Document:

EX-10.1

 Exhibit 10.1 
 WESTLAKE CHEMICAL CORPORATION 
 2013 OMNIBUS INCENTIVE PLAN

 (As amended and Restated Effective May 17, 2013) 

1. Purpose of the Plan. The Westlake Chemical Corporation 2013 Omnibus Incentive Plan, as amended and restated effective
May 17, 2013 (the “Plan”) of Westlake Chemical Corporation, a Delaware corporation (the “Company”), is intended to advance the best interests of the Company and its Subsidiaries by providing certain Employees and Directors
of the Company and its Subsidiaries with additional incentives through the grant of Options to purchase common stock, par value US $0.01 per share of the Company (“Common Stock”), Stock Appreciation Rights (“SARs”), Restricted
Stock, Stock Units, Cash Awards and/or Performance Awards, thereby increasing the personal stake of such Employees and Directors in the continued success and growth of the Company. The Plan is a continuation, and amendment and restatement, of the
Company’s 2004 Omnibus Incentive Plan. 
 2. Definitions. As used herein, the terms set forth below shall have the
following respective meanings: 
 “Administrator” means the Compensation Committee of the Board or such other
committee as designated by the Board. 
 “Authorized Officer” means the Chief Executive Officer or the Senior Vice
President, Administration of the Company (or any other senior officer of the Company to whom the Administrator or such Authorized Officer shall delegate the authority to execute any Award Agreement or to carry out any actions, duties or other
responsibilities under the Plan as may be permitted by applicable law and directed by the Administrator, where applicable). 

“Award” means an Employee Award or a Director Award. 
 “Award Agreement” means a written or electronic notice or agreement setting forth the terms, conditions and limitations applicable to an Award, to the extent the Administrator determines such
agreement or notice is necessary. 
 “Board” means the Board of Directors of the Company. 

“Cash Award” means an Award denominated in cash. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Common Stock” means the common stock, par value $0.01 per share, of the Company. 
 “Company” means Westlake Chemical Corporation, a Delaware corporation, or any successor thereto. 

 “Director” means an individual who is a member of the Board that is not an
Employee of the Company or any of its Subsidiaries. 
 “Director Award” means any Option, Stock Appreciation Right or
Stock Award granted, whether singly, in combination or in tandem, to a Director pursuant to such applicable terms, conditions and limitations as the Administrator may establish in order to fulfill the objectives of the Plan. 

“Dividend Equivalents” means an amount equal to all dividends and other distributions (or the economic equivalent thereof) that
are payable by the Company on one share of Common Stock to stockholders of record, which, in the discretion of the Administrator, may be awarded (i) in connection with any Award under the Plan while such Award is outstanding or otherwise
subject to a Restriction Period and on a like number of shares of Common Stock under such Award or (ii) singly. 

“Employee” means an employee of the Company or any of its Subsidiaries and an individual who has agreed to become an Employee
of the Company or any of its Subsidiaries and actually becomes such an Employee within the following six months. 

“Employee Award” means any Option, Stock Appreciation Right, Stock Award or Cash Award (including any Performance Award)
granted, whether singly, in combination or in tandem, to an Employee pursuant to such applicable terms, conditions and limitations (including treatment as a Performance Award) as the Administrator may establish in order to fulfill the objectives of
the Plan. 
 “Fair Market Value” of a share of Common Stock means, as of a particular date, (i) (A) if
Common Stock is listed on a national securities exchange, the mean between the highest and lowest sales price per share of the Common Stock on the consolidated transaction reporting system for the principal national securities exchange on which
shares of Common Stock are listed on that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, or, at the discretion of the Administrator, the price prevailing on
the exchange at the time of exercise, (B) the mean between the highest and lowest sales price per share of such Common Stock reported on the consolidated transaction reporting system for The Nasdaq Stock Market, Inc. or, if there shall have
been no such sale so reported on that date, on the last preceding date on which such a sale was reported, (C) if Common Stock is not so listed or quoted, the mean between the closing bid and asked price on that date, or, if there are no
quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by The Nasdaq Stock Market, Inc., or, if not reported by The Nasdaq Stock Market, Inc., by the National Quotation Bureau
Incorporated or (D) if Common Stock is not publicly traded, the most recent value determined by an independent appraiser appointed by the Company for such purpose, or (ii) if applicable, the price per share as determined in accordance with
the procedures of a third party administrator retained by the Company to administer the Plan. 
 “Grant Date” means
the date an Award is granted to a Participant pursuant to the Plan. The Grant Date for a substituted award is the Grant Date of the original award. 

  
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 “Grant Price” means the price at which a Participant may exercise his or her right
to receive cash or Common Stock, as applicable, under the terms of an Award. 
 “Incentive Option” means an Option
that is intended to comply with the requirements set forth in Section 422 of the Code. 
 “Nonqualified Option”
means an Option that is not an Incentive Option. 
 “Option” means a right to purchase a specified number of shares of
Common Stock at a specified price. 
 “Participant” means an Employee or Director to whom an Award has been granted
under this Plan. 
 “Performance Award” means an Award made pursuant to this Plan that is subject to the attainment in
the future of one or more Performance Goals. 
 “Performance Goal” means a standard established by the Administrator,
to determine in whole or in part whether a Performance Award shall be earned. 
 “Qualified Performance Award” means a
Performance Award made to an Employee that is intended to qualify as qualified performance-based compensation under Section 162(m) of the Code, as described in Section 7(a)(v)(B) of the Plan. 

“Restricted Stock” means Common Stock that is restricted or subject to forfeiture provisions. 

“Restriction Period” means a period of time beginning as of the Grant Date of an Award of Restricted Stock and ending as of the
date upon which the Common Stock subject to such Award is no longer restricted or subject to forfeiture provisions. 

“Stock Appreciation Right” or “SAR” means a right to receive a payment, in cash or Common Stock, equal to the excess
of the Fair Market Value or other specified valuation of a specified number of shares of Common Stock on the date the right is exercised over a specified Grant Price, in each case as determined by the Administrator. 

“Stock Award” means an Award in the form of shares of Common Stock or Stock Units, including an award of Restricted Stock.

 “Stock Unit” means a unit evidencing the right to receive in specified circumstances one share of Common Stock (as
determined by the Administrator) granted to either an Employee or a Director. 
 “Subsidiary” means (i) in the
case of a corporation, any corporation of which the Company directly or indirectly owns shares representing more than 50% of the combined voting power of the shares of all classes or series of capital stock of that corporation that have the right to
vote generally on matters submitted to a vote of the stockholders of that corporation and (ii) in the case of a partnership or other business entity not organized as a corporation, any such business entity of which the Company directly or
indirectly owns more than 50% of the voting, capital or profits interests (whether in the form of partnership interests, membership interests or otherwise). 

  
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 3. Eligibility. 

(a) Employees. Employees eligible for the grant of Employee Awards under this Plan are Employees, including
Employees that may serve as a director of the Company. 
 (b) Directors. Members of the Board eligible for
the grant of Director Awards under this Plan are those who are Directors. 
 4. Common Stock Available for Awards.
Subject to the provisions of Section 14 hereof, there shall be available for Awards under this Plan granted or payable wholly or partly in Common Stock (including rights that may be exercised for or settled in Common Stock) an aggregate of
6,327,000 shares. 
 The number of shares of Common Stock that are the subject of Awards under this Plan that are forfeited or terminated,
expire unexercised, are settled in cash in lieu of Common Stock or otherwise in a manner such that all or some of the shares covered by an Award are not issued to a Participant or are exchanged for Awards that do not involve Common Stock, shall not
be counted against the aggregate plan maximum or any sublimit set forth above and shall again immediately become available for Awards hereunder. If the tax withholding obligation resulting from the settlement of any Award is satisfied by withholding
shares of Common Stock, only the number of shares of Common Stock issued net of the shares of Common Stock withheld shall be deemed delivered for purposes of determining usage of shares against the maximum number of shares of Common Stock available
for delivery under the Plan or any sublimit set forth above. Shares of Common Stock delivered under the Plan as an Award or in settlement of an Award issued or made (a) upon the assumption, substitution, conversion or replacement of outstanding
awards under a plan or arrangement of an entity acquired in a merger or other acquisition or (b) as a post-transaction grant under such a plan or arrangement of an acquired entity shall not reduce or be counted against the maximum number of
shares of Common Stock available for delivery under the Plan, to the extent that the exemption for transactions in connection with mergers acquisitions from the shareholder approval requirements of the New York Stock Exchange for equity compensation
plans applies. The Administrator may from time to time adopt and observe such rules and procedures concerning the counting of shares against the Plan maximum or any sublimit as it may deem appropriate, including rules more restrictive than those set
forth above to the extent necessary to satisfy the requirements of any national stock exchange on which the Common Stock is listed or any applicable regulatory requirement. The Board and the appropriate officers of the Company are authorized to take
from time to time whatever actions are necessary, and to file any required documents with governmental authorities, stock exchanges and transaction reporting systems to ensure that shares of Common Stock are available for issuance pursuant to
Awards. 

  
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 5. Administration. 

(a) This Plan shall be administered by the Administrator, except as otherwise provided herein. 

(b) Subject to the provisions hereof, the Administrator shall have full and exclusive power and authority to administer
this Plan and to take all actions that are specifically contemplated hereby or are necessary or appropriate in connection with the administration hereof. The Administrator shall also have full and exclusive power to interpret this Plan and to adopt
such rules, regulations and guidelines for carrying out this Plan as it may deem necessary or proper. The Administrator may, in its discretion, provide for the extension of the exercisability of an Award, accelerate the vesting or exercisability of
an Award, eliminate or make less restrictive any restrictions applicable to an Award, waive any restriction or other provision of this Plan (insofar as such provision relates to Awards) or an Award or otherwise amend or modify an Award in any manner
that is either (i) not adverse to the Participant to whom such Award was granted or (ii) consented to by such Participant. Notwithstanding anything herein to the contrary, without the prior approval of the Company’s stockholders,
Awards issued under the Plan will not be repriced, replaced or regranted through cancellation or by decreasing the exercise price of a previously granted Award. The Administrator may make an Award to an individual who it expects to become an
Employee of the Company or any of its Subsidiaries within the next six months, with such award being subject to the individual’s actually becoming an Employee within such time period, and subject to such other terms and conditions as may be
established by the Administrator. The Administrator may correct any defect or supply any omission or reconcile any inconsistency in this Plan or in any Award in the manner and to the extent the Administrator deems necessary or desirable to further
the Plan purposes. Any decision of the Administrator, with respect to Awards, in the interpretation and administration of this Plan shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties
concerned. 
 (c) No member of the Administrator or Authorized Officer of the Company to whom the Administrator
has delegated authority in accordance with the provisions of Section 6 of this Plan shall be liable for anything done or omitted to be done by him or her, by any member of the Administrator or by any officer of the Company in connection with
the performance of any duties under this Plan, except for his or her own willful misconduct or as expressly provided by statute. 
 6. Delegation of Authority. Following the authorization of a pool of cash or shares of Common Stock to be available for Awards, the Administrator may authorize an Authorized Officer of the Company,
if and to the extent permitted by applicable law, rule or regulation, or a subcommittee of members of the Administrator to grant individual Employee Awards from such pool pursuant to such conditions or limitations as the Administrator may establish.
The Administrator may also delegate to an Authorized Officer its administrative duties under this Plan (excluding its granting authority) pursuant to such conditions or limitations as the Administrator may establish. The Administrator may engage or
authorize the engagement of a third party administrator to carry out administrative functions under the Plan. 

  
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 7. Awards. 

(a) The Administrator shall determine the type or types of Awards to be made under this Plan and shall designate from time
to time the Participants who are to be the recipients of such Awards. Each Award may, in the discretion of the Administrator, be embodied in an Award Agreement, which shall contain such terms, conditions and limitations as shall be determined by the
Administrator in its sole discretion and, if required by the Administrator, shall be signed or affirmatively accepted by the Participant to whom the Award is granted and by an Authorized Officer for and on behalf of the Company. Awards may consist
of those listed in this Section 7(a) and may be granted singly, in combination or in tandem. Awards may also be granted in combination or in tandem with, in replacement of (subject to Sections 12 and 9(d)), or as alternatives to, grants or
rights under this Plan or any other plan of the Company or any of its Subsidiaries, including the plan of any acquired entity. An Award may provide for the grant or issuance of additional, replacement or alternative Awards upon the occurrence of
specified events. All or part of an Award may be subject to conditions established by the Administrator, which may include, but are not limited to, continuous service with the Company and its Subsidiaries, execution and compliance with contracts
required by the Company for the position(s) held by the Participant, achievement of specific business objectives, items referenced to in clause (v) below, and other comparable measurements of performance. Upon an Employee’s termination of
employment, any unexercised, deferred, unvested or unpaid Employee Awards shall be treated as set forth in the applicable Employee Award Agreement or as otherwise specified by the Administrator. 

(i) Option. An Employee Award may be in the form of an Incentive Option or a Nonqualified Option. A Director Award
may be in the form of a Nonqualified Option. The term of the Option shall extend no more than 10 years after the Grant Date. The price at which any share of Common Stock may be purchased on the exercise of any Option will not be less than the Fair
Market Value of a share of the Common Stock on the date of grant of that Option. Subject to the foregoing provisions, the terms, conditions and limitations applicable to any Options awarded pursuant to this Plan, including the Grant Price, minimum
vesting, the number of shares subject to the Option and the date or dates upon which they become exercisable, shall be determined by the Administrator. 
 (ii) Stock Appreciation Rights. An Award may be in the form of an SAR. SARs may be granted in tandem with an Option or other Award, either at the time of grant or by later amendment thereto, or on
a freestanding basis not related to any other Award. The Grant Price of an SAR shall be determined by the Administrator but shall not be less than the Fair Market Value of the Common Stock subject to such SAR on the Grant Date or the Grant Price of
a tandem Option to which such SAR relates. The holder of a tandem SAR may elect to exercise either the Option or the SAR, but not both. The exercise period for an SAR shall extend no more than 10 years after the Grant Date. Subject to the foregoing
provisions, the terms, conditions and limitations applicable to any SARs awarded to Participants pursuant to this Plan, including the Grant Price, the term of any SARs and the date or dates upon which they become exercisable, shall be determined by
the Administrator. 

  
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 (iii) Stock Award. An Employee Award or Director Award may be in the
form of a Stock Award. The terms, conditions and limitations applicable to any Stock Awards granted to Participants pursuant to this Plan shall be determined by the Administrator, subject to the limitations specified below. 

(iv) Cash Award. An Employee Award may be in the form of a Cash Award. The terms, conditions and limitations
applicable to any Cash Awards granted pursuant to this Plan shall be determined by the Administrator. 
 (v)
Performance Award. Without limiting the type or number of Employee Awards or Director Awards that may be made under the other provisions of this Plan, an Employee Award or Director Award may be in the form of a Performance Award. The terms,
conditions and limitations applicable to any Performance Awards granted to Participants pursuant to this Plan shall be determined by the Administrator, subject to the limitations specified below. The Administrator shall set Performance Goals in its
discretion which, depending on the extent to which they are met, will determine the value and/or amount of Performance Awards that will be paid out to the Participant and/or the portion of an Award that may be exercised. 

