indenture or this Note, the right of
any Holder of this Note to receive payment of the principal of, and any premium
and interest on, this Note on or after the respective due dates expressed in
this Note, or to institute suit for the enforcement of any such payment on or
after such respective dates, shall not be impaired or affected without the
consent of such Holder.

As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable in the Security Register, upon
surrender of this Note for registration of transfer at the office or agency of
the Corporation specified in the Indenture, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Corporation and the
Trustee duly executed by the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon the Corporation shall execute and the
Trustee shall authenticate and deliver in the name of the transferee(s) one or
more new Notes of this series for the same aggregate principal amount.

The Notes of this series are issuable only in registered form without coupons in
denominations of [if any Note other than an IAI Note, then insert - $[2,000] and
any integral multiple of $1000 in excess thereof] [if an IAI Note, then insert -
$250,000 and any integral multiple of $1,000 in excess thereof]. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series and of like tenor of a different authorized denomination, as
requested by the Holder surrendering the same.

No service charge shall be made to a Holder for any such registration of
transfer or exchange, but the Corporation may require payment of a sum
sufficient to cover any tax or other governmental charge imposed in connection
therewith. Prior to due presentment of this Note for registration of transfer,
the Corporation, the Trustee and any agent of the Corporation or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for
all purposes, whether or not this Note be overdue, and none of the Corporation,
the Trustee nor any such agent shall be affected by notice to the contrary.

All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

This Note shall be governed by and construed in accordance with the laws of the
State of New York.

                                 Exhibit A-2-7
<PAGE>

                                FORM OF GUARANTEE

      Each of the undersigned (the "Guarantors") hereby jointly and severally
unconditionally guarantees, to the extent set forth in the Indenture dated as of
June 24, 2005, as supplemented by a Supplemental Indenture, dated as of June 24,
2005 (as amended, restated, or supplemented from time to time, the "Indenture"),
among Residential Capital Corporation, as issuer, the Guarantors and Deutsche
Bank Trust Company Americas, as Trustee, and subject to the provisions of the
Indenture, (a) the due and punctual payment of the principal of, and premium, if
any, and interest on the Notes, when and as the same shall become due and
payable, whether at maturity, by acceleration or otherwise, the due and punctual
payment of interest on overdue principal of, and premium and, to the extent
permitted by law, interest, and the due and punctual performance of all other
obligations of the Issuer to the Holders or the Trustee, all in accordance with
the terms set forth in Article Fourteen of the Indenture, and (b) in case of any
extension of time of payment or renewal of any Notes or any of such other
obligations, that the same shall be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.

      The obligations of the Guarantors to the Holders and to the Trustee
pursuant to this Guarantee and the Indenture are expressly set forth in Article
Fourteen of the Indenture and reference is hereby made to the Indenture for the
precise terms and limitations of this Guarantee.

      IN WITNESS WHEREOF, each of the Guarantors has caused this Guarantee to be
signed by a duly authorized officer.

THE GUARANTORS:

                                            GMAC RESIDENTIAL HOLDING CORP.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            GMAC MORTGAGE CORPORATION,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                 Exhibit A-2-8
<PAGE>

                                            GMAC-RFC HOLDING CORP.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            RESIDENTIAL FUNDING CORPORATION,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            HOMECOMINGS FINANCIAL NETWORK, INC.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

Dated:

                                 Exhibit A-2-9
<PAGE>

                                 ASSIGNMENT FORM

To assign this Note, fill in the form below:
I or we assign and transfer this Note to

________________________________________________________________________________
      (Print or type assignee's name, address and zip code)

________________________________________________________________________________
      (Insert assignee's Soc. Sec. or Tax I.D.  No.)

and irrevocably appoint _____________________________________ agent to transfer
this Note on the books of the Corporation. The agent may substitute another to
act for him.

Date: _______________________________ Your Signature: __________________________

      Sign exactly as your name appears on the other side of this Note.

                                 Exhibit A-2-10
<PAGE>

                                                                     EXHIBIT A-3

                          [Form of Floating Rate Note]

[Insert any legend as required by Section 2.04 of the Supplemental Indenture]

[Insert any legend required by the Internal Revenue Code and the Regulations
thereunder]

                         RESIDENTIAL CAPITAL CORPORATION

                           Floating Rate Note due 2007

No. [  ]                                                              $[       ]

      RESIDENTIAL CAPITAL CORPORATION, a Delaware corporation (hereinafter
called the "Corporation," which term includes any successor Person under the
Indenture referred to below), for value received, hereby promises to pay to [ ],
or registered assigns, the principal sum of $[ ] Dollars on June 29, 2007, and
to pay interest thereon for each Interest Period (as defined herein) at a rate
per annum equal to three month LIBOR (as defined herein) as determined by the
Calculation Agent (as defined herein) on the Interest Determination Date (as
defined herein) for such Interest Period plus 1.375%. The interest rate in
effect on this Note during the initial Interest Period is 4.835% per annum. The
interest rate on this Note will be reset on the applicable Interest Reset Date
(as defined herein) for each Interest Period. Promptly upon determination, the
Calculation Agent will inform the Corporation of the interest rate on this Note
for each Interest Period. Interest on this Note is payable quarterly on March
29, June 29, September 29 and December 29 of each year, commencing September 29,
2005. Interest shall be calculated on the basis of the actual number of days in
an Interest Period and a 360-day year. The interest rate on this Note shall be
subject to adjustment from time to time as set forth [in the immediately
succeeding paragraph and] on the reverse of this Note, until the principal
hereof is paid or made available for payment. [If this Note is not an
SEC-Registered Note, then insert - If (i) the Corporation has not consummated
the Exchange Offer within the meaning of the Registration Agreement, or (ii) any
Shelf Registration Statement required to be filed pursuant to the Registration
Agreement has not been filed and declared effective, in either case, on or prior
to the date that is 390 days after the Issue Date of this Note and upon the
terms and conditions set forth in the Registration Agreement (each such event
referred to in clause (i) and (ii), a "Registration Default"), then additional
interest shall accrue (in addition to the floating rate of interest on this
Note) at an additional annual rate of 0.25% per annum for the first 90-day
period immediately thereafter and an additional 0.25% per annum with respect to
each subsequent 90-day period up to a maximum of 1.00 % per annum of additional
interest, in either case, until each such Registration Default is cured. That
portion of interest accruing as a result of a Registration Default is referred
to herein as "Additional Interest."].

      If any Interest Reset Date and Interest Payment Date with respect to this
Note would otherwise be a day that is not a Business Day, such Interest Reset
Date and Interest Payment Date shall be the next succeeding Business Day and
interest shall accrue for the period up to but not including such Interest Reset
Date and Interest Payment Date on the next succeeding Business Day. If the
Maturity Date is not a Business Day, then the principal amount of this Note

                                 Exhibit A-3-1
<PAGE>

plus accrued and unpaid interest hereon shall be paid on the next succeeding
Business Day and no interest shall accrue from the Maturity Date or any day
thereafter.

      Whenever in this Note or in the Indenture there is a reference, in any
context, to the payment of the principal of, premium, if any, or interest on, or
in respect of, any Note, such mention shall be deemed to include mention of the
payment of Additional Interest (if any) and Adjustment Interest (as defined on
the reverse of this Note) (if any) payable as described in this Note to the
extent that, in such context, [Additional Interest and/or] Adjustment Interest
is, was or would be payable in respect of this Note and express mention of the
payment of [Additional Interest (if any) or] Adjustment Interest (if any) in any
provisions of this Note shall not be construed as excluding [Additional Interest
or] Adjustment Interest in those provisions of this Note where such express
mention is not made.

      Any accrued and unpaid interest on this Note upon the issuance of an
Exchange Note (as defined in the Indenture) in exchange for this Note shall
cease to be payable to the Holder hereof but such accrued and unpaid interest
shall be payable on the next Interest Payment Date for such Exchange Note to the
Holder thereof on the related Regular Record Date.

      "Calculation Agent" means Deutsche Bank Trust Company Americas, and its
successors and assigns.

      "Interest Determination Date" means, with respect to any Interest Period,
the date that is two London Banking Days prior to the Interest Reset Date for
such Interest Period.

      "Interest Period" means the period commencing on an Interest Payment Date
(or, in the case of the initial Interest Period, commencing on the Issue Date)
and ending on the day preceding the next following Interest Payment Date (or, in
the case of the last such Interest Period ending on the day preceding the
Maturity Date); the initial Interest Period shall commence on the Issue Date and
end on September 28, 2005.

      "Interest Reset Date" means, with respect to any Interest Period (other
than the initial Interest Period), the first day of such Interest Period.

      "LIBOR" with respect to each Interest Reset Date shall be determined by
the Calculation Agent as follows:

      (i) LIBOR will be the offered rate for deposits in U.S. dollars for the
three month period which appears on "Telerate Page 3750" at approximately 11:00
a.m., London time, on the Interest Determination Date for the applicable
Interest Reset Date.

      (ii) If this rate does not appear on the Telerate Page 3750, the
Calculation Agent will determine the rate on the basis of the rates at which
deposits in U.S. dollars are offered by four major banks in the London interbank
market (selected by the Calculation Agent after consulting with the Corporation)
at approximately 11:00 a.m., London time, on the Interest Determination Date for
the applicable Interest Reset Date to prime banks in the London interbank market
for a period of three months commencing on that Interest Reset Date and in
principal amount equal to an amount not less than $1,000,000 that is
representative for a single transaction in such market at such time. In such
case, the Calculation Agent will request the principal London office of each

                                 Exhibit A-3-2
<PAGE>

of the aforesaid major banks to provide a quotation of such rate. If at least
two such quotations are provided, LIBOR for that Interest Reset Date will be the
arithmetic average of the quotations. If fewer than two quotations are provided
as requested, LIBOR for that Interest Reset Date will be the arithmetic average
of the rates quoted by three major banks in New York, New York (selected by the
Calculation Agent after consulting with the Corporation) at approximately 11:00
a.m., New York time, on the Interest Determination Date for the applicable
Interest Reset Date for loans in U.S. dollars to leading banks for a period of
three months commencing on that Interest Reset Date and in a principal amount
equal to an amount not less than $1,000,000 that is representative for a single
transaction in such market at such time. If fewer than three quotations are
provided as requested, for the period until the next Interest Reset Date, LIBOR
will be the same as the rate determined on the immediately preceding Interest
Reset Date.

