Document:

EX-10.42.3

 Exhibit 10.42.3 

AMENDMENT No. 2 TO CREDIT AGREEMENT 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Agreement”), dated as of March 14, 2013, to that certain Credit Agreement, dated as of November 28, 2012 (as amended by that
certain Amendment No. 1, Incremental Amendment and Joinder Agreement, dated as of January 31, 2013, and as further amended, supplemented or otherwise modified through the date hereof, the “Credit Agreement”) among
WALTER INVESTMENT MANAGEMENT CORP., a Maryland corporation (the “Borrower”), the lenders from time to time party thereto and CREDIT SUISSE AG, as administrative agent (in such capacity, the “Administrative
Agent”) and collateral agent. 
 RECITALS: 

WHEREAS, Section 9.08 of the Credit Agreement permits the Credit Agreement to be amended from time to time by the Borrower and the
Required Lenders; and 
 WHEREAS, the Borrower, the Administrative Agent and the Lenders identified on the signature pages
hereto which collectively constitute the Required Lenders have agreed to amend certain provisions of the Credit Agreement, subject to the terms and conditions set forth herein. 

NOW, THEREFORE, the parties hereto agree as follows: 
 Section 1. Defined Terms. Unless otherwise specifically defined herein, each term used herein (including in the recitals above) that is defined in the Credit Agreement has the meaning assigned
to such term in the Credit Agreement. 
 Section 2. Amendments to Credit Agreement. 

(a) The definition of “Adjusted Consolidated Net Income” in Section 1.01 of the Credit Agreement is hereby amended by:

 (i) deleting the word “and” at the end of clause (a)(iii) thereof; and 

(ii) adding two new clauses (a)(v) and (a)(vi) thereto as follows: 

“(v) the amount of all cash received during such period from the initial or tail issuance of reverse mortgage securities (HMBS) less
any cash payments made during such period to originate, acquire or fund the related loans and subsequent additions to such loans to the extent not included in Consolidated Net Income for such period; and 

(vi) any cash received for servicing of reverse mortgages to the extent not included in Consolidated Net Income for such period.”

 (b) The definition of “Consolidated EBITDA” in Section 1.01 of the Credit Agreement is hereby amended by:

 (i) adding the words “and gains referred to in clauses (b)(xvi) and (b)(xvii) below” at the end of the first
parenthetical in paragraph (b) thereof; 

 (ii) deleting the word “and” at the end of clause (b)(xiv) thereof, renumbering
the last existing clause in paragraph (b) as clause (xv) and replacing the full stop at the end of such clause with a comma; and 
 (iii) adding two new clauses (b)(xvi) and (b)(xvii) thereto as follows: 

“(xvi) the amount of all cash received during such period from the initial or tail issuance of reverse mortgage securities (HMBS)
less any cash payments made during such period to originate, acquire or fund the related loans and subsequent additions to such loans to the extent not included in Consolidated Net Income for such period, and 

(xvii) any cash received for servicing of reverse mortgages to the extent not included in Consolidated Net Income for such period.”

 Section 3. Conditions. This Agreement shall become effective as of the first date (the “Effective
Date”) when each of the following conditions shall have been satisfied: 
 (i) the Administrative Agent
shall have received from the Borrower, Lenders which together constitute the Required Lenders and the Administrative Agent an executed counterpart hereof or other written confirmation (in form satisfactory to the Administrative Agent) that such
party has signed a counterpart hereof; and 
 (ii) the Borrower shall have paid a consent fee (the
“Consent Fee”) to the Administrative Agent, for the ratable account of the Applicable Lenders (as defined below), equal to (i) 0.025% of the aggregate outstanding principal amount of the Loans of the Applicable Lenders, plus
(ii) 0.025% of the aggregate amount of the unused Revolving Credit Commitments of the Applicable Lenders. “Applicable Lender” shall mean each Lender that has delivered an executed counterpart of this Amendment prior to 5:00
p.m., New York City time, on March 13, 2013 or such later date and time specified by the Borrower and notified in writing to the Lenders by the Administrative Agent. 
 Section 4. Representations of the Borrower. The Borrower represents and warrants that: 
 (a) each of the representations and warranties made by any Credit Party in or pursuant to the Credit Documents is true and correct in all material respects on and as of the Effective Date (except to the
extent such representations and warranties are specifically made as of an earlier date, in which case such representations and warranties were true and correct in all material respects as of such date); and 

(b) no Default or Event of Default has occurred and is continuing on and as of the Effective Date. 

Section 5. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York. 
 Section 6. Effect of This Agreement. Except as expressly set forth herein, this Agreement shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of any Lender or Administrative Agent under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any
way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing

  
 2 

 
herein shall be deemed to entitle any Credit Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other Credit Document in similar or different circumstances. 
 Section 7.
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

Section 8. Miscellaneous. This Agreement shall constitute a Credit Document for all purposes of the Credit Agreement. In
accordance with Section 9.05 of the Credit Agreement, the Borrower agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses in connection with this Agreement, including the reasonable and documented
fees, charges and disbursements of counsel for the Administrative Agent. 
 [remainder of page intentionally left blank]

  
 3 

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

					
	WALTER INVESTMENT MANAGEMENT CORP., as Borrower
		
	By:	 	  

		 	Name:	 	Cheryl A. Collins
		 	Title:	 	Senior Vice President and Treasurer

 [Amendment No. 2 to Credit Agreement – Signature Page] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 [Amendment No. 2 to Credit Agreement – Signature Page] 

 
	
	 [LENDER SIGNATURE PAGES ON
 FILE WITH ADMINISTRATIVE AGENT]

 [Amendment No. 2 to Credit Agreement – Signature Page]EX-10.43

 EXHIBIT 10.43 
 EXECUTION COPY 
 MORTGAGE SERVICING RIGHTS PURCHASE AND SALE AGREEMENT

 BANK OF AMERICA, NATIONAL ASSOCIATION 
 (Seller) 
 GREEN TREE SERVICING LLC 

(Purchaser) 
 Dated and effective as of January 6, 2013 

 TABLE OF CONTENTS 

 

							
		
	ARTICLE I DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES	  	 	1	  
			
	 Section 1.01
	 	Definitions	  	 	1	  
	 Section 1.02
	 	General Interpretive Principles	  	 	9	  
		
	ARTICLE II SALE AND TRANSFER OF SERVICING	  	 	9	  
			
	 Section 2.01
	 	Items to be Sold	  	 	9	  
	 Section 2.02
	 	Sale Date	  	 	10	  
	 Section 2.03
	 	Servicing Transfer Dates	  	 	10	  
	 Section 2.04
	 	Servicing Transfer Instructions	  	 	11	  
		
	ARTICLE III CONSIDERATION	  	 	11	  
			
	 Section 3.01
	 	Purchase Price	  	 	11	  
	 Section 3.02
	 	Servicing Transfer Dates and Payments for Advances	  	 	12	  
	 Section 3.03
	 	Correction of Errors	  	 	14	  
		
	ARTICLE IV REPRESENTATIONS AND WARRANTIES AS TO SELLER	  	 	14	  
			
	 Section 4.01
	 	Due Organization and Good Standing	  	 	14	  
	 Section 4.02
	 	Authority and Capacity	  	 	15	  
	 Section 4.03
	 	Title to the Purchased Assets	  	 	15	  
	 Section 4.04
	 	Effective Agreements	  	 	15	  
	 Section 4.05
	 	Membership and Standing	  	 	15	  
	 Section 4.06
	 	Consents, Approvals and Compliance	  	 	16	  
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES AS TO PURCHASED ASSETS	  	 	16	  
			
	 Section 5.01
	 	Servicing	  	 	16	  
	 Section 5.02
	 	Recourse Status	  	 	18	  
	 Section 5.03
	 	Advances	  	 	18	  
	 Section 5.04
	 	Accuracy of Information	  	 	18	  
	 Section 5.05
	 	Delivery of Information	  	 	18	  
	 Section 5.06
	 	Repurchase	  	 	19	  
	 Section 5.07
	 	Servicing Fee Not Sold	  	 	19	  
	 Section 5.08
	 	Damage, Condemnation, and Related Matters	  	 	19	  
	 Section 5.09
	 	No Purchaser Responsibility	  	 	19	  
	 Section 5.10
	 	Related Escrow and Custodial Accounts	  	 	19	  
	 Section 5.11
	 	High Cost Loans	  	 	19	  
	 Section 5.12
	 	Sole Purpose of Article V Representations and Warranties	  	 	19	  
		
	ARTICLE VI REPRESENTATIONS AND WARRANTIES OF PURCHASER	  	 	20	  
			
	 Section 6.01
	 	Due Organization and Good Standing	  	 	20	  
	 Section 6.02
	 	Authority and Capacity	  	 	20	  
	 Section 6.03
	 	Effective Agreements	  	 	21	  
	 Section 6.04
	 	Sophisticated Purchaser	  	 	21	  
	 Section 6.05
	 	Purchaser/Servicer Standing	  	 	21	  
	 Section 6.06
	 	MERS Membership	  	 	21	  

  
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	 Section 6.07
	 	Financial Ability	  	 	21	  
	 Section 6.08
	 	No Regulatory Impediment	  	 	22	  
	 Section 6.09
	 	Consents, Approvals and Compliance	  	 	22	  
		
	ARTICLE VII COVENANTS	  	 	22	  
			
	 Section 7.01
	 	Assignments	  	 	22	  
	 Section 7.02
	 	Servicing Agreement Consent and Notices	  	 	23	  
	 Section 7.03
	 	Transfer Notices	  	 	23	  
	 Section 7.04
	 	Real Estate Taxing Authorities	  	 	24	  
	 Section 7.05
	 	Hazard, Mortgage and Flood	  	 	25	  
	 Section 7.06
	 	Delivery of Mortgage Loan Documentation and Information	  	 	25	  
	 Section 7.07
	 	Delivery of Servicing System Information	  	 	26	  
	 Section 7.08
	 	Related Escrow Account Balances	  	 	26	  
	 Section 7.09
	 	Payoffs, Assumptions, Modifications, Refinancings; Short Sales and Deeds in Lieu	  	 	27	  
	 Section 7.10
	 	Mortgage Loan Payments and Trailing Bills Received After Servicing Transfer Date	  	 	27	  
	 Section 7.11
	 	Misapplied and Returned Payments	  	 	28	  
	 Section 7.12
	 	Servicing Obligations	  	 	28	  
	 Section 7.13
	 	Solicitation Rights	  	 	30	  
	 Section 7.14
	 	Year End Tax Reporting	  	 	31	  
	 Section 7.15
	 	Cooperation	  	 	31	  
	 Section 7.16
	 	Supplemental Information	  	 	31	  
	 Section 7.17
	 	Access to Information; Required Actions	  	 	31	  
	 Section 7.18
	 	Tax, Flood and Other Set Up Costs	  	 	33	  
	 Section 7.19
	 	Document Custodian	  	 	33	  
	 Section 7.20
	 	Use of Name	  	 	34	  
	 Section 7.21
	 	Conduct of Business Prior to the Closing	  	 	34	  
	 Section 7.22
	 	No Transfer Without Consent	  	 	34	  
	 Section 7.23
	 	Use of Vendors	  	 	35	  
	 Section 7.24
	 	Cooperation with Financing Efforts	  	 	35	  
	 Section 7.25
	 	Excess Yield	  	 	35	  
	 Section 7.26
	 	Subsequent Transfer of Mortgage Servicing Rights	  	 	35	  
	 Section 7.27
	 	Joint Marketing Agreement	  	 	35	  
	 Section 7.28
	 	Compensatory Fee Payment	  	 	36	  
		
	ARTICLE VIII CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER	  	 	36	  
			
	 Section 8.01
	 	Correctness of Representations and Warranties	  	 	36	  
	 Section 8.02
	 	Compliance with Conditions	  	 	36	  
	 Section 8.03
	 	No Actions	  	 	37	  
	 Section 8.04
	 	Consents	  	 	37	  
	 Section 8.05
	 	Tri-Party Agreement	  	 	37	  
	 Section 8.06
	 	Certificate of Seller	  	 	37	  
	 Section 8.07
	 	Delivery of Documents; Advance Financing	  	 	37	  
		
	ARTICLE IX CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER	  	 	37	  
			
	 Section 9.01
	 	Correctness of Representations and Warranties	  	 	37	  
	 Section 9.02
	 	Compliance with Conditions	  	 	37	  

  
 ii 

							
	 Section 9.03
	 	Corporate Resolution	  	 	38	  
	 Section 9.04
	 	Certificate of Purchaser	  	 	38	  
	 Section 9.05
	 	No Actions	  	 	38	  
	 Section 9.06
	 	Delivery of Documents	  	 	38	  
		
	ARTICLE X TERMINATION	  	 	38	  
			
	 Section 10.01
	 	Termination	  	 	38	  
	 Section 10.02
	 	Effect of Termination	  	 	39	  
		
	ARTICLE XI INDEMNIFICATION; CURE OR REPURCHASE	  	 	40	  
			
	 Section 11.01
	 	Indemnification by Seller	  	 	40	  
	 Section 11.02
	 	Indemnification by Purchaser	  	 	41	  
	 Section 11.03
	 	Cure or Repurchase	  	 	42	  
	 Section 11.04
	 	Subsequent Transfer Due to Repurchase	  	 	42	  
	 Section 11.05
	 	Other Indemnification Provisions	  	 	43	  
	 Section 11.06
	 	Limitations on Indemnification	  	 	44	  
	 Section 11.07
	 	Survival	  	 	44	  
	 Section 11.08
	 	Treatment of Indemnity Payments	  	 	45	  
		
	ARTICLE XII MISCELLANEOUS	  	 	45	  
			
	 Section 12.01
	 	Costs and Expenses	  	 	45	  
	 Section 12.02
	 	Confidentiality	  	 	46	  
	 Section 12.03
	 	Broker’s Fees	  	 	47	  
	 Section 12.04
	 	Notices	  	 	47	  
	 Section 12.05
	 	Waivers	  	 	48	  
	 Section 12.06
	 	Entire Agreement; Amendment	  	 	48	  
	 Section 12.07
	 	Binding Effect	  	 	48	  
	 Section 12.08
	 	Headings	  	 	48	  
	 Section 12.09
	 	Applicable Law	  	 	48	  
	 Section 12.10
	 	Dispute Resolution	  	 	49	  
	 Section 12.11
	 	Incorporation of Exhibits and Schedules	  	 	50	  
	 Section 12.12
	 	Counterparts	  	 	50	  
	 Section 12.13
	 	Severability of Provisions	  	 	50	  
	 Section 12.14
	 	Public Announcement	  	 	50	  
	 Section 12.15
	 	Assignment	  	 	51	  
	 Section 12.16
	 	Conflicts between Transaction Documents	  	 	51	  
	 Section 12.17
	 	No Third-Party Beneficiaries	  	 	51	  
	 Section 12.18
	 	Disclosures	  	 	51	  

  

			
	EXHIBIT A:	  	CONTENTS OF MORTGAGE LOAN SCHEDULE
		
	EXHIBIT A-1:	  	ESTIMATED PURCHASE PRICE COMPUTATION WORKSHEET

  
 iii

			
	EXHIBIT A-2:	  	PURCHASE PRICE COMPUTATION WORKSHEET
		
	EXHIBIT A-3:	  	DEPOSIT CALCULATION
		
	EXHIBIT B:	  	FORM OF TRANSFER CONFIRMATION
		
	EXHIBIT C:	  	DATA TRANSFER SPECIFICATIONS
		
	EXHIBIT D:	  	OFFICER’S CERTIFICATE
		
	EXHIBIT E:	  	SERVICING TRANSFER INSTRUCTIONS
		
	EXHIBIT F:	  	PURCHASE PRICE PERCENTAGE
		
	EXHIBIT G:	  	INTERIM SERVICING ADDENDUM
		
	EXHIBIT H:	  	DATA FIELDS FOR SHARING OF INFORMATION
		
	EXHIBIT I:	  	MORTGAGE ASSIGNMENT PROTOCOL
		
	EXHIBIT J:	  	FORM OF POWER OF ATTORNEY
		
	EXHIBIT K:	  	ESCROW AGREEMENT
		
	EXHIBIT L:	  	MI COVENANTS
		
	SCHEDULE 3.02(a):	  	Servicing Transfer Dates

  
 iv 

 MORTGAGE SERVICING RIGHTS PURCHASE AND SALE AGREEMENT 

This Mortgage Servicing Rights Purchase and Sale Agreement (the “Agreement”), dated as of January 6, 2013, is by and
between GREEN TREE SERVICING LLC, a Delaware limited liability company (the “Purchaser”), with offices located at 345 St. Peter Street, 1100 Landmark Towers, St. Paul, Minnesota 55102, and BANK OF AMERICA, NATIONAL ASSOCIATION, a national
banking association (the “Seller”), with offices located in 4500 Park Granada, Calabasas, California, 91302 (the Purchaser and the Seller may collectively be referred to as the “Parties,” and each as a “Party”).

 W I T N E S S E T H: 
 WHEREAS, Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, certain Mortgage Servicing Rights to certain residential mortgage loans currently serviced by Seller;
and 
 WHEREAS, Purchaser and Seller desire to set forth the terms and conditions pursuant to which Seller will sell,
transfer and assign, to Purchaser, all of Seller’s right, title and interest in and to such Mortgage Servicing Rights, and Purchaser will purchase and assume all right, title and interest in and to those certain Mortgage Servicing Rights
identified herein as related to the Mortgage Loans. 
 NOW, THEREFORE, in consideration of the mutual promises, covenants
and conditions and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and upon the terms and subject to the conditions set forth herein, the Parties hereto agree as follows: 

ARTICLE I 

DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES 

 

	 	Section 1.01	Definitions. 

Whenever used herein, the following words and phrases, unless the context otherwise requires, shall have the following meanings:

 Advances: All Corporate Advances, P & I Advances and T & I Advances, including any applicable receivables
associated therewith. 
 Affiliate: Any individual, partnership, corporation, entity or other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by or is under common control with the Person specified. 

Agency: FNMA. 
 Agreement: As defined in the first paragraph hereof. 