(A) Nonqualified Performance Awards. Performance Awards granted to Employees or Directors that are not intended to
qualify as qualified performance-based compensation under Section 162(m) of the Code shall be based on achievement of such Performance Goals and be subject to such terms, conditions and restrictions as the Administrator or its delegate shall
determine. 
 (B) Qualified Performance Awards. Performance Awards granted to Employees under the Plan
that are intended to qualify as qualified performance-based compensation under Section 162(m) of the Code shall be paid, vested or otherwise deliverable solely on account of the attainment of one or more pre-established, objective Performance
Goals established by the Administrator prior to the earlier to occur of (x) 90 days after the commencement of the period of service to which the Performance Goal relates and (y) the lapse of 25% of the period of service (as scheduled in
good faith at the time the goal is established), and in any event while the outcome is substantially uncertain. A Performance Goal is objective if a third party having knowledge of the relevant facts could determine whether the goal is met. Such a
Performance Goal may be based on one or more business criteria that apply to the Employee, one or more business units, divisions or sectors of the Company, or the Company as a whole, and if so desired by the Administrator, by comparison with a peer
group of companies. A Performance Goal may include one or more of the following: increased revenue; net income measures (including but 

  
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not limited to income after capital costs and income before or after taxes); stock price measures (including but not limited to growth measures and total stockholder return); price per share of
Common Stock; market share; net earnings; earnings per share (actual or targeted growth); earnings before interest, taxes, depreciation, and amortization (“EBITDA”); earnings before interest, taxes and amortization (“EBITA”);
earnings before interest and taxes (“EBIT”); net operating profit after tax (“NOPAT”); economic value added (or an equivalent metric); market value added; debt to equity ratio; cash flow measures (including but not limited to
cash flow per share, cash flow return on capital, cash flow return on tangible capital, net cash flow, net cash flow before financing activities and improvement in or attainment of working capital levels); financial measures (including but not
limited to spreads, margin, meeting budget and unit revenue); cost measures or controls (including but not limited to conversion costs, controllable costs, procurement costs, freight costs and material savings); quality measures (including but not
limited to product quality, scrap rate, prime production and complaints and returns); return measures (including but not limited to return on equity, return on average assets, return on capital, risk-adjusted return on capital, return on
investors’ capital and return on average equity); operating measures (including operating income, funds from operations, cash from operations, after-tax operating income, sales volumes, operating efficiency, production volumes and production
efficiency); expense measures (including but not limited to overhead cost, product cost, general and administrative expense and improvement in or attainment of expense levels); marketing and logistics measures (including but not limited to days of
inventory, days sales outstanding, on time delivery or shipment and distribution rates); margins; stockholder value; proceeds from dispositions; total market value; reliability; productivity measures (including but not limited to on stream factor,
operating rates, energy efficiency, yields and pounds per employee); corporate values measures (including ethics compliance, environmental, and safety) and debt reduction. 

Unless otherwise stated, such a Performance Goal need not be based upon an increase or positive result under a particular
business criterion and could include, for example, maintaining the status quo or limiting economic losses (measured, in each case, by reference to specific business criteria). In interpreting Plan provisions applicable to Performance Goals and
Qualified Performance Awards, it is the intent of the Plan to conform with the standards of Section 162(m) of the Code and Treasury Regulation Section 1.162-27(e)(2)(i), as to grants to those Employees whose compensation is, or is likely
to be, subject to Section 162(m) of the Code, and the Administrator in establishing such goals and interpreting the Plan shall be guided by such provisions. Prior to the payment of any compensation based on the achievement of Performance Goals
applicable to Qualified Performance Awards, the Administrator 

  
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must certify in writing that applicable Performance Goals and any of the material terms thereof were, in fact, satisfied. Subject to the foregoing provisions, the terms, conditions and
limitations applicable to any Qualified Performance Awards made pursuant to this Plan shall be determined by the Administrator. 
 (b) Notwithstanding anything to the contrary contained in this Plan, the following limitations shall apply to any Employee Awards made hereunder: 

(i) no Participant may be granted, during any calendar year, Employee Awards consisting of Options or SARs that are
exercisable for more than 1,500,000 shares of Common Stock (the limitation set forth in this clause (b)(i), together with the limitations set forth in clauses (b)(ii) below, being hereinafter collectively referred to as the “Stock Based Awards
Limitations”); 
 (ii) no Participant may be issued, during any calendar year, more than 1,500,000 shares of
Common Stock in connection with Stock Awards; or 
 (iii) no Participant may be granted Employee Awards
consisting of Cash Awards that are intended to constitute performance-based awards subject to Section 7(a)(v)(B) having a maximum payment value in any calendar year in excess of $7,500,000. 

8. Non-United States Participants. The Administrator may grant awards to persons outside the United States under such terms and
conditions as may, in the judgment of the Administrator, be necessary or advisable to comply with the laws of the applicable foreign jurisdictions and, to that end, may establish sub-plans, modified option exercise procedures and other terms and
procedures. Notwithstanding the above, the Administrator may not take any actions hereunder, and no Awards shall be granted, that would violate the Code, any securities law, any governing statute, or any other applicable law. 

9. Payment of Awards. 
 (a) General. Payment made to a Participant pursuant to an Award may be made in the form of cash or Common Stock, or a combination thereof, and may include such restrictions as the Administrator
shall determine, including, in the case of Common Stock, restrictions on transfer and forfeiture provisions. If such payment is made in the form of Restricted Stock, the Administrator shall specify whether the underlying shares are to be issued at
the beginning or end of the Restriction Period. In the event that shares of Restricted Stock are to be issued at the beginning of the Restriction Period, the certificates evidencing such shares (to the extent that such shares are so evidenced) shall
contain appropriate legends and restrictions that describe the terms and conditions of the restrictions applicable thereto. In the event that shares of Restricted Stock are to be issued at the end of the Restricted Period, the right to receive such
shares shall be evidenced by book entry account or in such other manner as the Administrator may determine. 

  
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 (b) Deferral. With the approval of the Administrator, amounts payable
in respect of Awards may be deferred and paid either in the form of installments or as a lump-sum payment. The Administrator may permit selected Participants to elect to defer payments of some or all types of Awards or any other compensation
otherwise payable by the Company in accordance with procedures established by the Administrator and may provide that such deferred compensation may be payable in shares of Common Stock. Any deferred payment pursuant to an Award, whether elected by
the Participant or specified by the Award Agreement or the terms of the Award or by the Administrator, may be forfeited if and to the extent that the Award Agreement or the terms of the Award so provide. 

(c) Dividends, Earnings and Interest. Rights to dividends or Dividend Equivalents may be extended to and made part
of any Award, subject to such terms, conditions and restrictions as the Administrator may establish. The Administrator may also establish rules and procedures for the crediting of interest or other earnings on deferred cash payments and Dividend
Equivalents for Awards. 
 (d) Substitution of Awards. Subject to Sections 12 and 14, at the discretion of
the Administrator, an Employee may be offered an election to substitute an Employee Award for another Employee Award or Employee Awards of the same or different type; provided, however, that no Option may be granted in exchange or in replacement of
an Option having a higher exercise price. 
 10. Payment of Grant Price. The Grant Price shall be paid in full at the
time of exercise in cash or, if permitted by the Administrator and elected by the Participant, the Participant may purchase such shares by means of tendering Common Stock or surrendering another Award valued at Fair Market Value on the date of
exercise, or any combination thereof. The Administrator shall determine acceptable methods and requirements for Participants to tender Common Stock or other Awards. The Administrator may provide for procedures to permit the exercise or purchase of
such Awards by use of the proceeds to be received from the sale of Common Stock issuable pursuant to an Award. The Administrator may adopt additional rules and procedures regarding the payment of the Grant Price of Awards from time to time, provided
that such rules and procedures are not inconsistent with the provisions of this Section 10. 
 A Participant desiring to
pay the Grant Price of an Option by tendering Common Stock using the method of attestation may, subject to any such conditions and in compliance with any such procedures as the Administrator may adopt, do so by attesting to the ownership of Common
Stock of the requisite value in which case the Company shall issue or otherwise deliver to the Participant upon such exercise a number of shares of Common Stock subject to the Option equal to the result obtained by dividing (a) the excess of
the aggregate Fair Market Value of the shares of Common Stock subject to the Option for which the Option (or portion thereof) is being exercised over the Grant Price payable in respect of such exercise by (b) the Fair Market Value per share of
Common Stock subject to the Option, and the Participant may retain the shares of Common Stock the ownership of which is attested. 

  
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 11. Taxes. The Company or its designated third party administrator shall have the
right to deduct applicable taxes from any Award payment and withhold, at the time of delivery or vesting of cash or shares of Common Stock under this Plan, an appropriate amount of cash or number of shares of Common Stock or a combination thereof
for payment of taxes or other amounts required by law or to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for withholding of such taxes. The Administrator may also permit withholding to be
satisfied by a cash payment to the Company or the transfer to the Company of shares of Common Stock theretofore owned by the holder of the Award with respect to which withholding is required. If shares of Common Stock are used to satisfy tax
withholding, such shares shall be valued based on the Fair Market Value when the tax withholding is required to be made. 
 12.
Amendment, Modification, Suspension or Termination of the Plan. The Board may amend, modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law,
except that (i) no amendment or alteration that would adversely affect the rights of any Participant under any Award previously granted to such Participant shall be made without the consent of such Participant and (ii) no amendment or
alteration shall be effective prior to its approval by the stockholders of the Company to the extent such approval is required by applicable legal requirements or the applicable requirements of the securities exchange on which the Company’s
Common Stock is listed. 
 13. Assignability. Unless otherwise determined by the Administrator and provided in the Award
Agreement or the terms of the Award, no Award or any other benefit under this Plan shall be assignable or otherwise transferable except by will, by beneficiary designation or the laws of descent and distribution or pursuant to a qualified domestic
relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder. In the event that a beneficiary designation conflicts with an assignment by will, the beneficiary designation will prevail.
The Administrator may prescribe and include in applicable Award Agreements or the terms of the Award other restrictions on transfer. Any attempted assignment of an Award or any other benefit under this Plan in violation of this Section 13 shall
be null and void. 
 14. Adjustments. 

(a) The existence of outstanding Awards shall not affect in any manner the right or power of the Company or its
stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the capital stock of the Company or its business or any merger or consolidation of the Company, or any issue of bonds, debentures,
preferred or prior preference stock (whether or not such issue is prior to, on a parity with or junior to the existing Common Stock) or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding of any kind, whether or not of a character similar to that of the acts or proceedings enumerated above. 

  
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 (b) In the event of any subdivision or consolidation of outstanding shares
of Common Stock, declaration of a dividend payable in shares of Common Stock or other stock split, then (i) the number of shares of Common Stock reserved under this Plan and available for issuance pursuant to specific types of Awards as
described in Section 4, (ii) the number of shares of Common Stock covered by outstanding Awards, (iii) the appropriate Fair Market Value and other price determinations for such Awards, and (iv) the Stock Based Awards Limitations
shall each be proportionately adjusted by the Administrator as appropriate to reflect such transaction. In the event of any other recapitalization or capital reorganization of the Company, any consolidation or merger of the Company with another
Company or entity, the adoption by the Company of any plan of exchange affecting Common Stock or any distribution to holders of Common Stock of securities or property (other than normal cash dividends or dividends payable in Common Stock), the
Administrator shall make appropriate adjustments to (x) the number of shares of Common Stock reserved under this Plan and (y)(i) the number of shares of Common Stock covered by Awards, (ii) the Grant Price or other price in respect of such
Awards, (iii) the appropriate Fair Market Value and other price determinations for such Awards, and (iv) the Stock Based Awards Limitations to reflect such transaction; provided that such adjustments shall only be such as are necessary to
maintain the proportionate interest of the holders of the Awards and preserve, without increasing, the value of such Awards. In the event of a corporate merger, consolidation, acquisition of assets or stock, separation, reorganization, or
liquidation, the Board shall be authorized (x) to assume under the Plan previously granted compensatory awards, or to substitute new Awards for previously granted compensatory awards, including Awards, as part of such adjustment; (y) to
cancel Awards that are Options or SARs and give the Participants who are the holders of such Awards notice and opportunity to exercise for 30 days prior to such cancellation; or (z) to cancel any such Awards and to deliver to the Participants
cash in an amount that the Board shall determine in its sole discretion is equal to the fair market value of such Awards on the date of such event, which in the case of Options or SARs shall be the excess of the Fair Market Value of Common Stock on
such date over the exercise or strike price of such Award. 
 15. Restrictions. No Common Stock or other form of payment
shall be issued with respect to any Award unless the Company shall be satisfied based on the advice of its counsel that such issuance will be in compliance with applicable federal and state securities laws. Certificates evidencing shares of Common
Stock delivered under this Plan (to the extent that such shares are so evidenced) may be subject to such stop transfer orders and other restrictions as the Administrator may deem advisable under the rules, regulations and other requirements of the
Securities and Exchange Commission, any securities exchange or transaction reporting system upon which the Common Stock is then listed or to which it is admitted for quotation and any applicable federal or state securities law. The Administrator may
cause a legend or legends to be placed upon such certificates (if any) to make appropriate reference to such restrictions. 

16. Unfunded Plan. This Plan shall be unfunded. Although bookkeeping accounts may be established with respect to Participants
under this Plan, any such accounts shall be used merely as a bookkeeping convenience, including bookkeeping accounts established by a third party administrator retained by the Company to administer the Plan. The Company shall not be required to
segregate any assets for purposes of this Plan or Awards hereunder, nor shall the Company, the Board or the Administrator be deemed to be a trustee of any benefit to be granted under this Plan. Any liability or obligation of the Company to any
Participant with respect to an 

  
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Award under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement or the terms of the Award, and no such liability or
obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. Neither the Company nor the Board nor the Administrator shall be required to give any security or bond for the performance of
any obligation that may be created by this Plan. 
 17. Right to Employment. Nothing in the Plan or an Award Agreement
shall interfere with or limit in any way the right of the Company to terminate any Participant’s employment or other service relationship at any time, nor confer upon any Participant any right to continue in the capacity in which he or she is
employed or otherwise serves the Company. 
 18. Successors. All obligations of the Company under the Plan with respect
to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company. 
 19. Governing Law. This Plan and all determinations made and actions taken pursuant
hereto, to the extent not otherwise governed by mandatory provisions of the Code or the securities laws of the United States, shall be governed by and construed in accordance with the laws of the State of Texas. 

20. Section 409A of the Code. It is intended that any Awards under the Plan that are subject to Section 409A of the Code
satisfy the requirements of Section 409A of the Code and related regulations and Internal Revenue Service and Department of Treasury pronouncements to avoid imposition of applicable taxes thereunder. Thus, notwithstanding anything in this Plan
to the contrary, if any Plan provision or Award under the Plan would result in the imposition of an applicable tax under Section 409A of the Code and related regulations and Internal Revenue Service and Department of Treasury pronouncements,
that Plan provision or Award will be reformed to the extent permissible under Section 409A of the Code with the intent to avoid imposition of the applicable tax and no action taken to comply with Section 409A of the Code shall be deemed to
adversely affect the Participant’s rights to an Award. 
 21. Effectiveness; Term. The Plan as amended and restated
herein was adopted by the Board on February 22, 2013, subject to approval by the Company’s stockholders at the 2013 annual meeting of the stockholders of the Company. If the stockholders of the Company should fail to so approve the Plan as
amended and restated herein at that time, this amendment and restatement of the Plan shall not be effective and the Company’s 2004 Omnibus Incentive Plan as in effect prior to this amendment and restatement shall remain in effect. No Awards
shall be made after the tenth anniversary of the date of stockholder approval of the Plan as amended and restated herein. 