      "London Banking Day" means any day in which dealings in U.S. dollar
deposits are transacted in the London interbank market.

      "Telerate Page 3750" means the display page so designated on the Moneyline
Telerate service for the purpose of displaying London interbank offered rates of
major banks, or any successor page on the Moneyline Telerate service.

      All percentages resulting from calculation of the interest rate with
respect to this Note will be rounded, if necessary, to the nearest one-hundred
thousandth of a percentage point, with five one-millionth of a percentage point
rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or
..0987655) and 9.876544% (or .09876544) would be rounded to 9.87654% (or
..0987654)), and all dollar amounts in or resulting from any such calculation
will be rounded to the nearest cent (with one-half cent being rounded upward).

      The interest payable, and punctually paid or duly provided for on any
Interest Payment Date will, as provided in the Indenture, be paid to the Person
in whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on the Regular Record Date for such interest, which shall be
March 15, June 15, September 15 or December 15 (whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date. Any such interest
not so punctually paid or duly provided for shall forthwith cease to be payable
to the Holder on such Regular Record Date and shall be paid to the Person in
whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on a subsequent Record Date for the payment of such defaulted
interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Notes of this series not less than fifteen days preceding such subsequent Record
Date, such Record Date to be not less than five days preceding the date of
payment of such defaulted interest.

      This Note is not redeemable by the Corporation prior to maturity and is
not subject to any sinking fund.

      Payment of the principal of (and premium, if any) and interest on this
Note shall be made at the office or agency of the Corporation maintained for
that purpose in New York, New York, in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, that at the option of the
Corporation

                                 Exhibit A-3-3
<PAGE>

payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register.

      Reference is hereby made to the further provisions of this Note set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

      Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall
not be entitled to any benefit under the Indenture or be valid or obligatory for
any purpose.

      IN WITNESS WHEREOF, the Corporation as caused this instrument to be duly
executed under its corporate seal.

      Date: [       ]

                                                RESIDENTIAL CAPITAL CORPORATION,
                                                a Delaware corporation

                                                By: ____________________________

                                                By: ____________________________

                          CERTIFICATE OF AUTHENTICATION

      This is one of the Securities of the series designated therein referred to
in the within-mentioned Indenture.

                                                DEUTSCHE BANK TRUST COMPANY
                                                AMERICAS, as Trustee

                                                By: ____________________________
                                                    Authorized Signatory

                                 Exhibit A-3-4
<PAGE>

                                [Reverse of Note]

This Note is one of a duly authorized issue of securities of the Corporation
(herein called the "Notes"), issued and to be issued in one or more series under
an Indenture, dated as of June 24, 2005, as supplemented by the Supplemental
Indenture dated as of June 24, 2005 (as so supplemented and as it may from time
to time be further supplemented or amended by one or more indentures
supplemental thereto, the "Indenture"), among the Corporation, the Guarantors
described therein and Deutsche Bank Trust Company Americas, as trustee (herein
called the "Trustee", which term includes any successor trustee under the
Indenture), and reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Corporation, the Trustee and the Holders of the Notes and of the terms upon
which the Notes are, and are to be, authenticated and delivered. This Note is
one of the series designated on the face hereof, limited in aggregate principal
amount to $1,000,000,000; provided that the Corporation may from time to time,
without notice to or the consent of the Holders of Notes, create and issue
further Notes of this series (the "Additional Notes") having the same terms and
ranking equally and ratably with the Notes in all respects, or in all respects
except for the payment of interest accruing prior to the Issue Date or except
for the first payment of interest following the Issue Date of such Additional
Notes. Any Additional Notes will be consolidated and form a single series with
the Notes and shall have the same terms as to status, redemption or otherwise as
the Notes.

Upon the occurrence of a Rating Change (as defined herein), this Note will bear
interest at a rate equal to the rate that would be applicable without any
adjustment plus the applicable interest rate adjustment (each an "Interest Rate
Adjustment"), if any, set forth below. Each Interest Rate Adjustment will be
effective on the next Business Day after the Rating Change has occurred.
Thereafter, the Interest Rate Adjustment will remain in effect until the next
Rating Change that results in a different Interest Rate Adjustment as set forth
below. That portion of interest accruing as a result of an Interest Rate
Adjustment is referred to in this Note as "Adjustment Interest." The Corporation
will give prompt notice to the Trustee of any Rating Change and any related
Interest Rate Adjustment.

                            INTEREST RATE ADJUSTMENTS

   At any time the Notes are rated by two or more Rating Agencies (as defined
                          herein) and the ratings are:

<TABLE>
<CAPTION>
                                 One Rating Category           Two or More Rating
                               Below Investment Grade           Categories Below
                                by two or more Rating       Investment Grade by one
                                Agencies (and not Two       (and not more than one)
                                   or More Rating             Rating Agency and One            Two or More Rating
Below Investment Grade by         Categories Below            Rating Category Below             Categories Below
  one (and not more than       Investment Grade by any      Investment Grade by any        Investment Grade by two or
    one) Rating Agency             Rating Agency).            other Rating Agency             more Rating Agencies.
-------------------------      -----------------------      -----------------------        --------------------------
<C>                            <C>                          <C>                         <C>
0.50%                                   1.00%                         1.50%                       2.00%
</TABLE>

                                 Exhibit A-3-5
<PAGE>

If at any time the Notes are rated by only one Rating Agency and the rating is
One Rating Category Below Investment Grade, the Interest Rate Adjustment will be
1.00%. If at any time the Notes are rated by only one Rating Agency and the
rating is Two or More Rating Categories Below Investment Grade, the Interest
Rate Adjustment will be 2.00%. If at any time the Notes are not rated by any
Rating Agency, the Interest Rate Adjustment will be 2.00%.

The interest rate on this Note will permanently cease to be subject to any
adjustment set forth above if (i) the Notes become rated Baa2, BBB and BBB or
higher by each of Moody's Investors Service, Inc., Standard & Poor's Ratings
Group and Fitch, Inc., respectively (or two of these ratings if only rated by
two Rating Agencies), with a stable or positive or equivalent outlook by each of
the Rating Agencies or (ii) after the Corporation exercises its right under the
Indenture to defease the entire indebtedness of the Notes referred to below.

"Below Investment Grade" means the Notes are rated lower than Baa3, BBB- or BBB-
by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or Fitch,
Inc., respectively.

"One Rating Category Below Investment Grade" means the Notes are rated Ba1, BB+
or BB+ by Moody's Investors Service, Inc., Standard & Poor's Ratings Group or
Fitch, Inc., respectively.

"Rating Agencies" means Moody's Investors Service, Inc., Standard & Poor's
Ratings Group and Fitch, Inc. and their respective successors, individually
and/or collectively, as the context requires.

"Rating Change" means any change in any rating of the Notes or the Notes cease
to be rated by any Rating Agency and thereafter are rated by such Rating Agency.

"Two or More Rating Categories Below Investment Grade" means the Notes are rated
Ba2, BB or BB or lower by Moody's Investors Service, Inc., Standard & Poor's
Ratings Group or Fitch, Inc., respectively.

The Indenture contains provisions for defeasance at any time of the entire
indebtedness of the Notes or certain restrictive covenants and Events of Default
with respect to the Notes, in each case upon compliance with certain conditions
set forth in the Indenture.

If an Event of Default with respect to Notes of this series shall occur and be
continuing, the principal of the Notes of this series may be declared due and
payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the
Corporation, each Guarantor and the Trustee to enter into from time to time
indentures supplemental to the Indenture for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
the Indenture or of any supplemental indenture or modifying in any manner the
rights of the Holders of the Securities (including the Holders of the Notes), in
each case, with the consent of the Holders of not less than a majority of the
aggregate principal amount of the Securities of all series at the time
outstanding affected by such supplemental indenture (voting as a class). The
Indenture also contains provisions permitting the Holders of

                                 Exhibit A-3-6
<PAGE>

specified percentages in aggregate principal amount of the Notes of each series
at the time outstanding, on behalf of the Holders of all Notes of such series,
to waive compliance by the Corporation with certain provisions of the Indenture
and certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu
hereof, whether or not notation of such consent or waiver is made upon such
Note.

As provided in and subject to the provisions of the Indenture, the Holder of
this Note shall not have the right to institute any action or proceeding with
respect to the Indenture or for the appointment of a receiver or trustee or for
any other remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing default with respect to the Notes of this
series, and the Holders of not less than 25% in aggregate principal amount of
the Notes of this series at the time outstanding shall have made written request
to the Trustee to institute such action or proceedings in its own name as
Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not
have received from the Holders of a majority in aggregate principal amount of
the Securities of any or all series affected (voting as a single class) at the
time outstanding a direction inconsistent with such request, and the Trustee
shall have failed to institute any such action or proceeding for 60 days after
receipt of such notice, request and offer of indemnity.

Notwithstanding any other provision of the Indenture or this Note, the right of
any Holder of this Note to receive payment of the principal of, and interest on,
this Note on or after the respective due dates expressed in this Note, or to
institute suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such
Holder.