  
 1 

 Ancillary Income: All fees and income derived from and related to the Mortgage Loans,
excluding Servicing Fees attributable to the Mortgage Loans, but including and not limited to late charges, prepayment penalties, fees received with respect to checks or bank drafts returned by the related bank for non-sufficient funds, assumption
fees, optional insurance administrative fees, income on escrow accounts and custodial accounts or other receipts on or with respect to such Mortgage Loans, and all other incidental fees, income and charges collected from or assessed against the
Mortgagor, other than those charges payable to the Investor under the terms of the Servicing Agreement or as otherwise agreed by the Parties. 
 Applicable Requirements: As of the time of reference and as applicable, (i) the terms of the Mortgage Loan Documents, with respect to each Mortgage Loan, (ii) all federal, state and local
laws, rules, regulations and ordinances applicable to the origination, sale, pooling or servicing of any Mortgage Loan or Mortgage Servicing Right at the relevant time, (iii) the Servicing Agreement, (iv) the judicial and administrative
judgments, orders, remediation plans, stipulations, awards, writs and injunctions applicable to any Mortgage Loan or Mortgage Servicing Right, and (v) all legal and contractual obligations to or with any Insurer, Investor, or Governmental
Entity applicable to any Mortgage Loan or Mortgage Servicing Right. 
 Arbitrator: The meaning specified in
Section 12.10(a) hereof. 
 Assignment of Mortgage: An assignment of Mortgage, notice of transfer or equivalent
instrument in recordable form, sufficient under the laws of the jurisdiction where the related Mortgaged Property is located to reflect the transfer of the Mortgage instrument identified therein from the transferor to the transferee named therein.

 Business Day: Any day other than (a) a Saturday or Sunday, or (b) a day on which banking institutions in
California, Texas, Minnesota or New York are authorized or obligated by law or by executive order to be closed. 
 Collateral
File: With respect to each Mortgage Loan, that file containing the Mortgage Loan Documents or, as permitted by Applicable Requirements, copies thereof, required by the Investor pursuant to Applicable Requirements to be held by the
Custodian, but excluding any Mortgage Loan Document that is not required by such Investor pursuant to Applicable Requirements to be held by the Custodian pursuant to a waiver granted to Seller. 

Corporate Advances: Advances related to a delinquent Mortgage Loan expended by Seller in accordance with the Servicing Agreement
(other than P & I Advances and T & I Advances), including attorney fees and costs, property preservation, property inspection, and valuation fees, as well as other default related expenses. 

Credit and Servicing File: Those documents, which may be originals, copies or electronically imaged, pertaining to each Mortgage
Loan, which are delivered to the Purchaser in connection with the servicing of the Mortgage Loan, and which will include originals or copies of the Mortgage Loan Documents and all credit and servicing related documentation relating to the
origination and servicing of such Mortgage Loan necessary to service the Mortgage Loan in accordance with the Applicable Requirements. 
 Custodian: With respect to any Mortgage Loans and the Servicing Agreement, each applicable document custodian for Seller, Purchaser and the Investor. 

  
 2 

 Custodial Accounts: The accounts in which Custodial Funds are deposited and held by
or for any servicer. 
 Custodial Agreement: A custodial agreement, to be dated on or before the initial Servicing
Transfer Date, by and between Purchaser and the Custodian. 
 Custodial Funds: All funds held by or for Seller with
respect to the Mortgage Loans, including all principal and interest funds and any other funds due the Investor, buydown funds, funds for the payment of taxes, assessments, insurance premiums, ground rents and similar charges, funds from hazard
insurance loss drafts and other mortgage escrow and impound amounts (including interest accrued thereon for the benefit of the Mortgagors under the Mortgage Loans, if required by law or contract) maintained by Seller relating to the Mortgage Loans.

 Cutoff Date: The meaning set forth in the Servicing Agreement. 

Deposit: An amount set forth on Exhibit A-3 hereto. 

Effective Date: The date as of which this Agreement is effective, as first set forth above. 

Escrow Agent: Wilmington Trust, N.A. 
 Escrow Agreement: The escrow agreement, dated as of the date hereof, by and between Seller, Purchaser and the Escrow Agent, which is set forth as Exhibit K hereto. 

Estimated Purchase Price: As described in Section 3.01 and the Estimated Purchase Price Computation Worksheet (Exhibit

A-1). 
 Excess Servicing Rights Agreements: Each agreement executed by FNMA, as the Investor, and Seller in
connection with the delivery of certain stripped mortgage-backed securities to Seller in exchange for Seller’s “excess yield” on certain Mortgage Loans previously delivered by Seller to FNMA. 

Federal Funds Rate: For any date of determination, the federal funds rate as reported in the Federal Reserve H.15(519) Statistical
Release as of the first Business Day of the month in which such date of determination falls, or if such Statistical Release is no longer published, the average of the “high” and the “low” interest rate for reserves traded among
commercial banks for overnight use in amounts of one million dollars ($1,000,000.00) or more, as reported by The Wall Street Journal under “Federal Funds” rates as of the first Business Day of the month in which such date of determination
falls. 
 FNMA: The Federal National Mortgage Association or any successor thereto. 

Fundamental Reps: (a) With respect to Seller, Sections 4.01 (Due Organization and Good Standing), 4.02 (Authority and
Capacity), 4.03 (Title to the Purchased Assets), 5.01(b)(i) and (iii) (Servicing Rights),and (b) with respect to Purchaser, Sections 6.01 (Due Organization and Good Standing) and 6.02 (Authority and Capacity). 

GLBA: The Gramm-Leach-Bliley Act of 1999, as amended. 

  
 3 

 Governmental Entity: Any federal, state or local governmental authority, agency,
commission or court or self-regulatory authority or commission, including any Agency and the Regulator. 
 Guides: The
FNMA Sellers’ and Servicers’ Guides. 
 HAMP: The Home Affordable Modification Program as administered by FNMA
as agent for the U.S. Department of Treasury. 
 HARP: The Home Affordable Refinancing Program of FNMA. 

Insurer: (i) A Person who insures or guarantees all or any portion of the risk of loss on any Mortgage Loan through MI,
hazard insurance, flood insurance, earthquake insurance or title insurance with respect to any Mortgage Loan or Mortgaged Property, as the case may be, including any Governmental Entity or (ii) a Person who provides, with respect to the
Servicing Agreement or any Applicable Requirement, any fidelity bond, direct surety bond, letter of credit, other credit enhancement instrument or errors and omissions policy. 
 Interim Servicing Addendum: The servicing provisions setting forth the servicing obligations of the Seller contemplated by this Agreement, and the compensation to be paid by the Purchaser, for the
period beginning on the Sale Date and ending on the final Servicing Transfer Date, which provisions are attached hereto as Exhibit G and incorporated into this Agreement. 

Investor: FNMA. 
 Loss or Losses: Any and all direct, actual and out-of-pocket losses, damages, deficiencies, claims, costs, penalties or expenses, including reasonable attorneys’ fees and disbursements,
excluding (i) any amounts attributable to or arising from overhead allocations, general or administrative costs and expenses, or any cost for the time of any Party’s employees, (ii) consequential losses or damages consisting of
speculative lost profits, lost investment or business opportunity, damage to reputation or operating losses, (iii) punitive or treble damages; (iv) ordinary deductions from the calculation of insurance or guaranty benefits by an Insurer
assuming the servicer complied with Applicable Requirements, and (v) prepayment interest shortfalls payable to securities holders for the accrual on interest on mortgage-backed securities in excess of the amount payable by the Mortgagor upon
the full prepayment of a Mortgage Loan; provided, however, that the exclusions set forth in clauses (ii) and (iii) above do not apply if and to the extent any such amounts are actually incurred in payment to a third party or government
entity. 
 MERS: Mortgage Electronic Registration Systems, Inc., or any successor thereto. 

MI: The default insurance provided by private mortgage insurance companies on certain Mortgage Loans, whether lender-paid or
borrower-paid. 
 Mortgage: The mortgage, mortgage deed, deed of trust or other instrument creating a first lien or first
priority ownership interest on an unsubordinated estate in fee simple in real property securing the Mortgage Note and related to a Mortgage Loan; except that with respect to real property located in jurisdictions in which the use of leasehold
estates for residential properties is a widely-accepted practice, the mortgage, deed of trust or other instrument securing the Mortgage Note may secure and create a first lien upon a leasehold estate of the Mortgagor, as the case may be, including
any riders, addenda, assumption agreements or modifications relating thereto. 

  
 4 

 Mortgage Loan: Each of those mortgage loans described in the Mortgage Loan Schedule,
as the same may be amended and updated pursuant to Section 2.01 hereof. 
 Mortgage Loan Documents: With
respect to each Mortgage Loan, (i) the original Mortgage Loan documents held by the Custodian, including the Mortgage Note, and if applicable, cooperative mortgage loan related documents and a power of attorney, a New York Consolidation,
Extension and Modification Agreement, or other modification documents; and (ii) all documents required by the Investor to be held by the Custodian under the Applicable Requirements. 

Mortgage Loan Schedule: The schedule of the Mortgage Loans setting forth the information with respect to each Mortgage Loan
identified in Exhibit A, as may be updated and amended, and which will be delivered in electronic form. There will be a preliminary and a final Mortgage Loan Schedule. 
 Mortgage Note: With respect to any Mortgage Loan, the note or other evidence of indebtedness of the Mortgagor thereunder, including, if applicable, allonges and lost note affidavits. 

Mortgage Servicing Rights: The rights and responsibilities with respect to servicing the Mortgage Loans under the Servicing
Agreement, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive Servicing Fees and Ancillary Income; (c) the right to collect, hold and
disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Requirements; (d) all
accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit and Servicing Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective
servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in
and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing. 
 Mortgaged Property: Any real or other property permitted by Applicable Requirements securing repayment of a related Mortgage Note, consisting of a fee simple interest in a single parcel of real
property, improved by a residential dwelling, or other property permitted by Applicable Requirements. 
 Mortgagor: An
obligor or co-signer under a Mortgage Loan and his/her successors in title to the Mortgaged Property. 
 Net Interest:
Interest calculated at the annual rate of interest on a Mortgage Loan less Net Servicing Fees. 
 Net Servicing Fees: The
base, monthly Servicing Fees based on a percentage of the outstanding principal balance of the Mortgage Loans payable to Seller prior to the Sale Date, less (i) any guarantee fees due to the Investor, less (ii) lender-paid mortgage
insurance, (iii) any other components of the Servicing Fees that Seller is not entitled to retain as compensation pursuant to a Servicing Agreement, and (iv) the portion of any Servicing Fee that has been converted to excess yield and is
required to be paid to the Investor pursuant to the Excess Servicing Rights Agreements. 

  
 5 

 NMS: The Consent Judgment with accompanying exhibits entered by the United
States District Court for the District of Columbia on April 5, 2012 (in the action styled United States of America, et al. v. Bank of America Corp., et al., No. 12-CV-00361, with respect to the settlement agreement among the
plaintiffs in that action and Bank of America Corporation. 
 Offering Materials: That certain Confidential
Offering Memorandum encaptioned “Extremely Confidential – Project Shuttle,” dated as of September 2012, and the associated presentation encaptioned “Project Shuttle – Portfolio Stratification,”
dated as of September 2012, in each case delivered on behalf of Seller by Merrill Lynch, Pierce, Fenner & Smith Incorporated. 
 P & I Advances: Principal and Net Interest advances expended by Seller in accordance with each applicable Servicing Agreement (net of prepaid principal and interest, as applicable). 

Party/Parties: The meaning specified in the first paragraph of this Agreement. 

Person: Any individual, partnership, corporation, limited liability company, business entity, banking entity, joint stock company,
trust, unincorporated organization, joint venture or other entity. 
 Purchase Price: As adjusted pursuant to
Section 3.01(a), the product of the unpaid principal balance of the Mortgage Loans as to which the related Mortgage Servicing Rights are sold on the Sale Date, multiplied by the Purchase Price Percentage. 

Purchase Price Percentage: The percentage determined and adjusted in accordance with Exhibit F hereto. 

Purchased Assets: The meaning specified in Section 2.01 hereof. 

Purchaser: Green Tree Servicing LLC, its successors and permitted assigns. 

Purchaser Material Adverse Effect: A material and adverse effect upon the ability of Purchaser to consummate the Transactions or
perform its obligations under the Transaction Documents. 
 Recourse: Any arrangement pursuant to which the servicer or
any successor servicer bears the risk of all or any part of the ultimate credit losses (including with respect to any credit enhancements) incurred in connection with a default under, or the foreclosure of, acceptance of deed in lieu of foreclosure
or related action in connection with, a Mortgage Loan, except that Recourse does not include losses in connection with a failure by the servicer or any successor servicer to comply with Applicable Requirements. Recourse shall not include
(i) Seller’s or an Affiliate’s retained contingent liability to repurchase a Mortgage Loan that is determined to have been ineligible for sale to the Investor due to a breach of one or more representations and warranties,
(ii) servicer’s P & I Advance obligations pursuant to Servicing Agreement, or (iii) servicer’s obligations to pay expenses, interest and other deductions in excess of the reimbursement limits, if any, set forth in the
Applicable Requirements. 
 Regulator: The Office of the Comptroller of the Currency or any successor thereto or other
Governmental Authority having jurisdiction over Seller or Purchaser. 

  
 6 

 Related Escrow Accounts: Mortgage Loan escrow/impound accounts maintained by Seller
relating to the Mortgage Servicing Rights, including accounts for buydown funds, real estate taxes and MI, flood and hazard insurance premiums. 
 Related Parties: With respect to a Person, such Person’s officers, directors, shareholders, partners, members, owners, employees, agents, attorneys, Affiliates and advisors. 

Repurchase Price: As defined for Seller’s repurchase of Mortgage Servicing Rights in Section 11.03(b). 

Rules: The meaning specified in Section 12.10 hereof. 

Safeguard: The meaning specified in Section 7.23 hereof. 

Sale Date: January 31, 2013, or such other date as may be mutually agreed to in writing by Seller and Purchaser, in
each case, assuming that all conditions precedent to Closing have been satisfied in accordance with Article VIII and Article IX. The consummation of certain Transactions on the Sale Date, at such time on the Sale Date as is mutually agreed to by the
Parties, shall be referred to herein as the “Closing”. 
 Seller: Bank of America, National Association,
a national banking association, its successors and assigns. 
 Seller Material Adverse Effect: A material and adverse
effect on (a) the Purchased Assets (taken as a whole) being sold on the Sale Date, (b) the ability of Seller to consummate the Transactions or perform its obligations under the Transaction Documents or (c) the ability of Purchaser to
administer the Mortgage Servicing Rights; provided, that, for purposes of this Agreement, a Seller Material Adverse Effect shall not include any such effect to the extent resulting from (i) changes to the housing or mortgage market or the
mortgage servicing industry generally; (ii) the announcement or disclosure of the Transactions; (iii) general economic, regulatory or political conditions or changes in the United States, including with respect to financial, banking or
securities markets; (iv) military action or acts of terrorism or (v) changes in law or the Applicable Requirements that become effective after the date hereof that Seller is required to adopt in accordance therewith; provided further,
that, in the case of each of clauses (i), (iii) and (v), none of such portion of the Purchased Assets, the ability of Seller to consummate the Transactions or perform its obligations under the Transaction Documents or the ability of Purchaser
to administer the Mortgage Servicing Rights are, or are reasonably likely to be, materially disproportionately affected by such effect as compared to other Persons engaged in the conduct of businesses similar to Seller’s business of Servicing.

 Servicing: The responsibilities with respect to servicing the Mortgage Loans under the Applicable Requirements,
whether performed as a servicer, subservicer or interim servicer. 
 Servicing Agreement Consent: Any consent, approval
or authorization that is required from the Investor pursuant to the terms of the Servicing Agreement in order to assign or otherwise transfer the related Mortgage Servicing Rights to Purchaser pursuant to the terms of this Agreement. 

Services Agreement: The meaning specified in Section 7.23 hereof. 

  
 7 

 Servicing Agreement: The contracts, and all applicable procedures, manuals and
guidelines incorporated therein, defining the rights and obligations of the Investor and servicer, with respect to the Mortgage Servicing Rights, consisting of, as applicable, the contracts and other documents, including the Guides (as each such
contract and other document has been amended from time to time), and including waivers approved by the Investor, and including the Excess Servicing Rights Agreements under which the Seller or the Purchaser, as applicable, is obligated to service the
Mortgage Loans relating to the Mortgage Servicing Rights. 
 Servicing Fees: All compensation payable to Seller under the
applicable Servicing Agreement, including each servicing fee payable based on a percentage of the outstanding principal balance of the Mortgage Loans and any additional incentive compensation payable under HAMP and any payments received in respect
of the foregoing and proceeds thereof. 
 Servicing Transfer Date: Each date on which the Seller ceases to be the interim
servicer in respect of certain Mortgage Loans under the Interim Servicing Addendum and the physical transfer of servicing thereof to Purchaser occurs on the books and records of the Investor. The applicable Servicing Transfer Dates shall be as set
forth on Schedule 3.02(a), or as otherwise mutually agreed upon by the Parties. 
 Servicing Transfer Instructions: The
instructions detailing the procedures pursuant to which Seller shall effect each transfer of the Mortgage Servicing Rights, Advances, Custodial Funds, Credit and Servicing Files and Collateral Files to Purchaser, substantially in the form attached
hereto as Exhibit E, with such changes as the parties may mutually agree upon. 
 Subsequent Transfer Date: The
meaning specified in Section 11.04(c) hereof. 
 T & I Advances: Advances expended by the Seller for the payment
of taxes and insurance amounts due related to the Mortgage Loans, in accordance with the Servicing Agreement. 
 Termination
Date: March 31, 2013. 
 Third Party Claim: The meaning specified in Section 11.01 hereof. 

Threshold: The meaning specified in Section 11.06(a) hereof. 

Trailing Documents: Mortgage Loan Documents that are required by the Investor pursuant to Applicable Requirements to be part of
the Collateral File that, as of the time of reference, are (i) in the custody of counsel in accordance with Applicable Requirements or (ii) have been submitted for recording and have not yet been returned by the applicable recording
office. 
 Transfer Confirmation: A document, substantially in the form of Exhibit B hereto, executed by the
Seller and the Purchaser, which sets forth the Mortgage Servicing Rights transferred to the Purchaser for Servicing on each Servicing Transfer Date. 
 Transaction Documents: The Transfer Confirmations, the Tri-Party Agreement and this Agreement (including, in each case, any and all exhibits, schedules and attachments to any such documents and any
other documents executed or delivered in connection therewith). 
 Transactions: The sale of the Purchased Assets by
Seller to Purchaser and the other transactions contemplated by this Agreement. 

  
 8 

 Tri-Party Agreement: An agreement by and among Seller, Purchaser and FNMA, providing
for (among other things) (a) Seller’s retention of liability and responsibility for Mortgage Loan repurchase and other liabilities, obligations and remedies due to FNMA in connection with the origination, sale and prior servicing of the
Mortgage Loans thereto and (b) the consent of FNMA to the Transactions, as applicable. 
  

	 	Section 1.02	General Interpretive Principles. 