  
 -13-EX-10.1

 Exhibit 10.1 
 Execution Copy 
  

 
  

SALE SUPPLEMENT 
 dated as of May 21, 2013 
 between 

OCWEN LOAN SERVICING, LLC, as Seller, 
 HLSS HOLDINGS, LLC, as Purchaser 
 and 

HOME LOAN SERVICING SOLUTIONS, LTD., as Purchaser 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 DEFINITIONS; REFERENCE TO MASTER SERVICING RIGHTS PURCHASE AGREEMENT
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
	 1.2 Reference to the Master Servicing Rights Purchase Agreement
	  	 	7	  
		
	 ARTICLE 2 PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS; ASSUMED LIABILITIES
	  	 	7	  
		
	 2.1 Assignment and Conveyance of Rights to MSRs
	  	 	7	  
	 2.2 Automatic Assignment and Conveyance of Servicing Rights
	  	 	8	  
	 2.3 MSR Purchase Price
	  	 	8	  
	 2.4 Assumed Liabilities and Excluded Liabilities
	  	 	9	  
	 2.5 Remittance of Excess Servicing Fees, Servicing Advance Receivables Fees and Related Amounts
	  	 	10	  
	 2.6 Payment of Estimated Purchase Price
	  	 	10	  
		
	 ARTICLE 3 PURCHASE AND SALE OF SERVICING ADVANCE RECEIVABLES
	  	 	10	  
		
	 3.1 Assignment and Conveyance of Servicing Advance Receivables
	  	 	10	  
	 3.2 Servicing Advance Receivables Purchase Price
	  	 	11	  
	 3.3 Servicing Advances
	  	 	11	  
	 3.4 Reimbursement of Servicing Advances
	  	 	12	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SELLER
	  	 	12	  
		
	 4.1 General Representations
	  	 	12	  
	 4.2 Title to Transferred Assets
	  	 	12	  
	 4.3 Right to receive Servicing Fees
	  	 	12	  
	 4.4 Servicing Agreements and Underlying Documents
	  	 	12	  
	 4.5 Mortgage Pool Information, Related Matters
	  	 	12	  
	 4.6 Enforceability of Servicing Agreements
	  	 	13	  
	 4.7 Compliance With Servicing Agreements
	  	 	13	  
	 4.8 No Recourse
	  	 	14	  
	 4.9 The Mortgage Loans
	  	 	14	  
	 4.10 Servicing Advance Receivables
	  	 	16	  
	 4.11 Servicing Agreement Consents and Other Third Party Approvals
	  	 	16	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 4.12 Servicing Advance Financing Agreements
	  	 	17	  
	 4.13 Anti-Money Laundering Laws
	  	 	17	  
	 4.14 Servicer Ratings
	  	 	17	  
	 4.15 Eligible Servicer
	  	 	17	  
	 4.16 HAMP
	  	 	17	  
		
	 ARTICLE 5 CONDITIONS PRECEDENT
	  	 	17	  
		
	 5.1 Conditions to the Purchase of the Rights to MSRs and the Advance SPEs
	  	 	17	  
		
	 ARTICLE 6 SERVICING MATTERS
	  	 	18	  
		
	 6.1 Seller as Servicer
	  	 	18	  
	 6.2 Servicing
	  	 	18	  
	 6.3 Collections from Obligors and Remittances
	  	 	18	  
	 6.4 Servicing Practices
	  	 	19	  
	 6.5 Servicing Reports
	  	 	19	  
	 6.6 Escrow Accounts
	  	 	19	  
	 6.7 Notices and Financial Information
	  	 	19	  
	 6.8 Defaults under Deferred Servicing Agreements
	  	 	19	  
	 6.9 Continuity of Business
	  	 	20	  
	 6.10 Optional Termination or Clean Up Calls
	  	 	20	  
	 6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights
	  	 	20	  
	 6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights
	  	 	20	  
	 6.13 Termination Event
	  	 	21	  
	 6.14 Servicing Transfer
	  	 	21	  
	 6.15 Incorporation of Provisions from Subservicing Agreement
	  	 	21	  
		
	 ARTICLE 7 SELLER SERVICING FEES; COSTS AND EXPENSES
	  	 	21	  
		
	 7.1 Seller Monthly Servicing Fee
	  	 	21	  
	 7.2 Performance Fee
	  	 	21	  
	 7.3 Costs and Expenses
	  	 	22	  
	 7.4 Ancillary Income
	  	 	22	  
	 7.5 Calculation and Payment
	  	 	22	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 7.6 No Offset
	  	 	23	  
	 7.7 Servicing Fee Reset Date
	  	 	23	  
		
	 ARTICLE 8 INDEMNIFICATION
	  	 	23	  
		
	 8.1 Seller Indemnification of Purchasers
	  	 	23	  
	 8.2 Purchasers Indemnification of Seller
	  	 	23	  
	 8.3 Indemnification Procedures
	  	 	24	  
	 8.4 Tax Treatment
	  	 	25	  
	 8.5 Survival
	  	 	25	  
	 8.6 Additional Indemnification
	  	 	25	  
	 8.7 Specific Performance
	  	 	25	  
		
	 ARTICLE 9 GRANT OF SECURITY INTEREST
	  	 	26	  
		
	 9.1 Granting Clause
	  	 	26	  
		
	 ARTICLE 10 MISCELLANEOUS PROVISIONS
	  	 	27	  
		
	 10.1 Further Assurances
	  	 	27	  
	 10.2 Compliance with Applicable Laws; Licenses
	  	 	27	  
	 10.3 Merger, Consolidation, Etc.
	  	 	27	  
	 10.4 Annual Officer’s Certificate
	  	 	27	  
	 10.5 Accounting Treatment
	  	 	28	  
	 10.6 Incorporation
	  	 	28	  

  

			
	Exhibit A	  	Form of Monthly Remittance Report
		
	Schedule I	  	Servicing Agreements
	Schedule II	  	Underlying Documents
	Schedule III	  	Retained Servicing Fee Percentage
	Schedule IV	  	Target Ratio
	Schedule V	  	Valuation Percentage
	Schedule VI	  	Amortization Percentage

  
 -iii-

 SALE SUPPLEMENT 

This Sale Supplement, dated as of May 21, 2013 (this “Sale Supplement”), is between Ocwen Loan Servicing, LLC, a
Delaware limited liability company (“Seller”), HLSS Holdings, LLC, a Delaware limited liability company (“Holdings”) and Home Loan Servicing Solutions, Ltd. (“HLSS” and, together with Holdings, the
“Purchasers”): 
 WITNESSETH: 

WHEREAS, Seller and Purchasers are parties to that certain Master Servicing Rights Purchase Agreement, dated as of February 10, 2012
(as amended, supplemented and modified from time to time), and that certain Master Servicing Rights Purchase Agreement, dated as of October 1, 2012 (as amended, supplemented and modified from time to time, the “Agreement”), in
each case with respect to the sale by Seller and the purchase by Purchasers of the Servicing Rights and other assets; and 

WHEREAS, Seller and Purchasers desire to enter into the transactions described in the Agreement as supplemented by this Sale Supplement;

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in
consideration of the mutual covenants herein contained, the parties hereto hereby agree as follows: 
 ARTICLE 1

 DEFINITIONS; REFERENCE TO MASTER SERVICING RIGHTS PURCHASE AGREEMENT 

1.1 Definitions. (a) For purposes of this Sale Supplement, the following capitalized terms shall have the respective meanings
set forth or referenced below: 
 “Additional Servicing Advance Receivable”: As defined in Section 3.1.

 “Advance SPEs”: Each of HLSS Servicer Advance Facility Transferor, LLC, a Delaware limited liability company, and
HLSS Servicer Advance Receivables Trust, a Delaware statutory trust. 
 “Amortization Percentage”: For each calendar
month following the Closing Date, the percentage set forth on Schedule VI to this Sale Supplement for such calendar month. 
 “Assumed Liabilities”: As defined in Section 2.4. 

“Book Value” means, with respect to the Rights to MSRs related to any Deferred Servicing Agreement, as of a specified date, an
amount equal to the amortized book value of such Rights to MSRs on HLSS’s financial statements as of such date. 

  
 -1-

 “Closing Date”: May 21, 2013; provided that, with respect to
Section 5.3 of the Agreement, the Closing Date shall be the related Servicing Transfer Date. 
 “Closing
Statement”: The statement delivered by Seller to Purchasers on the Closing Statement Delivery Date setting forth the good faith calculation of the Estimated Purchase Price. 

“Closing Statement Delivery Date”: The Closing Date, unless otherwise agreed by Seller and Purchasers. 

“Consent Period”: For each Deferred Servicing Agreement and each related Deferred Servicing Right, the period, if any, from and
including the Closing Date to and including the related Servicing Transfer Date. 
 “Cut-off Date”: May 20, 2013,
or such other date as is agreed by Seller and Purchasers. 
 “Deferred Mortgage Loan”: A mortgage loan subject to a
Deferred Servicing Agreement. 
 “Deferred Servicing Agreement”: As of any date of determination, each Servicing
Agreement that is not a Transferred Servicing Agreement on such date. For avoidance of doubt, on the Closing Date each Servicing Agreement is a Deferred Servicing Agreement. 
 “Deferred Servicing Right”: As of any date of determination, each Servicing Right arising under a Servicing Agreement that is a Deferred Servicing Agreement on such date. 

“Excess Servicing Advances”: For any calendar month, the amount, if any, by which the outstanding Servicer Advances with respect
to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such calendar month multiplied by (b) the unpaid principal balance of the Mortgage Loans subject to the Servicing
Agreements as of the last day of such calendar month. 
 “Excess Servicing Fees”: For any calendar month, an amount
equal to the product of (i) 11.0 annualized basis points and (ii) the aggregate unpaid principal balance of the Mortgage Loans underlying the Rights to MSRs as of the close of business on the last Business Day of the prior calendar month.

 “Excluded Liabilities”: As defined in Section 2.4(c). 

“Fannie Mae”: As defined in the Subservicing Agreement. 
 “Indemnified Person”: A Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be. 
 “Indemnifying Person”: The Seller pursuant to Section 8.1 or the Purchasers pursuant to Section 8.2, as the case may be. 

“Initial Servicing Advance Receivable”: As defined in Section 3.1. 

  
 -2-

 “Investor”: With respect to any Securitization Transaction, any holder or other
beneficial owner of any securities issued by the related Trust. 
 “Liability”: As defined in Section 8.1.

 “Monthly Remittance Report”: With respect to each Deferred Servicing Agreement, a report substantially in the form
attached as Exhibit A to this Sale Supplement or in such other form as may be agreed to by Seller and Purchasers from time to time. 
 “Monthly Servicing Fee”: For each calendar month, the Base Subservicing Fee (as defined in the Subservicing Supplement) for such calendar month together with the Seller Monthly Servicing Fee for
such calendar month. 
 “Monthly Servicing Oversight Report”: A report with respect to all of the Deferred Servicing
Agreements and related Mortgage Loans in such form as may be agreed to by Seller and Purchasers from time to time. 
 “MSR
Purchase Price”: For each Servicing Agreement, an amount equal to the product of (i) the Valuation Percentage for such Servicing Agreement and (ii) the aggregate unpaid principal balance of the Mortgage Loans subject to such Servicing
Agreement as of the Closing Date. 
 “P&I Advance”: As defined in the Subservicing Agreement. 

“Performance Fee”: As defined in Section 7.2. 

“Purchaser Indemnified Party”: As defined in Section 8.2. 

“Purchase Price”: The sum of (a) the aggregate MSR Purchase Price for all of the Servicing Agreements and (b) the
aggregate Servicing Advance Receivables Purchase Price for any Initial Servicing Advance Receivables. 
 “Retained Servicing
Fee”: For any calendar month, an amount equal to the sum of (a) the product of the Retained Servicing Fee Percentage for such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing
Agreements and the Transferred Servicing Agreements during such calendar month and (b) the Retained Servicing Fee Shortfall, if any, for the immediately prior calendar month. 

“Retained Servicing Fee Percentage”: For any calendar month, the percentage set forth on Schedule III to this Sale
Supplement. 
 “Retained Servicing Fee Shortfall”: For any calendar month, beginning in May 2013, an amount equal to
the excess, if any, of (a) the Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Advance Receivables Fees actually received by Holdings with respect to the Deferred Servicing
Agreements and pursuant to the Transferred Servicing Agreements during such calendar month (whether directly pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) over (y) the Monthly Servicing Fee for such
calendar month. 

  
 -3-

 “Rights to MSRs”: For each Servicing Agreement, each of the following assets:

 (a) all Servicing Fees payable to Seller as of or after the Closing Date under such Servicing Agreement and the right to
receive all Servicing Fees accruing and payable as of or after the Closing Date under such Servicing Agreement; 
 (b) the right
to purchase the Servicing Rights pursuant to Section 2.2 of this Sale Supplement; and 
 (c) any proceeds of any of
the foregoing. 
 “Sale Date”: For each Servicing Advance Receivable, the date on which such Servicing Advance
Receivable is transferred to Holdings pursuant to Section 3.1. 
 “Seller Indemnified Party”: As defined in
Section 8.1. 
 “Seller Monthly Servicing Fee”: As defined in Section 7.1. 

“Servicing Advance Financing Agreements”: Each of that certain Second Amended and Restated Indenture, dated as of
September 13, 2012, among HLSS Servicer Advance Receivables Trust, as issuer, Deutsche Bank National Trust Company, as indenture trustee, calculation agent, paying agent and securities intermediary, Holdings, as administrator and servicer,
Seller, as servicer and as a subservicer, and Barclays Bank plc and Wells Fargo Securities, LLC, as administrative agents, and each other “Transaction Document” as such term is defined therein, in each case as the same may be amended from
time to time. 
 “Servicing Advance Payment Date”: (a) For any Initial Servicing Advance Receivable, the Closing
Date and (b) for any Additional Servicing Advance Receivable, the Funding Date (as defined in the Servicing Advance Financing Agreement) for such Additional Servicing Advance Receivable. 

“Servicing Advance Receivable”: For each Servicer Advance, the right to receive reimbursement for such Servicer Advance under
the Servicing Agreement pursuant to which such Servicer Advance was made. 
 “Servicing Advance Receivables Fees”: For
any calendar month, an amount equal to the excess of the aggregate amount of Servicing Fees paid to Seller for such calendar month under each Servicing Agreement over the Excess Servicing Fees for such calendar month. 

“Servicing Advance Receivable Purchase Price”: With respect to each Servicing Advance Payment Date, for each Servicing Advance
Receivable, the outstanding amount that is reimbursable under the related Servicing Agreement with respect to such Servicing Advance Receivable as of such Servicing Advance Payment Date. 

  
 -4-

 “Servicing Agreement”: Each of the servicing agreements described on Schedule
I and each of the Underlying Documents described on Schedule II governing the rights, duties and obligations of Seller as servicer under such agreements. 
 “Servicing Fee Reset Date”: The date which is six (6) years after the Closing Date. 
 “Servicing Rights Assets”: As defined in Section 2.2. 

“Servicing Transfer Date”: With respect to each Servicing Agreement, the date on which all of the Third Party Consents related
to such Servicing Agreement necessary to transfer the related Servicing Rights to Purchasers are received or such later date mutually agreed to by Seller and Purchasers. 
 “Special Damages”: As defined in Section 8.3(d). 

“Subservicing Agreement”: That certain Master Subservicing Agreement, dated as of October 1, 2012, between the Seller, as
subservicer, and Holdings, as servicer, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Subservicing Supplement”: That certain Subservicing Supplement, dated as of May 21, 2013, between the Seller, as subservicer, and Holdings, as servicer, as the same may be amended, amended
and restated, supplemented or otherwise modified from time to time. 
 “Summary Schedule”: As defined in
Section 4.5(a). 
 “Target Ratio” for each calendar month shall mean the amount specified in Schedule
IV with respect to such month. 
 “Termination Event” means the occurrence of any one or more of the following
events (whatever the reason for the occurrence of such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body): 
 (a) Seller fails to remit any payment required to be made under the terms of this Sale
Supplement (to the extent not resulting solely from Holdings failing to purchase a Servicing Advance Receivable required to be purchased by Holdings under this Sale Supplement), which continues unremedied for a period of one (1) Business Day
after the date on which written notice of such failure shall have been given by Holdings to Seller; 
 (b) Seller fails to
deliver any required information or report that is complete in all material respects as required pursuant to this Sale Supplement in the manner and time frame set forth herein, which failure continues unremedied for a period of two (2) Business
Days after the date on which written notice of such failure shall have been given to Seller by Holdings; 

  
 -5-

 (c) Seller fails to observe or perform in any material respect any other covenant or
agreement of Seller set forth in the Agreement or this Sale Supplement, which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure shall have been given to Seller by Holdings;
provided however, in the event that any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set forth above; 

(d) a material breach by Seller of any representation and warranty made by it in the Agreement or this Sale Supplement, which breach
continues unremedied for a period of thirty (30) days after the date on which written notice of such failure shall have been given to Seller by Holdings; provided, however, in the event that any such default is incurable by its own terms, a
Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set forth above; 
 (e) Seller fails to maintain residential primary servicer ratings for subprime loans of at least “Average” by Standard & Poor’s Rating Services, a division of Standards &
Poor’s Financial Services LLC (or its successor in interest), “SQ3” by Moody’s Investors Service, Inc. (or its successor in interest) and “RPS4+” and “RSS4+” by Fitch Ratings (or its successor in interest);

 (f) Seller ceases to be a Fannie Mae, Freddie Mac or FHA approved servicer; 

(g) the occurrence of a Material Adverse Event; 
 (h) any of the conditions specified in the applicable “Servicer Default”, “Servicer Event of Default,” “Event of Default,” “Servicing Default” or “Servicer
Event of Termination” or similar sections of any Deferred Servicing Agreement or any related Underlying Document shall have occurred with respect to Seller for any reason not caused by Purchasers (other than as a result of any delinquency or
loss trigger which was already triggered as of the Closing Date with respect to such Deferred Servicing Agreement); provided that Seller shall be entitled to any applicable cure period set forth in such Deferred Servicing Agreement or Underlying
Document; 
 (i) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a
conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against Seller and
such decree or order shall have remained in force undischarged or unstayed for a period of thirty (30) days; 
 (j) Seller
shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to Seller or of or relating to all or
substantially all of its property; or 
 (k) Seller shall admit in writing its inability to pay its debts generally as they
become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations. 