As provided in the Indenture and subject to certain limitations therein set
forth, the transfer of this Note is registrable in the Security Register, upon
surrender of this Note for registration of transfer at the office or agency of
the Corporation specified in the Indenture, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Corporation and the
Trustee duly executed by the Holder hereof or such Holder's attorney duly
authorized in writing, and thereupon the Corporation shall execute and the
Trustee shall authenticate and deliver in the name of the transferee(s) one or
more new Notes of this series for the same aggregate principal amount.

The Notes of this series are issuable only in registered form without coupons in
denominations of [if any Note other than an IAI Note, then insert - $[2,000] and
any integral multiple of $1000 in excess thereof] [if an IAI Note, then insert -
$250,000 and any integral multiple of $1,000 in excess thereof]. As provided in
the Indenture and subject to certain limitations therein set forth, Notes of
this series are exchangeable for a like aggregate principal amount of Notes of
this series and of like tenor of a different authorized denomination, as
requested by the Holder surrendering the same.

No service charge shall be made to a Holder for any such registration of
transfer or exchange, but the Corporation may require payment of a sum
sufficient to cover any tax or other governmental charge imposed in connection
therewith. Prior to due presentment of this Note for registration of

                                 Exhibit A-3-7
<PAGE>

transfer, the Corporation, the Trustee and any agent of the Corporation or the
Trustee may treat the Person in whose name this Note is registered as the owner
hereof for all purposes, whether or not this Note be overdue, and none of the
Corporation, the Trustee nor any such agent shall be affected by notice to the
contrary.

All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

This Note shall be governed by and construed in accordance with the laws of the
State of New York.

                                 Exhibit A-3-8
<PAGE>

                                FORM OF GUARANTEE

      Each of the undersigned (the "Guarantors") hereby jointly and severally
unconditionally guarantees, to the extent set forth in the Indenture dated as of
June 24, 2005, as supplemented by a Supplemental Indenture, dated as of June 24,
2005 (as amended, restated, or supplemented from time to time, the "Indenture"),
among Residential Capital Corporation, as issuer, the Guarantors and Deutsche
Bank Trust Company Americas, as Trustee, and subject to the provisions of the
Indenture, (a) the due and punctual payment of the principal of, and premium, if
any, and interest on the Notes, when and as the same shall become due and
payable, whether at maturity, by acceleration or otherwise, the due and punctual
payment of interest on overdue principal of, and premium and, to the extent
permitted by law, interest, and the due and punctual performance of all other
obligations of the Issuer to the Holders or the Trustee, all in accordance with
the terms set forth in Article Fourteen of the Indenture, and (b) in case of any
extension of time of payment or renewal of any Notes or any of such other
obligations, that the same shall be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at stated
maturity, by acceleration or otherwise.

      The obligations of the Guarantors to the Holders and to the Trustee
pursuant to this Guarantee and the Indenture are expressly set forth in Article
Fourteen of the Indenture and reference is hereby made to the Indenture for the
precise terms and limitations of this Guarantee.

      IN WITNESS WHEREOF, each of the Guarantors has caused this Guarantee to be
signed by a duly authorized officer.

Dated:

THE GUARANTORS:

                                            GMAC RESIDENTIAL HOLDING CORP.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            GMAC MORTGAGE CORPORATION,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                 Exhibit A-3-9
<PAGE>

                                            GMAC-RFC HOLDING CORP.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            RESIDENTIAL FUNDING CORPORATION,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                            HOMECOMINGS FINANCIAL NETWORK, INC.,
                                            as Guarantor

                                            By: ________________________________
                                                Name:
                                                Title

                                 Exhibit A-3-10
<PAGE>

                                 ASSIGNMENT FORM

To assign this Note, fill in the form below:
I or we assign and transfer this Note to

________________________________________________________________________________
      (Print or type assignee's name, address and zip code)

________________________________________________________________________________
      (Insert assignee's Soc. Sec. or Tax I.D. No.)

and irrevocably appoint _____________________________________ agent to transfer
this Note on the books of the Corporation. The agent may substitute another to
act for him.

Date: ____________________________ Your Signature: _____________________________

      Sign exactly as your name appears on the other side of this Note.

                                 Exhibit A-3-11
<PAGE>

                                                                       ANNEX A-1

                 FORM OF CERTIFICATION TO BE GIVEN BY HOLDERS OF
                 BENEFICIAL INTEREST IN A TEMPORARY REGULATION S
                     GLOBAL NOTE TO EUROCLEAR OR CLEARSTREAM

                         OWNER SECURITIES CERTIFICATION

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $       aggregate principal amount of Notes
which are evidenced by the Temporary Regulation S Global Note (CUSIP No.      )
and held with the Depository through Euroclear or Clearstream or both in the
name of [insert name of holder] (the "Holder").

In respect of such Notes, the Holder does hereby certify that as of the date
hereof, the above-captioned Notes are beneficially owned by non-U.S. Persons and
are not held for purposes of resale directly or indirectly to a U.S. Person or
to a person within the United States or its possessions.

As used herein, "United States" means the United States of America, its
territories and possessions, any state of the United States, and the District of
Columbia. As used herein, U.S. Person has the meaning assigned to it in Rule 902
under the Securities Act of 1933, as amended.

We undertake to advise you immediately by tested telex on or prior to the date
on which you intend to submit your certification relating to the Notes held by
you for our account in accordance with your operating procedures if any
applicable statement herein is not correct on such date, and in the absence of
any such notification it may be assumed that this certification applies as of
such date.

We understand that this certification is required in connection with certain
securities laws in the United States. If administrative or legal proceedings are
commenced or threatened in connection with which this certification is or would
be relevant, we irrevocably authorize you to produce this certification or a
copy thereof to any interested party in such proceedings. This certificate and
the statements contained herein are made for your benefit and the benefit of the
Corporation, the Guarantors and the Initial Purchasers of the Notes under the
Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:                                     [Name of Person Making Certification]

                                  Annex A-1-1
<PAGE>

                                                                       ANNEX A-2

                        FORM OF CERTIFICATION TO BE GIVEN
                    BY THE EUROCLEAR OPERATOR OR CLEARSTREAM

                       DEPOSITARY SECURITIES CERTIFICATION

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This is to certify that, based solely on certifications we have received in
writing, by tested telex or by electronic transmission from member organizations
appearing in our records as persons being entitled to a portion of the principal
amount set forth below (our "Member Organizations") substantially to the effect
set forth in the Indenture, as of the date hereof, U.S. $    aggregate principal
amount of the above-captioned Notes are beneficially owned by non-U.S. Persons
and are not held for purposes of resale directly or indirectly to a U.S. Person
or to a person within the United States or its possessions. As used herein,
"United States" means the United States of America, its territories and
possessions, any state of the United States, and the District of Columbia. As
used herein, U.S. Person has the meaning assigned to it in Rule 902 under the
Securities Act of 1933, as amended.

We further certify (i) that we are not making available herewith for exchange
any portion of the Temporary Regulation S Global Note except as provided in such
certifications and (ii) that as of the date hereof we have not received any
notification from any of our Member Organizations to the effect that the
statements made by such Member Organizations with respect to any portion of the
part submitted herewith for exchange are no longer true and cannot be relied
upon as of the date hereof.

We understand that this certification is required in connection with certain
securities laws of the United States. If administrative or legal proceedings are
commenced or threatened in connection with which this certification is or would
be relevant, we irrevocably authorize you to produce this certification or a
copy thereof to any interested party in such proceedings. This certificate and
the statements contained herein are made for your benefit and the benefit of the
Corporation, the Guarantors and the Initial Purchasers of the Notes under the
Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:

                                        By: ____________________________________
                                                     [EUROCLEAR BANK SA/N.V., as
                                          Operator of the Euroclear System] [or]
                                                           [CLEARSTREAM BANKING,
                                                                 SOCIETE ANONYME
                                                                     LUXEMBOURG]

                                  Annex A-2-1
<PAGE>

                                                                       ANNEX A-3

                      FORM OF CERTIFICATION TO BE GIVEN BY
                     TRANSFEREE OF BENEFICIAL INTEREST IN A
                       TEMPORARY REGULATION S GLOBAL NOTE
                           AFTER THE RESTRICTED PERIOD

                       TRANSFEREE SECURITIES CERTIFICATION

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

For purposes of acquiring a beneficial interest in the Temporary Regulation S
Global Note, the undersigned certifies that it is not a U.S. Person as defined
by Regulation S under the Securities Act of 1933, as amended.

We undertake to advise you promptly by tested telex on or prior to the date on
which you intend to submit your certification relating to the Notes held by you
in which we intend to acquire a beneficial interest in accordance with your
operating procedures if any applicable statement herein is not correct on such
date, and in the absence of any such notification it may be assumed that this
certification applies as of such date.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:

                                        By: ___________________________________
                                            As, or as agent for, the beneficial
                                            acquiror of the Notes to which this
                                            certificate relates.

                                  Annex A-3-1
<PAGE>

                                                                       ANNEX B-1

                         FORM OF TRANSFER CERTIFICATE -
                            RESTRICTED GLOBAL NOTE TO
                       TEMPORARY REGULATION S GLOBAL NOTE

                 TEMPORARY REGULATION S GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(c) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $     aggregate principal amount of Notes which
are evidenced by the Restricted Global Note (CUSIP No.     ) and held with the
Depository in the name of [insert name of transferor] (the "Transferor"). The
Transferor has requested a transfer of such beneficial interest in the Notes to
a Person who will take delivery thereof in the form of an equal aggregate
principal amount of Notes evidenced by the Temporary Regulation S Global Note
(CUSIP No.   ), which amount, immediately after such transfer, is to be held
with the Depository through Euroclear or Clearstream or both.