 For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: 
 (a) The terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the
other gender; 
 (b) Accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles; 
 (c) References herein to “Articles”,
“Sections”, “Subsections”, “Paragraphs”, and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement; 

(d) A reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in
the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions; 
 (e) The words “herein”, “hereof”, “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular provision; 

(f) The term “include” or “including” shall mean without limitation by reason of enumeration; and

 (g) Any and all capitalized terms which are not defined herein shall have their respective meanings set forth
in the Servicing Agreement. 
 ARTICLE II 
 SALE AND TRANSFER OF SERVICING 
  

	 	Section 2.01	Items to be Sold. 

Subject to, and upon the terms and conditions of this Agreement, Seller shall, as hereinafter provided, sell, transfer, and deliver to
Purchaser all of Seller’s right, title and interest in and to the Mortgage Servicing Rights, including its right, title and interest in the Custodial Funds, Collateral Files and Credit and Servicing Files (collectively, the “Purchased
Assets”), and Purchaser agrees to purchase such right, title and interest in and to the Purchased Assets. Seller and Purchaser acknowledge and agree that the Mortgage Loan Schedule will be preliminary on the Sale Date, and will not fully
account for Mortgage Loans that either may have been fully pre-paid prior to the Sale Date, or excluded from the transaction as of the Sale Date, as a result of the final application of the purchase criteria. No later than ten (10) Business
Days after the Sale Date, Seller shall complete and provide to Purchaser a final Mortgage Loan Schedule with respect to the Mortgage Servicing Rights sold on the Sale Date. 

  
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	 	Section 2.02	Sale Date. 

 (a) Purchased Assets. Subject to the terms and conditions of this Agreement, including the receipt of the Servicing Agreement Consent, on or before the Sale Date, all legal, beneficial and
equitable ownership of and to the applicable Purchased Assets shall be sold, assigned, transferred, conveyed and delivered by Seller to Purchaser, and Purchaser shall purchase from Seller, all legal, beneficial and equitable ownership of and to such
Purchased Assets, free and clear of all liens; provided, however, that the applicable Servicing Transfer Date may be later than the Sale Date. 
 (b) Deliverables. The following documents shall be exchanged between the Parties (as applicable) on or prior to the Sale Date: 

(i) The duly executed corporate resolutions and certificate of Purchaser required by Sections 9.03 and 9.04; 

(ii) The duly executed certificate of Seller required by Section 8.06; 

(iii) The Servicing Agreement Consent obtained on or prior to the Sale Date; 

(iv) The executed Tri-Party Agreement; and 

(v) Any other documents required by this Agreement or the Tri-Party Agreement. 

 

	 	Section 2.03	Servicing Transfer Dates. 

 On each Servicing Transfer Date: 
 (a) Purchaser shall assume
responsibility for Servicing, and Seller shall cease all Servicing activity related to the Mortgage Loans transferred on such Servicing Transfer Date; 
 (b) Seller shall provide Purchaser with an executed Power of Attorney in the form attached hereto as Exhibit J to be used by Purchaser as necessary for Purchaser to service the applicable Mortgage
Loans subject to the Servicing Agreement in accordance with Applicable Requirements, if previously provided Powers of Attorney are not sufficient for such purposes; and 

(c) Purchaser and Seller shall execute a Transfer Confirmation with respect to the Servicing of the Mortgage Servicing
Rights transferred on such Servicing Transfer Date. 

  
 10 

	 	Section 2.04	Servicing Transfer Instructions. 

 In connection with each transfer of the Mortgage Servicing Rights from Seller to Purchaser pursuant to this Agreement, Seller and Purchaser shall follow the Servicing Transfer Instructions and the
Servicing Agreement in all material respects. In any instance in which the Servicing Transfer Instructions conflict with the terms of this Agreement, this Agreement shall control. 

ARTICLE III 
 CONSIDERATION 
  

	 	Section 3.01	Purchase Price. 

 (a) On the first Business Day following the Effective Date, Purchaser shall pay to the Escrow Agent the Deposit, as an earnest money deposit of a portion of the estimated Purchase Price for all of the
Mortgage Servicing Rights intended to be sold hereunder, by wire transfer of immediately available funds, which shall be held by the Escrow Agent in accordance with the Escrow Agreement. 

(b) In full consideration for the sale of the Mortgage Servicing Rights to be sold pursuant to Section 2.02(a)(i) and
subject to the terms and conditions of this Agreement, Purchaser shall pay to the Seller the Purchase Price in accordance with this Section 3.01, as follows: 

(i) On the Sale Date, Purchaser shall pay to Seller a sum equal to fifty percent (50%) of the Estimated Purchase
Price (which shall be calculated in accordance with Section 3.01(c)), net of the Deposit, on the Sale Date immediately following the Closing by wire transfer of immediately available federal funds, to an account designated by Seller, and Seller
and Purchaser shall promptly cause the Escrow Agent to release the Deposit to Seller as soon as practicable thereafter. 
 (ii) On the applicable Servicing Transfer Date, Purchaser shall pay to the Seller a sum equal to the portion of the Purchase Price with respect to the Mortgage Servicing Rights transferred on such
Servicing Transfer Date that has not been paid to Seller by Purchaser as of such date, including with respect to Mortgage Loans that have prepaid between either (x) the Sale Date and the initial Servicing Transfer Date or (y) two Servicing
Transfer Dates, plus interest thereon at the Federal Funds Rate for the period from the Sale Date to such initial Servicing Transfer Date and between Servicing Transfer Dates by wire transfer of immediately available federal funds, to an account
designated by Seller. 
 (c) No later than three (3) Business Days prior to the Sale Date, Seller shall
complete and provide to Purchaser, the (i) the preliminary Mortgage Loan Schedule and (ii) the Estimated Purchase Price Computation Worksheet setting forth the Estimated Purchase Price, in the form of Exhibit A-1 and based on
information regarding the Mortgage Loans as of the previous month-end trial balance that is included in the preliminary Mortgage Loan Schedule. 

  
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 (d) No later than ten (10) Business Days after the Sale Date, Seller
shall complete and provide to Purchaser, the (i) final Mortgage Loan Schedule and (ii) the Purchase Price Computation Worksheet setting forth Seller’s computation of the Purchase Price, in the form of Exhibit A-2 and based on
information regarding the Mortgage Loans as of the Sale Date that is included in the final Mortgage Loan Schedule. Within five (5) Business Days after delivery to the Purchaser of the Purchase Price Computation Worksheet, (A) the Seller
shall pay to Purchaser (x) the amount, if any, by which fifty percent (50%) of the Estimated Purchase Price exceeds fifty percent (50%) of the Purchase Price, plus (y) interest on the applicable amount computed pursuant to clause
(A)(x) above at the Federal Funds Rate for the period from the Sale Date to the date of payment in full of such amount; or (B) Purchaser shall pay to the Seller (x) the amount, if any, by which fifty percent (50%) of the Purchase
Price exceeds fifty percent (50%) of the Estimated Purchase Price, plus (y) interest on the amount computed pursuant to clause (B)(x) above at the Federal Funds Rate for the period from the Sale Date to the date of payment in full of such
amount. 
  

	 	Section 3.02	Servicing Transfer Dates and Payments for Advances. 

 (a) On each Servicing Transfer Date, (x) Seller shall cease to be the servicer, under the Interim Servicing Addendum or as owner of the Mortgage Servicing Rights, in respect of the applicable
Mortgage Loans as set forth on Schedule 3.02(a) and (y) the physical transfer of Servicing thereof to Purchaser shall occur on the books and records of the Investor. Within five (5) Business Days after the applicable Servicing Transfer
Date or such earlier period provided below, Seller shall provide or cause to be provided to Purchaser, as applicable: 
 (i) One or more readable tapes or electronic data files, in a form and content as mutually agreed, within two (2) Business Days after the immediately preceding Cutoff Date, to allow the Purchaser to
service such Mortgage Loans in accordance with the Servicing Agreement following such Servicing Transfer Date; 

(ii) Substantially all of the Credit and Servicing Files in the possession of Seller in accordance with the terms of the
Agreement, providing the remainder as and when available; 
 (iii) Substantially all of the Collateral Files
related to such Mortgage Loans in the possession of Seller’s Custodian, other than Trailing Documents, which may be by internal delivery with the Custodian if Purchaser’s and Seller’s Custodian are the same entity, providing the
remainder as and when available; 
 (iv) With respect to such Mortgage Loans, Seller’s accounting to the
Purchaser of the Related Escrow Account funds, of outstanding T & I Advances, suspense, and partial and unapplied funds, made in accordance with the Servicing Agreement and the Interim Servicing Addendum; and 

(v) The Transfer Confirmation. 
 (b) Within seventeen (17) Business Days following each Servicing Transfer Date, Purchaser shall pay the Seller, by wire transfer of immediately available federal funds to an account designated by
Seller, an amount equal to one hundred percent (100%) of all 

  
 12 

 
delinquent P & I Advances funded or reimbursed by or on behalf of the Seller under the Servicing Agreement relating to the Mortgage Loans as to which the related Mortgage Servicing Rights
were transferred on such Servicing Transfer Date, which were properly made by Seller under, and to which Seller is entitled to reimbursement of pursuant to, such Servicing Agreement, and for which Seller has not previously been reimbursed; provided
that the following conditions have been satisfied: 
 (i) The transfer of servicing from the Seller to Purchaser
has occurred under the Agreement pursuant to 
Section 3.02(a); and 
 (ii) Within seven (7) Business
Days prior to the required payment by Purchaser, the Seller has provided Purchaser with customary documentation and support, which may be in electronic form, for all properly made P & I Advances as to which Seller is entitled to recovery,
accrued but not recovered or reimbursed through the close of business of the day prior to each Servicing Transfer Date including documentation related to loan level delinquent P & I Advances; provided that the right of Purchaser to withhold
payment for such P & I Advances for insufficient documentation and support shall apply only to the P & I Advances with respect to the Mortgage Loans without such documentation and support. 

(c) Within thirty (30) Business Days after each Servicing Transfer Date, Purchaser shall pay the Seller, by wire
transfer of immediately available federal funds to an account designated by Seller, an amount equal to one hundred percent (100%) of all Corporate Advances, funded by or on behalf of the Seller under the Servicing Agreement relating to the
Mortgage Loans as to which the related Mortgage Servicing Rights were transferred on such Servicing Transfer Date, which were properly made by Seller under, and to which Seller is entitled to reimbursement of pursuant to, such Servicing Agreement,
and for which Seller has not previously been reimbursed; provided that the following conditions have been satisfied: 
 (i) The transfer of servicing from the Seller to Purchaser has occurred under the Agreement pursuant to 
Section 3.02(a); and 

(ii) No later than seven (7) Business Days prior to the required payment by Purchaser, the Seller has provided
Purchaser with customary documentation and support for all properly made Corporate Advances as to which Seller is entitled to recovery, accrued but not recovered or reimbursed through the close of business of the day prior to such Servicing Transfer
Date; provided that the right of Purchaser to withhold payment for such Corporate Advances for insufficient documentation and support shall apply only to the Corporate Advances with respect to the Mortgage Loans without such documentation and
support. 
 (d) T & I Advances shall be recovered by Seller in accordance with Section 7.08. 

(e) Notwithstanding anything in this Agreement to the contrary, with respect to Advances made by the Seller between the
Sale Date, and the applicable Servicing Transfer Date, Purchaser shall reimburse Seller for ordinary deductions from the calculation of either insurance or guaranty benefits by an Insurer or reimbursement of Advances by the Investor assuming the
servicer complied with Applicable Requirements; provided, that, for the 

  
 13 

 
avoidance of doubt, Purchaser shall not be liable under this Section 3.02(e) to the extent that any such amounts relate to acts or omissions by Seller prior to such applicable Servicing
Transfer Date that are not in compliance with the Applicable Requirements. Such reimbursement for non-recoverable Advances also shall include non-recoverable Advances that are required or authorized to be made pursuant to Applicable Requirements;
provided, in the case of such non-recoverable Advances that are authorized (but not required) to be made pursuant to Applicable Requirements, only to the extent they are made in a manner consistent with past practice. 

 

	 	Section 3.03	Correction of Errors. 

 If, prior to or subsequent to the payment of any amounts due under this Article III to either Party, the outstanding principal balance of any Mortgage Loan or any applicable Advance is found to be in
error, or if for any reason the Purchase Price or such other amounts is found to be in error, or if any payments made or not made under the Interim Servicing Addendum are not correct, the Parties shall mutually agree to an appropriate adjustment
(and an associated reconciliation statement or other such documentation with respect to such adjustment), and the Party benefiting from the error shall pay to the other Party an amount sufficient to correct and reconcile the Purchase Price or such
other amounts, as mutually agreed by the Parties, and if the correction is to the Purchase Price, such payment shall be accompanied by a payment of interest on the applicable amount computed at the Federal Funds Rate for the period from the Sale
Date to the date of payment in full of such amount. Such amounts shall be paid by the applicable Party within ten (10) Business Days from receipt of satisfactory written verification of amounts due; provided, however, that if the Parties cannot
agree on such amounts within such ten (10) Business Day period, a disputing Party shall promptly deliver to the other Party a written notice specifying the nature of its dispute (in reasonable detail) and the Parties shall promptly (and, in any
event, within ten (10) Business Days thereafter) invoke the dispute resolution proceeding set forth in Section 12.10(i) hereof. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES AS TO SELLER

 As an inducement to Purchaser to enter into this Agreement, Seller represents and warrants to Purchaser as of the
Effective Date and, as applicable, the Sale Date as follows: 
  

	 	Section 4.01	Due Organization and Good Standing. 

 Seller is a national association duly organized, validly existing and in good standing under the laws of the United States. Seller is authorized to transact business in each jurisdiction in which Seller
transacts business, and in each jurisdiction where a Mortgaged Property is located, in accordance with Applicable Requirements, except where the failure to be so qualified has not and would not reasonably be expected to, individually or in the
aggregate, (A) result in a Seller Material Adverse Effect, (B) impair in any material respect the ability of Seller to perform its obligations under this Agreement or the Transaction Documents or (C) prevent or materially impede or
delay the consummation of any of the Transactions. 

  
 14 

	 	Section 4.02	Authority and Capacity. 

 Seller has all requisite power, authority and capacity, subject to approvals required pursuant to Section 7.02 and such other consents and approvals as are required hereunder, to enter into this
Agreement and each other applicable Transaction Document and to perform the obligations required of it hereunder and thereunder. The execution and delivery of this Agreement and each other applicable Transaction Document, and the consummation of the
Transactions, have been duly and validly authorized by all necessary action. This Agreement constitutes, and each other applicable Transaction Document constitutes or will constitute, a valid and legally binding agreement of Seller enforceable in
accordance with its terms, and no offset, counterclaim or defense exists to the full performance by Seller of this Agreement or such other Transaction Document, except as the same may be limited by bankruptcy, insolvency, reorganization and similar
laws affecting the enforcement of creditors’ rights generally, and by general equity principles. 
  

	 	Section 4.03	Title to the Purchased Assets. 

 Seller is, or as of the Sale Date, shall be, the sole and lawful owner of all right, title and interest in and to the Purchased Assets sold on the Sale Date in accordance with Applicable Requirements, is
responsible for the maintenance of the Related Escrow Accounts and Custodial Accounts, and has, or as of the Sale Date, shall have, the sole right and authority, subject to any required Servicing Agreement Consent or otherwise, to transfer the
Purchased Assets sold on the Sale Date, including the rights to reimbursement for related Advances paid for by Purchaser as contemplated hereby. The transfer, assignment and delivery of the Purchased Assets, including the rights to reimbursement for
Advances paid for by Purchaser and of the Related Escrow Accounts and Custodial Accounts, as applicable, shall vest in Purchaser all rights to the Purchased Assets in accordance with Applicable Requirements, free and clear of any and all claims,
charges, defenses, offsets and encumbrances of any kind or nature whatsoever. 
  

	 	Section 4.04	Effective Agreements. 

 The execution, delivery and performance of this Agreement and the other Transaction Documents by Seller, compliance with the terms hereof and thereof, and the consummation of the Transactions will not
violate, conflict with, result in a breach of, constitute a default under, be prohibited by or require any additional approval under its charter or bylaws, or, upon obtaining the Servicing Agreement Consent, any instrument or agreement to which it
is a party or by which it is bound or which affects the Purchased Assets, or any Applicable Requirements applicable to it or to the Purchased Assets, which violation, breach or default would reasonably be expected to (A) result in a Seller
Material Adverse Effect, (B) impair in any material respect the ability of Seller or any of its applicable Affiliates to perform its obligations under this Agreement or any of the Transaction Documents or (C) prevent or materially impede
or delay the consummation of the Transactions; or result in the creation or imposition of any lien, charge or encumbrance upon, any Purchased Assets or any of the Mortgage Loans. 

 

	 	Section 4.05	Membership and Standing. 

 (a) MERS Membership. Seller is an approved member in good standing of the MERS system. 

  
 15 

 (b) Seller/Servicer Standing. Seller is (i) an approved
servicer, seller/servicer or issuer, as applicable, of mortgage loans for FNMA, (ii) properly licensed and qualified to do business and in good standing in each jurisdiction in which such licensing and qualification is necessary to act as the
servicer under any of the Servicing Agreement and applicable law, and (iii) qualified to act as the servicer under the Servicing Agreement, and no event has occurred which would make any Seller unable to comply with all such eligibility
requirements or which would require notification to FNMA. Seller has not received any written notice from any Governmental Entity that it intends to terminate or restrict Seller’s status as an approved servicer in its programs for which Seller
is registered, approved or authorized. 
  

	 	Section 4.06	Consents, Approvals and Compliance. 

 Except for the Servicing Agreement Consent, there is no requirement applicable to Seller to make any filing with, or to obtain any permit, authorization, consent or approval of, any Person as a condition
to the lawful performance by Seller of its obligations hereunder. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES AS TO 
 PURCHASED ASSETS 
 Subject to and as limited by Section 5.12,
Seller represents and warrants to Purchaser as of the Effective Date, the Sale Date, and, with respect to Section 5.03 only, the applicable Servicing Transfer Date, as follows, irrespective of either the truth of accuracy or such
representations and warranties or Seller’s or Purchaser’s knowledge of the truth or accuracy of such representations and warranties: 
  

	 	Section 5.01	Servicing. 