“Third-Party Claim”: As defined in Section 8.3(b). 

  
 -6-

 “Transferred Assets”: The Rights to MSRs and the Transferred Servicing Rights.

 “Transferred Receivables Assets”: As defined in Section 3.1. 

“Transferred Servicing Agreement”: As of any date of determination, a Servicing Agreement with respect to which the related
Servicing Rights have been transferred to Purchasers pursuant to Section 2.2 of this Sale Supplement or to its designee in accordance with the terms of this Sale Supplement on or prior to such date. For the avoidance of doubt, on the
Closing Date no Servicing Agreement is a Transferred Servicing Agreement. 
 “Transferred Servicing Rights”: As of any
date of determination, any Servicing Rights that have been transferred to HLSS pursuant to Section 2.2 of this Sale Supplement on or prior to such date. 
 “UCC”: As defined in Section 3.1. 
 “Valuation
Percentage”: For each Servicing Agreement, the valuation percentage for such Servicing Agreement as set forth in Schedule V hereto. 
 (b) Any capitalized term used but not defined in this Sale Supplement shall have the meaning assigned to such term in the Agreement. 

1.2 Reference to the Master Servicing Rights Purchase Agreement. Each of Seller and Purchasers agrees that (a) this Sale
Supplement is a “Sale Supplement” executed pursuant to Section 2.1 of the Agreement, (b) the terms of this Sale Supplement are hereby incorporated into the Agreement with respect to the Servicing Agreements and the related
Mortgage Loans to the extent set forth therein and herein, and (c) the terms of this Sale Supplement apply to the Servicing Agreements specified herein and not to any other “Servicing Agreement” as that term is used in the Agreement.
In the event of any conflict between the provisions of this Sale Supplement and the Agreement, the terms of this Sale Supplement shall prevail. 
 ARTICLE 2 
 PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS;

 ASSUMED LIABILITIES 
 2.1 Assignment and Conveyance of Rights to MSRs. 
 (a) As of the Closing
Date, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller does hereby sell, convey, assign and transfer, in each case, without recourse except as provided herein, free and clear of any Liens, (i) to
HLSS all of its right, title and interest in and to all of the Excess Servicing Fees for each of the Servicing Agreements, and (ii) to Holdings, any and all other right, title and interest in and to all of the Rights to MSRs for each of the
Servicing Agreements. 

  
 -7-

 (b) On and after the Closing Date, Holdings shall be obligated to maintain a complete and
accurate list of Servicing Agreements that are Deferred Servicing Agreements and Transferred Servicing Agreements, as the same shall be amended and modified from time to time in connection with Deferred Servicing Agreements becoming Transferred
Servicing Agreements as contemplated by the terms and provisions of this Sale Supplement. The list of Deferred Servicing Agreements and Transferred Servicing Agreements maintained by Purchasers under this Section 2.1(b) shall be
(x) available for inspection by Seller at any time during normal business hours and (y) presumed to be accurate absent manifest error on the part of Purchaser. 
 2.2 Automatic Assignment and Conveyance of Servicing Rights. As of the Servicing Transfer Date with respect to each Servicing Agreement, Seller does hereby sell, convey, assign and transfer to
Holdings, without recourse except as provided herein, free and clear of any Liens, without further action by any Person, all of its right, title and interest in and to the following assets (the “Servicing Rights Assets”):

 (a) the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to such Servicing Agreement, in
each case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or involuntary of the foregoing, other than the Excess Servicing Fees previously conveyed to HLSS pursuant to Section 2.1;

 (b) all Ancillary Income and Prepayment Interest Excess received as of or after the related Servicing Transfer Date under such
Servicing Agreements and any rights to exercise any optional termination or clean-up call provisions under such Servicing Agreements; 
 (c) all Custodial Accounts and Escrow Accounts related to such Servicing Agreement and amounts on deposit therein; 
 (d) all files and records in Seller’s possession or control, including the related Database, relating to the Servicing Rights Assets specified in clauses (a), (b) and (c); 

(e) all causes of action, lawsuits, judgments, claims, refunds, choses in action, rights of recovery, rights of set-off, rights of
recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available to or being pursued by Seller to the extent related exclusively to such Servicing Rights Assets and/or the Assumed
Liabilities; and 
 (f) any proceeds of any of the foregoing. 

2.3 MSR Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, as consideration for the
purchase of the Rights to MSRs and the Servicing Rights Assets, HLSS shall pay the portion of the MSR Purchase Price attributable to the value of the Excess Servicing Fees for each Servicing Agreement, and Holdings shall pay the portion of the MSR
Purchase Price attributable to the value of the remainder of the Rights to MSRs and the Servicing Rights Assets, in each case for each Servicing Agreement, to Seller. 

  
 -8-

 2.4 Assumed Liabilities and Excluded Liabilities. 

(a) Upon the terms and subject to the conditions set forth herein and in the Agreement, Holdings shall assume, (i) prior to the
Servicer Transfer Date for each Servicing Agreement, and solely as between Holdings and Seller, all of the duties, obligations and liabilities of Seller (other than the Excluded Liabilities), as servicer but subject to such Servicing Agreements, and
provided that Seller will continue to act as the servicer as set forth herein and in no event shall Holdings be a subservicer, subcontractor or servicer within the meaning of a Servicing Agreement prior to the related Servicing Transfer Date and
(ii) as of or after the Servicing Transfer Date for each Servicing Agreement, all of the duties, obligations, and liabilities of Seller (other than the Excluded Liabilities) as servicer accrued and pertaining solely to the period from and after
such Servicing Transfer Date relating to the Servicing Rights that are subject to such Servicing Agreement (the “Assumed Liabilities”). 
 (b) Holdings hereby agrees to act as servicer under each Servicing Agreement following the related Servicing Transfer Date and assumes responsibility for the due and punctual performance and observance of
each covenant and condition to be performed or observed by the servicer under the applicable Servicing Agreement, including the obligation to service each Mortgage Loan in accordance with the terms of the related Servicing Agreement and to pay any
Excess Servicing Fees to HLSS on and after such Servicing Transfer Date; provided, however, that the parties hereto acknowledge and agree that neither Purchaser nor any successor servicer assumes any liabilities of Seller, or any obligations
of Seller relating to any period of time prior to the applicable Servicing Transfer Date. Seller hereby acknowledges that neither this Sale Supplement nor the Agreement limits or otherwise releases it from its liabilities for its acts or omissions
as the servicer under the Servicing Agreements prior to the related Servicing Transfer Date. Holdings hereby acknowledges that Seller shall have no further obligation as servicer under any of the Servicing Agreements on and after the related
Servicing Transfer Date, except to the extent set forth in this Sale Supplement, the Agreement, the Subservicing Agreement and the Subservicing Supplement. 
 (c) Notwithstanding anything to the contrary contained herein, Purchasers do not assume any duties, obligations or liabilities of any kind, whether known, unknown, contingent or otherwise, (i) not
relating to the Transferred Servicing Rights or the Assumed Liabilities, (ii) attributable to any acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives, including,
without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date, (iii) attributable to any actions, causes of action, claims, suits or proceedings or violations of law or regulation attributable to any
acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives, including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date
or (iv) relating to any representation and warranty made by Seller or any of its Affiliates with respect to the related Mortgage Loans or the Transferred Assets (the “Excluded Liabilities”). Without limiting the generality of
the foregoing, it is not the intention that the assumption by Purchasers of the Assumed Liabilities shall in any way enlarge the rights of any third parties relating thereto. Nothing contained in the Agreement or this Sale Supplement shall prevent
any party hereto from contesting matters relating to the Assumed Liabilities with any third party obligee. 

  
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 (d) From and after the related Servicing Transfer Date, except as otherwise provided for in
Section 8.3 of this Sale Supplement, (i) Holdings shall have complete control over the payment, settlement or other disposition of the Assumed Liabilities and the right to commence, control and conduct all negotiations and
proceedings with respect thereto, subject to the terms of the related Servicing Agreements and (ii) Seller shall have complete control over the payment, settlement or other disposition of the Excluded Liabilities and the right to commence,
control and conduct all negotiations and proceedings with respect thereto. Except as otherwise provided in this Sale Supplement, (i) Seller shall promptly notify Holdings of any claim made against Seller with respect to the Assumed Liabilities
or the Transferred Assets and shall not voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Assumed Liabilities or Transferred Assets without the prior written consent of
Holdings and (ii) Holdings shall promptly notify Seller of any claim made against Purchasers with respect to the Excluded Liabilities and shall not voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit
liability with respect to, any Excluded Liabilities without the prior written consent of Seller. 
 2.5 Remittance of Excess
Servicing Fees, Servicing Advance Receivables Fees and Related Amounts. Seller shall, to the extent permitted under any Deferred Servicing Agreement cause (i) any Excess Servicing Fees to be deposited directly into HLSS’s account in
accordance with HLSS’s written directions and (ii) any Servicing Advance Receivables Fees to be deposited directly into Holdings’ account in accordance with Holdings’ written directions. In any case, Seller shall within one
(1) Business Day of the receipt thereof, remit to the related Purchaser any such amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date. Any such amounts shall be remitted in accordance with such
Purchaser’s written directions. 
 2.6 Payment of Estimated Purchase Price. Subject to the conditions set forth in
this Sale Supplement and the Agreement, HLSS and Holdings shall pay the Estimated Purchase Price to Seller at the Closing. The Estimated Purchase Price shall be reconciled to the final Purchase Price in accordance with Section 2.5 of the
Agreement. 
 ARTICLE 3 
 PURCHASE AND SALE OF SERVICING ADVANCE RECEIVABLES 
 3.1 Assignment and
Conveyance of Servicing Advance Receivables. Commencing on the Closing Date, and continuing until the close of business on the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such
Servicing Agreement, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller hereby sells, conveys, assigns and transfers to Holdings, and Holdings acquires from Seller, without recourse except as provided
herein, free and clear of any Liens, all of Seller’s right, title and interest, whether now owned or hereafter acquired, in, to and under each Servicing Advance Receivable (i) in existence on the Closing Date that arose under the Servicing
Agreements and is owned by Seller as of the Closing Date, if any (the “Initial Servicing Advance Receivables”), (ii) in existence on any Business Day on or after the Closing Date that arises under any Servicing Agreement prior
to the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such Servicing Agreement (“Additional Servicing Advance Receivables”), and (iii) in the case of both Initial
Servicing Advance Receivables and Additional Servicing Advance Receivables, all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the Uniform
Commercial Code in effect in all applicable jurisdictions (the “UCC”)), together with all rights of Seller to enforce such Initial Servicing 

  
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Advance Receivables and Additional Servicing Advance Receivables (collectively, the “Transferred Receivables Assets”). Until the related Servicing Transfer Date, Seller shall,
automatically and without any further action on its part, sell, assign, transfer and convey to Holdings, on each Business Day, each Additional Servicing Advance Receivable not previously transferred to Holdings and Holdings shall purchase each such
Additional Servicing Advance Receivable. The parties acknowledge and agree that so long as the Servicing Advance Receivables with respect to a Servicing Agreement are being sold by Holdings to the Advance SPEs pursuant to the Servicing Advance
Financing Agreements, the sale of such Servicing Advance Receivables by Seller to Holdings shall be made pursuant to and in accordance with the provisions of the Servicing Advance Financing Agreements, and Seller covenants and agrees to comply with
the provisions of such Servicing Advance Financing Agreements with respect to such Servicing Advance Receivables. 
 3.2
Servicing Advance Receivables Purchase Price. In consideration of the sale, assignment, transfer and conveyance to Holdings of the Servicing Advance Receivables and related Transferred Receivables Assets, on the terms and subject to the
conditions set forth in this Sale Supplement, Holdings shall, on each related Servicing Advance Payment Date, pay and deliver to Seller, in immediately available funds, a purchase price equal to the Servicing Advance Receivables Purchase Price for
such Servicing Advance Receivables sold on such date; provided that Seller shall have complied with the terms of Section 3.1 and Section 3.3 with respect to the related Servicing Advance Receivable. Subject to the
proviso of the immediately preceding sentence, to the extent any P&I Advances are required to be made under the terms of the Deferred Servicing Agreements, as determined by Seller and set forth in the applicable Monthly Remittance Report,
Holdings shall, on the date the related P&I Advance is required to be made under the related Deferred Servicing Agreement, deposit the Servicing Advance Receivable Purchase Price for such P&I Advances into either the applicable Custodial
Account or other applicable account held by the related trustee, master servicer, securities administrator, or trust administrator, as the case may be, in accordance with the requirements of the related Deferred Servicing Agreement (which may be
done directly by Holdings or though an account established in connection with the Servicing Advance Facility Agreements) in consideration for such P&I Advance. 
 3.3 Servicing Advances. Seller covenants and agrees that each Servicer Advance made by Seller under the Servicing Agreements prior to the related Servicing Transfer Date shall (a) be required
to be made pursuant to the terms of the related Deferred Servicing Agreement and comply with the terms of such Deferred Servicing Agreement and Applicable Law, (b) comply with Seller’s advance policies and stop advance policies and
procedures and not constitute a nonrecoverable Servicer Advance as of the date Seller made such Servicer Advance and (c) be supported by customary backup documentation. Seller agrees to provide prompt notice to Holdings of any Servicer Advance
made by Seller under the Deferred Servicing Agreements and deliver to Holdings such customary backup documentation relating to any Servicer Advance promptly upon request by Holdings. In the event Seller cannot provide, or cause to be provided to
Holdings any customary backup documentation, and Holdings is unable to be reimbursed for such Servicer Advance solely as a result of such failure, Seller shall reimburse Holdings for the amount of such unreimbursed Servicer Advances within five
(5) Business Days of Holdings’ written request, to the extent Holdings paid Seller for such amounts. 

  
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 3.4 Reimbursement of Servicing Advances. Seller shall, to the extent permitted under
any Deferred Servicing Agreement cause the reimbursement of any Servicer Advances under the Deferred Servicing Agreements to be made directly into Holdings’ account in accordance with Holdings’ written directions. In any case, Seller shall
within one (1) Business Day of the receipt thereof, remit to Holdings any amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date as reimbursement of any Servicer Advance. Any such amounts shall be
remitted in accordance with Holdings’ written directions. 
 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller makes the following representations and warranties to Purchasers as of (a) each of the Closing Date and each Sale Date or (b) as of such other dates specified below: 

4.1 General Representations. Each of the representations and warranties set forth in Article 3 of the Agreement are true and
correct. 
 4.2 Title to Transferred Assets. From and including the Closing Date until such Servicing Rights Assets are
transferred to Holdings under Section 2.2, Seller shall be the sole holder and owner of such Servicing Rights Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens. Upon the sale
of such Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Holdings good and marketable title to the Servicing Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and the
sale and delivery to Purchasers of the Rights to MSRs pursuant to the provisions of this Sale Supplement will transfer to Purchasers good and marketable title to the Rights to MSRs free and clear of any Liens. 