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected pursuant to and in
accordance with Rule 903 or Rule 904 under the United States Securities Act of
1933, as amended (the "Securities Act"), and accordingly the Transferor does
hereby further certify that:

(a) the offer of the Notes was not made to a person in the United States;

(b) either:

(i) at the time the buy order was originated, the transferee was outside the
United States or the Transferor and any person acting on its behalf reasonably
believed that the transferee was outside the United States, or

(ii) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was prearranged with a buyer in
the United States;

                                  Annex B-1-1
<PAGE>

(c) no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or 904(a) of Regulation S under the Securities Act
("Regulation S"), as applicable;

(d) the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act; and

(e) upon completion of the transaction, the beneficial interest being
transferred as described above will be held with the Depository through
Euroclear or Clearstream or both.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement, dated _____with the Corporation relating to the Notes.
Terms used in this certificate and not otherwise defined in the Indenture have
the meanings set forth in Regulation S.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

(If the Transferor is a corporation, partnership or fiduciary, the title of the
Person signing on behalf of such registered owner must be stated.)

                                  Annex B-1-2
<PAGE>

                                                                       ANNEX B-2

                         FORM OF TRANSFER CERTIFICATE -
                            RESTRICTED GLOBAL NOTE TO
                            REGULATION S GLOBAL NOTE

                      REGULATION S GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(d) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $       aggregate principal amount of Notes
which are evidenced by the Restricted Global Note (CUSIP No.      ) and held
with the Depository in the name of [insert name of transferor] (the
"Transferor"). The Transferor has requested a transfer of such beneficial
interest in the Notes to a Person who will take delivery thereof in the form of
an equal aggregate principal amount of Notes evidenced by the Regulation S
Global Note (CUSIP No.          ).

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected pursuant to and in
accordance with (a) Rule 903 or Rule 904 under the Securities Act of 1933, as
amended (the "Securities Act") accordingly the Transferor does hereby further
certify that:

(a) the offer of the Notes was not made to a person in the United States;

(b) either:

(i) at the time the buy order was originated, the transferee was outside the
United States or the Transferor and any person acting on its behalf reasonably
believed that the transferee was outside the United States, or

(ii) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was prearranged with a buyer in
the United States;

(c) no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or 904(a) of Regulation S under the Securities Act
("Regulation S"), as applicable; and

                                  Annex B-2-1
<PAGE>

(d) the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and Initial Purchasers of the Notes under the
Purchase Agreement, dated with the Corporation relating to the Notes. Terms used
in this certificate and not otherwise defined in the Indenture have the meanings
set forth in Regulation S.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

     (If the Transferor is a corporation, partnership or fiduciary, the title of
          the Person signing on behalf of such registered owner must be stated.)

                                  Annex B-2-2
<PAGE>

                                                                         ANNEX C

                         FORM OF TRANSFER CERTIFICATE -
                      TEMPORARY REGULATION S GLOBAL NOTE OR
                     REGULATION S GLOBAL NOTE TO RESTRICTED
                                   GLOBAL NOTE

                       RESTRICTED GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(e) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $         aggregate principal amount of Notes
which are evidenced by the Temporary Regulation S Global Note or the Regulation
S Global Note (CUSIP No          ) and held with the Depository through
Euroclear or Clearstream or both in the name of [insert name of transferor] (the
"Transferor") during the Restricted Period. The Transferor has requested a
transfer of such beneficial interest in the Notes to a Person that will take
delivery thereof in the form of an equal principal amount of Notes evidenced by
the Restricted Global Note (CUSIP No.         ).

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected pursuant to and in
accordance with Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and accordingly the Transferor does hereby further certify
that the Notes are being transferred to a person that the Transferor reasonably
believes is purchasing the Notes for its own account, or for one or more
accounts with respect to which such Person exercises sole investment discretion,
and such Person and each such account is a "qualified institutional buyer"
within the meaning of Rule 144A under the Securities Act and the Notes have been
transferred in a transaction meeting the requirements of Rule 144A and in
accordance with any applicable securities laws of any state of the United
States.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the

                                   Annex C-1
<PAGE>

Corporation, the Guarantors and the Initial Purchasers of the Notes under the
Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

(If the Transferor owner is a corporation, partnership or fiduciary, the title
of the Person signing on behalf of such registered owner must be stated.)

                                   Annex C-2
<PAGE>

                                                                       ANNEX D-1

                         FORM OF TRANSFER CERTIFICATE -
                          NON-GLOBAL RESTRICTED NOTE TO
                             RESTRICTED GLOBAL NOTE

                       RESTRICTED GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(f) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $        aggregate principal amount of Notes
held in certificated form (CUSIP No.            ) by [insert name of transferor]
(the "Transferor"). The Transferor has requested a transfer of such Notes to a
Person that will take delivery in the form of an equal principal amount of Notes
evidenced by the Restricted Global Note (CUSIP No.         ).

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected pursuant to and in
accordance with Rule 144A under the United States Securities Act of 1933, as
amended, and accordingly the Transferor does hereby further certify that the
Notes are being transferred to a person that the Transferor reasonably believes
is purchasing the Notes for its own account, or for one or more accounts with
respect to which such Person exercises sole investment discretion, and such
Person and each such account is a "qualified institutional buyer" within the
meaning of Rule 144A and the Notes have been transferred in a transaction
meeting the requirements of Rule 144A and in accordance with any applicable
securities laws of any state of the United States.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

                                  Annex D-1-1
<PAGE>

                                                                       ANNEX D-2

                        FORM OF CERTIFICATE - NON-GLOBAL
                     RESTRICTED NOTE TO REGULATION S GLOBAL
                         NOTE OR TEMPORARY REGULATION S
                                   GLOBAL NOTE

                      REGULATION S GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(f) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $       aggregate principal amount of Notes
held in certificated form (CUSIP No.          ) by [insert name of transferor]
(the "Transferor"). The Transferor has requested an exchange or transfer of such
Notes to a Person that will take delivery in the form of an equal principal
amount of Notes evidenced by the Regulation S Global Note or the Temporary
Regulation S Global Note (CUSIP No.            ).

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected pursuant to and in
accordance with Rule 903 or Rule 904 under the Securities Act of 1933, as
amended (the "Securities Act"), accordingly the Transferor does hereby further
certify that:

(a) the offer of the Notes was not made to a person in the United States;

(b) either:

(i) at the time the buy order was originated,

United States or the Transferor and any person acting on its behalf reasonably
believed that the transferee was outside the United States, or

(ii) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither the Transferor nor any person
acting on its behalf knows that the transaction was prearranged with a buyer in
the United States;

                                  Annex D-2-1
<PAGE>

(c) no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S under the Securities Act,
as applicable;

(d) the transaction is not part of a plan or scheme to evade the registration
requirements of the Act; and

(e) if such transfer is to occur during the Restricted Period, upon completion
of the transaction, the beneficial interest being transferred as described above
was held with the Depository through [Euroclear] [Clearstream].

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement, dated June 21, 2005 with the Corporation relating to the
Notes.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

                                  Annex D-2-2
<PAGE>

                                                                       ANNEX D-3

                    FORM OF TRANSFER CERTIFICATE - NON-GLOBAL
                               RESTRICTED NOTE TO
                                 IAI GLOBAL NOTE

                           IAI GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(f) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $       aggregate principal amount of Notes
which are evidenced by an IAI Certificated Note (CUSIP No.        ), registered
in the name of [insert name of transferor] (the "Transferor"). The Transferor
has requested a transfer of U.S. $        aggregate principal amount of Notes to
a Person who will take delivery thereof in the form of an equal aggregate
principal amount of Notes evidenced an IAI Global Note (CUSIP No.          ),
registered in the name of such Person.

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected to a Person that the
Transferor reasonably believes to be an institutional accredited investor
pursuant as defined in Rule 501(a)(1), (2), (3) and (7) under the United States
Securities Act of 1933, as amended (the "Securities Act") and that such Person
is not a Qualified Institutional Buyer within the meaning of Rule 144A under the
Securities Act.

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement, dated _________with the Corporation relating to the
Notes.

Dated: [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

(If the Transferor is a corporation, partnership or fiduciary, the title of the
Person signing on behalf of such registered owner must be stated.)

                                  Annex D-3-1
<PAGE>

                                                                       ANNEX E-1

                           ACCREDITED INVESTOR LETTER

Residential Capital Corporation

Deutsche Bank Trust Company Americas, as Trustee

Ladies and Gentlemen:

      In connection with our proposed purchase of $________ of [the Floating
Rate Notes due 2007 / the __% Notes due 2010 / the __% Notes due 2015] (the
"Notes") issued by Residential Capital Corporation. ("Issuer"), we confirm that:

      1. We are purchasing the notes for our own account, or for one or more
investor accounts for which we are acting as a fiduciary or agent, in each case
for investment, and not with a view to, or for offer or sale in connection with,
any distribution in violation of the Securities Act, subject to any requirement
of law that the disposition of our property or the property of such investor
account or accounts be at all times within our or their control and subject to
our or their ability to resell the notes pursuant to Rule 144A, Regulation S or
any exemption from registration available under the Securities Act of 1933, as
amended (the "Securities Act").