 (a) Compliance. 
 (i) (A) Each Mortgage Loan conformed and
conforms to the Applicable Requirements in all material respects, and each Mortgage Loan was eligible for sale to, insurance by, or pooling to back securities issued or guaranteed by, or participation certificates issued by, the Investor or Insurer
upon such sale, issuance of insurance or pooling, except in each case where such failure to conform or ineligibility would not be the contractual or legal responsibility of the Purchaser as the transferee under the Servicing Agreement or by
virtue of the applicable Tri-Party Agreement; (B) each Mortgage Loan has been originated, underwritten and serviced in compliance with all Applicable Requirements in all material respects, except where such lack of compliance would not be the
contractual or legal responsibility of the Purchaser as the transferee under the Servicing Agreement or by virtue of the applicable Tri-Party Agreement and (C) Seller is not otherwise in default with respect to Seller’s obligations under
the Applicable Requirements. 
 (ii) Each Mortgage Loan which is required pursuant to Applicable Requirements or
which is represented by Seller to have mortgage insurance or a guaranty certificate has such mortgage insurance or a guaranty certificate, except where the lack of such mortgage insurance or a guaranty certificate would not be the

  
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contractual or legal responsibility of the Purchaser as transferee under the Servicing Agreement or by virtue of the applicable Tri-Party Agreement, and has an accurate holder identification for
purposes of filing claims. All provisions of such insurance policies or guarantees have been and are being complied with in all material respects, all premiums due thereunder have been paid, and such policies and/or guarantee are in full force and
effect, except where the lack of compliance or the lapse or invalidity of policies or guarantees would not be the contractual or legal responsibility of the Purchaser as transferee under the Servicing Agreement or by virtue of the applicable
Tri-Party Agreement. 
 (b) Servicing Rights. 

(i) Seller owns all right, title and interest in and to the Mortgage Servicing Rights free and clear of all liens, and has
the sole right to act as servicer with respect to the Mortgage Loans pursuant to and subject to the terms and conditions of the Servicing Agreement. 
 (ii) Seller has not engaged any subservicers, subcontractors or other agents to perform any of its duties under any of the Servicing Agreement, other than engagements that are permitted by, and are in
compliance in all material respects with the requirements of, the applicable Servicing Agreement, and all fees and expenses due and payable to any such subservicer, subcontractor or agent as of the Sale Date in connection therewith have been paid,
or will be paid before overdue, by Seller. 
 (iii) There are no judicial and administrative judgments, orders,
remediation plans, stipulations, awards, writs and injunctions applicable to any Mortgage Loan or Mortgage Servicing Right for which Purchaser is legally or contractually responsible as the transferee of the Mortgage Servicing Rights. 

(c) Servicing Agreement. 
 (i) The Servicing Agreement does not impose terms and conditions that materially increase the obligations in connection with the Servicing of the Mortgage Loans beyond that stated in the applicable Guides
and that would apply to the Purchaser as the transferee of the Mortgage Servicing Rights. 
 (ii) Except as would
not reasonably be expected to materially impair the ability of Purchaser to realize the economic benefits associated with the Transactions, the Servicing Agreement is a valid and binding obligation of the Seller, is in full force and effect, and is
enforceable by Seller in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general principles of equity, whether applied in a
court of law or a court of equity. 
 (iii) The Investor has not provided written notice to the Seller that such
party will terminate, modify or amend the Servicing Agreement or the Seller’s benefits or the Mortgage Servicing Rights under the Servicing Agreement. 

  
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 (d) Mortgage Pools. All pools of Mortgage Loans have been initially
certified, and all such pools shall be, when transferred to Purchaser, eligible for final certification and/or recertification, as applicable, and in each case only if required by Applicable Requirements, by Purchaser or the Custodian in accordance
with Applicable Requirements. The Collateral Files to be delivered to Purchaser will include all documents customarily available as of the time of delivery that are necessary in order for Purchaser or the Custodian to finally certify and/or
recertify the pools of Mortgage Loans, if required by and in accordance with the Applicable Requirements, except for those documents that are required as a result of the Transactions. 

 

	 	Section 5.02	Recourse Status. 

All of the Mortgage Loans shall be without Recourse to Purchaser as the transferee of the Mortgage Servicing Rights. 

 

	 	Section 5.03	Advances. 

 (a) All Advances paid for by Purchaser to Seller or net against amounts paid over by Seller to Purchaser hereunder were made and are eligible for reimbursement in accordance with Applicable Requirements,
except as provided in Section 3.02(e) hereof, are carried on the books of Seller at values determined in accordance with generally accepted accounting principles, are not subject to any set-off or claim that could be asserted against Seller, or
to Seller’s knowledge, Purchaser, and Seller has not received any notice from any Investor, or any Insurer or other Person in which such Investor, Insurer or Person disputes or denies a claim by Seller for reimbursement in connection with an
Advance. 
 (b) No Advance has been sold, transferred, assigned or pledged by Seller to any Person other than
Purchaser. Seller has not taken any action that, or failed to take any action the omission of which, would materially impair the rights of Purchaser with respect to any such Advance. 

 

	 	Section 5.04	Accuracy of Information. 

 The information (i) in the data tapes provided by Seller, or its agents, to Purchaser on November 30, 2012, and (ii) in the Mortgage Loan Schedules pertaining to the Mortgage Loans,
Advances and the Mortgage Servicing Rights, is true and correct in all material respects as of the dates indicated therein. The Mortgage Loan Schedules contain in all material respects a complete and accurate list of all of the Mortgage Servicing
Rights sold or intended to be sold, and the related Mortgage Loans, as of the dates indicated therein. 
  

	 	Section 5.05	Delivery of Information. 

 The Collateral File and Credit and Servicing File for each Mortgage Loan collectively contain all documents and instruments required by the Applicable Requirements for servicing such Mortgage Loan in all
material respects in accordance with Applicable Requirements without unreasonable expense or delay which would be caused solely by the condition of the Collateral File or the Credit and Servicing File. 

  
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	 	Section 5.06	Repurchase. 

 There
is no pending claim or demand against Seller for repurchase of any Mortgage Loan, or rescission of any MI or denial of an MI claim. 
  

	 	Section 5.07	Servicing Fee Not Sold 

 No portion of the base minimum Servicing Fee required under a Servicing Agreement payable by any Investor in connection with the Mortgage Servicing Rights on any Mortgage Loan has been sold, transferred,
assigned or pledged by Seller to any third party other than Purchaser. 
  

	 	Section 5.08	Damage, Condemnation, and Related Matters. 

 There exists no physical damage to any Mortgaged Property from fire, flood, windstorm, earthquake, tornado, hurricane or any other similar casualty, which physical damage is not adequately insured against
or would materially and adversely affect the value of any Purchased Assets or any Mortgaged Property, or the eligibility of any Mortgage Loan for insurance benefits by any Insurer, except where the existence of such physical damage would not be the
contractual or legal responsibility of, or result in any liability to, the Purchaser as transferee under the Servicing Agreement or by virtue of the applicable Tri-Party Agreement. 

 

	 	Section 5.09	No Purchaser Responsibility. 

 Notwithstanding the sale of the Purchased Assets to Purchaser, if and to the extent and as provided in the Tri-Party Agreement as and when executed, Seller retains any remaining obligations to FNMA as the
related Investor under the Servicing Agreement with FNMA including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of the Mortgage Loans to FNMA

  

	 	Section 5.10	Related Escrow and Custodial Accounts. 

 All Related Escrow Accounts and Custodial Accounts are being and have been maintained in accordance with the Applicable Requirements. Except as to payments which are past due under Mortgage Notes, all
balances required by the Mortgages or other Mortgage Loan documents and paid to Seller for the account of the Mortgagors are on deposit in the appropriate Related Escrow Account or Custodial Account. 

 

	 	Section 5.11	High Cost Loans. 

No Mortgage Loan is classified as a “high cost mortgage” under Section 32 of the Home Ownership and Equity Protection Act
of 1994 or is considered a “high cost mortgage” loan or “higher cost mortgage loan” under any other applicable law applicable at the time the loan was originated or any applicable Investor’s anti-predatory lending policy at
the time of origination. 
  

	 	Section 5.12	Sole Purpose of Article V Representations and Warranties. 

 Purchaser acknowledges that Seller is providing the representations and warranties in Article V of this Agreement solely for purposes of establishing the basis on which claims for indemnification may be
brought under the Agreement for Losses resulting from or arising out any breach of any such representations and warranties by Seller, irrespective of whether Seller knows or 

  
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should know of such breach and without disclosure of any such knowledge. Purchaser and Seller further acknowledge that some or all of the representations and warranties in Article V may be
untrue, including in all material respects, and that Purchaser and/or Seller (as a result of Seller’s due diligence or otherwise) may have actual knowledge of facts rendering some of such representations and warranties untrue, including in all
material respects. In no event shall a breach of any of Seller’s representations and warranties under the Agreement, or Seller’s knowledge or lack of disclosure thereof, be used as evidence of or be deemed to constitute bad faith,
misconduct, misrepresentation or fraud by Seller, nor shall Purchaser’s knowledge of any such breach or lack of disclosure by Seller limit in any way Purchaser’s rights to seek indemnification under the Agreement. Purchaser acknowledges
that its sole remedy for any breach of any representation or warranty in Article V is a claim for indemnity under the Agreement. 

ARTICLE VI 

REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 As an inducement to Seller to enter into this Agreement, Purchaser represents and warrants as of the Effective Date and the Sale Date as follows: 

 

	 	Section 6.01	Due Organization and Good Standing. 

 Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in
which such qualification is deemed necessary to service the Mortgage Loans and has all related licenses, registrations, permits, and approvals required in accordance with Applicable Requirements, except where the failure to be so qualified has not
and would not reasonably be expected to, individually or in the aggregate, (A) result in a Purchaser Material Adverse Effect, (B) impair in any material respect the ability of Purchaser to perform its obligations under this Agreement or
the Transaction Documents or to acquire and operate the Purchased Assets or (C) prevent or materially impede or delay the consummation of any of the Transactions. 
  

	 	Section 6.02	Authority and Capacity. 

 Purchaser has all requisite limited liability company power, authority and capacity, subject to approvals required pursuant to Section 7.02 and such other consents and approvals as are required
hereunder, to enter into this Agreement and each other applicable Transaction Document and to perform the obligations required of it hereunder and thereunder. The execution and delivery of this Agreement and each other applicable Transaction
Document, and the consummation of the Transactions, have been duly and validly authorized by all necessary action. This Agreement constitutes, and each other applicable Transaction Document constitutes or will constitute, a valid and legally binding
agreement of Purchaser enforceable in accordance with its terms, and no offset, counterclaim or defense exists to the full performance by Purchaser of this Agreement or such other Transaction Document, except as the same may be limited by
bankruptcy, insolvency, reorganization and similar laws affecting the enforcement of creditors’ rights generally and by general equity principles. 

  
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	 	Section 6.03	Effective Agreements. 

 The execution, delivery and performance of this Agreement by Purchaser, its compliance with the terms hereof and the consummation of the Transactions will not violate, conflict with, result in a breach
of, constitute a default under, be prohibited by or require any additional approval under its certificate of formation, limited liability company agreement, or other organizational documents and agreements, or, upon obtaining the Investor’s
approval, any instrument or agreement to which it is a party or by which it is bound or which affects the Purchased Assets, or any Applicable Requirements applicable to it or to the Purchased Assets. 

 

	 	Section 6.04	Sophisticated Purchaser.

 The Purchaser is a sophisticated investor and its bid and decision to purchase the Servicing Rights is based upon the Purchaser’s own independent experience, knowledge, due diligence and evaluation
of the Transactions. The Purchaser has relied solely on such experience, knowledge, due diligence and evaluation and has not relied on any oral or written information provided by Seller or Seller’s agents other than the Offering Materials
and the representations and warranties made by Seller herein. 
  

	 	Section 6.05	Purchaser/Servicer Standing. 

 Purchaser is (i) an approved servicer, seller/servicer or issuer, as applicable, of mortgage loans for FNMA and is in good standing with the requisite financial criteria and adequate resources to
complete the Transactions on the conditions stated herein, (ii) properly licensed and qualified to do business and in good standing in each jurisdiction in which such licensing and qualification is necessary to act as the servicer under the
Servicing Agreement and applicable law, (iii) an approved servicer for any nationally recognized Insurers providing MI on the Mortgage Loans, and (iv) qualified to act as, and satisfies all the criteria for acting as, the servicer under
the Servicing Agreement, and no event has occurred which would make Purchaser unable to comply with all such eligibility requirements or which would require notification to FNMA. Purchaser has not received any written notice from any Governmental
Entity that it intends to terminate or restrict Purchaser’s status as an approved servicer in its programs for which Purchaser is registered, approved or authorized. 

 

	 	Section 6.06	MERS Membership. 

Purchaser is an approved member in good standing of the MERS system. 

 

	 	Section 6.07	Financial Ability. 

Purchaser will have (when required under this Agreement) immediate access to all funds necessary to pay the Purchase Price and related
fees and expenses and Purchaser will have (when required under this Agreement) the financial capacity to perform all of its other obligations under this Agreement. 

  
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	 	Section 6.08	No Regulatory Impediment. 

 To Purchaser’s knowledge, there is no fact or circumstance relating to Purchaser’s business, operations, financial condition or legal status that might reasonably be expected to impair in any
material respect its ability to obtain all consents, orders, authorizations, and approvals from any governmental authority necessary for the consummation of the purchase of the Mortgage Servicing Rights within the time period contemplated by this
Agreement. 
  

	 	Section 6.09	Consents, Approvals and Compliance. 

 Except for the Servicing Agreement Consent, there is no requirement applicable to Purchaser to make any filing with, or to obtain any permit, authorization, consent or approval of, any Person as a
condition to the lawful performance by Purchaser of its obligations hereunder. 
 ARTICLE VII 

COVENANTS 
  

	 	Section 7.01	Assignments. 

 (a) With respect to those Mortgage Loans registered with MERS as of the Sale Date, Seller shall, within fourteen (14) days of the applicable Servicing Transfer Date, notify MERS, in accordance with
MERS’ operating procedures, of the sale of the Mortgage Servicing Rights, and shall be responsible for the fees of MERS related to reflecting Purchaser as the owner of the Mortgage Servicing Rights. Seller shall provide Purchaser or its
designee with the MERS mortgage loan identification number for each MERS-registered Mortgage Loan pursuant to Section 7.07. 
 (b) Within ninety (90) days after each Servicing Transfer Date, Seller, at its expense, shall prepare and send for recordation Assignments of Mortgage, including any assignments required by or to the
Investor (which in all cases shall be accompanied with a check attached thereto in the appropriate amount for payment therefor) for any related Mortgage Loan that is not assigned of record to and registered with MERS as of such Servicing Transfer
Date, in compliance with the applicable Servicing Agreement and the protocol detailed on Exhibit I; provided, that, prior to such Servicing Transfer Date, Seller and Purchaser shall mutually agree to a list of such related Mortgage Loans (and
Seller shall provide Purchaser with any documentation reasonably requested by Purchaser in connection therewith); provided, further, that, in the case of any such related Mortgage Loans subject to foreclosure proceedings, such Assignments of
Mortgage shall not be recorded, but shall be sent by Seller to either Purchaser or the applicable foreclosure attorney (at Purchaser’s direction). Seller shall indicate to the applicable recording office that recorded Assignments of Mortgage
should be returned to Purchaser, and Purchaser shall have responsibility for tracking the recording and return of the Assignments of Mortgage. Seller shall assure that all necessary documentation pursuant to Applicable Requirements related to
demonstrating the chain of title for all loans is available, and provided, for Purchaser’s use, and if any such documentation is inadequate shall timely create, make available and provide such documentation for Purchaser, and take such steps as
necessary to, properly record, assign or endorse the Mortgage Loans and the Mortgage Servicing Rights. In the event that any such Assignment of Mortgage prepared by Seller pursuant to this Section 7.01(b) is reasonably determined by Purchaser
to be deficient, Seller shall promptly reimburse Purchaser for its reasonable out-of-pocket costs (which costs include, for the avoidance of doubt, reasonable fees of third party vendors which may be outside counsel) to rectify such Assignment of
Mortgage and re-send it for recordation. 

  
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 (c) Prior to the applicable Servicing Transfer Date, Seller shall provide Purchaser with a
list of the names of each predecessor or Affiliate (or predecessor of each such Affiliate) of Seller (in each case, including any former names thereof) that may be relevant to Purchaser’s verification of the chain of title of any Mortgaged
Property. 
  

	 	Section 7.02	Servicing Agreement Consent and Notices. 

 From the date hereof until the Sale Date, the Seller shall use its commercially reasonable efforts to obtain the Servicing Agreement Consent on or prior to the Sale Date (including by using such efforts
to mail the required consent requests to the applicable third parties as soon as reasonably practicable following the Effective Date), and Purchaser shall use its commercially reasonable efforts to cooperate with the Seller to obtain such Servicing
Agreement Consent. Prior to each Servicing Transfer Date, Purchaser and the Seller shall (i) execute (or cause to be executed) and deliver the documents required by the Investor in connection with the transfer of the related Mortgage Servicing
Rights and, as applicable, the Servicing Agreement, hereunder, in form and substance reasonably satisfactory to both Parties, and (ii) cooperate with each other to transfer (to the extent permitted by the Investor) from Seller to Purchaser the
benefit of any waivers granted by Investor directly related to Servicing the Mortgage Loans (which, for the avoidance of doubt, includes waivers related to Collateral Files), including with respect to Mortgage Loan Documents required to be held in
the Collateral File. In addition, from the date hereof until the Sale Date, the Seller shall use its commercially reasonable efforts to provide all notices to third parties required under the Servicing Agreement in connection with the Transactions.

  

	 	Section 7.03	Transfer Notices. 