4.3 Right to Receive Servicing Fees. Seller is entitled to receive Servicing Fees, Ancillary Income and Prepayment Interest
Excess as servicer under each Servicing Agreement, and the New York Uniform Commercial Code permits the Seller to transfer the Excess Servicing Fees to HLSS and the remainder of the Rights to MSRs to Holdings under the Agreement and this Sales
Supplement without violation of any applicable Servicing Agreement. 
 4.4 Servicing Agreements and Underlying Documents.
Schedule I hereto contains a list of all Servicing Agreements (other than the Underlying Documents) related to the Servicing Rights that are subject to this Sale Supplement and Schedule II hereto contains a list of all Underlying
Documents related to such Servicing Agreement, in each case with all amendments and modifications thereto, or supplements thereto with respect to such Servicing Rights. 
 4.5 Mortgage Pool Information, Related Matters. 
 (a) Seller has delivered
to Purchasers one or more summary schedules which set forth information with respect to each Mortgage Pool relating to the Servicing Rights (the “Summary Schedules”). Seller acknowledges that Purchasers have relied on such Summary
Schedules to determine the Purchase Price it was willing to pay for the Transferred Assets. 

  
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 (b) The Summary Schedules, the Mortgage Loan Schedule and the Database are true, accurate
and complete in all material respects as of the related Cut-off Date or such other date specified thereon. 
 (c) The Mortgage
Loan Schedule indicates, by code reference, which of the Mortgage Loans have been converted into REO Properties as of the Cut-off Date. 
 4.6 Enforceability of Servicing Agreements. 
 (a) Seller has delivered to
Purchasers, on or prior to the related Closing Date, true and complete copies of all Servicing Agreements listed on Schedule I hereto and all amendment thereto and all Underlying Documents listed on Schedule II hereto and all
amendments thereto. There are no other written or oral agreements binding upon Seller or Purchasers that modify, supplement or amend any such Servicing Agreement or Underlying Document. 

(b) Seller has not received written notice of any pending or threatened cancellation or partial termination of any Servicing Agreement or
Underlying Document or any written notice of any pending or threatened termination of Seller as servicer of any of the Mortgage Loans. 
 (c) On and prior to the related Servicing Transfer Date, each Servicing Agreement and each of the Underlying Documents is or was a valid and binding obligation of Seller, is or was in full force and
effect and enforceable against Seller in accordance with its terms, except as such enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors rights
generally and general principles of equity (regardless of whether considered in a proceeding of law or in equity). 
 4.7
Compliance With Servicing Agreements. 
 (a) Seller has serviced the Mortgage Loans subject to the Servicing Agreements
and has kept and maintained complete and accurate books and records in connection therewith, all in accordance with Applicable Requirements, has made all remittances required to be made by it under each Servicing Agreement and is otherwise in
compliance in all material respects with all Servicing Agreements and the Applicable Requirements. 
 (b) (i) No early
amortization event, servicer default, servicer termination event, event of default or other default or breach has occurred under any Servicing Agreement or any Underlying Document (except with respect to the delinquency or loss performance triggers
identified in the Summary Schedules), and (ii) no event has occurred, which with the passage of time or the giving of notice or both would: (A) constitute a material default or breach by Seller under any Servicing Agreement, Underlying
Document or under any Applicable Requirement; (B) permit termination, modification or amendment of any such Servicing Agreement or Underlying Document by a third party without the consent of Seller; (C) enable any third party to demand
that Seller or either Purchaser incur any repurchase obligations pursuant to a Servicing Agreement or an Underlying Document or provide indemnification for any amount of losses relating to a breach of a loan representation or warranty;
(D) impose on Seller or either Purchaser sanctions or penalties in respect of any Servicing Agreement or Underlying Document; or (E) rescind any insurance policy or reduce insurance benefits in respect of any Servicing Agreement or
Underlying Document which would result in a material breach or trigger a default of any obligation of Seller under any Servicing Agreement or Underlying Document. 

  
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 (c) There are no agreements currently in place with any subservicers to perform any of
Seller’s duties under the Servicing Agreements. 
 (d) Each report and officer’s certification prepared by Seller as
servicer pursuant to a Servicing Agreement is true and correct in all material respects. Seller has previously made available to Purchasers a correct and complete description of the policies and procedures used by Seller in connection with servicing
the Mortgage Loans related to the Servicing Agreements. 
 (e) In the preceding twelve (12) month period, no Governmental
Authority, Investor, Insurer, rating agency, trustee, master servicer or any other party to a Servicing Agreement has provided written notice to Seller claiming or stating that Seller has violated, breached or not complied with any Applicable
Requirements in connection with the servicing of the related Mortgage Loans which has not been resolved by Seller. 
 (f) All
Custodial Accounts and Escrow Accounts have been established and continuously maintained in accordance with Applicable Requirements. All Custodial Account and Escrow Account balances required by the Mortgage Loans and paid for the account of the
Mortgagors under the related Mortgage Loans have been credited properly to the appropriate account and have been retained in and disbursed from the appropriate account in accordance with Applicable Requirements. 

4.8 No Recourse. None of the Servicing Agreements or other contracts to be assumed by Purchasers hereunder provide for Recourse to
Seller. 
 4.9 The Mortgage Loans. 
 (a) Each of the Mortgage Loans and REO Properties related to each Servicing Agreement has been serviced in accordance with Applicable Requirements in all material respects. 

(b) Except as disclosed on the Mortgage Loan Schedule, in the related Database and in the related Loan File and consistent with the
requirements of the related Servicing Agreement, Seller has not waived any default, breach, violation or event of acceleration under any Mortgage Loan, except to the extent that any such waiver is permitted under the related Servicing Agreement and
reflected in the Mortgage Loan Schedule, the related Database and the related Loan File and the disclosure relating to such waiver is reflected consistently in all material respects among the related Mortgage Loan Schedule, the related Database and
the related Loan File. The Mortgage related to each Mortgage Loan related to the Servicing Agreements has not been satisfied, cancelled or subordinated, in whole or in part, and except as permitted under the related Servicing Agreement, the related
Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such release, cancellation, or subordination. 

  
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 (c) There is in force with respect to each Mortgaged Property and REO Property related to a
Servicing Agreement a hazard insurance policy (including any policy in effect under a forced place insurance policy) and, if applicable, a flood insurance policy that provides, at a minimum, for the coverage as required by the applicable Servicing
Agreement. Seller and any prior servicer or subservicer under the Servicing Agreements has taken all necessary steps to maintain any hazard insurance policy, flood insurance policy, primary mortgage insurance policy, and title insurance policy as
required under the Servicing Agreements. 
 (d) Seller is not aware of any repurchase requests or demands being made or
threatened to be made with respect to any Mortgage Loans related to the Servicing Agreements in excess of $10 million with respect to any Servicing Agreement. 
 (e) Except as disclosed in the related Database, Seller has not received notice from any Mortgagor with respect to the Mortgage Loans related to the Servicing Agreements of a request for relief pursuant
to or invoking any of the provisions of the Servicemembers Civil Relief Act or any similar law which would have the effect of suspending or reducing the Mortgagor’s payment obligations under a Mortgage Loan or which would prevent such loan from
going into foreclosure. 
 (f) With respect to each adjustable rate Mortgage Loan, Seller and each prior servicer has complied in
all material respects with all Applicable Requirements regarding interest rate and payment adjustments. 
 (g) Each first lien
Mortgage Loan is covered by a valid and freely assignable, life of loan, tax service contract, and flood tracking services contract, in full force and effect. All flood zone determination information provided to Purchasers is true and correct in all
material respects. 
 (h) There are no actions, claims, litigation or governmental investigations pending or, to the knowledge of
Seller, threatened, against Seller, or with respect to any Servicing Agreement or any Mortgage Loan, which relate to or affect Seller’s rights with respect to the Servicing Rights or Seller’s right to sell, assign and transfer the
Servicing Rights or the Rights to MSRs or to receive any Servicing Fee, which could reasonably be expected to have a Material Adverse Effect individually or in the aggregate. 
 (i) Payments received by Seller with respect to any Mortgage Loans related to the Servicing Agreements have been remitted and properly accounted for as required by Applicable Requirements in all material
respects. All funds received by Seller in connection with the satisfaction of Mortgage Loans, including foreclosure proceeds and insurance proceeds from hazard losses, have been deposited in the appropriate Custodial Account or Escrow Account and
all such funds have been applied to pay accrued interest on the Mortgage Loans, to reduce the principal balance of the Mortgage Loans in question, or for reimbursement of repairs to the Mortgaged Property or as otherwise required by Applicable
Requirements or are on deposit in the appropriate Custodial Account or Escrow Account. 
 (j) Seller is not aware of any Person
that has issued any notice or written intention to exercise the optional call or optional redemption provisions under any of the related Servicing Agreements. 

  
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 (k) No fraudulent action has taken place on the part of Seller in connection with its
servicing of any Mortgage Loan related to the Servicing Agreement. 
 (l) Except with respect to partial releases, actions
required by a divorce decree, assumptions, or as otherwise permitted under Applicable Requirements and documented in the Loan File and the Database, (i) the terms of each Mortgage Note and Mortgage have not been modified by Seller or any prior
servicer, (ii) no party thereto has been released in whole or in part by Seller or any prior servicer and (iii) no part of the Mortgaged Property has been released by Seller or any prior servicer. 

4.10 Servicing Advance Receivables. 
 (a) From and including the Closing Date until such Servicing Advance Receivable is transferred to Holdings under Section 3.1, Seller is the sole holder and owner of each Servicing Advance
Receivable and has good and marketable title to such Servicing Advance Receivable. Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables other than pursuant to the Agreement, this Sale Supplement and the
Servicing Advance Financing Agreements. The sale and delivery to Holdings of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Holdings good and marketable title to the Servicing Advance
Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements). 

(b) Each Servicing Advance Receivable transferred to Holdings under Section 3.1, is at the time of such transfer a valid and
existing account owing to Seller and is carried on the books of Seller at or less than the amount actually advanced or accrued net of any charge-offs or other adjustments by Seller. Seller has not received any notice from a master servicer,
securities administrator, trustee, Insurer, Investor or any other Person, which disputes or denies a claim by Seller for reimbursement in connection with any such Servicing Advance Receivable. Each Servicer Advance made by Seller (and each trailing
invoice received by Holdings on or after the related Servicing Transfer Date for services rendered prior to such Servicing Transfer Date) that is reimbursed or paid by Holdings to Seller or a third party service provider is fully reimbursable to
Holdings as a Servicer Advance under the terms of the related Servicing Agreement. 
 (c) Each Servicer Advance made by Seller
was made in accordance with Applicable Requirements and Seller’s advance policies and stop advance policies and procedures in all material respects, and is not subject to any set-off or claim that could be asserted against Holdings. No Servicer
Advance made by Seller or any prior servicer under a Servicing Agreement and not reimbursed or paid to Seller prior to the related Sale Date is a Non-Qualified Servicer Advance. Seller has not received any written notice from any Person in which
such Person disputes or denies a claim by Seller for reimbursement in connection with a specifically identified Servicer Advance. 
 4.11 Servicing Agreement Consents and Other Third Party Approvals. None of the execution, delivery and performance of the Agreement and this Sale Supplement by Seller, the transfers of Servicing
Rights under Section 2.2, the transfer of Rights to MSRs under Section 2.1, the transfers of Servicing Advance Receivables under Section 3.1 and the other transactions contemplated hereby require any consent,
approval, waiver, authorization, penalties, notice or filing to be obtained by Seller or Purchasers from, or to be given by Seller or Purchasers to, or made by Seller or Purchasers with, any Person, except for, with respect to the Servicing Rights
Assets, the Third Party Consents. 

  
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 4.12 Servicing Advance Financing Agreements. 

(a) Except as otherwise disclosed to the Purchasers, all of the Servicing Agreements are “Facility Eligible Servicing
Agreements,” and each Servicer Advance to be owned by an Advance SPE is a “Facility Eligible Receivable,” each as defined under the Servicing Advance Financing Agreements. 

(b) All of the representations and warranties of Seller in the Servicing Advance Financing Agreements are true and correct, and no early
amortization event, default, event of default or similar event has occurred under the Servicing Advance Financing Agreements. 

(c) Each of Seller and its Affiliates have complied in all material respects with the terms of the existing Servicing Advance Financing
Agreements. 
 4.13 Anti-Money Laundering Laws. Seller has complied with all applicable anti-money laundering laws and
regulations. 
 4.14 Servicer Ratings. Seller has a residential primary servicer rating for the servicing of subprime
residential mortgage loans issued by S&P, Fitch or Moody’s at or above “Above Average,” “RPS3” and “SQ2-”, respectively. 
 4.15 Eligible Servicer. Seller meets the eligibility requirements of a servicer and a subservicer under the terms of each Servicing Agreement and Underlying Document. 

4.16 HAMP. Seller has entered into a Commitment to Purchase Financial Instrument and Servicer Participation Agreement with Fannie
Mae, as financial agent of the United States, which agreement is in full force and effect. 
 ARTICLE 5 

CONDITIONS PRECEDENT 
 5.1 Conditions to the Purchase of the Rights to MSRs. Purchasers’ obligations to make their respective purchases pursuant to Section 2.1, Holdings’ obligations to purchase the
Servicing Rights pursuant to Section 2.2, and Purchasers’ obligations to pay the Purchase Price (and the Estimated Purchase Price) pursuant to Section 2.3 and Section 2.6 are subject to the satisfaction or
Purchasers’ waiver of each of the conditions set forth in Section 6.1 and Section 6.3 of the Agreement (except the requirement to deliver the Third Party Consents necessary to transfer the Servicing Rights pursuant to
Section 2.2) with respect to each of the Servicing Agreements and each of the Servicing Rights, as applicable, on the Closing Date and the satisfaction of each of the following conditions: 

(a) Seller shall have obtained all consents or approvals required to be obtained to consummate the transfers to Purchasers pursuant to
Section 2.1; 

  
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 (b) The Servicing Advance Facility Agreements shall have been executed and delivered by each
of the parties thereto and all of the conditions precedent to the effectiveness of the Servicing Advance Facility Agreements set forth therein have been satisfied; and 
 (c) The Subservicing Agreement and the Subservicing Supplement shall have been executed and delivered by each of the parties thereto and all of the conditions precedent to the effectiveness of the
Subservicing Agreement and the Subservicing Supplement set forth therein have been satisfied. 
 ARTICLE 6 

SERVICING MATTERS 
 6.1 Seller as Servicer. Except as expressly set forth in this Sale Supplement, Seller shall perform all of its duties and obligations of under each Servicing Agreement until the related Servicing
Transfer Date and shall at all times until the related Servicing Transfer Date meet any standards and fulfill any requirements applicable to Seller under each Servicing Agreement. 