      2. We are an institutional "accredited investor" within the meaning of
Rule 501(a)(1), (2), (3) or (7) under the Securities Act who is purchasing notes
with a principal amount of at least $250,000 and, if the notes are to be
purchased for one or more accounts (the "investor accounts") for which we are
acting as fiduciary or agent, each such account is an institutional accredited
investor who is purchasing notes with a principal amount of at least $250,000.
In the normal course of business or our investing activities, we invest in or
purchase securities similar to the notes and we have such knowledge and
experience in financial business matters that we are capable of evaluating the
merits and risks of purchasing the notes. We are aware that we (or any investor
account) may be required to bear the economic risk of an investment in the notes
for an indefinite period of time and we (or such investor account) are able to
bear such risk for an indefinite period.

      3. We acknowledge that none of the Issuer, the initial purchasers or any
persons representing any of them has made any representation to us with respect
to any such entity or the offering or sale of any notes, other than the
information contained in the Issuer's offering memorandum dated June 21, 2005,
related to the notes, which offering memorandum has been delivered to us and
upon which we are relying in making our investment decision with respect to the
notes. Accordingly, we acknowledge that no representation or warranty is made by
the initial purchasers as to the accuracy or completeness of such materials. We
have had access to such financial and other information concerning the Issuer
and the notes as we have deemed necessary in connection with our decision to
purchase any of the notes, including an opportunity to ask questions of, and
request information from, the Issuer and the initial purchasers.

                                  Annex E-1-1
<PAGE>

      4. We understand and agree that the offer and sale of the notes have not
been registered under the Securities Act and that such notes are being offered
only in a transaction not involving any public offering within the meaning of
the Securities Act, and that (A) if we decide to resell, pledge or otherwise
transfer such notes on which a legend setting forth these restrictions appears,
such notes may be resold, pledged or otherwise transferred only (i) to the
Issuer, (ii) in a transaction entitled to an exemption from registration
provided by Rule 144 under the Securities Act, (iii) so long as such notes are
eligible for resale pursuant to Rule 144A, to a person whom we reasonably
believe is a qualified institutional buyer that purchases for its own account or
for the account of a qualified institutional buyer to whom notice is given that
the resale, pledge or other transfer is being made in reliance on Rule 144A,
(iv) outside the United States in a transaction meeting the requirements of
Regulation S, (v) in accordance with another exemption from the registration
requirements of the Securities Act (and based upon an opinion of counsel
acceptable to the Issuer), in each case in accordance with any applicable
securities laws of any state of the United States or (vi) pursuant to a
registration statement which has been declared effective under the Securities
Act and (B) we will, and each subsequent holder is required to, notify any
purchaser of notes from us or it of the resale restrictions referred to in (A)
above, if then applicable. We acknowledge that the foregoing restrictions apply
to holders of beneficial interest in the notes, as well as to holders of the
notes.

      5. We understand that, on any proposed resale of any notes, we will be
required to furnish to the trustee and the Issuer such certifications, legal
opinions and other information as the trustee and the Issuer may reasonably
require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the notes purchased by us will bear a
legend to the foregoing effect.

      6. We acknowledge that the Issuer, the trustee, the initial purchasers and
others will rely upon the truth and accuracy of the foregoing acknowledgements,
representations and agreements and agrees that if any of the foregoing
acknowledgements, representations or agreements are no longer accurate, we shall
promptly notify the Issuer, the trustee and the initial purchasers. If we are
acquiring the notes as a fiduciary or agent for one or more investor accounts,
we represent that we have sole investment discretion with respect to each such
account and we have full power to make the foregoing acknowledgements,
representations and agreements on behalf of each account and that each such
investor account is eligible to purchase the notes.

      The Issuer, the trustee and the initial purchasers are entitled to rely
upon this letter and are irrevocably authorized to produce this letter or a copy
hereof to any interested party in any administrative or legal proceeding or
official inquiry with respect to the matters covered hereby.

                                            Very truly yours,

                                            By: ________________________________
                                                Name:
                                                Title:

                                  Annex E-1-2
<PAGE>

                                                                       ANNEX E-2

             FORM OF TRANSFER CERTIFICATE - IAI CERTIFICATED NOTE TO
                              IAI CERTIFICATED NOTE

                        IAI CERTIFICATED NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(g) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $        aggregate principal amount of Notes
which are evidenced by an IAI Certificated Note (CUSIP No.        ) , registered
in the name of [insert name of transferor] (the "Transferor"). The Transferor
has requested a transfer of U.S. $      aggregate principal amount of Notes to a
Person who will take delivery thereof in the form of an equal aggregate
principal amount of Notes evidenced by an IAI Certificated Note (CUSIP No.    ),
registered in the name of such Person.

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected to a Person that the
Transferor reasonably believes to be an institutional accredited investor
pursuant as defined in Rule 501(a)(1), (2), (3) and (7) under the United States
Securities Act of 1933, as amended (the "Securities Act").

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement dated June 21, 2005 with the Corporation relating to the
Notes.

Dated: [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

     (If the Transferor is a corporation, partnership or fiduciary, the title of
          the Person signing on behalf of such registered owner must be stated.)

                                  Annex E-2-1
<PAGE>

                                                                       ANNEX E-3

                  FORM OF TRANSFER CERTIFICATE - GLOBAL NOTE TO
                                 IAI GLOBAL NOTE

                           IAI GLOBAL NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(g) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $          aggregate principal amount of Notes
which are evidenced by [a Restricted Global Note/a Regulation S Global Note/an
IAI Global Note] (CUSIP No.               ) and held with the Depositary in the
name of [insert name of        transferor] (the "Transferor"). The Transferor
has requested a transfer of such beneficial interest in the Notes to a Person
who will take delivery thereof in the form of a beneficial interest in equal
aggregate principal amount of Notes evidenced by the Global IAI Global Note
(CUSIP No.           ), which will held by such Person.

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected to a Person that the
Transferor reasonably believes to be an institutional accredited investor
pursuant as defined in Rule 501(a)(1), (2), (3) and (7) under the United States
Securities Act of 1933, as amended (the "Securities Act").

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement dated June 21, 2005 with the Corporation relating to the
Notes. Terms used in this certificate and not otherwise defined in the Indenture
have the meanings set forth in Regulation S under the Securities Act.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

(If the Transferor is a corporation, partnership or fiduciary, the title of the
Person signing on behalf of such registered owner must be stated.)

                                  Annex E-3-1
<PAGE>

                                                                       ANNEX E-4

                  FORM OF TRANSFER CERTIFICATE - GLOBAL NOTE TO
                              IAI CERTIFICATED NOTE

                        IAI CERTIFICATED NOTE CERTIFICATE
          (FOR TRANSFERS PURSUANT TO SECTION 2.06(g) OF THE INDENTURE)

Deutsche Bank Trust Company Americas, as Trustee
60 Wall Street - 27th Floor
New York, New York 10005
Attention: Trust and Securities Services

Re: [title of series] of Residential Capital Corporation (the "Notes")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee. Capitalized terms used but not defined herein shall have
the meanings given to them in the Indenture.

This certificate relates to U.S. $         aggregate principal amount of Notes
which are evidenced by [a Restricted Global Note/a Regulation S Global Note/an
IAI Global Note] (CUSIP No.          ) and held with the Depositary in the name
of [insert name of              transferor] (the "Transferor"). The Transferor
has requested a transfer of such beneficial interest in the Notes to a Person
who will take delivery thereof in the form of an equal aggregate principal
amount of Notes evidenced by an IAI Certificated Note (CUSIP No.            ),
which will held by such Person.

In connection with such request and in respect of such Notes, the Transferor
does hereby certify that such transfer has been effected to a Person that the
Transferor reasonably believes to be an institutional accredited investor
pursuant as defined in Rule 501(a)(1), (2), (3) and (7) under the United States
Securities Act of 1933, as amended (the "Securities Act").

We understand that this certificate is required in connection with certain
securities laws of the United States. In connection therewith, if administrative
or legal proceedings are commenced or threatened in connection with which this
certificate is or would be relevant, we irrevocably authorize you to produce
this certificate to any interested party in such proceeding. This certificate
and the statements contained herein are made for your benefit and the benefit of
the Corporation, the Guarantors and the Initial Purchasers of the Notes under
the Purchase Agreement dated June 21, 2005 with the Corporation relating to the
Notes. Terms used in this certificate and not otherwise defined in the Indenture
have the meanings set forth in Regulation S under the Securities Act.

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

(If the Transferor is a corporation, partnership or fiduciary, the title of the
Person signing on behalf of such registered owner must be stated.)

                                  Annex E-4-1
<PAGE>

                                                                         ANNEX F

                        FORM OF INSTRUCTION FOR EXCHANGE
           (FOR USE PRIOR TO THE EXCHANGE OF A TEMPORARY REGULATION S
                       FOR ONE OR MORE RESTRICTED NOTES.)

                              EXCHANGE INSTRUCTIONS

                         RESIDENTIAL CAPITAL CORPORATION
                         [TITLE OF SERIES] (THE "NOTES")

Reference is hereby made to the Indenture, dated as of June 24, 2005, as
supplemented by a Supplemental Indenture, dated as of June 24, 2005 (as so
supplemented, the "Indenture"), among Residential Capital Corporation (the
"Corporation"), the guarantors named therein and Deutsche Bank Trust Company
Americas, as Trustee, [insert name of initial purchaser] hereby requests that $
            aggregate principal amount of the above-captioned Notes held by you
for our account in the Temporary Regulation S Note (CUSIP No.        ) (as
defined in the Indenture) be exchanged for one or more Restricted [Global] Notes
[(CUSIP No.                   )] in the denominations and registered in the
names of the holders requested as set forth below:

Denominations     Registered Name

Dated:                                      [Insert Name of Transferor]

                                            By: ________________________________
                                                Name:
                                                Title:

                                    Annex F-1<PAGE>

                                                                    EXHIBIT 10.1

                              OPERATING AGREEMENT

     AGREEMENT, dated as of June 24, 2005, by and between GENERAL MOTORS
CORPORATION, a Delaware corporation ("GM"), GENERAL MOTORS ACCEPTANCE
CORPORATION ("GMAC"), a Delaware corporation and a wholly-owned Subsidiary of
GM, and RESIDENTIAL CAPITAL CORPORATION ("RESCAP"), a Delaware corporation and
an indirect wholly-owned Subsidiary of GMAC.