 (a) Seller shall provide servicing transfer notices and any other similar notices to the Mortgagors as may be required under the Applicable Requirements, including the Federal Real Estate Settlement
Procedures Act codified § 2601 et seq. and implemented by Regulation X, 24 C.F.R. Part 3500. Within fifteen (15) days following each Servicing Transfer Date, but not before any such Servicing Transfer Date unless agreed to in writing
by Seller, the Purchaser shall deliver to each related Mortgagor a “Welcome Letter” in accordance with the Applicable Requirements and at Purchaser’s own cost and expense. No less than three (3) weeks prior to such Servicing
Transfer Date, each Party shall submit to the other Party its form of such “Welcome Letter” or “Goodbye Letter” for review and approval. Purchaser shall not contact any Mortgagors prior to such Servicing Transfer Date unless
agreed to in writing by Seller. 
 (b) Within thirty (30) days after each Servicing Transfer Date,
(i) the Seller shall, in accordance with applicable Insurer requirements, provide written notice of the transfer to any Insurer requiring such notice; provided, however, that the Seller may give aggregate notice whenever possible,
and (ii) the Seller shall notify related tax-bill services of the transfer. The form of all notices by the Seller pursuant to this Section 7.03(b) shall be subject to the review and reasonable approval of the Purchaser upon
Purchaser’s request. 
 (c) If required by the Investor, and mutually agreed by the Parties, Purchaser may
make one (1) post-Servicing Transfer Date ACH or other alternative form of withdrawal with respect to each Mortgagor under a Mortgage Loan owned by such Investor specified by Seller by a mutually agreed date, based on the ACH information
provided by Seller. Purchaser shall obtain a new authorization from each such Mortgagor in accordance with 

  
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Applicable Requirements prior to making any ACH or other alternative forms of withdrawals other than such mutually agreed one (1) post-Servicing Transfer Date ACH or other alternative form
of withdrawal. Notwithstanding anything to the contrary in any Transaction Documents, Purchaser acknowledges and agrees that Seller shall not be responsible for Purchaser’s compliance with Applicable Requirements in using such information for
any post-Servicing Transfer Date ACH or other alternative form of withdrawal, or liable to Purchaser for any Losses resulting therefrom. 
 (d) In connection with any Mortgage Loans subject to bankruptcy proceedings, the Purchaser shall file transfers of claims as required by Applicable Requirements, including Rule 3001(e) of the Federal
Rules of Bankruptcy Procedure; provided, that Seller shall promptly deliver to Purchaser (upon Purchaser’s request) any information and documentation that is reasonably necessary for Purchaser to comply with this Section 7.03(d); provided
further, that, in the event Seller fails to deliver applicable proof of claim-related information (which information shall include accurate post-petition due date and proof of claim data) within thirty (30) days following each applicable
Servicing Transfer Date to Purchaser (whether or not requested thereby), Seller shall promptly reimburse Purchaser for any expense in excess of $15.00, but no more than $50.00, per Mortgage Loan subject to bankruptcy proceedings incurred by
Purchaser in complying with this Section 7.03(d) as a result of not receiving such proof of claim-related information. The form of all notices by Purchaser pursuant to this Section 7.03(d) shall be subject to the review and reasonable
approval of Seller upon Seller’s request. 
  

	 	Section 7.04	Real Estate Taxing Authorities. 

 (a) Prior to each applicable Servicing Transfer Date, Seller shall be responsible for any tax penalties incurred due to incorrect or missing tax records processed or provided by Seller or Seller’s
tax service agent to Purchaser. 
 (b) If a Mortgage Loan is escrowed, Seller shall pay or cause to be paid,
prior to each applicable Servicing Transfer Date, all tax bills (including any applicable penalties and interest) with tax due dates prior to or within thirty (30) calendar days following such Servicing Transfer Date, but only if the tax bill
was issued by the taxing authority at least thirty (30) calendar days prior to such Servicing Transfer Date. Purchaser shall pay or cause to be paid all other tax bills when due. Seller will promptly forward tax bills issued by the taxing
authority less than thirty (30) calendar days prior to such Servicing Transfer Date, to be paid by Purchaser. 
 (c) Purchaser shall not be responsible for any tax penalties on escrowed Mortgage Loans (including any loss of discount for which a Mortgagor or any third party for the benefit of the Mortgagor has a
legal claim) on Mortgage Loans for which the related tax due date occurs prior to or within thirty (30) calendar days following each applicable Servicing Transfer Date, but only if the tax bill was issued by the taxing authority at least thirty
(30) calendar days prior to such Servicing Transfer Date. Purchaser shall be responsible for any other tax penalties. 
 (d) For all escrowed Mortgage Loans, Seller shall provide to Purchaser within two (2) Business Days after each applicable Servicing Transfer Date a current list of such Mortgage Loans that have taxes
or assessments that were due prior to or within sixty (60) calendar days after such Servicing Transfer Date and not paid, and Purchaser shall be responsible for payment thereof when due. 

  
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 (e) If Seller does not provide to Purchaser a life of loan tax service
contract for a Mortgage Loan, Seller shall provide all information required by Purchaser or Purchaser’s tax monitoring vendor with respect to such real estate taxes. 

 

	 	Section 7.05	Hazard, Mortgage and Flood. 

 (a) For all escrowed Mortgage Loans, Seller shall pay or cause to be paid, prior to each applicable Servicing Transfer Date, all insurance bills with policy due dates prior to or within thirty
(30) calendar days following such Servicing Transfer Date, if such insurance bills have been issued by insurance companies at least thirty (30) calendar days prior to such Servicing Transfer Date. Purchaser shall pay or cause to be paid
all other insurance bills. Seller will promptly forward insurance bills issued by the insurance companies less than thirty (30) calendar days prior to such Servicing Transfer Date, to be paid by Purchaser. 

(b) For all escrowed Mortgage Loans, Seller shall provide to Purchaser within two (2) Business Days after each
applicable Servicing Transfer Date a current list of Mortgage Loans that have hazard and MI insurance premiums and/or assessments that are due prior to or within sixty (60) calendar days after such Servicing Transfer Date and not paid, and
Purchaser shall be responsible for payment thereof when due. 
 (c) For all escrowed Mortgage Loans, Seller shall
provide to Purchaser within two (2) Business Days after each applicable Servicing Transfer Date a current list of Mortgage Loans that have flood insurance premiums and/or assessments that were due prior to or within sixty (60) calendar
days after such Servicing Transfer Date and not paid, and Purchaser shall be responsible for payment thereof when due. 
 (d) Seller shall provide all information required by Purchaser or Purchaser’s flood service monitoring vendor with respect to such flood insurance. 

 

	 	Section 7.06	Delivery of Mortgage Loan Documentation and Information. 

(a) Seller shall provide Purchaser with prior written notice of the carrier, shipping arrangements and insurance
arrangements, if applicable, with respect to the delivery of the Collateral Files and Credit and Servicing Files with respect to the Mortgage Loans. 
 (b) Within five (5) Business Days after receipt of a Trailing Document by Seller or Custodian, Seller shall provide, or cause to be provided, such Trailing Document to Purchaser’s Custodian.

 (c) No later than five (5) Business Days after each applicable Servicing Transfer Date, Seller shall
provide, or cause to be provided, to Purchaser true and correct originals or copies or electronic, .tif, .pdf, .xls or .doc formats of any and all Collateral Files and Credit and Servicing Files, in each case as are material to the Servicing of the
Mortgage Loans transferred on such Servicing Transfer Date in compliance with all Applicable Requirements. Any costs and expenses to deliver the aforementioned files and information shall be borne by the Seller and any costs and expenses to convert
such files and information into the format required by the Purchaser shall be borne by the Purchaser. 

  
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 (d) Without limiting the generality of Section 7.07, from the date that
is thirty (30) days prior to each applicable Servicing Transfer Date until the date that is thirty (30) days after such Servicing Transfer Date (or until all Credit and Servicing Files in possession of or on behalf of Seller have been
provided to Purchaser by Seller, whichever is later), Seller shall provide Purchaser with access to Seller’s web portal containing such Credit and Servicing Files. 

(e) Anything to the contrary contained in this Agreement notwithstanding, except for Applicable Requirements which must be
satisfied, with respect to each Mortgage Loan, Seller may deliver any documents required to be delivered to Purchaser by means of electronic data containing the relevant information or a computer disk containing scanned images of some or all
documents relating to the Mortgage Loan[; provided, that any such electronic data shall be in a format mutually agreed upon by the Parties, and any such electronic documents shall be identified by a loan number and document name or index, with
cross-reference provided for document type indices]. 
  

	 	Section 7.07	Delivery of Servicing System Information. 

 Prior to each applicable Servicing Transfer Date, the Seller shall furnish or cause to be furnished to the Purchaser preliminary Mortgage Loan data reflecting the status of payments, balances and other
pertinent information necessary to service the related Mortgage Loans, along with any other pertinent information reasonably requested by Purchaser. Seller shall provide to Purchaser, on conversion files meeting the specifications of Exhibit
C, or as otherwise agreed to by the Parties, that data relating to the Mortgage Loans that is necessary for the proper servicing of the Mortgage Loans or to ensure compliance with the Servicing Agreement. Final conversion files shall be provided
no later than two (2) Business Days after the most recent Cutoff Date. 
  

	 	Section 7.08	Related Escrow Account Balances. 

 No later than five (5) Business Days after each applicable Servicing Transfer Date, Seller shall: 
 (a) Provide Purchaser by wire transfer of immediately available federal funds the net escrow amount (net of Seller’s unrecovered and unreimbursed, T & I Advances as to which Seller is entitled to
recovery), loss drafts, suspense balances, any buydown balances and any unapplied funds associated with the Mortgage Loans as to which the related Mortgage Servicing Rights were transferred on such Servicing Transfer Date or, if such amount is a
negative number, the Purchaser shall provide Seller by wire transfer of immediately available federal funds such negative amounts to Seller; and 
 (b) Provide Purchaser with an accounting statement sufficient to enable Purchaser to reconcile the balances referred to in Section 7.08(a) above with the accounts of the related Mortgage Loans.

  
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	 	Section 7.09	Payoffs, Assumptions, Modifications, Refinancings; Short Sales and Deeds in Lieu. 

(a) Seller and Purchaser shall cooperate with and assist each other, as reasonably requested, in completing any payoff,
assumption, modification, short sale, deed in lieu, or other loss mitigation option, in each case that is in process as of each applicable Servicing Transfer Date. 

(b) Purchaser shall accept and continue processing any pending loan modification requests related to the Mortgage Loans.
Purchaser shall honor all trial and permanent loan modification agreements entered into by Seller, and make any related required filings with Governmental Entities, Agencies, Investors and Insurers in accordance with Applicable Requirements.

 (c) Seller shall complete the processing, underwriting, closing and funding of eligible requests and
applications by Mortgagors to refinance Mortgage Loans in process as of the Sale Date under HARP where the resulting mortgage loan is intended for sale to the Investor, in accordance with Applicable Requirements. Seller shall sell the resulting
mortgage loans to the Investor and concurrently transfer the related mortgage servicing rights to the Purchaser (upon and subject to the same terms and conditions as set forth in this Agreement with respect to the Mortgage Servicing Rights,
including, for the avoidance of doubt, as set forth in Articles IV, V, VII, VIII and XI). Seller shall be entitled to retain all income and obligated to pay all expenses in connection with the origination and sale of such mortgage loans, and
Purchaser shall not be obligated to pay any additional consideration for the related mortgage servicing rights. 
  

	 	Section 7.10	Mortgage Loan Payments and Trailing Bills Received After Servicing Transfer Date. 

(a) All payments pertaining to Mortgage Loans with respect to which the related servicing is transferred on each
applicable Servicing Transfer Date that are received by Seller after such Servicing Transfer Date, and until ninety (90) days thereafter, shall be forwarded by Seller to Purchaser by wire, or at Seller’s discretion if such funds or
payments are received by check, by overnight delivery, with the check date stamped, within seven (7) Business Days following Seller’s receipt, except that payments or funds requiring exception processing shall be forwarded within ten
(10) Business Days of Seller’s receipt. On and after the date which is ninety (90) days after each applicable Servicing Transfer Date, any payments or other funds remitted by a borrower and received by Seller shall, at Seller’s
discretion, be returned to the related borrower, or forwarded to the Purchaser or its designee as described above within seven (7) Business Days following Seller’s receipt, except that payments or funds requiring exception processing shall
be forwarded within ten (10) Business Days of Seller’s receipt. Payments shall be forwarded to the Purchaser or its designee as described above until Purchaser has been able to notify the borrower to change the payee to Purchaser from
Seller. Any funds or payments by any other Person shall be forwarded by Seller, to Purchaser’s designee by wire or at Seller’s discretion if such funds or payments are received by check, by first class mail if such funds or payments are
received by check within seven (7) Business Days of Seller’s receipt, except that payments or funds requiring exception processing shall be forwarded within ten (10) Business Days of Seller’s receipt. 

  
 27 

 (b) Seller will promptly forward, or cause vendors to send, to Purchaser any
bills, invoices, statements or other notices of required payment for which the servicer of the Mortgage Loans is responsible pursuant to Applicable Requirements (e.g., taxes and insurance) that are received by Seller or prepared by such vendors
after each applicable Servicing Transfer Date, whether related to the period before or after, or services provided before or after, such Servicing Transfer Date, and Purchaser shall promptly remit payment to such vendors as required in such
servicing bills, invoices, statements or other notices of required payment; provided, that (i) notwithstanding the generality of the foregoing, such bills, invoices, statements or other notices of required payment received by Seller within
fifteen (15) days after such Servicing Transfer Date shall be forwarded in the ordinary course to Purchaser within five (5) days thereafter for payment by Purchaser and (ii) if the payment of any such bill, invoice, statement or other
notice of required payment (whether or not forwarded to Purchaser within the foregoing time period) pertained to the period prior to such Servicing Transfer Date and will reasonably be expected to result in a Loss to Purchaser for which Purchaser
will not otherwise receive payment or reimbursement from any Investor or Mortgagor, such bill, invoice, statement or other notice of required payment will be promptly returned by Purchaser to Seller for payment by Seller. 

 

	 	Section 7.11	Misapplied and Returned Payments. 

 Misapplied and returned payments shall be processed as follows: 

(a) Both Parties shall reasonably cooperate in correcting misapplication errors; 

(b) The Party who discovers or receives notice of a misapplied payment shall immediately notify the other Party;

 (c) Subject to Section 3.03 hereof, if a misapplied payment has created an improper Purchase Price as the
result of an inaccurate outstanding principal balance, a check shall be issued to the Party shorted by the improper payment application within ten (10) Business Days after notice thereof by the other Party; and 

(d) If any Mortgagor’s check presented to Seller prior to each Servicing Transfer Date is returned unpaid to Seller
for any reason subsequent to each Servicing Transfer Date, Seller shall immediately forward the original unpaid check to Purchaser and Purchaser shall reimburse Seller therefor promptly upon Seller’s demand. 

 

	 	Section 7.12	Servicing Obligations. 

 (a) From the date hereof, until each applicable Servicing Transfer Date and subject to Sections 7.12(b)(ii), and as further provided for in that Interim Servicing Addendum, if applicable, Seller shall
pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, and the Applicable Requirements; and shall pay, perform and discharge all the rights,
obligations and duties with respect to the Related Escrow Accounts as required by the Investor, the Mortgage Loan Documents and all Applicable Requirements. 
 (b) On and after each applicable Servicing Transfer Date (except with respect to and as specified in Section 7.12(b)(i)): 

  
 28 

 (i) Purchaser shall pay, perform and discharge all liabilities and
obligations relating to the Servicing and Mortgage Servicing Rights arising after such Servicing Transfer Date, including all liabilities and obligations under the Mortgage Loan Documents and, subject to Sections 7.12(b)(ii), the Applicable
Requirements; and shall pay, perform and discharge all rights, obligations and duties with respect to the Related Escrow Accounts and Custodial Accounts as required by any Investor, Insurer, the Mortgage Loan Documents and, subject to Sections
7.12(b)(ii), all Applicable Requirements. Notwithstanding the foregoing, except as provided in Section 7.17(a) hereof, the Applicable Requirements with which Purchaser is required to comply hereunder shall not include any judicial and
administrative judgments, orders, remediation plans, stipulations, awards, writs and injunctions applicable to any Mortgage Loan or Mortgage Servicing Right and to which Seller is a party, all of which, for the avoidance of doubt, shall remain the
sole responsibility of Seller. For the avoidance of doubt, as between the Seller and Purchaser under this Agreement, if, as and to the extent provided in the Tri-Party Agreement, Purchaser is not assuming liabilities of the Seller (1) under the
Servicing Agreement with respect to the Mortgage Servicing Rights that pertain to the period prior to the Sale Date, or (2) related to the origination of any Mortgage Loans subject to the Servicing Agreement; provided, that the foregoing clause
shall not affect in any way Purchaser’s obligations under Section 7.17(a) hereof; 
 (ii) With respect
to the Mortgage Loans, Purchaser covenants with Seller that Purchaser shall comply in all material respects with the servicing standards attached as Exhibit A (Settlement Term Sheet) to the NMS in accordance with their terms. Purchaser shall ensure
its compliance with such servicing standards by, among other means, adopting certain of the provisions of Exhibit E (Enforcement Terms) to the NMS consisting of the designation of an independent internal quality control group to perform quarterly
compliance reviews based on the “metrics” provided for therein, the adoption and implementation of a related “work plan” and, as applicable, any “corrective action plans,” and the preparation of quarterly reports of the
results of its compliance reviews (which such reports shall be available for review by any Governmental Entity that has supervisory authority over Purchaser, including, without limitation, the Consumer Financial Protection Bureau and state licensing
authorities). Notwithstanding anything to the contrary herein, the Parties agree that notwithstanding the foregoing, Purchaser is not assuming Seller’s obligations under the NMS and that any financial penalties that Seller may incur by or
through the “Monitor” under the NMS as a result of any failure of Purchaser or its Affiliates to comply with the terms of the NMS shall remain the liability and obligation of Seller, except in the case of gross negligence or willful
misconduct by Purchaser or its Affiliates; provided, that Seller shall provide prompt written notice to Purchaser following receipt of notice from any Governmental Entity alleging that Purchaser’s conduct constitutes gross negligence or willful
misconduct; 
 (iii) Purchaser and Seller shall manage the litigation with respect to the Mortgage Loans that
exists as of the applicable Servicing Transfer Date in accordance with a protocol that will be mutually agreed prior to the initial Servicing Transfer Date; provided, that, in no event shall Purchaser be required to manage or assume any
responsibility in respect of defending any class action litigation or, subject to Applicable Requirements, any litigation in which Seller, and not Purchaser, is a defendant; and 

  
 29 

 (iv) Seller shall reasonably cooperate with Purchaser with respect to
Purchaser’s performance of its obligations pursuant to this Section 7.12(b), including, but solely with respect to Purchaser’s covenant to comply in all material respects with the servicing standards attached as Exhibit A (Settlement
Term Sheet) to the NMS in accordance with their terms, by providing Purchaser (upon Purchaser’s reasonable request) with a description of any of Seller’s policies and procedures used thereby in connection with servicing the Mortgage Loans
as of the date hereof and by making Seller’s personnel available (at reasonable times and under reasonable conditions) to answer Purchaser’s questions with respect to such policies and procedures. 