6.2 Servicing. Except as otherwise specifically provided in this Sale Supplement, Seller covenants and agrees to service and
administer each Mortgage Loan related to a Servicing Agreement from and after the Closing Date until the related Servicing Transfer Date in accordance with Applicable Law, the terms of the related Mortgage Loan Documents and any applicable private
mortgage insurance or pool insurance, the standards, requirements, guidelines, procedures, restrictions and provisions of the related Servicing Agreement and Underlying Documents governing the duties of Seller thereunder, this Sale Supplement and
any other Applicable Requirements. Without limiting the foregoing, Seller covenants and agrees that it shall perform its obligations pursuant to this Sale Supplement in a manner that will not cause the termination of Seller as servicer under any
Deferred Servicing Agreement, including any termination based on Seller’s management of delinquency or loss performance with respect to Mortgage Loans related to such Deferred Servicing Agreement. The parties acknowledge and agree that any
termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Holdings to purchase Servicing Advance Receivables pursuant
to Section 3.1, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement. In the event of a conflict between a Servicing Agreement and this Article 6, the Servicing
Agreement shall control. 
 6.3 Collections from Obligors and Remittances. Seller shall direct the obligors on the
Deferred Mortgage Loans to remit payment on the Deferred Mortgage Loans to the Clearing Account (as defined in the Servicing Agreement) and shall within one (1) Business Day of receipt promptly deposit any amounts Seller receives with respect
to the Deferred Mortgage Loans in the Clearing Account. Seller shall promptly remit all amounts received by Seller with respect to the Mortgage Loans to the applicable Custodial Account or Escrow Account, but no later than the earlier of two
(2) Business Days after receipt thereof or the date required pursuant to the applicable Deferred Servicing Agreement; provided, that Seller shall, subject to the terms of the related Servicing Agreement, remit any such amounts that
constitute recovery of a Servicer Advance to the applicable account, if any, specified by Holdings pursuant to Section 3.4  

  
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within one (1) Business Day of receipt thereof; provided, further, that Seller shall, subject to the terms of the related Servicing Agreement, remit any such amounts that constitute
Servicing Fee to the applicable account, if any, specified by Holdings pursuant to Section 2.5 within one (1) Business Day of receipt thereof. Seller shall also making any compensating interest payments or prepayment interest
shortfall payments required to be made by Seller with respect to the Mortgage Loans under the Deferred Servicing Agreements, and shall remit any such payments to the applicable Custodial Account no less than one (1) Business Day prior to the
applicable remittance date for such Servicing Agreement. 
 6.4 Servicing Practices. Seller shall not make any material
change to its servicing practices with respect to the Deferred Mortgage Loans after the date hereof, including, any material changes to its cash collection and sweep processes or its advance policies or stop advance policies, without Holdings’
prior written consent, which consent shall not be unreasonably withheld or delayed. Holdings shall have the right to direct Seller to implement reasonable changes to Seller’s servicing practices applicable with respect to all or a portion
of the Mortgage Loans, including any changes necessary to ensure compliance with any Applicable Laws or governmental programs or directions received pursuant to the applicable Servicing Agreements. 

6.5 Servicing Reports. Seller shall simultaneously deliver a copy of any reports delivered by Seller to any Person pursuant to the
Deferred Servicing Agreements to Holdings. 
 6.6 Escrow Accounts. Subject to the terms of the related Deferred Servicing
Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement. 

6.7 Notices and Financial Information. Until the last Servicing Transfer Date, Seller will furnish, or will cause to be furnished,
to Purchasers: 
 (a) within two (2) Business Days after the occurrence of a breach by Seller of the Agreement or this Sale
Supplement or any Termination Event or other event that would give HLSS the right to direct Seller to transfer the Servicing Rights with respect to any Deferred Servicing Agreement, notice of such event; 

(b) any information required to be delivered by Seller pursuant to Section 5.10 of the Subservicing Agreement, which
information shall be delivered at such times as specified in Section 5.10 of the Subservicing Agreement, provided that any reference to a “Subject Servicing Agreement” in Section 5.10 of the Subservicing Agreement
shall be deemed to be a reference to a “Deferred Servicing Agreement,” for the purposes of this Section 6.7; and 
 (c) such other information regarding the condition or operations, financial or otherwise, of Seller or any of its subsidiaries as HLSS may from time to time reasonably request. 

6.8 Defaults under Deferred Servicing Agreements. Seller covenants and agrees to use its reasonable best efforts to cure any
breach, default or notice of default with respect to its obligations under any Deferred Servicing Agreement within the timeframe for cure set forth in such Deferred Servicing Agreement. 

  
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 6.9 Continuity of Business. (a) Seller will maintain a disaster recovery plan in
support of the services it performs pursuant to this Sale Supplement and each Deferred Servicing Agreement. Seller’s disaster recovery plan shall include, at a minimum, procedures for back-up/restoration of operating and loan administration
computer systems; procedures and third-party agreements for replacement equipment (e.g. computer equipment), and procedures and third-party agreements for off-site production facilities. Seller will provide Holdings information regarding its
disaster recovery plan upon reasonable request. Seller agrees to annually test its disaster recovery plan to ensure compliance with this Section 6.9. If such test results identify a material failure, Seller shall advise Holdings of the
steps Seller will be taking to remedy such failure and shall notify Holdings when Seller has remedied such failure and retested. Seller will notify Holdings anytime Seller’s disaster recovery plan is activated. In the event of an activation of
the disaster recovery plan, Seller shall use best efforts to provide redundancy capabilities for a majority of the critical systems within 48 hours in at least one of Seller’s other servicing facilities unaffected by the disaster to ensure
servicing of the Mortgage Loans will be re-established within such 48 hours. 
 6.10 Optional Termination or Clean Up
Calls. Seller may exercise its rights under any optional termination or clean up call provision pursuant to a Deferred Servicing Agreement prior to the related Servicing Transfer Date; provided that simultaneously or prior to such
exercise, (i) Seller or its designee agrees to purchase, and purchases, the Mortgage Loans that are subject to such Deferred Servicing Agreement at a purchase price that is at least equal to the applicable purchase price pursuant to such
Deferred Servicing Agreement, (ii) all unreimbursed Servicer Advances and other amounts owed to Holdings with respect to such Deferred Servicing Agreement under the Sale Supplement or otherwise are paid to Holdings, (iii) Seller shall have
paid to HLSS a redemption fee with respect to such Deferred Servicing Agreement equal to the Book Value of the Rights to MSRs related to such Deferred Servicing Agreement on HLSS’s financial statements as of the date of such optional
termination or clean up call and (iv) Seller shall provide at least ten (10) Business Days prior written notice to Purchasers of such exercise. 
 6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights. Seller hereby covenants and agrees not to amend the Servicing Agreements without Purchasers’ prior written
consent. Seller shall not sell or otherwise voluntarily transfer servicing under any of the Deferred Servicing Agreement during the Consent Period except as expressly provided in this Sale Supplement or take any other actions inconsistent with
Purchasers’ right to acquire ownership of Servicing Rights with respect to a Servicing Agreement upon receipt of the required Third Party Consents. 
 6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights. Holdings may from time to time designate any of Seller’s servicing obligations under a Deferred Servicing
Agreement and assume the performance of such obligations so long as such assumption is permitted pursuant to such Deferred Servicing Agreement and does not limit Seller’s right to receive the Servicing Fees pursuant to such Deferred Servicing
Agreement. Notwithstanding anything in the Agreement or this Sale Supplement to the contrary, HLSS may transfer the Rights to MSRs to any third party and/or may direct Seller to transfer the Servicing Rights to a third party that can obtain the
required Third Party Consents, subject to the right of the Seller to receive the Seller Monthly Servicing Fee, the Performance Fee, the Ancillary Income and, if applicable, the Prepayment Interest Excess owed to Seller with respect to such Deferred
Servicing Agreement pursuant to Article 7. For the avoidance of doubt, HLSS shall be entitled to receive all proceeds of such transfer. 

  
 -20-

 6.13 Termination Event. In the case that any Termination Event occurs with respect to
any Servicing Agreement during the Consent Period, Seller shall, upon HLSS’s written direction to such effect, use commercially reasonable efforts to transfer the Servicing Rights relating to any affected Servicing Agreement to a third party
servicer identified by HLSS with respect to which all required Third Party Consents with respect to such Servicing Agreement can be obtained. HLSS shall be entitled to receive all proceeds of such transfer. 

6.14 Servicing Transfer. Seller and Purchasers shall, prior to the Servicing Transfer Date with respect to each Servicing
Agreement, work in good faith to determine and agree upon applicable servicing transfer procedures with respect to such Servicing Agreement. 
 6.15 Incorporation of Provisions from Subservicing Agreement. The provisions of each of Sections 5.3, 5.4, 5.5, 5.6, 5.7, 5.8 (excluding the first sentence
thereof), 5.17 and 5.18, and Exhibit A of the Subservicing Agreement are hereby incorporated into this Sale Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein; provided that
any reference therein to the defined terms “Ocwen,” “Servicer,” “Mortgage Loan,” “Subject Servicing Agreement” and “Agreement,” shall be deemed for purposes of this Sale Supplement to be references
to the terms “Seller,” “Holdings,” “Deferred Mortgage Loan,” “Deferred Servicing Agreement” and “Sale Supplement,” respectively and any reference therein to the phrase “during the term of this
Agreement” shall be deemed for purposes of this Sale Supplement to be references to the phrase “until the last Servicing Transfer Date.” 
 ARTICLE 7 
 SELLER SERVICING FEES; COSTS AND EXPENSES 

7.1 Seller Monthly Servicing Fee. As consideration for Seller servicing the Mortgage Loans pursuant to the Deferred Servicing
Agreements during the applicable Consent Period but prior to the earlier of the date on which the Servicing Rights are transferred from Seller with respect to a Deferred Servicing Agreement or Servicing Fee Reset Date, Holdings shall pay to Seller a
monthly base servicing fee for each calendar month during such period during which Seller is servicing Mortgage Loans with respect to Deferred Servicing Agreements pursuant to this Sale Supplement equal to 12% of the aggregate Servicing Fees
actually received by Purchasers under this Sale Supplement during such calendar month with respect the Deferred Servicing Agreements (the “Seller Monthly Servicing Fee”). 

7.2 Performance Fee. In addition to the Seller Monthly Servicing Fee, Holdings shall pay to Seller for each calendar month during
which Holdings is servicing Mortgage Loans with respect to Deferred Servicing Agreements pursuant to this Sale Supplement a performance fee (“Performance Fee”) equal to the greater of (a) zero and (b) (x) the excess,
if any, of the aggregate of all Servicing Fees actually received by Purchasers with respect to the Deferred Servicing Agreements and pursuant to the Transferred Servicing Agreements (whether directly

  
 -21-

 
pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) during such calendar month over the sum of (i) the Monthly Servicing Fee for such calendar month and
(ii) the Retained Servicing Fee for such calendar month multiplied by (y) a fraction, (i) the numerator of which is the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such
calendar month and (ii) the denominator of which is equal to the sum of the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance
of all Mortgage Loans subject to the Transferred Servicing Agreements during such calendar month, or such other allocation percentage which is agreed by Seller and Holdings (the “Allocation Percentage”). The Performance Fee, if any,
for any calendar month will be reduced by an amount equal to (y) 3.00% per annum (i.e., 0.25% per month) of the Excess Servicing Advances, if any, for such month multiplied by the Allocation Percentage, and the amount of any such
reduction in the Performance Fee shall be retained by Holdings. If the Closing Date does not occur on the first day of a calendar month, the Performance Fee for the period from the Closing Date to the last of the calendar month in which the Closing
Date occurs shall be calculated in a pro rata manner based on the number of days in such period. Notwithstanding any provision in this Sale Supplement to the contrary, in the event Holdings has failed to pay Seller any Seller Monthly Servicing Fee
or Performance Fees that are past due after ten (10) Business Days of Holdings receiving notice of such failure, Seller shall not be required to continue to act as subservicer until such time as Holdings has fully paid such past due Seller
Monthly Servicing Fee or Performance Fee; provided that Holdings shall not have notified Seller that it disputes the occurrence or amount of such past due Seller Monthly Servicing Fee or Performance Fee. 

7.3 Costs and Expenses. Except as otherwise expressly provided in the Agreement or this Sale Supplement, each party hereto shall
be responsible for its own costs and expenses incurred in connection with the negotiation and execution of the Agreement, this Sale Supplement and all documents relating thereto. Seller shall be required to pay all expenses incurred by it in
connection with its obligations hereunder to the extent such expenses do not constitute Servicer Advances and shall not be entitled to reimbursement therefor except as specifically provided for herein or in the applicable Deferred Servicing
Agreement. Seller shall reimburse Purchasers for any reasonable out-of-pocket costs, including legal fees, incurred by Purchasers in connection with obtaining any required Third Party Consents; provided, however, that neither Purchaser
shall incur such costs without the prior written approval of Seller. 
 7.4 Ancillary Income. Seller shall be entitled to
retain as additional compensation any Ancillary Income and any Prepayment Interest Excess received by Seller with respect to the Deferred Mortgage Loans, and all income from amounts on deposit in Custodial Accounts and Related Escrow Accounts
related to the Deferred Servicing Agreements, to the extent such Ancillary Income, Prepayment Interest Excess or income is permitted to be retained by Seller pursuant to the related Deferred Servicing Agreement. 

7.5 Calculation and Payment. No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing
Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in
reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees. 

  
 -22-

 7.6 No Offset. Neither party shall have any right to offset against any amount
payable hereunder or other agreement to the other party, or otherwise reduce any amount payable hereunder as a result of, any amount owing by the other party or any of its Affiliates to such party or any of its Affiliates. 

7.7 Servicing Fee Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to
negotiation between Seller and Holdings. If Seller and Holdings are unable to agree to such servicing fee prior to the Servicing Fee Reset Date, Seller shall, upon Holdings’ written direction to such effect, transfer the Servicing Rights
relating to all of the Deferred Servicing Agreements to a third party servicer identified by Holdings with respect to which all required Third Party Consents with respect to the Deferred Servicing Agreements can be obtained. Holdings shall be
entitled to receive all proceeds related to such transfer. 
 ARTICLE 8 

INDEMNIFICATION 
 8.1 Seller Indemnification of Purchasers. Seller agrees to indemnify and hold harmless each Purchaser and each officer, director, agent, employee or Affiliate of each Purchaser (each, a
“Seller Indemnified Party”) from and against any and all claims, losses, damages, liabilities, judgments, penalties, fines, forfeitures, legal fees and expenses, and any and all related costs and/or expenses of litigation,
administrative and/or regulatory agency proceedings, and any other costs, fees and expenses (each, a “Liability”) suffered or incurred by a Purchaser or any such other Person (whether or not resulting from a third party claim)
arising directly or indirectly out of or resulting from (a) any event relating to Transferred Assets occurring prior to the related Servicing Transfer Date, (b) a breach of any of Seller’s representations and warranties contained in
the Agreement, this Sale Supplement or any other Related Agreement or Seller’s failure to observe and perform any of Seller’s duties, obligations, covenants or agreements contained in the Agreement, this Sale Supplement or any other
Related Agreement, (c) acts or omissions of Seller, any other servicer of any Mortgage Loans, or any subservicer, contractor or agent engaged by Seller or any other servicer, in each case prior to the related Servicing Transfer Date, relating
to the Transferred Assets, including any failure by Seller, any other servicer or any subservicer, contractor or agent engaged by Seller or any other servicer prior to the related Servicing Transfer Date to comply with the Applicable Requirements,
(d) the Excluded Liabilities or (e) any acts or omissions by Seller or its employees or agents in performance of its duties or obligations pursuant to this Sale Supplement. 

8.2 Purchasers Indemnification of Seller. Purchasers agree, jointly and severally, to indemnify and hold harmless Seller and each
officer, director, agent, employee or Affiliate of Seller (each, a “Purchaser Indemnified Party”) from and against any and all Liability suffered or incurred by Seller or any such other Person arising out of or resulting from
(a) a breach of any of Purchasers’ representations and warranties or covenants contained in the Agreement, the Sale Supplement or any other Related Agreement or (b) acts or omissions of a Purchaser or any subservicer, contractor or
agent (other than Seller or any of Seller’s Affiliates) engaged by Purchasers, in each case after the related Servicing Transfer Date, relating to the Transferred Assets. 

  
 -23-

 8.3 Indemnification Procedures. 

(a) As promptly as is reasonably practicable after becoming aware of a claim for indemnification under the Agreement or this Sale
Supplement not involving a Third-Party Claim, but in any event no later than fifteen (15) Business Days after first becoming aware of such claim, the Indemnified Person shall give notice to the Indemnifying Person of such claim, which notice
shall specify the facts alleged to constitute the basis for such claim and the amount that the Indemnified Person seeks hereunder from the Indemnifying Person; provided, however, that the failure of the Indemnified Person to give such
notice shall not relieve the Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby. 