     The parties agree as follows:

     SECTION 1.  Definitions.  For purposes of this Agreement, the following
terms shall have the meanings assigned in this section:

          "AFFILIATE" means, with respect to any Person, any other Person
     directly or indirectly Controlling or Controlled by or under direct or
     indirect common Control with such Person.

          "BANK AGENT" means, with respect to any senior unsecured credit
     facility under which ResCap is a borrower, the administrative agent under
     such facility, or if there is no such agent, each lender under such
     facility.

          "CAPITAL STOCK" of any Person means any and all shares, interests,
     participations or other equivalents (however designated) of corporate
     stock, including any preferred stock.

          "CLASS" means, with respect to any Rated Indebtedness, all such Rated
     Indebtedness designated as belonging to the same class, series or issue or
     otherwise having substantially the same material terms and governed by
     substantially the same instruments.

          "CLASS AGENT" means, in the case of Rated Indebtedness evidenced by an
     indenture or other similar agreement, the trustee or other fiduciary or
     agent authorized to act for such Class (upon direction or otherwise), and,
     in all other cases, the holders of a majority in principal amount of the
     outstanding Rated Indebtedness of such Class.

          "CONTROL" means the possession, directly or indirectly, of the power
     to direct or cause the direction of the management or policies of a Person,
     whether through the ownership of voting securities or general partnership
     or managing member interests, by contract or otherwise. "Controlling" and
     "Controlled" shall have correlative meanings. Without limiting the
     generality of the foregoing, a Person shall be deemed to Control any other
     Person in which it owns, directly or indirectly, a majority of the
     ownership interests.

          "CUMULATIVE NET INCOME" means the net income of ResCap and its
     Subsidiaries on a consolidated basis determined in accordance with GAAP for
     the period beginning with the first day of the first fiscal quarter
     beginning after the date of this Agreement and ending on the last day of
     the fiscal quarter ending immediately preceding the date as of which a
     determination of Cumulative Net Income is required.

          "DISQUALIFIED STOCK" means any Capital Stock that by its terms (or by
     the terms of any security into which it is convertible or for which it is
     exchangeable), or upon the happening of any event, matures or is
     mandatorily redeemable, pursuant to a sinking fund obligation or otherwise,
     or is redeemable at the option of the holder thereof, in whole or in part.

          "DIVIDEND" means any dividend or distribution of cash or property by
     ResCap on account of its Capital Stock or the repurchase by ResCap of its
     Capital Stock (other than dividends, distributions or repurchases payable
     in Capital Stock (other than Disqualified Stock)).

          "EXCLUDED PREPAYMENTS" shall have the meaning set forth in Section
     2(e).

                                        1
<PAGE>

          "GAAP" means generally accepted accounting principles as in effect in
     the United States from time to time, applied on a consistent basis.

          "GM AFFILIATE" means GM and any Person that is an Affiliate of GM,
     other than GMAC and its Subsidiaries.

          "GM AFFILIATE BUSINESS" means all businesses and operations (whether
     or not such businesses or operations are terminated, divested or
     discontinued) of the GM Affiliates as conducted from time to time.

          "GM INDEMNIFIABLE LIABILITIES" means all Liabilities of any GM
     Affiliate to the extent such Liabilities (a) relate to, (b) arise out of or
     (c) result principally from any of the following items:

             (i) the failure of any GM Affiliate to pay, perform or otherwise
        promptly discharge any Liabilities of such GM Affiliate in accordance
        with their terms; or

             (ii) the GM Affiliate Business.

          "GMAC AFFILIATE" means GM, GMAC and any Person that is an Affiliate of
     GM or GMAC, other than ResCap and its Subsidiaries.

          "GMAC AFFILIATE BUSINESS" means all businesses and operations (whether
     or not such businesses or operations are terminated, divested or
     discontinued) of the GMAC Affiliates as conducted from time to time.

          "GMAC INDEMNIFIABLE LIABILITIES" means all Liabilities of any GMAC
     Affiliate to the extent such Liabilities (a) relate to, (b) arise out of or
     (c) result principally from any of the following items:

             (i) the failure of any GMAC Affiliate to pay, perform or otherwise
        promptly discharge any Liabilities of such GMAC Affiliate in accordance
        with their terms; or

             (ii) the GMAC Affiliate Business.

          "GMAC SUBORDINATED DEBT" means any indebtedness owed by ResCap or any
     of its Subsidiaries to any GMAC Affiliate that is subordinated to Rated
     Indebtedness in right of payment of principal, interest and premium, if
     any.

          "GOVERNMENTAL AUTHORITY" means any supranational, international,
     national, federal, state or local court, government, department,
     commission, board, bureau, agency, official or other regulatory,
     administrative or governmental authority.

          "INDEPENDENT DIRECTOR" means an individual who: (A) is not and has not
     been an officer, director or employee, and has no immediate family member
     that is or has been an officer, of any GMAC Affiliate within the three
     years immediately prior to such individual's appointment as an Independent
     Director; (B) has not received, and has no immediate family member who has
     received, during any twelve-month period in the three years immediately
     prior to such individual's appointment as an Independent Director, more
     than $100,000 in direct compensation from any GMAC Affiliate, other than
     director fees and pension and other forms of deferred compensation for
     prior service that is not contingent in any way on continued service; (C)
     is not employed by, and has no immediate family member that is an officer
     of, any Person that has made payments to, or received payments from, any
     GMAC Affiliate for property or services in an amount which, in any of the
     last three fiscal years, exceeds the greater of $1 million or 2% of
     ResCap's consolidated gross revenues; and (D) is reasonably believed by the
     then current directors of ResCap to be financially sophisticated and
     otherwise qualified to fulfill the obligations of an Independent Director
     as set forth in this Agreement. For purposes of this definition, "immediate
     family member" means an individual's spouse, parents and parents-in-law,
     siblings and siblings-in-law, children and children-in-law and anyone
     (other than domestic employees) who shares such individual's home.
     Notwithstanding anything contained in clauses (A) through (D) above, any
     Independent Director may serve or have served as an

                                        2
<PAGE>

     Independent Director of one or more limited purpose entities organized for
     the purpose of acquiring, financing or otherwise investing, directly or
     indirectly, in assets or receivables originated, owned or serviced by any
     GMAC Affiliate or ResCap Subsidiary or holding equity beneficial interest
     in trusts formed by any GMAC Affiliate or ResCap Subsidiary.

          "INVESTMENT" in any Person means any loan, advance or other extension
     of credit (other than in the ordinary course of business) to such Person
     (whether in cash or property) or any capital contribution or purchase or
     acquisition of any Capital Stock or indebtedness of such Person (whether in
     cash or property); provided, however, that the term "Investment" shall not
     include any purchase of securities issued by a GMAC Affiliate through the
     use of funds in a custodial account held by ResCap or its Subsidiaries
     relating to the sale of financial assets by ResCap or its Subsidiaries.

          "LIABILITIES" means all debts, liabilities, obligations,
     responsibilities, response actions, losses, damages (whether compensatory,
     punitive or treble), fines, penalties and sanctions, absolute or
     contingent, matured or unmatured, liquidated or unliquidated, foreseen or
     unforeseen, joint, several or individual, asserted or unasserted, accrued
     or unaccrued, known or unknown, whenever arising, including those arising
     under or in connection with any law, statute, ordinance, regulation, rule
     or other pronouncements of Governmental Authorities having the effect of
     law, Proceeding, threatened Proceeding, order or consent decree of any
     Governmental Authority or any award of any arbitration tribunal, and those
     arising under any contract, guarantee, commitment or undertaking, whether
     sought to be imposed by a Governmental Authority, a party to this agreement
     or any other Person, whether based in contract, tort, implied or express
     warranty, strict liability, criminal or civil statute, or otherwise, and
     including any costs, expenses, interest, external attorneys' fees,
     disbursements and expense of external counsel, expert and consulting fees
     and costs related thereto or to the investigation or defense thereof.

          "LOSSES" means all losses, liabilities, penalties, claims, damages,
     demands, costs and expenses (including reasonable external attorneys' fees,
     investigation expenses, out-of-pocket expenses, interest and punitive or
     consequential damages) and other Liabilities of any kind.

          "PERSON" means any individual, corporation, partnership, joint
     venture, limited liability company, limited liability partnership,
     association, joint stock company, trust, unincorporated organization, or
     other organization, whether or not a legal entity, and any Governmental
     Authority.

          "PREPAYMENT" means any payment of principal in respect of GMAC
     Subordinated Debt prior to the stated maturity thereof.

          "PROCEEDING" means any past, present or future suit, counter suit,
     action, arbitration, mediation, alternative dispute resolution process,
     claim, counterclaim, demand, proceeding, inquiry or investigation by or
     before any Governmental Authority or any arbitration or mediation tribunal.

          "RATING AGENCIES" means Standard & Poor's Ratings Services, Moody's
     Investors Service, Inc., Fitch Ratings, Inc. and Dominion Bond Rating
     Service, or, if any such agency shall cease to perform the functions of a
     statistical rating agency, a replacement therefor that is a nationally
     recognized statistical rating agency in the United States and is designated
     by GMAC and ResCap.