(c) From the date hereof, until each applicable Servicing Transfer Date, and as further provided for in that Interim
Servicing Addendum, if applicable, Seller shall at all times be in good standing and authorized to conduct business in each jurisdiction where Seller transacts business and each jurisdiction where a Mortgaged Property is located, except where
the failure of Seller to possess such qualifications would not be material to Purchaser. 
 (d) From the date
hereof, until each applicable Servicing Transfer Date, and as further provided for in that Interim Servicing Addendum, if applicable, Seller shall at all times maintain all Related Escrow Accounts and Custodial Accounts in accordance with the
Applicable Requirements; and, except as to payments which are past due under Mortgage Notes, all balances required by the Mortgages or other Mortgage Loan documents and paid to Seller for the account of the Mortgagors are on deposit in the
appropriate Related Escrow Account or Custodial Account. 
 (e) From the date hereof, until each applicable
Servicing Transfer Date, and as further provided for in that Interim Servicing Addendum, Seller shall remain an approved Agency Seller/Servicer in good standing with the requisite financial criteria and adequate resources to carry out
Seller’s obligations herein, including without limitation under the Interim Servicing Addendum. 
  

	 	Section 7.13	Solicitation Rights. 

 (a) Subject to Section 7.13(b), following the Effective Date, neither Seller nor any of its Affiliates shall solicit the Mortgagors (nor shall Seller or its Affiliates direct any of their agents to
solicit Mortgagors) to refinance the prepayment of the Mortgage Loans related to the Mortgage Servicing Rights. 

(b) The restrictions under Section 7.13(a) shall not apply to: 

(i) Advertising campaigns directed to the general public, including mass mailings based on commercially acquired mailing
lists, newspaper, radio and television advertisements; or 
 (ii) Solicitations for financial services to any
Mortgagor with whom Seller or an Affiliate has an existing customer relationship, unrelated to the Mortgage Loan, including solicitations for refinancing of mortgage loans only to the extent directed at all customers of Seller, or segments thereof
that do not principally target the Mortgagors; 

  
 30 

 provided, however, that Seller and its Affiliates and agents shall not use any proprietary
information related to the Mortgagors’ Mortgage Loans to conduct such advertising campaigns or solicitations to refinance the prepayment of the Mortgage Loans related to the Mortgage Servicing Rights. 

 

	 	Section 7.14	Year End Tax Reporting. 

 Seller shall be responsible for providing the Internal Revenue Service and Mortgagors with all appropriate tax forms and information for transactions affecting the Mortgage Loans during the respective
calendar year, for the period prior to each applicable Servicing Transfer Date. Purchaser shall be responsible for providing the Internal Revenue Service and Mortgagors with all appropriate tax forms and information for transactions affecting the
Mortgage Loans following each applicable Servicing Transfer Date. 
  

	 	Section 7.15	Cooperation. 

Subject to Article XI, and without limiting the application of Sections 7.02, 7.12, 7.16 and 7.17, Seller and Purchaser shall each use its
commercially reasonable efforts to cooperate with and assist each other, as reasonably requested, in carrying out the purposes of the Transaction Documents, and in connection with Seller’s obligations to comply with any remediation plan
requirements, and any other continuing Seller obligations, with respect to the Purchased Assets. Each Party shall use its commercially reasonable efforts to (i) take, or cause to be taken, all appropriate action, and do, or cause to be done,
all things necessary, proper or advisable or otherwise to promptly consummate and make effective the Transactions, (ii) obtain all authorizations, consents or approvals that are or may be or become necessary for the performance of its
obligations under the Transaction Documents and the consummation of the Transactions, including the Servicing Agreement Consent, and (iii) fulfill all conditions to such Party’s obligations under this Agreement and the other Transaction
Documents as promptly as practicable. 
  

	 	Section 7.16	Supplemental Information. 

 From time to time prior to and after each applicable Servicing Transfer Date, Seller shall, at its cost and expense, furnish Purchaser with incidental information, which is reasonably available to
Seller, supplemental to the information contained in the documents and schedules delivered pursuant to this Agreement, which is necessary for the proper servicing of the Mortgage Loans or to ensure compliance with the Servicing Agreement. Seller
shall provide Purchaser with originals of Mortgages and Assignments of Mortgage not previously provided by Seller in accordance with the protocol set forth on Exhibit I. 

 

	 	Section 7.17	Access to Information; Required Actions. 

 (a) If Seller is subject as an actual or prospective plaintiff or defendant to any claim, action, proceeding, investigation, inquiry, audit, examination, judgment, order (including with respect to the NMS
and the Regulator), remediation plan relating to a Mortgage Loan or the Mortgage Servicing Rights or related Servicing, Purchaser, following 

  
 31 

 
each applicable Servicing Transfer Date, shall reasonably cooperate with Seller and (i) make available to Seller, at Seller’s expense, all witnesses, pertinent records, data,
documentation, materials and information in the Purchaser’s possession or under the Purchaser’s control relating thereto and (ii) implement such loss mitigation and remedial action or take such other actions as is reasonably required
by Seller, in each case at Seller’s expense, to prosecute, defend, comply with or otherwise handle such claim, action, proceeding, investigation, inquiry, audit, examination, judgment, order, remediation plan, but subject to applicable laws and
appropriate confidentiality agreements with Seller. 
 (b) Subsequent to each applicable Servicing Transfer Date,
each Party shall furnish to the other Party such periodic, special, or other reports or information, and copies or originals of any documents contained in the Credit and Servicing File, for each related Mortgage Loan provided for herein, as may be
reasonably requested in furtherance of the fulfillment of the requesting Party’s duties and obligations hereunder, under any Transaction Documents, or under Applicable Requirements, at the requesting Party’s sole cost and expense unless
otherwise expressly provided in a Transaction Document, and provided that if any Transaction Document otherwise obligates the requested Party to deliver such materials or information without payment of costs, expense, or other consideration, this
Section 7.17(b) shall not obligate the requesting Party to pay such cost or expense. All such reports, documents or information shall be provided by and in accordance with all reasonable instructions and directions which the requesting Party
may give. Such documents shall be provided reasonably promptly following such a request. Purchaser shall not provide originals or copies of the Credit and Servicing Files to any Person that does not have a right thereto under the Servicing Agreement
and Applicable Requirements. 
 (c) In connection with any action, claim or proceeding concerning MI or insurance
with respect to any Mortgage Loan by an Insurer: 
 (i) Purchaser shall comply with the covenants specified in
Exhibit L and, in each case at Seller’s expense, reasonably cooperate with Seller and make available to Seller any communication (including any request for missing documents, notification of impending coverage rescission, notification of
impending claim denial, claim denials, coverage rescissions, and curtailments), all witnesses, pertinent records, and any materials and information in Purchaser’s possession or control relating thereto as may be reasonably required by Seller to
bring or defend such action, claim or proceeding. The cooperation obligations in this Section shall include the obligation of Purchaser to provide Seller with notice within a reasonable time but no later than fifteen (15) Business Days after
Purchaser becomes aware of any such action, claim or proceeding; and 
 (ii) Upon the request of Seller,
Purchaser and Purchaser’s designee shall provide written authorization to the Insurers, if required, to allow Seller to respond to any such action, claim or proceeding directly to an Insurer. Such authorization shall state that Purchaser
and Purchaser’s designee, as the case may be, ratify Seller’s ability to take steps the Seller determines to be reasonably necessary to pursue coverage under the MI, bond insurance or other insurance policies, including, without
limitation, prosecuting and/or defending litigation and/or arbitration with mortgage insurers with respect to claims made and/or rescissions, denials or 

  
 32 

 
curtailments the mortgage insurers have attempted or will attempt to effectuate, as well as settling with mortgage insurers at Seller’s discretion, either in Seller’s own name or
as subcontractor or agent for Purchaser, but excluding any MI actions, claims or proceedings that arise from alleged servicing-related activities occurring after each applicable Servicing Transfer Date. At Seller’s request, Purchaser shall
appoint Seller as its subcontractor or agent pursuant to the Servicing Agreement for the purpose of accomplishing the foregoing. Purchaser and/or Purchaser’s designee agree to execute all reasonable servicing-related functions pursuant to the
terms of any existing or future settlements (copies of which will be provided to Purchaser), including processing claims, premiums, claim payments, etc. in accordance with the terms of a settlement agreement.] 

(d) Additionally, each Party shall provide the other Party prompt notice of, and provide documents or communications evidencing or
relating to: (i) any lawsuit, counterclaim or third party claim involving any Mortgage Loan, or (ii) any repurchase claim made by a third party or any Investor involving any Mortgage Loan, or (iii) any notice of claim cancellation or
denial or a rescission of coverage by any mortgage insurance company relating to any Mortgage Loan, which if to Seller shall be sent to the e-mail address specified in the Servicing Transfer Instructions. 

(e) Subject to applicable laws, Purchaser shall provide Seller with monthly reports with information about each Mortgage
Loan based on the data fields specified in Exhibit H hereto. Seller shall use such information solely to manage its continuing liabilities and obligations with respect to the Mortgage Loans, including its contingent liability, or its
Affiliates’ contingent liabilities, to repurchase from, or provide make-whole payments to, any Investor, Insurer or any other Person, including any Agency as more fully described in the Tri-Party Agreement, and for no other purpose. 

 

	 	Section 7.18	Tax, Flood and Other Set Up Costs. 

 Seller shall bear and pay all fees relating to the transfer of servicing to the Purchaser, including any Investor’s transfer processing fees, assignment preparation and recording fees (including in
the case of any deficient assignments that are re-sent for recordation by Purchaser), MERS fees and costs of delivery and deposit expenses for the shipment of the Collateral Files, and the shipment of Credit and Servicing Files to the extent not
delivered in the form of electronically imaged copies, to Purchaser and/or Custodian. Seller shall not be responsible for the costs of any tax or flood services contracts, certifications or set up costs, provided that Seller delivers all contracts
or information as required by Sections 7.04(e) and 7.05(d), as applicable. If Seller fails to deliver such contracts or information, or such information is incorrect as to any Mortgage Loan, Seller shall bear and pay Purchaser’s actual,
out-of-pocket costs and expenses for such contracts, certifications or set up costs for such Mortgage Loans, not to exceed $85.00 per Mortgage Loan for tax services contracts, and not to exceed $10.00 per Mortgage Loan for flood certifications.

  

	 	Section 7.19	Document Custodian. 

Bank of America, N.A., acting through its contractor and wholly owned subsidiary, ReconTrust Company, N.A., shall act as the initial
Custodian for Purchaser as of each Servicing Transfer Date. Seller shall reasonably cooperate with Purchaser in Purchaser’s negotiation of a Custodial Agreement with ReconTrust Company, N.A. prior to the Sale Date. The fees and expenses of any
Custodian, and other costs of delivery of documents with respect to any Mortgage Loan to any Custodian, other than the Custodian used with respect to such Mortgage Loan as of the Sale Date shall be borne by the Purchaser. 

  
 33 

	 	Section 7.20	Use of Name. 

Except as otherwise required by applicable law, Purchaser shall not use Seller’s name in connection with Purchaser’s or its
designee’s servicing of the Mortgage Loans or ownership of the Purchased Assets after each applicable Servicing Transfer Date, and shall remove all references to the name of Seller in materials and communications used in connection with
Purchaser’s or its designee’s servicing of the Mortgage Loans or ownership of the Purchased Assets promptly after such Servicing Transfer Date. 
  

	 	Section 7.21	Conduct of Business Prior to the Closing. 

 From the date of this Agreement until the Sale Date, except as contemplated by this Agreement or as required by Applicable Requirements, the Seller shall use commercially reasonable efforts to conduct its
servicing business with respect to the Mortgage Servicing Rights and operate the Purchased Assets in the ordinary course of business. Without limiting the generality of the foregoing sentence, from the date of this Agreement until the Sale Date,
except as contemplated by this Agreement or as required by the Applicable Requirements, the Seller shall not, without the prior written consent of Purchaser, which shall not be unreasonably withheld or delayed: 

(a) amend in any material respect or terminate the Servicing Agreement; provided, however, that the expiration of any such
Servicing Agreement by its terms prior to the Sale Date shall be deemed not to be a termination of such Servicing Agreement under this clause (a); 
 (b) sell, transfer, assign, cancel, surrender, subject to any lien or otherwise dispose of or encumber any of the Purchased Assets in one transaction or a series of related transactions; 

(c) sell any Purchased Assets; or 
 (d) agree to do any of the foregoing. 
  

	 	Section 7.22	No Transfer Without Consent. 

 Notwithstanding anything herein to the contrary, this Agreement shall not constitute an agreement to sell, assign, transfer, convey or deliver any interest in any Purchased Assets if a sale, assignment,
transfer, conveyance, or delivery or an attempt to make such a sale, assignment, transfer, conveyance, or delivery without obtaining any applicable Servicing Agreement Consent would constitute a breach or violation of the Servicing Agreement or
would affect adversely the rights of the Seller or the Purchaser thereunder; and any sale, assignment, transfer, conveyance, or delivery to the Purchaser of any interest in the Purchased Assets shall be made subject to such Servicing Agreement
Consent. 

  
 34 

	 	Section 7.23	Use of Vendors. 

Purchaser will enter into discussions with Safeguard Properties Management, LLC (“Safeguard”) and Safeguard Properties, LLC,
between the date hereof and the initial Servicing Transfer Date in order to explore and discuss the possibility of entering into one or more agreements effective as of the initial Servicing Transfer Date pursuant to which Purchaser would continue to
use Safeguard for the provision of Services in respect of all Mortgage Servicing Rights acquired hereunder on substantially the same terms as contained in the Outsourcing Agreement and Statement of Work (collectively, the “Services
Agreement”), a copy of which Seller provided to Purchaser. “Services” shall have the meaning set forth in the Services Agreement. Purchaser will undertake such discussions in good faith in an effort to enter into such agreements to
the extent that it is reasonably satisfied with the quality, pricing and other terms of such services as may be agreed with Safeguard. Notwithstanding the foregoing, but without limiting the foregoing, nothing contained herein shall require
Purchaser to execute an agreement to procure the Services from Safeguard either at all or on any specific terms and conditions. 
  

	 	Section 7.24	Cooperation with Financing Efforts. 

 The Seller shall, at the Purchaser’s sole cost and expense, provide all cooperation reasonably requested by the Purchaser (that is customary) in connection with the Purchaser’s obtaining any
financing required to consummate the Transactions (provided, that such requested cooperation shall not interfere unreasonably with the business or operations of the Seller), including delivering to the Purchaser (and/or assisting the Purchaser to
prepare) reasonable due diligence materials pertaining to the Purchased Assets and requested by the Purchaser’s lenders or their representatives (including information to be used in the preparation of an informational package regarding the
business, operations, financial projections and prospects of the Purchaser and the Purchased Assets which is customary for such financing or reasonably necessary for the completion of such financing by such lenders, to the extent reasonably
requested by Purchaser). 
  

	 	Section 7.25	Excess Yield. 

 In
the event that Seller has conveyed or advanced any “excess yield” to FNMA (whether pursuant to any Excess Servicing Rights Agreement or otherwise), Seller shall have no right to reimbursement in respect thereof from Purchaser. 

 

	 	Section 7.26	Subsequent Transfer of Mortgage Servicing Rights 

 If Purchaser assigns a Mortgage Servicing Right to any Person, it shall either obtain an agreement from such Person to assume Purchaser’s obligations under and otherwise comply with the requirements
applicable to Purchaser set forth in Sections 7.12(b) (but with respect to clauses (ii) and (iii) only for so long as the applicable obligations under the NMS remain outstanding), 7.15 and 7.17, and shall ensure such Person’s
compliance therewith. 
  

	 	Section 7.27	Joint Marketing Agreement 

 Promptly following the Effective Date, Seller shall share with Purchaser information regarding Mortgagors necessary or reasonably requested to enable Purchaser, following the Sale Date, to conduct
refinancing solicitations of such Mortgagors and shall use best efforts to direct any 

  
 35 

 
refinancing inquiries from Mortgagors to Purchaser, all in accordance with and subject to Applicable Requirements. Notwithstanding the foregoing, any refinancing solicitation of Mortgagors
by Purchaser based on information provided by Seller, including references to Seller, shall only be conducted pursuant to a mutually agreeable protocol to be entered into by Purchaser and Seller promptly following the Effective Date (and in any
event, within ten (10) days thereafter) or within such other time period mutually agreed upon by Purchaser and Seller). Purchaser shall indemnify, defend and hold Seller and its Related Parties harmless from and shall reimburse Seller and its
Related Parties for any Losses suffered or incurred by Seller or its Related Parties that result from or arise out of Purchaser’s failure to use such information regarding, and solicit for refinancing, such Mortgagors in accordance with
Applicable Requirements and the agreed upon protocol. Notwithstanding the foregoing, Purchaser shall neither indemnify, defend and hold Seller and its Related Parties harmless from nor reimburse Seller and its Related Parties for any Losses suffered
or incurred by Seller or its Related Parties that result from or arise out of Purchaser’s reliance on the information provided by Seller pursuant to the agreed upon protocol relating to either the Mortgagor’s bankruptcy status or the
Mortgagor’s prior notice to Seller of opt-out from information sharing. Purchaser acknowledges that Seller will not provide any information to Purchaser regarding whether Mortgagors in California have opted in or opted out of information
sharing or otherwise are eligible or ineligible for solicitation based on such information sharing by virtue of California privacy laws. 
  

	 	Section 7.28	Compensatory Fee Payment 

 Prior to the Sale Date, Seller shall pay to FNMA all amounts required to be paid thereby pursuant to the Compensatory Fee Resolution Agreement between Seller and FNMA. 

ARTICLE VIII 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER 
 The obligations
of Purchaser under this Agreement are subject to the satisfaction, or waiver, of the following conditions as of the Sale Date. 
  

	 	Section 8.01	Correctness of Representations and Warranties. 

 The representations and warranties made by Seller in Article IV of this Agreement (other than the Fundamental Reps in Article IV) are true and correct, except for the failure or failures of such
representations and warranties to be so true and correct that (after excluding any effect of materiality or Seller Material Adverse Effect qualifications set forth in any such representation or warranty) have not had and would not reasonably be
expected to have, individually or in the aggregate, a Seller Material Adverse Effect. The Fundamental Reps made by Seller in Article IV of this Agreement are true and correct in all material respects. 

 

	 	Section 8.02	Compliance with Conditions. 

 All of the terms, conditions, covenants and obligations of this Agreement required to be complied with and performed by Seller prior to the Sale Date, shall have been duly performed in all material
respects. 

  
 36 

	 	Section 8.03	No Actions. 

 There
shall not have been commenced or, to Seller’s knowledge, threatened any action, suit or proceeding which will likely materially and adversely affect the consummation of the Transactions. 

 

	 	Section 8.04	Consents. 

 Seller
shall have obtained all consents, approvals or other requirements of third parties, if any, required for the consummation of the Transactions, including the Servicing Agreement Consent. 