(b) The Indemnified Person shall give notice as promptly as is reasonably practicable, but in any event no later than ten
(10) Business Days after receiving notice thereof, to the Indemnifying Person of the assertion of any claim, or the commencement of any action, suit, claim or proceeding, by any unaffiliated third Person (a “Third-Party Claim”)
in respect of which indemnity may be sought under the Agreement or this Sale Supplement (which notice shall specify in reasonable detail the nature and amount of such claim); provided, however, that the failure of the Indemnified
Person to give such notice shall not relieve the Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby. The Indemnifying Person may, at
its own expense, (i) participate in the defense of any such Third-Party Claim, and (ii) upon notice to the Indemnified Person, at any time during the course of any such Third-Party Claim, assume the defense thereof with counsel of its own
choice and, in the event of such assumption, shall have the exclusive right, subject to clause (i) in the proviso in Section 8.3(c), to settle or compromise such Third-Party Claim. If the Indemnifying Person assumes such
defense, the Indemnified Person shall have the right (but not the duty) to participate in the defense thereof and to employ counsel, at its own expense, separate from the counsel employed by the Indemnifying Person. Whether or not the Indemnifying
Person chooses to defend or prosecute any such Third-Party Claim, all of the parties hereto shall cooperate in the defense or prosecution thereof. 
 (c) Any settlement or compromise made or caused to be made by the Indemnified Person (unless the Indemnifying Person has the exclusive right to settle or compromise under clause (ii) of
Section 8.3(b) or the Indemnifying Person, as the case may be), of any such Third-Party Claim shall also be binding upon the Indemnifying Person or the Indemnified Person, as the case may be, in the same manner as if a final judgment had
been entered by a court of competent jurisdiction in the amount of such settlement or compromise; provided, however, that (i) no obligation, restriction, loss or admission of guilt or wrongdoing shall be imposed on the Indemnified
Person as a result of such settlement or compromise without its prior written consent and (ii) the Indemnified Person will not compromise or settle any Third Party Claim without the prior written consent of the Indemnifying Person. 

  
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 (d) Except as specifically provided for in the Agreement or this Sale Supplement, no claim
may be made by an Indemnified Person for any special, indirect, punitive or consequential damages (“Special Damages”) in respect of any breach or wrongful conduct (whether the claim therefor is based on contract, tort or duty
imposed by law) in connection with, arising out of, or in any way related to the transactions contemplated, or relationship established, by this Agreement or any Sale Supplement, or any act, omission or event occurring in connection herewith or
therewith, and to the fullest extent permitted by law, Seller and each Purchaser hereby waives, releases and agrees not to sue upon any such claim for Special Damages, whether or not accrued or whether or not known or suspected to exist in its
favor. 
 8.4 Tax Treatment. (a) Seller and Purchasers agree that all payments made by any of them to or for the
benefit of the other under this Article 8, under other indemnity provisions of the Agreement or this Sale Supplement and for any misrepresentations or breaches of warranties or covenants, shall be treated as adjustments to the Purchaser Price
for tax purposes and that such treatment shall govern for purposes hereof except to the extent that the Applicable Laws of a particular jurisdiction provide otherwise. 
 (b) All payments made pursuant to this Agreement shall be made free and clear and without deductions of any kind for taxes. 
 8.5 Survival. The parties’ obligations under this Article 8 shall survive any termination of the Agreement and/or this Sale Supplement. 

8.6 Additional Indemnification. (a) Without limiting Seller’s obligations under Article 8 of this Sale
Supplement, it is agreed by the parties that if Seller is terminated as servicer under any Deferred Servicing Agreement as a result of any action described in clauses (a) through (e) of Section 8.1 above, Seller shall
also pay to Purchasers, as reasonable and just compensation for such termination, an amount equal to the product of (i) the Purchase Price for such Deferred Servicing Agreement and (ii) the Amortization Percentage for the calendar month in
which Seller received notice of such termination, and Purchasers shall accept such sum as liquidated damages, and not as penalty, in the event of such a termination. 
 8.7 Specific Performance. Notwithstanding any other provision of the Agreement or this Sale Supplement, (i) it is understood and agreed that the remedy of indemnity payments pursuant to this
Article 8 and other remedies at law would be inadequate in the case of any actual or threatened breach of the Agreement or this Sale Supplement by Seller and (ii) Purchasers shall be entitled, without limiting its other remedies and
without the necessity of proving actual damages or posting any bond, to equitable relief, including the remedy of specific performance or injunction, with respect to any breach or threatened breach of such covenants. Such relief shall be in addition
to, and not in lieu of, all other remedies available at law or in equity to such party under the Agreement and this Sale Supplement. 

  
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 ARTICLE 9 
 GRANT OF SECURITY INTEREST 
 9.1 Granting Clause. To secure its
performance of its obligations under the Agreement and this Sale Supplement, Seller hereby grants to Purchasers a security interest in all of its right, title and interest in an to the following, whether now owned or hereafter acquired, and all
monies “securities,” “instruments,” “accounts,” “general intangibles,” “payment intangibles,” “payment intangibles,” “goods,” “letter of credit rights,” “chattel
paper,” “financial assets,” “investment property,” (each as defined in the applicable UCC) and other property consisting of, arising from or relating to any of the following: 

(a) the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to the Deferred Servicing Agreements, in each
case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or involuntary of the foregoing; 
 (b) the Rights to MSRs with respect to each Servicing Agreement; 
 (c) all
Servicing Fees, Ancillary Income and Prepayment Interest Excess received under the Deferred Servicing Agreements and subject to Section 6.10 of this Sale Supplement any rights to exercise any optional termination or clean-up call
provisions under the Deferred Servicing Agreements; 
 (d) all files and records in Seller’s possession or control,
including the related Database, relating to the assets specified in clauses (a) through (c); 
 (e) all causes of action,
lawsuits, judgments, claims, refunds, choses in action, rights of recovery, rights of set-off, rights of recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available to or being
pursued by Seller to the extent related exclusively to any of the foregoing and/or the Assumed Liabilities; and 
 (f) any
proceeds of any of the foregoing (collectively, the “Collateral”). 
 This Sale Supplement shall constitute a security
agreement under applicable law. Seller agrees that from time to time it shall promptly execute and deliver all additional instruments and documents and take all additional action that Purchasers may reasonably request in order to perfect the
interests of Purchasers in, to and under, or to protect, the Collateral or to enable Purchasers to exercise or enforce any of its rights or remedies hereunder. To the fullest extent permitted by applicable law, Seller hereby authorizes Purchasers to
file financing statements and amendments thereto in connection with the grant of a security interest pursuant to this Section 9.1. Seller covenants and agrees to take all necessary action to prevent the creation or imposition of any Lien
upon any of the Collateral, and to maintain the Collateral free and clear of all Liens, other than the Lien securing the obligations of Seller arising under this Sale Supplement. 

  
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 ARTICLE 10 
 MISCELLANEOUS PROVISIONS 
 10.1 Further Assurances. Without limiting
Section 5.7 of the Agreement, each party hereto shall execute and deliver in a reasonable timeframe such reasonable and appropriate additional documents, instruments or agreements and take such reasonable actions as may be necessary or
appropriate to effectuate the purposes of this Sale Supplement at the request of the other party. Without limiting the foregoing, the Seller agrees that it will promptly at Purchasers’ request execute and deliver an one or more assignment and
assumption agreements, in form mutually agreed to by the parties, one or more equity interest assignments, in form mutually agreed to by the parties, or such other documents, instruments or agreements as Purchasers may reasonably request to evidence
the transfers of Rights to MSRs pursuant to Section 2.1, Servicing Rights pursuant to Section 2.2 and Transferred Receivables Assets pursuant to Section 3.1. 

10.2 Compliance with Applicable Laws; Licenses. Seller will comply with all Applicable Laws in connection with the performance of
its obligations under the Agreement and this Sale Supplement. Seller shall maintain all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of Seller to perform its
obligations under the Agreement and this Sale Supplement. 
 10.3 Merger, Consolidation, Etc. Seller will keep in full
effect its existence, rights and franchises as a limited liability company, and will obtain and preserve its qualification to do business as a foreign organization in each jurisdiction in which such qualification is or shall be necessary to protect
the validity and enforceability of the Agreement, this Sale Supplement, each Deferred Servicing Agreement or any of the Deferred Mortgage Loans, or to perform its duties under the Agreement or this Sale Supplement. Seller may be merged or
consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which Seller shall be a party or acquiring all or substantially all of the
assets of Seller, or any Person succeeding to the business of Seller shall be the successor of Seller hereunder and under the Agreement, without the execution or filing of any paper or any further act on the part of any of the parties hereto;
provided, however, that the successor or surviving Person shall be an institution whose deposits are insured by FDIC or a company whose business includes the servicing of mortgage loans and shall have a tangible net worth not less than $25,000,000.

 10.4 Annual Officer’s Certificate. Not later than March 15th of each calendar year commencing in 2014, Seller shall deliver to
Purchasers an Officer’s Certificate stating, as to each signatory thereof, that (i) a review of the activities of Seller during the preceding year and of performance under the Agreement and this Sale Supplement has been made under such
officers’ supervision and (ii) to the best of such officer’s knowledge, based on such review, Seller has fulfilled all of its obligations under the Agreement and this Sale Supplement in all material respects throughout such year, or,
if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. 

  
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 10.5 Accounting Treatment. Notwithstanding Section 8.14 of the Agreement,
the parties acknowledge that until such time as the Third Party Consents with respect to a Servicing Agreement are obtained, the parties shall treat the transaction hereunder with respect to such Servicing Agreement as a financing for accounting
purposes. 
 10.6 Incorporation. The provisions of Article 8 of the Agreement are hereby incorporated into this
Sale Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein. 
 10.7 Third Party
Beneficiaries. Seller and each Purchaser acknowledge and agree that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance Financing Agreements pursuant to which Purchaser has transferred Servicer
Advances made pursuant to a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred Servicing Agreements related to such Servicing Advance Financing Agreement.

 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Sale Supplement to be executed and
delivered by its respective officer thereunto duly authorized as of the date above written. 
  

			
	OCWEN LOAN SERVICING, LLC
		
	By:	 	Ocwen Mortgage Servicing, Inc., as its sole member
		
	By:	 	/s/ Nikhil Malik
	Name:	 	Nikhil Malik
	Title:	 	CFO and Treasurer
	
	HLSS HOLDINGS, LLC
		
	By:	 	/s/ James Lauter
	Name:	 	James Lauter
	Title:	 	Senior Vice President and CFO
	
	HOME LOAN SERVICING SOLUTIONS, LTD.
		
	By:	 	/s/ William C. Erbey
	Name:	 	William C. Erbey
	Title:	 	Chairman

 EXHIBIT A 
 Form of Monthly Remittance Report 
  

					
	Ocwen Loan Servicing, LLC	  	 	xxx	  
	Deal Name	  			
	Remittance Summary	  	 	[Month] [Year]	  
		
	 Particulars
	  	Amount ($)	 
	 Scheduled Principal Payments
	  	 	0.00	  
	 Curtailments
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Pool to Security
	  	 	0.00	  
	 Payoff Principal
	  	 	0.00	  
	 Neg Amt Prin
	  	 	0.00	  
	 Deferred Principal Paid
	  	 	0.00	  
		  	  
	  
	 
	 Total Principal remitted
	  	 	0.00	  
		  	  
	  
	 
	 Gross Scheduled Interest
	  	 	0.00	  
	 Less: Service fee amount
	  	 	0.00	  
	 Less: LPMI Premium
	  	 	0.00	  
	 Add: INT on STA Reinstatement
	  	 	0.00	  
	 Add: INT on STA Paid-in-full
	  	 	0.00	  
	 Less: STA PI Recoveries
	  	 	0.00	  
		  	  
	  
	 
	 Total Interest remitted
	  	 	0.00	  
		  	  
	  
	 

					
	 Less: Realized Loss
	  	 	0.00	  
	 Less: Trailing expenses
	  	 	0.00	  
	 Add: Trailing income
	  	 	0.00	  
	 +/- Collection on released loans
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Add: Prepayment penalty
	  	 	0.00	  
	 +/- Prior period PPP
	  	 	0.00	  
	 Add: Collection on STA loans
	  	 	0.00	  
	 Add: Non recoverable Credits
	  	 	0.00	  
	 Less: Non recoverable advances
	  	 	0.00	  
	 Less: Non Loan level expense
	  	 	0.00	  
	 Less: Jr Lien Blanket Policy Fee
	  	 	0.00	  
	 Less: Pre-approved legal expense
	  	 	0.00	  
	 +/-Reconciliation adjustments
	  	 	0.00	  
	 + /-Arrearage remittance
	  			
	 Add: Principal Arrearage
	  	 	0.00	  
	 Add: Interest Arrearage
	  	 	0.00	  
	 + /-: Modification Forgiveness of Debt
	  			
	 Principal Forgiveness
	  	 	0.00	  
	 Interest Forgiveness
	  	 	0.00	  
	 Expense Forgiveness
	  	 	0.00	  
	 Scheduling Difference
	  	 	0.00	  

					
	 Deffered Principal Loss
	  	 	0.00	  
	 SAM waived balance loss
	  	 	0.00	  
	 Investor Incentives
	  	 	0.00	  
	 Less: Compensating Interest adjustment
	  	 	0.00	  
		  	  
	  
	 
	 Total Remittance
	  	 	0.00	  
		  	  
	  
	 
	 Beg Sch Balance
	  	 	0.00	  
	 Ending Principal Balance
	  	 	0.00	  
	 Beg Actual Balance
	  	 	0.00	  
	 Ending Actual Principal Balance
	  	 	0.00	  
	 Beg Deferred Principal Balance
	  	 	0.00	  
	 Ending Deferred Principal Balance
	  	 	0.00	  
	 Beg Loan count
	  	 	0.00	  
	 Payoffs
	  	 	0.00	  
	 End Loan count
	  	 	0.00	  
	 Principal Roll Test
	  	 	0.00	  
	 Loan Count Test
	  	 	0.00	  
	 Non Supporting Compensating Interest
	  	 	0.00	  
	 Wire of sub—Investor
	  	 	0.00	  
		  	  
	  
	 
	 Grand Total for PI Wire
	  	 	0.00	  
		  	  
	  
	 

 SCHEDULE I 
 SERVICING AGREEMENTS 
  

			
	 Investor Number
	  	 Deal Name

	 4406
	  	Soundview 2007-OPT5
	 4400
	  	Soundview 2007-OPT1
	 4396
	  	Soundview 2006-OPT2
	 4399
	  	Soundview 2006-OPT5
	 4397
	  	Soundview 2006-OPT3
	 4085
	  	AMSI 2005-R10
	 4127
	  	ARSI 2005-W2
	 4134
	  	ARSI 2006-W1
	 4093
	  	AMSI 2005-R8
	 4130
	  	ARSI 2005-W5
	 4009
	  	AHM Assets Trust 2006-3
	 4010
	  	AHM Assets Trust 2006-4
	 4013
	  	AHM Assets Trust 2007-1
	 4014
	  	AHM Assets Trust 2007-2
	 4029
	  	AHM Investment Trust 2006-1
	 4027
	  	AHM Investment Trust 2005-4C
	 337
	  	MLMI 1999-H1
	 352
	  	Norwest/Lehman/Sasco 98-2
	 353
	  	Norwest/Lehman/Sasco 98-3
	 355
	  	Norwest/Lehman/Sasco 98-6
	 372
	  	First Alliance 1994-2
	 378
	  	First Alliance 1996-3
	 379
	  	First Alliance 1996-4

			
	 380
	  	First Alliance 1997-1
	 381
	  	First Alliance 1997-2
	 382
	  	First Alliance 1997-3
	 384
	  	First Alliance 1998-1
	 386
	  	First Alliance 1998-3
	 389
	  	First Alliance 1999-2
	 391
	  	First Alliance 1999-4
	 421
	  	First Alliance 1998-1A
	 462
	  	Delta Funding Series 2000-1
	 464
	  	Delta Funding Series 1995-2
	 513
	  	National Finance Securitization
	 550
	  	RFC Alternate Flow H- 62
	 558
	  	RFC Alternet Simple Interest
	 579
	  	Cityscape Securitization
	 2038
	  	1997-NC5 Greenwich
	 2040
	  	1997-NC6 Greenwich
	 2044
	  	Metropolitan 1996-A
	 2049
	  	Metropolitan 1999-A
	 2051
	  	Metropolitan 1999-C
	 2053
	  	MMFI I REMIC TRUST 2000-A
	 2054
	  	MMFI I REMIC TRUST 2000-B
	 2120
	  	Delta Funding Series 2001-1
	 2156
	  	CDC Mortgage Capital Trust 2001-HE1
	 2174
	  	SALOMON 2002 NC-1
	 2176
	  	Renaissance 2002-1
	 2209
	  	CSFB Series 2002-AR25