          "RATED INDEBTEDNESS" means any senior long-term unsecured debt of
     ResCap, that, at the relevant time, is outstanding and not defeased in
     accordance with its terms and that is at the time of its issuance rated by
     at least two of the Rating Agencies, unless the instruments governing such
     indebtedness provide that they are not entitled to the benefits of this
     Agreement.

          "RESCAP BUSINESS" means all businesses and operations (whether or not
     such businesses or operations are terminated, divested or discontinued) of
     ResCap or its Subsidiaries as conducted from time to time.

                                        3
<PAGE>

          "RESCAP INDEMNIFIABLE LIABILITIES" means all Liabilities of ResCap or
     any of its Subsidiaries to the extent such Liabilities (a) relate to, (b)
     arise out of or (c) result principally from any of the following items:

             (i) the failure of ResCap or any of its Subsidiaries to pay,
        perform or otherwise promptly discharge any Liabilities of ResCap or
        such Subsidiary, as the case may be, in accordance with their terms; or

             (ii) the ResCap Business.

          "STOCKHOLDER'S EQUITY" means, at any time of determination, the amount
     which would be shown as stockholder's equity on the consolidated balance
     sheet of ResCap as of such time prepared in accordance with GAAP.

          "SUBSIDIARY" means, with respect to any Person, any other Person of
     which a majority of the voting interests is owned, directly or indirectly,
     by such Person; provided, however, that the term "Subsidiary" shall not
     include any securitization trusts or similar Person established by any
     ResCap Subsidiary.

     SECTION 2.  Covenants.  Each of GMAC and ResCap, as applicable, agrees as
follows:

          (a) ResCap shall not, nor shall it permit any of its Subsidiaries to:

             (i) guarantee any indebtedness of any GMAC Affiliate; or

             (ii) make any Investment in any GMAC Affiliate.

          (b) Except as provided in Section 2(c), ResCap shall not, nor shall it
     permit any of its Subsidiaries to, engage in material transactions with or
     originated through any GMAC Affiliate unless such transactions are on terms
     and conditions that are consistent with those that parties at arm's-length
     would agree to and for fair value; provided that in addition:

             (i) all financing arrangements and intercompany debt obligations
        between ResCap or any of its Subsidiaries and GMAC Affiliates must be in
        writing;

             (ii) any agreement between ResCap and/or any of its Subsidiaries
        and any GMAC Affiliate(s) that involve the payment by ResCap or any of
        its Subsidiaries or by any GMAC Affiliate of more than $25 million per
        year or the provisions of goods or services by ResCap and/or any of its
        Subsidiaries or by any GMAC Affiliate(s) valued in excess of $25 million
        per year must be in writing; and

             (iii) ResCap and GMAC shall maintain in effect an income tax
        allocation agreement that shall provide for two-way sharing payments
        based on the separately calculated tax liability or benefit of ResCap.

          (c) Notwithstanding the requirements of Section 2(b):

             (i) ResCap shall maintain in effect a licensing agreement providing
        for the use by ResCap and its Subsidiaries of certain trademarks, trade
        names and other intellectual property of GMAC Affiliates on a
        royalty-free basis and on such terms as may be agreed to from time to
        time between ResCap and GMAC.

             (ii) ResCap shall maintain in effect a services and facilities
        agreement providing for the provision of certain services by GM and GMAC
        to ResCap and its Subsidiaries and the provision of certain services by
        ResCap to GMAC Affiliates on such terms as may be agreed from time to
        time among ResCap, GM and GMAC.

             (iii) ResCap and its Subsidiaries may provide residential mortgage
        financing and other services to employees of any GMAC Affiliate on
        substantially similar terms as they make to employees of ResCap and its
        Subsidiaries and the GMAC Affiliates may provide automobile

                                        4
<PAGE>

        discounts and other services or discounts to employees of ResCap or any
        of its Subsidiaries on substantially similar terms as they make to
        employees of any GMAC Affiliate.

          (d) (i) Subject to Sections 2(d)(iii) and (iv), ResCap shall not,
     directly or indirectly, declare or make any Dividend unless at the time
     such Dividend is declared and paid Stockholder's Equity exceeds $6.5
     billion.

             (ii) If ResCap is permitted to declare or make any Dividend under
        Section 2(d)(i) above, the cumulative amount of Dividends paid after the
        date of this Agreement shall not exceed:

                (a) 50% of ResCap's Cumulative Net Income at the time such
           Dividend is declared and paid minus

                (b) to the extent a positive number, the cumulative amount of
           any Prepayments made under section 2(e)(i) below, other than Excluded
           Prepayments, minus 50% of ResCap's Cumulative Net Income at the time
           such Dividend is declared and paid.

             (iii) The provisions of this Section 2(d) shall not prohibit the
        payment of any Dividend within 60 days after the date of declaration
        thereof if, as of such date of declaration, such payment would comply
        with the restrictions set forth in this Section 2(d).

             (iv) The restrictions set forth in this Section 2(d) shall cease to
        be effective upon the occurrence of Stockholder's Equity exceeding $12.0
        billion as of the end of each of two consecutive fiscal quarters.

             (vi) Promptly after the declaration of any Dividend, the Chief
        Financial Officer or Treasurer of ResCap shall provide a certificate to
        any Class Agent or Bank Agent certifying as to ResCap's compliance with
        this Agreement as of such date based on the latest available published
        financial statements of ResCap.

          (e) Without limiting the applicable provisions in the relevant
     underlying loan documents, ResCap shall not make any Prepayment of any GMAC
     Subordinated Debt, except from (i) ResCap's Cumulative Net Income at the
     time such Prepayment is made, less any Dividends previously paid after the
     date of this Agreement and any Prepayments of GMAC Subordinated Debt made
     after the date of this Agreement (to the extent that such Prepayment was
     made from ResCap's Cumulative Net Income), other than Excluded Prepayments,
     (ii) the net proceeds to ResCap from the issuance of Capital Stock or
     indebtedness to any Person (other than a GMAC Affiliate) that is
     subordinated in right of payment of principal, interest and premium, if
     any, to Rated Indebtedness, or (iii) 50% of the net proceeds to Rescap from
     the issuance or incurrence of indebtedness to any Person (other than a GMAC
     Affiliate) that ranks pari passu with Rated Indebtedness in right of
     payment of principal, interest and premium, if any. Notwithstanding the
     foregoing, ResCap may make Prepayments of GMAC Subordinated Debt of up to a
     cumulative amount of $500 million after the date of this Agreement
     ("Excluded Prepayments").

          (f) ResCap shall at all times (i) maintain, or cause to be maintained,
     books, records and financial statements for itself and its Subsidiaries
     separate from those of any and all GMAC Affiliates; (ii) maintain, or cause
     to be maintained, its assets and the assets of its Subsidiaries in such a
     manner that it would not be costly or difficult to segregate, ascertain or
     identify such assets from those of any and all GMAC Affiliates; (iii)
     maintain, or cause to be maintained, bank accounts and cash management and
     account receivable collection systems for itself and its Subsidiaries
     separate from those of any and all GMAC Affiliates; (iv) maintain, or cause
     to be maintained, its own asset investment, risk management and hedging
     programs and systems for itself and its Subsidiaries separate from those of
     any and all GMAC Affiliates (which may be similar to or the same as those
     maintained by GMAC); (v) pay its own liabilities only out of its own funds
     or promptly reimburse any GMAC Affiliate for ResCap's share of any expenses
     relating to amounts owing under the Services and Facilities Agreement or
     master vendor contracts or similar arrangements paid on behalf of ResCap by
     such GMAC Affiliate; (vi) use its own stationary, invoices, checks and
     business forms;

                                        5
<PAGE>

     (vii) conduct or cause to be conducted the business operations of itself
     and its Subsidiaries by its or their own employees and officers, who will
     not also be employees or officers of any GMAC Affiliates; (viii) not
     commingle, or permit its Subsidiaries to commingle, the funds and other
     assets of ResCap and its Subsidiaries with those of any GMAC Affiliate;
     (ix) at all times hold itself out, and cause its Subsidiaries to hold
     themselves out, to the public as a legal entity separate and distinct from
     any and all GMAC Affiliates and undertake to correct any known
     misunderstanding regarding its separate identity; and (x) otherwise take,
     or cause to be taken, such reasonable and customary action so that ResCap
     will maintain its separate legal existence and identity; provided, however,
     that the foregoing shall not prohibit ResCap and its Subsidiaries from
     using trademarks and names of GMAC Affiliates, it being understood that
     such use shall not be violative of or otherwise inconsistent with Section
     2(f)(ix) above.

          (g) (i) GMAC shall vote for, and ResCap shall at all times have, at
     least two Independent Directors. In the event of a vacancy in the position
     of an Independent Director, whether as a result of resignation, removal, or
     otherwise, GMAC shall, as promptly as practicable, elect a successor
     Independent Director. No appointment of an Independent Director or
     successor Independent Director, shall be effective until such Independent
     Director or successor shall have (y) accepted his or her appointment as an
     Independent Director by a written instrument, which may be a counterpart
     signature page to this Agreement, and (z) executed a counterpart to this
     Agreement. In acting or otherwise voting on matters referred to in Section
     2(g)(iii), to the fullest extent permitted by law, the Independent
     Directors shall consider only the interest of ResCap, including its
     creditors. GMAC agrees that it will not bring any legal action, including
     actions asserting claims for breach of fiduciary duty, against any
     Independent Director for acting in accordance with Sections 2(g)(i),
     2(g)(iii), 4 or 8, or for any claims against which such Independent
     Directors are exculpated pursuant to the terms of ResCap's Certificate of
     Incorporation, as in effect on the date hereof.

             (ii) The chairperson of the Audit Committee of the Board of
        Directors shall be an Independent Director.