 

	 	Section 8.05	Tri-Party Agreement. 

 Seller, Purchaser and FNMA shall have entered into the Tri-Party Agreement. 
  

	 	Section 8.06	Certificate of Seller. 

 On the Sale Date, Seller shall provide Purchaser a certificate, substantially in the form attached hereto as Exhibit D, signed by an authorized officer of Seller dated as of such date, applicable to the
Transactions, to the effect that the conditions set forth in Sections 8.01and 8.02 have been satisfied as of such date. 
  

	 	Section 8.07	Delivery of Documents; Advance Financing. 

 Seller shall have delivered to Purchaser each of the documents provided for in Section 2.02(b) hereof, as applicable. 
 ARTICLE IX 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER

 The obligations of Seller under this Agreement are subject to the satisfaction, or waiver, of the following conditions as
of the Sale Date: 
  

	 	Section 9.01	Correctness of Representations and Warranties. 

 The representations and warranties (other than the Fundamental Reps) made by Purchaser in this Agreement are true and correct, except for the failure or failures of such representations and warranties to
be so true and correct that (after excluding any effect of materiality or Purchaser Material Adverse Effect qualifications set forth in any such representation or warranty) have not had and would not reasonably be expected to have, individually or
in the aggregate, a Purchaser Material Adverse Effect. The Fundamental Reps made by Purchaser in this Agreement are true and correct in all material respects. 
  

	 	Section 9.02	Compliance with Conditions. 

 All of the terms, conditions, covenants and obligations of this Agreement required to be complied with and performed by Purchaser prior to the Sale Date, shall have been duly performed in all material
respects. 

  
 37 

	 	Section 9.03	Corporate Resolution. 

 Seller shall have received from Purchaser a certified copy of its corporate resolution approving the execution and delivery of this Agreement and the consummation of the Transactions, together with such
other certificates of incumbency and other evidences of corporate authority as Seller or its counsel may reasonably request. 
  

	 	Section 9.04	Certificate of Purchaser. 

 On the Sale Date, Purchaser shall provide Seller a certificate, substantially in the form attached hereto as Exhibit D, signed by an authorized officer of Purchaser dated as of such date,
applicable to the Transactions, to the effect that the conditions set forth in Sections 9.01 and 9.02 have been satisfied as of such date. 
  

	 	Section 9.05	No Actions. 

 There
shall not have been commenced or, to the best of Purchaser’s knowledge, threatened any action, suit or proceeding that will likely materially and adversely affect the consummation of the Transactions. 

 

	 	Section 9.06	Delivery of Documents. 

 Purchaser shall have delivered to Seller each of the documents provided for in Section 2.02(b) hereof, as applicable. 
 ARTICLE X 
 TERMINATION 

 

	 	Section 10.01	Termination. 

 (a) This Agreement may be terminated at any time either (x) prior to the Closing with respect to the sale of Mortgage Servicing Rights or (y) except under Section 10.01(a)(iv) hereof, after
the applicable Closing with respect to the related Interim Servicing Addendum as applied to the relevant Mortgage Loans: 
 (i) by the mutual written agreement of Purchaser and the Seller; 

(ii) by the Seller or Purchaser (provided, that the terminating Party is not then in breach of any representation,
warranty, covenant or other agreement contained herein in any material respect, after excluding any effect of materiality or Seller Material Adverse Effect or Purchaser Material Adverse Effect qualifications set forth in any such representation or
warranty) if there shall have been a breach of any of the applicable representations or warranties set forth in this Agreement on the part of the other Party, such that a condition to the obligation of the terminating Party to close the Transactions
set forth in Article VIII or IX, as applicable, cannot be satisfied and which breach by its nature cannot be cured prior to the Termination Date or shall not have been cured within thirty (30) days after delivery of written notice of such
breach by the terminating Party to the other Party; 

  
 38 

 (iii) by the Seller or Purchaser (provided, that the terminating
Party is not then in breach of any representation, warranty, covenant or other agreement contained herein in any material respect, after excluding any effect of materiality or Seller Material Adverse Effect or Purchaser Material Adverse Effect
qualifications set forth in any such representation or warranty) if there shall have been a failure to perform or comply with any of the applicable covenants or agreements set forth in this Agreement on the part of the other Party in any material
respect, such that a condition to the obligation of the terminating Party to close the Transactions set forth in Article VIII or IX, as applicable, cannot be satisfied and which failure by its nature cannot be cured prior to the Termination Date or
shall not have been cured within thirty (30) days after delivery of written notice of such failure by the terminating Party to the other Party; 
 (iv) by the Seller or Purchaser, if the Closing or applicable Subsequent Closing shall not have occurred by the Termination Date or such later date as shall have been agreed to in writing by Purchaser and
the Seller; provided, that no Party may terminate this Agreement pursuant to this Section 10.01(a)(iv) if the failure of the Closing or such Subsequent Closing to have occurred on or before the Termination Date was due to such
Party’s willful breach of any representation or warranty or material breach of any covenant or other agreement contained in this Agreement; 
 (v) by the Seller or Purchaser if (A) final action has been taken by a Governmental Entity whose approval is required in connection with this Agreement and the Transactions, which final action
(1) has become unappealable and (2) does not approve this Agreement or the Transactions, (B) any Governmental Entity whose approval or nonobjection is required in connection with this Agreement and the Transactions has stated that it
will not issue the required approval or nonobjection, or (C) any court of competent jurisdiction or other Governmental Entity shall have issued an order, decree, ruling or taken any other action restraining, enjoining or otherwise prohibiting
the Transactions and such order, decree, ruling or other action shall have become final and unappealable. 
 (b)
Either Party desiring to terminate this Agreement pursuant to Section 10.01(a) shall give written notice of such termination to the other Party. 
  

	 	Section 10.02	Effect of Termination. 

 In the event of termination of this Agreement pursuant to Section 10.01(a), (a) this Agreement shall forthwith become void and have no further force, except that the provisions of this
Section 10.02, Section 12.01, Section 12.02, Section 12.03, Section 12.04, Section 12.06, Section 12.07, Section 12.09, Section 12.10, Section 12.11, Section 12.12, Section 12.14 and
Section 12.15, and any other Section which, by its terms, relates to post-termination rights or obligations, shall survive such termination of this Agreement and remain in full force and effect, (b) Purchaser shall return to Seller all
documents, information and other materials received from Seller or its representatives relating to Mortgage Servicing Rights, Mortgage Loans or Servicing, and the Transactions, whether so obtained before or after the execution hereof, without
retention of copies thereof other than as required by applicable law or as required by Purchaser’s bona fide internal record keeping and retention policies and (c) Seller and Purchaser shall promptly cause the Escrow

  
 39 

 
Agent to disburse the remaining portion of the Deposit to Purchaser pursuant to Section 3.01(a) hereof, related to the Mortgage Servicing Rights under a Servicing Agreement as to which this
Agreement is terminated; provided, that such termination is not by Seller pursuant to Section 10.01(a) hereof based on a breach by Purchaser. Notwithstanding the foregoing, the termination of this Agreement pursuant to Section 10.01(a)
shall not affect the rights of either Party with respect to any liabilities incurred or suffered by such Party as a result of the breach by the other Party of any of its representations, warranties, covenants or agreements in this Agreement.

 ARTICLE XI 
 INDEMNIFICATION; CURE OR REPURCHASE 
  

	 	Section 11.01	Indemnification by Seller. 

 Seller shall indemnify, defend and hold Purchaser and its Related Parties harmless from and shall reimburse Purchaser and its Related Parties for any Losses suffered or incurred by Purchaser or its
Related Parties that result from or arise out of: 
 (a) Any breach of any representation or warranty by Seller;

 (b) Any non-fulfillment of any covenant or other obligation of Seller contained in this Agreement or the
Interim Servicing Addendum; and 
 (c) Any failure by Seller or any originator or prior servicer to originate,
pool, sell or service any of the Mortgage Loans prior to each Servicing Transfer Date in compliance with all Applicable Requirements; 

provided further, however, that Seller shall not be responsible to Purchaser or its Related Parties for that portion, if any, of any Loss that arises out
of or results from Purchaser’s or its designee’s failure to service any of the Mortgage Loans or Mortgage Servicing Rights after each Servicing Transfer Date in compliance with all Applicable Requirements; and provided further, however,
that Purchaser or such Related Parties have taken all reasonable and appropriate actions to mitigate any such Losses. Purchaser shall notify Seller promptly after receiving written notice of the assertion of any litigation, proceedings, governmental
investigations, orders, injunctions, decrees or any third party claims subject to indemnification under this Agreement (each, a “Third Party Claim”), provided, however the failure to give such notification will not affect the
indemnification provided hereunder unless the Seller is materially prejudiced by such failure and had no actual knowledge of such Third Party Claim, and then only to the extent of such prejudice. Upon receipt of such notice of a Third Party Claim,
Seller shall have the right to assume the defense of such Third Party Claim using counsel of its choice reasonably satisfactory to Purchaser; provided, however, Seller shall obtain the prior written approval of Purchaser before entering into any
settlement of such Third Party Claim that includes any non-monetary relief, remedies or obligations that would be applicable to Purchaser or the Purchased Assets, which approval shall not be unreasonably withheld. In the event Purchaser reasonably
concludes that there may be legal defenses available to it that are different from or in addition to those available to Seller, Purchaser shall have the right to select separate counsel and to otherwise separately defend itself but shall not consent
to the entry of a judgment or enter into any settlement with respect to the Third Party Claim without the prior written consent of Seller, which consent shall not be unreasonably withheld. Any exercise of such rights by Purchaser shall not relieve
Seller of its obligations and liabilities under this Section 11.01 or any other provision of this Agreement. With respect to any Third Party Claim subject to indemnification under this Agreement, Purchaser agrees to cooperate and cause its
Related Parties to cooperate in good faith with Seller to ensure the proper and adequate defense of such Third Party Claim. 

  
 40 

	 	Section 11.02	Indemnification by Purchaser. 

 Purchaser shall indemnify, defend and hold Seller and its Related Parties harmless from and shall reimburse Seller and its Related Parties for any Losses suffered or incurred by Seller or its Related
Parties that result from or arise out of: 
 (a) Any breach of a representation or warranty by Purchaser;

 (b) Any non-fulfillment of any covenant or obligation of Purchaser contained in this Agreement or in the
Interim Servicing Addendum; 
 (c) Any failure by Purchaser or its designee’s to service any of the Mortgage
Loans and Mortgage Servicing Rights after each Servicing Transfer Date in compliance with all Applicable Requirements, except if and to the extent such failure results from a breach of a representation or warranty by Seller or any prior act or
omission of Seller or any originator or prior servicer in violation of Applicable Requirements; and 
 (d)
Seller’s cooperation with Purchaser’s financing efforts pursuant to Section 7.24 hereof, including the arrangement of such financing and information provided by Seller for such purpose and utilized in connection therewith, without
regard to the relative fault of the Parties or any other equitable considerations, except to the extent that such information provided by Seller is materially inaccurate; 
 provided, however, that Seller or Related Party has taken all reasonable and appropriate actions to mitigate any such Losses. Seller shall notify Purchaser promptly after receiving written notice of the
assertion of any Third Party Claim, provided, however, that the failure to give such notification will not affect the indemnification provided hereunder unless the Purchaser is materially prejudiced by such failure and had no actual knowledge of
such Third Party Claim, and then only to the extent of such prejudice. Upon receipt of such notice of a Third Party Claim, Purchaser shall have the right to assume the defense of such Third Party Claim using counsel of its choice reasonably
satisfactory to Seller; provided, however, Purchaser shall obtain the prior written approval of Seller before entering into any settlement of such Third Party Claim that includes any non-monetary relief, remedies or obligations that would be
applicable to Seller, which approval shall not be unreasonably withheld. In the event Seller reasonably concludes that there may be legal defenses available to it that are different from or in addition to those available to Purchaser, Seller shall
have the right to select separate counsel and to otherwise separately defend itself but shall not consent to the entry of a judgment or enter into any settlement with respect to the Third Party Claim without the prior written consent of Purchaser,
which consent shall not be unreasonably withheld. Any exercise of such rights by Seller shall not relieve Purchaser of its obligations and liabilities under this Section 11.02 or any other provision of this Agreement. With respect to any Third
Party Claim subject to indemnification under this Agreement, Seller agrees to cooperate in good faith with Purchaser to ensure the proper and adequate defense of such Third Party Claim. 

  
 41 

	 	Section 11.03	Cure or Repurchase. 

 (a) Seller shall repurchase the Mortgage Servicing Rights with respect to any Mortgage Loan from Purchaser if Seller or an Affiliate of Seller is obligated to repurchase the related Mortgage Loan from the
Investor. Seller shall repurchase such Mortgage Servicing Rights from the Purchaser at the Repurchase Price, and reimburse Purchaser for the related outstanding Advances that were previously reimbursed to Seller by Purchaser in accordance with
Article III of this Agreement and not recovered by Purchaser, or advances of the same type as the Advances that were properly made by Purchaser after each Servicing Transfer Date that are fully reimbursable pursuant to the related Servicing
Agreement and as to which Purchaser is entitled to recovery. 
 (b) The Purchase Price recapture under this
Section 11.03 and Section 11.04 (the “Repurchase Price”) shall be subject to the following provisions: from the Sale Date until the first anniversary of the Sale Date, the Seller shall pay Purchaser one hundred
(100%) percent of the Purchase Price Percentage multiplied by the unpaid principal of the related Mortgage Loan as of the date of repurchase; after the first anniversary of the Sale Date and until the second anniversary of the Sale Date, the
Seller shall pay Purchaser seventy-five (75%) percent of the Purchase Price Percentage multiplied by the unpaid principal of the related Mortgage Loan as of the date of repurchase; after the second anniversary of the Sale Date and until the
third anniversary of the Sale Date, the Seller shall pay Purchaser fifty (50%) percent of the Purchase Price Percentage multiplied by the unpaid principal of the related Mortgage Loan as of the date of repurchase; after the third anniversary of
the Sale Date and until the fourth anniversary of the Sale Date, the Seller shall pay Purchaser twenty-five (25%) percent of the Purchase Price Percentage multiplied by the unpaid principal of the related Mortgage Loan as of the date of
repurchase; and after the fourth anniversary of the Sale Date, the Seller shall not pay any amount for the related Mortgage Servicing Rights. 
 (c) Notwithstanding anything to the contrary in this Agreement, but subject to Purchaser’s right to appeal any demands by any Investor and subject to Purchaser’s right to indemnification under
this Article XI, Purchaser acknowledges and agrees that Purchaser shall be obligated to cure and/or repurchase any Mortgage Loan, if requested by the Investor, if the repurchase required by such Investor results from or arises out of
(i) Purchaser’s having breached any representation, warranty, covenant, or other provision of this Agreement in any respect, (ii) Purchaser’s having failed to service any Mortgage Loan in accordance with Applicable Requirements
and generally accepted servicing practices, or (iii) any act or omission of Purchaser (or any of its agents or representatives) which caused the Seller to breach the Servicing Agreement in any respect. 

 

	 	Section 11.04	Subsequent Transfer Due to Repurchase. 

 (a) In the event the Seller is required to repurchase any Mortgage Servicing Rights pursuant to Section 11.03 or otherwise, or requests a repurchase of Mortgage Servicing Rights related to a Mortgage
Loan pursuant to the terms of this Agreement, on the next available Investor transfer date or such other date as agreed to by Purchaser and Seller, Seller shall deliver to Purchaser the related Repurchase Price and any other amounts to which
Purchaser may be entitled under this Agreement in connection with a repurchase and Purchaser shall transfer the Mortgage Servicing Rights with respect to such Mortgage Loan to Seller. Upon such date, the Purchaser shall fully release its ownership
interest in such Mortgage Servicing Rights and will have no claim to ownership of or any other interest in such Mortgage Loan. 

  
 42 

 (b) In the event the Seller or an Affiliate of Seller is required to
repurchase any Mortgage Loans pursuant to the applicable Servicing Agreement, on the next available Investor transfer date, if applicable, or such other date as agreed to by Purchaser and Seller, Seller shall deliver to Purchaser or the Investor, as
applicable, the related Repurchase Price and the Purchaser shall transfer or cooperate in the transfer, as applicable, of the Mortgage Loan to Seller. Upon such date, the Purchaser shall fully release its ownership interest in the Mortgage Servicing
Rights with respect to such Mortgage Loan and will have no claim to ownership of or any other interest in such Mortgage Loan, and shall recognize the Seller as the owner of such Mortgage Loan and related Mortgage Servicing Rights. 

(c) In the event that the Seller repurchases any Mortgage Loans, the Purchaser agrees to cooperate with the Seller, and
any party designated as the successor servicer or subservicer, in transferring the Servicing to such successor servicer and/or in transferring the Mortgage Loan to Seller. In addition, the Purchaser shall be responsible for notifying the related
Mortgagors of any transfer of Servicing in accordance with the Applicable Requirements. On or before the date upon which Servicing is transferred from the Purchaser to any successor servicer, with respect to one or more of the Mortgage Servicing
Rights related to a Mortgage Loan and/or the Mortgage Loan is transferred to Seller, as applicable and as described in the preceding paragraphs of this Section 11.04 (the “Subsequent Transfer Date”), the Purchaser shall prepare,
execute and deliver to the successor servicer any and all Mortgage Loan Documents, data tapes, and other instruments necessary or appropriate to effect the purposes of Servicing, and shall deliver all custodial and escrow funds related to such
Mortgage Loans. The Purchaser shall reasonably cooperate with the Seller and such successor servicer in effecting the transfer of the Purchaser’s responsibilities and rights hereunder with respect to one or more of the Mortgage Servicing Rights
related to a Mortgage Loan and/or Mortgage Loans. Seller shall bear all costs and expenses reasonably related to the transfer of such Mortgage Loans (including with regard to assignments (including in the case of any deficient assignments that are
re-sent for recordation by Purchaser)). Notwithstanding the foregoing, the Parties may agree to the continued servicing or subservicing of any related Mortgage Loan by Purchaser or an Affiliate thereof on behalf of Seller, commencing on such
Subsequent Transfer Date, pursuant to any existing or new servicing or subservicing agreement with Seller. In such event, Purchaser shall not be required to notify related Mortgagors of the transfer of servicing or deliver to Seller such Mortgage
Loan Documents, data tapes, or other instruments, custodial or escrow funds, to the extent agreed by the Parties. 
  

	 	Section 11.05	Other Indemnification Provisions. 