			
	 2248
	  	CSFB Mtg-Backed PT Certificates Series 2002-AR28
	 2431
	  	ABFS 2002-2
	 2432
	  	ABFS 2002-3
	 2433
	  	ABFS 2002-4
	 2674
	  	DSLA 2005-AR1
	 2675
	  	DSLA 2005-AR2
	 2687
	  	LMT 2006-2
	 2688
	  	LMT 2006-3
	 2689
	  	LMT 2006-4
	 3397
	  	RFMSI 2005-S2
	 3569
	  	GSRPM 2007-1
	 3570
	  	GSAMP 2007-SEA1
	 3571
	  	GSAMP 2006-SEA1
	 3572
	  	GSRPM 2006-2
	 3765
	  	MSMLT 2005-11AR
	 3767
	  	MSMLT 2006-1AR
	 3770
	  	MSMLT 2006-6AR
	 3771
	  	MSMLT 2006-8AR
	 3772
	  	MSMLT 2006-9AR
	 3775
	  	MSMLT 2005-6AR
	 3777
	  	MSMLT 2007-15AR
	 3781
	  	SEQUOIA MTG TRUST
	 3782
	  	BEAR STEARNS 2004-CL1 CL2
	 3783
	  	MSDWCC 2003 HYB1
	 3790
	  	ACE 2001-HE1

			
	 3792
	  	ACE 2002-HE2
	 3812
	  	MSAC 2006-HE4
	 3822
	  	MSAC 2006-NC4
	 3824
	  	FFMLT 2005-FFH2
	 3899
	  	MORGAN STANLEY
	 3909
	  	WAMU/PNC
	 3910
	  	FRANKLIN TEMPLETON
	 3912
	  	FIFTH THIRD BANK
	 4211
	  	HarborView Mortgage Loan Trust 2007-5
	 4117
	  	ARSI 2004-W11
	 4405
	  	Soundview 2007-OPT4
	 4135
	  	ARSI 2006-W2

 SCHEDULE II 
 Underlying Documents 
 None 

 SCHEDULE III 
 RETAINED SERVICING FEE PERCENTAGE 
  

							
	 From Month1
	  	To Month	 	  	 Retained Fee

	 1
	  	 	3	  	  	20.00 bps
	 4
	  	 	6	  	  	19.25 bps
	 7
	  	 	9	  	  	19.00 bps
	 10
	  	 	12	  	  	18.75 bps
	 13
	  	 	15	  	  	18.50 bps
	 16
	  	 	18	  	  	18.00 bps
	 19
	  	 	21	  	  	17.00 bps
	 22
	  	 	24	  	  	16.75 bps
	 25
	  	 	27	  	  	16.50 bps
	 28
	  	 	30	  	  	16.00 bps
	 31
	  	 	33	  	  	15.75 bps
	 34
	  	 	36	  	  	15.75 bps
	 37
	  	 	39	  	  	15.75 bps
	 40
	  	 	42	  	  	15.75 bps
	 43
	  	 	72	  	  	15.75 bps

  

	1 	Starting with May 2013. 

 SCHEDULE IV 

TARGET RATIO SCHEDULE 
  

					
	 Month2
	  	Target Advance
Ratio	 
	 1
	  	 	3.79	% 
	 2
	  	 	3.71	% 
	 3
	  	 	3.64	% 
	 4
	  	 	3.57	% 
	 5
	  	 	3.49	% 
	 6
	  	 	3.42	% 
	 7
	  	 	3.36	% 
	 8
	  	 	3.29	% 
	 9
	  	 	3.22	% 
	 10
	  	 	3.14	% 
	 11
	  	 	3.06	% 
	 12
	  	 	2.99	% 
	 13
	  	 	2.91	% 
	 14
	  	 	2.84	% 
	 15
	  	 	2.77	% 
	 16
	  	 	2.70	% 
	 17
	  	 	2.63	% 
	 18
	  	 	2.57	% 
	 19
	  	 	2.50	% 
	 20
	  	 	2.44	% 
	 21
	  	 	2.38	% 
	 22
	  	 	2.32	% 
	 23
	  	 	2.26	% 
	 24
	  	 	2.20	% 
	 25
	  	 	2.15	% 
	 26
	  	 	2.10	% 
	 27
	  	 	2.04	% 
	 28
	  	 	1.99	% 
	 29
	  	 	1.94	% 
	 30
	  	 	1.89	% 
	 31
	  	 	1.85	% 
	 32
	  	 	1.80	% 
	 33
	  	 	1.76	% 

 

	2 	Starting with May 2013. 

					
	 34
	  	 	1.70	% 
	 35
	  	 	1.65	% 
	 36
	  	 	1.60	% 
	 37
	  	 	1.55	% 
	 38
	  	 	1.51	% 
	 39
	  	 	1.50	% 
	 40
	  	 	1.50	% 
	 41
	  	 	1.50	% 
	 42
	  	 	1.50	% 
	 43
	  	 	1.50	% 
	 44
	  	 	1.50	% 
	 45
	  	 	1.50	% 
	 46
	  	 	1.50	% 
	 47
	  	 	1.50	% 
	 48
	  	 	1.50	% 
	 49
	  	 	1.50	% 
	 50
	  	 	1.50	% 
	 51
	  	 	1.50	% 
	 52
	  	 	1.50	% 
	 53
	  	 	1.50	% 
	 54
	  	 	1.50	% 
	 55
	  	 	1.50	% 
	 56
	  	 	1.50	% 
	 57
	  	 	1.50	% 
	 58
	  	 	1.50	% 
	 59
	  	 	1.50	% 
	 60
	  	 	1.50	% 
	 61
	  	 	1.50	% 
	 62
	  	 	1.50	% 
	 63
	  	 	1.50	% 
	 64
	  	 	1.50	% 
	 65
	  	 	1.50	% 
	 66
	  	 	1.50	% 
	 67
	  	 	1.50	% 
	 68
	  	 	1.50	% 
	 69
	  	 	1.50	% 
	 70
	  	 	1.50	% 
	 71
	  	 	1.50	% 
	 72
	  	 	1.50	% 

 SCHEDULE V 
 VALUATION PERCENTAGE 
  

							
	 Investor
Number
	  	 Deal Name
	  	Purchase
Price (Bps)	 
	4406	  	Soundview 2007-OPT5	  	 	65.85	  
	4400	  	Soundview 2007-OPT1	  	 	60.90	  
	4396	  	Soundview 2006-OPT2	  	 	58.90	  
	4399	  	Soundview 2006-OPT5	  	 	56.21	  
	4397	  	Soundview 2006-OPT3	  	 	53.85	  
	4085	  	AMSI 2005-R10	  	 	52.11	  
	4127	  	ARSI 2005-W2	  	 	44.10	  
	4134	  	ARSI 2006-W1	  	 	43.85	  
	4093	  	AMSI 2005-R8	  	 	41.95	  
	4130	  	ARSI 2005-W5	  	 	41.94	  
	4009	  	AHM Assets Trust 2006-3	  	 	41.47	  
	4010	  	AHM Assets Trust 2006-4	  	 	41.27	  
	4013	  	AHM Assets Trust 2007-1	  	 	41.22	  
	4014	  	AHM Assets Trust 2007-2	  	 	40.44	  
	4029	  	AHM Investment Trust 2006-1	  	 	34.32	  
	4027	  	AHM Investment Trust 2005-4C	  	 	29.94	  
	337	  	MLMI 1999-H1	  	 	5.47	  
	352	  	Norwest/Lehman/Sasco 98-2	  	 	39.12	  
	353	  	Norwest/Lehman/Sasco 98-3	  	 	36.75	  
	355	  	Norwest/Lehman/Sasco 98-6	  	 	32.15	  
	372	  	First Alliance 1994-2	  	 	64.19	  
	378	  	First Alliance 1996-3	  	 	(36.28	) 
	379	  	First Alliance 1996-4	  	 	8.15	  
	380	  	First Alliance 1997-1	  	 	65.96	  
	381	  	First Alliance 1997-2	  	 	(40.14	) 
	382	  	First Alliance 1997-3	  	 	(29.06	) 
	384	  	First Alliance 1998-1	  	 	(44.45	) 
	386	  	First Alliance 1998-3	  	 	5.63	  
	389	  	First Alliance 1999-2	  	 	(20.62	) 
	391	  	First Alliance 1999-4	  	 	(4.84	) 
	421	  	First Alliance 1998-1A	  	 	(48.39	) 
	462	  	Delta Funding Series 2000-1	  	 	(51.12	) 

							
	464	  	Delta Funding Series 1995-2	  	 	(80.19	) 
	513	  	National Finance Securitization	  	 	(44.06	) 
	550	  	RFC Alternate Flow H- 62	  	 	58.40	  
	558	  	RFC Alternet Simple Interest	  	 	40.24	  
	579	  	Cityscape Securitization	  	 	(50.03	) 
	2038	  	1997-NC5 Greenwich	  	 	(18.13	) 
	2040	  	1997-NC6 Greenwich	  	 	(0.20	) 
	2044	  	Metropolitan 1996-A	  	 	(62.42	) 
	2049	  	Metropolitan 1999-A	  	 	(51.71	) 
	2051	  	Metropolitan 1999-C	  	 	(87.11	) 
	2053	  	MMFI I REMIC TRUST 2000-A	  	 	(29.41	) 
	2054	  	MMFI I REMIC TRUST 2000-B	  	 	(9.42	) 
	2120	  	Delta Funding Series 2001-1	  	 	(4.73	) 
	2156	  	CDC Mortgage Capital Trust 2001-HE1	  	 	(44.18	) 
	2174	  	SALOMON 2002 NC-1	  	 	42.24	  
	2176	  	Renaissance 2002-1	  	 	12.30	  
	2209	  	CSFB Series 2002-AR25	  	 	23.64	  
	2248	  	CSFB Mtg-Backed PT Certificates Series 2002-AR28	  	 	23.01	  
	2431	  	ABFS 2002-2	  	 	(7.39	) 
	2432	  	ABFS 2002-3	  	 	(8.88	) 
	2433	  	ABFS 2002-4	  	 	(10.01	) 
	2674	  	DSLA 2005—AR1	  	 	18.99	  
	2675	  	DSLA 2005—AR2	  	 	53.53	  
	2687	  	LMT 2006-2	  	 	51.95	  
	2688	  	LMT 2006-3	  	 	41.64	  
	2689	  	LMT 2006-4	  	 	63.37	  
	3397	  	RFMSI 2005-S2	  	 	110.61	  
	3569	  	GSRPM 2007-1	  	 	31.27	  
	3570	  	GSAMP 2007-SEA1	  	 	47.52	  
	3571	  	GSAMP 2006-SEA1	  	 	(68.77	) 
	3572	  	GSRPM 2006-2	  	 	(34.04	) 
	3765	  	MSMLT 2005-11AR	  	 	48.83	  
	3767	  	MSMLT 2006-1AR	  	 	30.09	  
	3770	  	MSMLT 2006-6AR	  	 	31.64	  
	3771	  	MSMLT 2006-8AR	  	 	28.99	  
	3772	  	MSMLT 2006-9AR	  	 	29.10	  

							
	3775	  	MSMLT 2005-6AR	  	 	(13.07	) 
	3777	  	MSMLT 2007-15AR	  	 	24.87	  
	3781	  	SEQUOIA MTG TRUST	  	 	35.86	  
	3782	  	BEAR STEARNS 2004-CL1 CL2	  	 	16.17	  
	3783	  	MSDWCC 2003 HYB1	  	 	115.43	  
	3790	  	ACE 2001-HE1	  	 	(42.92	) 
	3792	  	ACE 2002-HE2	  	 	6.57	  
	3812	  	MSAC 2006-HE4	  	 	14.04	  
	3822	  	MSAC 2006-NC4	  	 	24.42	  
	3824	  	FFMLT 2005-FFH2	  	 	30.60	  
	3899	  	MORGAN STANLEY	  	 	27.53	  
	3909	  	WAMU/PNC	  	 	13.21	  
	3910	  	FRANKLIN TEMPLETON	  	 	41.30	  
	3912	  	FIFTH THIRD BANK	  	 	2.39	  
	4211	  	HarborView Mortgage Loan Trust 2007-5	  	 	40.83	  
	4117	  	ARSI 2004-W11	  	 	35.24	  
	4405	  	Soundview 2007-OPT4	  	 	61.06	  
	4135	  	ARSI 2006-W2	  	 	35.47	  

 SCHEDULE VI 
 AMORTIZATION PERCENTAGE 
  

					
	 Month3
	  	Percentage	 
	 1
	  	 	100.00	% 
	 2
	  	 	98.80	% 
	 3
	  	 	97.60	% 
	 4
	  	 	96.40	% 
	 5
	  	 	95.30	% 
	 6
	  	 	94.10	% 
	 7
	  	 	93.00	% 
	 8
	  	 	91.90	% 
	 9
	  	 	90.80	% 
	 10
	  	 	89.70	% 
	 11
	  	 	88.60	% 
	 12
	  	 	87.60	% 
	 13
	  	 	86.50	% 
	 14
	  	 	85.50	% 
	 15
	  	 	84.40	% 
	 16
	  	 	83.40	% 
	 17
	  	 	82.40	% 
	 18
	  	 	81.40	% 
	 19
	  	 	80.40	% 
	 20
	  	 	79.50	% 
	 21
	  	 	78.50	% 
	 22
	  	 	77.60	% 
	 23
	  	 	76.70	% 
	 24
	  	 	75.70	% 
	 25
	  	 	74.80	% 
	 26
	  	 	73.90	% 
	 27
	  	 	73.00	% 
	 28
	  	 	72.20	% 
	 29
	  	 	71.30	% 
	 30
	  	 	70.40	% 
	 31
	  	 	69.60	% 
	 32
	  	 	68.80	% 
	 33
	  	 	67.90	% 

 

	3 	Starting with May 2013. 

					
	 34
	  	 	67.10	% 
	 35
	  	 	66.30	% 
	 36
	  	 	65.50	% 
	 37
	  	 	64.70	% 
	 38
	  	 	63.90	% 
	 39
	  	 	63.20	% 
	 40
	  	 	62.40	% 
	 41
	  	 	61.70	% 
	 42
	  	 	60.90	% 
	 43
	  	 	60.20	% 
	 44
	  	 	59.50	% 
	 45
	  	 	58.80	% 
	 46
	  	 	58.10	% 
	 47
	  	 	57.40	% 
	 48
	  	 	56.70	% 
	 49
	  	 	56.00	% 
	 50
	  	 	55.30	% 
	 51
	  	 	54.60	% 
	 52
	  	 	54.00	% 
	 53
	  	 	53.30	% 
	 54
	  	 	52.70	% 
	 55
	  	 	52.10	% 
	 56
	  	 	51.40	% 
	 57
	  	 	50.80	% 
	 58
	  	 	50.20	% 
	 59
	  	 	49.60	% 
	 60
	  	 	49.00	% 
	 61
	  	 	48.40	% 
	 62
	  	 	47.80	% 
	 63
	  	 	47.30	% 
	 64
	  	 	46.70	% 
	 65
	  	 	46.10	% 
	 66
	  	 	45.60	% 
	 67
	  	 	45.00	% 
	 68
	  	 	44.50	% 
	 69
	  	 	44.00	% 
	 70
	  	 	43.40	% 
	 71
	  	 	42.90	% 
	 72
	  	 	42.40	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]