             (iii) Notwithstanding ResCap's Certificate of Incorporation or
        Bylaws or any provision of law that otherwise so empowers ResCap,
        ResCap's stockholders, ResCap's Board of Directors, any officer of
        ResCap or any other Person, none of GMAC, ResCap or any officer of
        ResCap shall be authorized or empowered, nor shall they permit ResCap to
        (A) institute proceedings to have ResCap be adjudicated bankrupt or
        insolvent, (B) consent to the institution of bankruptcy or insolvency
        proceedings against ResCap, (C) file a petition seeking, or consent to,
        the appointment of a receiver, assignee, trustee, sequestrator or other
        similar official of ResCap or a substantial part of its assets, (D) make
        any assignment for the benefit of creditors of ResCap, or (E) take
        action in furtherance of any such action, in each case to the fullest
        extent permitted by law, in each case if such action is being taken in
        connection with the commencement or pendency of a bankruptcy or
        insolvency proceeding of any GMAC Affiliate, unless the action is
        authorized by the prior approval of ResCap's Board of Directors
        (including the approval of a majority of the Independent Directors).
        ResCap's Board of Directors shall not vote on, or authorize the taking
        of, any of the foregoing actions unless there is at least one
        Independent Director then serving in such capacity. Further,
        notwithstanding ResCap's Certificate of Incorporation or Bylaws or any
        provision of law that otherwise so empowers ResCap, ResCap's
        stockholders or ResCap's Board of Directors, ResCap shall not be
        authorized or empowered to amend Article VI of its Bylaws without the
        approval of the majority of the Independent Directors.

             (iv) ResCap shall maintain or have in effect directors and officers
        insurance, errors and omissions insurance and comprehensive general
        liability insurance covering its Independent Directors in amounts and on
        such terms as are usual and customary for a company similar in size to
        ResCap and engaged in a business similar to that engaged in by ResCap.

                                        6
<PAGE>

          (h) In accordance with GAAP and the rules and regulations of the
     Securities and Exchange Commission, GMAC shall prepare consolidated
     financial statements that include ResCap. The supplemental disclosures to
     such financial statements shall provide that ResCap's creditors will be
     entitled to be satisfied out of ResCap's assets prior to ResCap's equity
     holders and that GMAC conducts its residential mortgage operations and
     related businesses through ResCap.

          (i) GMAC shall otherwise hold out ResCap and ResCap's Subsidiaries as
     legal entities separate and distinct and correct any known misunderstanding
     about ResCap's separate identity from GMAC.

     SECTION 3.  Indemnification.

     (a) GM will, to the fullest extent permitted by law, indemnify, defend and
hold harmless ResCap and its Subsidiaries from and against any Losses related to
GM Indemnifiable Liabilities.

     (b) GMAC will, to the fullest extent permitted by law, indemnify, defend
and hold harmless ResCap and its Subsidiaries from and against any Losses
related to GMAC Indemnifiable Liabilities (other than GM Indemnifiable
Liabilities).

     (c) ResCap will, to the fullest extent permitted by law, indemnify, defend
and hold harmless the GM Affiliates and the GMAC Affiliates from and against any
losses related to ResCap Indemnifiable Liabilities.

     SECTION 4.  Termination.  This Agreement shall terminate at such time as
ResCap ceases to be a direct or indirect Subsidiary of GMAC; provided that
ResCap, GM and GMAC may agree to terminate this Agreement earlier if such
termination has been approved by a majority of the members of ResCap's Board of
Directors, including a majority of the Independent Directors. In acting or
otherwise voting on matters referred to in this Section 4, to the fullest extent
permitted by law, the Independent Directors shall consider only the interest of
ResCap, including its creditors. To the extent that such approval is required,
ResCap's Board of Directors shall not vote on, or authorize, the termination of
this Agreement unless there is at least one Independent Director then serving in
such capacity.

     SECTION 5.  Notices.  All notices and other communications given or made
pursuant to this Agreement shall be in writing and shall be deemed to have been
duly given when received at the addresses or telecopy numbers specified below
(or at such other address or telecopy number for a party as shall be specified
by like notice):

     If to GM:

         General Motors Corporation
         200 Renaissance Center
         Detroit, MI 48265
         Attn: Corporate Secretary

     If to GMAC:

         General Motors Acceptance Corporation
         200 Renaissance Center
         Detroit, MI 48265
         Attn: Corporate Secretary

     If to ResCap:

         Residential Capital Corporation
         8400 Normandale Lake Boulevard
         Minneapolis, MN 55437
         Attn: General Counsel

     SECTION 6.  Entire Agreement.  This Agreement constitutes the entire
agreement of the parties and supersedes all prior agreements and undertakings,
both written and oral, among the parties, or any of them, with respect to the
subject matters hereof.

                                        7
<PAGE>

     SECTION 7.  No Guarantee.  This Agreement is not, and shall not be
construed to be, a guarantee by GM or GMAC of any indebtedness of ResCap or an
agreement by GM or GMAC to contribute additional capital to ResCap. GMAC's sole
obligation under this Agreement (except as set forth in Section 3) is to comply
with the Independent Director provisions of Section 2(g) and the provisions of
Sections 2(h) and 2(i) and the sole remedy against GMAC for breach of those
sections is specific performance. GM's sole obligation under this Agreement is
as set forth in Section 3. Under no circumstances shall GM or GMAC be liable for
damages for breach of this Agreement (other than Section 3).

     SECTION 8.  Amendment and Waiver.  The provisions of this Agreement may not
be amended or waived except by an instrument in writing signed by the parties
hereto; provided that no amendment or waiver that materially and adversely
affects the rights of any Class of Rated Indebtedness shall become effective
unless such amendment or waiver has been approved by a majority of the members
of ResCap's Board of Directors, including a majority of the Independent
Directors. In acting or otherwise voting on matters referred to in this Section
8 that materially and adversely affect the rights of any Class of Rated
Indebtedness, to the fullest extent permitted by law, the Independent Directors
shall consider only the interest of ResCap, including its creditors. ResCap
shall provide to each Class Agent and Bank Agent a copy of any amendment or
waiver of this Agreement. ResCap's Board of Directors shall not vote on, or
authorize, any amendment to this Agreement unless there is at least one
Independent Director then serving in such capacity.

     SECTION 9.  Assignment.  This Agreement may not be assigned, except in
connection with a merger or consolidation and except that all or any of the
rights of GM hereunder may be assigned to any other GM Affiliate and any rights
of GMAC hereunder may be assigned to any other GMAC Affiliate. No such
assignment shall relieve the assigning party of its obligations hereunder.

     SECTION 10.  Transfer of ResCap to a GM Affiliate.  GMAC may not sell,
convey or otherwise transfer a majority ownership interest in ResCap to one or
more GM Affiliates in a single transaction or series of transactions, unless GM
and the applicable GM Affiliate(s) enter into an agreement substantially
identical to this Agreement prior to the time that ResCap ceases to be a direct
or indirect Subsidiary of GMAC.

     SECTION 11.  Successors and Assigns.  This Agreement shall be binding upon
and inure solely to the benefit of each party hereto and its respective
successors and permitted assigns, and nothing in this Agreement, express or
implied, is intended to or shall confer upon any other Person any right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement;
provided that the holders of Rated Indebtedness and any lenders under any credit
facility under which ResCap is a borrower shall be deemed third party
beneficiaries of this Agreement; provided, further, that the remedies of such
holders or lenders hereunder shall be limited to specific enforcement of the
provisions of this Agreement as the same may be amended and waived pursuant to
Section 8 hereof; and, provided, further, that any action to enforce the rights
of the holders of Rated Indebtedness of any Class or any lenders under any
credit facility under which ResCap is a borrower as third party beneficiaries
shall be undertaken only by the Class Agent for such Class or any Bank Agent, as
applicable.

     SECTION 12.  Delay and Waiver.  No failure or delay on the part of any
party hereto in the exercise of any right hereunder shall impair such right or
be construed to be a waiver of, or acquiescence in, any breach of any agreement
herein, nor shall any single or partial exercise of any such right preclude any
other or further exercise thereof or of any other right. Except as provided in
Section 11, all rights and remedies existing under this Agreement are cumulative
to, and not exclusive of, any other rights or remedies that any party hereto may
have.

     SECTION 13.  Governing Law.  This Agreement shall be governed by, and
construed in accordance with, the internal laws of the State of New York.

                                        8
<PAGE>

     SECTION 14.  Counterparts.  This Agreement may be executed in counterparts,
each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement.

                                    * * * *

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first written above.

                                          GENERAL MOTORS CORPORATION

                                          By:      /s/ WALTER G. BORST
                                            ------------------------------------
                                          Name: Walter G. Borst
                                          Title: Treasurer

                                          GENERAL MOTORS ACCEPTANCE
                                          CORPORATION

                                          By:      /s/ SANJIV KHATTRI
                                            ------------------------------------
                                          Name: Sanjiv Khattri
                                          Title: Executive Vice President and
                                                 Chief Financial Officer

                                          RESIDENTIAL CAPITAL CORPORATION

                                          By:      /s/ DAVEE L. OLSON
                                            ------------------------------------
                                          Name: Davee L. Olson
                                          Title: Chief Financial Officer and
                                                 Director

                                        9
<PAGE>

     The independent directors have, in reliance on the benefits conferred upon
them under this Operating Agreement, and the obligations placed on the
Corporation, accepted their appointment as Independent Directors of the
Corporation, as evidenced by their signature below.

                                          INDEPENDENT DIRECTORS:

                                          By:       /s/ THOMAS JACOB
                                            ------------------------------------

                                          By:     /s/ THOMAS C. MELZER
                                            ------------------------------------

                                        10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]