 Other than to seek to compel performance a Party’s obligations under the Agreement, the indemnification and cure and repurchase provisions of this Article XI shall be the sole and exclusive remedies
of each Party and their respective Related Parties (a) for any breach of any representation, warranty, covenant or agreement by the other Party contained in this Agreement and (b) arising out of the transactions contemplated by this
Agreement, either under this Agreement, at law or in equity. For the avoidance of doubt, the right of any Person to receive an indemnification payment or payment in connection with a repurchase under this Article XI shall not create a right to
offset 

  
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against such indemnification or repurchase payment any fee or payment payable by such Person under this Agreement; provided, however, that such Person shall have a right to offset against such
payment any such fee or payment payable by such Person under this Agreement to the extent that such payment (i) has been agreed to by the Parties in writing or (ii) has been determined pursuant to a final and nonappealable award or
decision by an arbitrator in accordance with Section 12.10 or, if applicable, a court of competent jurisdiction. 
  

	 	Section 11.06	Limitations on Indemnification. 

 (a) In addition to the other limitations contained in this Agreement, the indemnification obligations of Seller under this Article XI are subject to the following terms and conditions: (i) Seller
shall be liable to the Purchaser and Purchaser Related Parties under Sections 11.01(a) and 11.01(c) (except with respect to Fundamental Reps, to which this clause (i) shall not apply) only if the aggregate amount of all Losses under Sections
11.01(a) and 11.01(c) exceeds one and one-half percent (1.5%) of the Purchase Price actually paid (the “Threshold”), in which case Seller shall be obligated to indemnify the Purchaser and Purchaser Related Parties for the aggregate
amount of all such Losses under Sections 11.01(a) and 11.01(c) in excess of the Threshold; and (ii) Seller shall have no liability for indemnification hereunder for any Loss arising from a change in or contrary judicial interpretation of any
federal, foreign, state or local law after the Sale Date having a retroactive effect. 
 (b) In addition to the
other limitations contained in this Agreement, except with respect to Purchaser’s obligation to pay the Purchase Price and reimburse Seller for Advances in accordance with the terms of this Agreement, Purchaser’s indemnification
obligations under this Article XI are subject to the following terms and conditions: Purchaser shall be liable to the Seller and Seller Related Parties under Sections 11.02(a) and 11.02(c) (except with respect to Fundamental Reps, to which this
limitation shall not apply) only if the aggregate amount of all Losses under Sections 11.02(a) and 11.02(c) exceeds the Threshold, in which case Purchaser shall be obligated to indemnify the Seller and Seller Related Parties for all such Losses
under Sections 11.02(a) and 11.01(c) in excess of the Threshold. 
 (c) In determining (i) whether there has
been a breach of any representation or warranty by Seller or Purchaser pursuant to Section 11.01(a) or Section 11.02(a), respectively, and (ii) the amount of any Loss arising from such breach, such representation and warranty shall be
considered without regard to any qualification by or reference to the words “Seller Material Adverse Effect,” “Purchaser Material Adverse Effect,” “material,” “materially” or any other similar words contained
therein. 
  

	 	Section 11.07	Survival. 

 All of
the representations and warranties of Seller contained in Article IV and all of the representations and warranties of Purchaser contained in Article VI shall survive the Sale Date, and continue in full force and effect for a period of eighteen
(18) months thereafter (except in the case of Fundamental Reps, which shall survive indefinitely) and, except as otherwise provided in this Section 11.07, no Person may seek indemnification, cure or repurchase under this Article XI with
respect to a breach of such representations and warranties after the expiration of such eighteen (18) month period. All of the representations and warranties of Seller contained in Article V shall

  
 44 

 
survive the Sale Date, and continue in full force and effect for a period of eighteen (18) months thereafter (except in the case of Fundamental Reps, which shall survive indefinitely and,
except in the case of Section 5.03 (Advances), which shall survive for forty-eight (48) months) and, except as otherwise provided in this Section 11.07, Purchaser and its Related Parties may not seek indemnification, cure or
repurchase under this Article XI with respect to a breach of such representations and warranties after the expiration of such eighteen (18) month period; provided, however, that, in the case of any Third Party Claims, Purchaser and its Related
Parties shall be entitled to seek indemnification, cure or repurchase under this Article XI with respect to a breach of such representations and warranties for a period of forty-eight (48) months following the Sale Date. The indemnification
obligations of Seller and Purchaser under Section 11.01(c) and 11.02(c), respectively, shall survive the Sale Date, and continue in full force and effect for a period of eighteen (18) months thereafter and, except as otherwise provided in
this Section 11.07, Purchaser and Seller and their respective Related Parties may not seek indemnification under Sections 11.01(c) and 11.02(c), respectively, with respect to a fact or circumstance that gives rise to such indemnification after
the expiration of such eighteen (18) month period; provided, however, that, in the case of any Third Party Claims, Purchaser and Seller and their respective Related Parties may seek indemnification under Sections 11.01(c) and 11.02(c),
respectively, for a period of forty-eight months following the Sale Date. Such survival periods in all cases shall be extended to five (5) years with respect to claims by Purchaser against Seller arising out of or resulting from missing or
materially inaccurate Credit and Servicing Files in violation of Applicable Requirements as to which Purchaser cannot determine with reasonable certainty the Applicable Requirements thereof. The foregoing limitations shall not apply with respect to
those specific pending claims for indemnification for which the requisite written notice was given by either Party to the other Party on or prior to the end of the applicable survival period and as to which Losses have begun to accrue. The
Parties’ respective covenants and agreements contained in this Agreement to be performed at or after the Sale Date, shall survive indefinitely unless otherwise set forth herein; provided, however, that any such survival shall not be deemed,
directly or indirectly, to affect the survival periods specifically applicable to claims with respect to representations and warranties and indemnities provided in this Section. 

 

	 	Section 11.08	Treatment of Indemnity Payments. 

 Amounts paid under this Article VII shall be treated as adjustment to the Purchase Price and the Parties will report such payments consistent with such treatment, unless there is no basis for doing so
under applicable law. 
 ARTICLE XII 
 MISCELLANEOUS 
  

	 	Section 12.01	Costs and Expenses. 

Each of the Parties hereto shall bear its own fees, expenses and commissions of financial, legal and accounting advisors and other outside
consultants incurred in connection with the due diligence, negotiation and execution of this Agreement and the Transactions. In addition, Seller shall be responsible for all costs, fees and expenses relating to: (i) file shipping costs and
image transfer costs in connection with the sale of the Mortgage Servicing Rights contemplated herein; (ii) all registration fees or transfer costs assessed by MERS to reflect the transfer of the Mortgage Loans

  
 45 

 
registered with MERS; (iii) all fees and costs required to generate and deliver (and record) Assignments of Mortgage instruments to Purchaser (including the reimbursement of Purchaser for
any required re-recordings made thereby as provided in Section 7.01(b)); (iv) transfer fees and expenses (including, for the avoidance of doubt, legal fees) imposed or incurred by the Investor or to process a request for Servicing
Agreement Consent; (v) except as provided in Section 7.19, all fees and expenses of Seller’s Custodian to transfer the Mortgage Loans to the Purchaser’s Custodian, if applicable; and (vi) the filing of transfers of claims by
Purchaser as provided in Section 7.03(d). Purchaser shall be responsible for all fees, costs and expenses relating to the retention of a back-up servicer that the Investor may require as a condition to providing a Servicing Agreement Consent,
as well as, except otherwise set forth in this Agreement, all costs and expenses pertaining to conduct of the Servicing by Purchaser following its consummation of the Transactions. 

 

	 	Section 12.02	Confidentiality. 

Each Party understands that certain information which it has been furnished and will be furnished in connection with the Transactions,
including information concerning business procedures, servicing fees or prices, Non Public Personal Information and/or Personally Identifiable Financial Information (as those terms are defined in Sections 573.3(n) and (o) of the Office of
Thrift Supervision Regulations on Privacy of Consumer Information published at 12 C.F.R. Chapter V implementing Title V of the Gramm-Leach-Bliley Act), policies or plans of the other Party or any of its Affiliates, is confidential and proprietary,
and each Party agrees that it will maintain the confidentiality of such information and will not disclose it to others (except for its Affiliates and its and their respective directors, managers, officers, employees, financing sources, agents,
representatives and advisors who have a need to know such information) or use it, except in connection with the proposed acquisition contemplated by this Agreement or as such Party reasonably determines necessary as a part of its filing of
Securities and Exchange Commission Forms 8-K, 10-Q or 10-K as related to disclosures to investors, without the prior written consent of the Party furnishing such information (and provided in connection with such Securities and Exchange Commission
filings, the Party intending to disclose such information shall provide the other Party with drafts of the relevant portions of such filings sufficiently in advance of such filing to allow the other Party a reasonable opportunity to review and
comment, and shall reasonably consider the comments provided by the other Party). Information which is generally known in the industry concerning a Party or among such Party’s creditors generally or which has been disclosed to the other Party
by third parties who have a right to do so shall not be deemed confidential or proprietary information for these purposes (provided, however that the public announcement of such information may be subject to Section 12.14, as provided therein).
If Purchaser, any of its Affiliates or any officer, director, employee or agent of any of the foregoing is at any time requested or required to disclose any information supplied to it in connection with the Transactions, Purchaser agrees to provide
Seller with prompt notice of such request(s) so that Seller may seek an appropriate protective order and/or waive Purchaser’s compliance with the terms of this Section 12.02. If Seller, any of its Affiliates or any officer, director,
employee or agent of any of the foregoing is at any time requested or required to disclose any information supplied to it in connection with the Transactions, Seller agrees to provide Purchaser with prompt notice of such request(s) so that Purchaser
may seek an appropriate protective order and/or waive Seller’s compliance with the terms of this Section 12.02. Notwithstanding the terms of this Section 12.02, if, in the absence of a protective order or the receipt of a waiver
hereunder, the Purchaser or Seller is nonetheless, in the opinion of its counsel, compelled to disclose information concerning the other Party to any tribunal or else stand liable for contempt or suffer other censure or penalty, the Purchaser or
Seller may 

  
 46 

 
disclose such information to such tribunal without liability hereunder. If the proposed acquisition is not consummated, each Party agrees to promptly return to the other, immediately upon
request, all confidential materials, and all copies thereof, which have been furnished to it in connection with the Transactions. 
  

	 	Section 12.03	Broker’s Fees. 

Each Party hereto represents and warrants to the other that it has made no agreement to pay any finder’s, agent’s, broker’s
or originator’s fee arising out of or in connection with the subject matter of this Agreement, other than Seller’s agreement[s] with Phoenix Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Seller shall be
responsible for all fees due to Phoenix Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. In the event the Purchaser enters into an agreement to pay any finder’s, agent’s, broker’s, advisor’s or
originator’s fee arising out of or in connection with the subject matter of this Agreement, Purchaser shall be solely responsible for all such fees. The Parties hereto shall indemnify and hold each other harmless from and against any such
obligation or liability and any expense incurred in investigating or defending (including reasonable attorneys’ fees) any claim based upon the other Party’s actions in connection with such obligation. 

 

	 	Section 12.04	Notices. 

 All
notices, requests, demands and other communications which are required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if personally delivered or sent by registered or certified mail, return
receipt requested, postage prepaid or by prepaid overnight delivery service: 
  

					
	 (a)
	    	If to the Purchaser, to:	  	Green Tree Servicing LLC
		    		  	345 St. Peter Street
		    		  	1100 Landmark Towers
		    		  	St. Paul, Minnesota 55102
		    		  	Attention: General Counsel
			
		    	With a copy to:	  	Willkie Farr & Gallagher LLP
		    		  	787 Seventh Ave
		    		  	New York, New York 10019
		    		  	Attn: Rosalind Fahey Kruse
			
	 (b)
	    	If to the Seller, to:	  	Bank of America
		    		  	Bank of America Office Park
		    		  	9000 Southside Blvd. - Bldg 400
		    		  	Jacksonville, Florida 32256-0787
		    		  	Attn: Larry Washington
			
		    	With a copy to:	  	Bank of America
		    		  	4500 Park Granada
		    		  	Calabasas, California 91302
		    		  	Attn: Paul Liu, Esq.

  
 47 

					
		    	         With a copy to:	  	K&L Gates LLP
		    		  	1601 K St. N.W.
		    		  	Washington, D.C. 20006
		    		  	Attn: Laurence E. Platt

 or to such other address as Purchaser or Seller shall have specified in writing to the other. 

 

	 	Section 12.05	Waivers. 

 Either
Purchaser or Seller may, by written notice to the other: 
 (a) Extend the time for the performance of any of the
obligations or other transactions of the other; and 
 (b) Waive compliance with or performance of any of the
terms, conditions, covenants or obligations required to be complied with or performed by the other hereunder. 
 The waiver by
Purchaser or Seller of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other subsequent breach. 
  

	 	Section 12.06	Entire Agreement; Amendment. 

 This Agreement and the Transaction Documents constitute the entire agreement between the Parties with respect to the sale of the Purchased Assets and supersede all prior agreements with respect thereto.
This Agreement may be amended only in a written instrument signed by both Seller and Purchaser. 
  

	 	Section 12.07	Binding Effect. 

This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their successors and assigns. Nothing in this
Agreement, express or implied, is intended to confer on any Person other than the Parties hereto and their successors and assigns, any rights, obligations, remedies or liabilities. 

 

	 	Section 12.08	Headings. 

Headings on the Articles and Sections in this Agreement are for reference purposes only and shall not be deemed to have any substantive
effect. 
  

	 	Section 12.09	Applicable Law. 

This Agreement shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the
Parties hereunder shall be determined in accordance with the laws of the State of New York applicable to contracts executed in and to be performed in that state, except to the extent preempted by Federal law. The Parties agree to waive trial by jury
in the event of any dispute under this Agreement. 

  
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	 	Section 12.10	Dispute Resolution. 

Any dispute, claim, or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation,
or validity thereof, including the determination of the scope or applicability of this agreement to arbitrate, shall be determined by arbitration in the city of New York, New York, before one or three neutral arbitrators as described below. The
arbitration shall be administered by the American Arbitration Association (“AAA”) pursuant to its arbitration rules & procedures (collectively the “Rules”). Judgment on any award may be entered in any court having
jurisdiction. This clause shall not preclude the parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. The Rules shall be supplemented by the provisions described below. In the event of any
conflict between the Rules and the provisions described below, such provisions shall control. 
 (a) Any dispute
in which a claim exceeds two hundred fifty thousand dollars ($250,000) shall be decided by three (3) neutral arbitrators (each, an “Arbitrator”) appointed by AAA in accordance with the Rules. Any dispute in which a claim is less than
two hundred fifty thousand dollars ($250,000) shall be decided by one (1) neutral Arbitrator appointed by AAA in accordance with the Rules. Any Arbitrator appointed by AAA shall be a retired judge or a practicing attorney with no less than
fifteen years of experience as an arbitrator; 
 (b) For any dispute in which the claim is less than two hundred
fifty thousand dollars ($250,000) the Arbitrator is authorized to render a partial or full summary judgment, in a manner similar to the procedure provided for in Rule 56 of the Federal Rules of Civil Procedure; 

(c) The Arbitrator(s) shall follow the law of the State of New York as designated by the Parties herein; 

(d) The Arbitrator(s) shall have no power or authority, under the Rules or otherwise, to relieve the Parties from their
agreement hereunder to arbitrate or otherwise to amend or disregard any provision of this Agreement, including, without limitation, the provisions of this Section 12.10; 

(e) The Arbitrator(s) shall have the authority to grant injunctive relief and order specific performance; 

(f) The Arbitrator(s) shall not have the authority to award consequential or punitive damages or any form of damages other
than compensatory damages; 
 (g) Each Party shall pay one-half of the fees and expenses of the Arbitrator(s) and
one-half of the AAA case management fees; and 
 (h) The arbitration proceedings and all testimony, filings,
documents, and information relating to or presented during the arbitration proceedings shall be deemed to be information subject to the confidentiality provisions of this Agreement. 

  
 49 

 (i) Notwithstanding the foregoing, in the event that the dispute between the
parties involves the correction of errors pursuant to Section 3.03 of this Agreement, the Parties may elect instead to jointly engage a mutually acceptable, nationally recognized independent accounting firm to determine such dispute. The
selected accounting firm shall be instructed to reach its determination within thirty (30) days following its engagement and such determination shall be final and binding on the Parties and shall not be subject to review by any court of law
absent manifest error; provided, however that: (i) the accounting firm’s engagement shall be limited to resolving any amounts in dispute between the Parties based solely on the information presented by the Parties; provided further,
however, that each Party shall provide the other Party with copies of information in its possession and control, or that could otherwise be reasonably obtained, with respect to the dispute upon the reasonable written request of such other Party;
(ii) the accounting firm shall deliver to each of the Parties a written report setting forth its determination of the dispute along with any related calculations; and (iii) the fees, costs, and expenses of the accounting firm shall be
allocated to the Parties based on the percentage which the portion of the disputed amount not awarded to each Party bears to the total amount disputed by such Party. Any request by a Party to adjust the Purchase Price or such other amounts pursuant
to this Section 12.10(i) must be received by the other Party within one hundred eighty (180) days of the applicable Servicing Transfer Date. 
  

	 	Section 12.11	Incorporation of Exhibits and Schedules. 

 The Exhibits and Schedules hereto shall be incorporated herein and shall be understood to be a part hereof as though included in the body of this Agreement. 

 

	 	Section 12.12	Counterparts. 

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

	 	Section 12.13	Severability of Provisions. 

 If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed
severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the rights of the Parties hereto. 

 

	 	Section 12.14	Public Announcement. 

 No public release or statement concerning the subject matter of this Agreement shall be made by either Party or any of their respective Affiliates or representatives without the express written consent
and approval of the other Party, except as required by applicable law, including the Securities Exchange Act of 1934, judicial and administrative judgments, orders or remediation plans, or any listing agreement with or rules of any stock exchange,
in which case the Party required to make the release or announcement shall notify the other Party and, to the extent possible, allow the other Party reasonable time to comment on such release or announcement in advance of such issuance, and such
public release or statement shall further be subject to Section 12.02, if applicable. The Parties shall use all reasonable efforts to (a) develop a joint communications plan; (b) ensure that all public releases (or portions thereof)
and other public statements with respect to the 

  
 50 

 
Transactions shall be consistent with such joint communications plan and (c) unless otherwise required by applicable law, judicial and administrative judgments, orders or remediation plans,
or any listing agreement with or rules of any stock exchange, to consult with each other before issuing any public release or otherwise making any public statement with respect to the Transaction Documents or the Transactions. 

 

	 	Section 12.15	Assignment. 

Neither Party may assign or subcontract all or any part of this Agreement, or any interest herein, without the prior written consent of
the other party, and any permitted assignee shall assume the assignor’s obligations under this Agreement; provided, that, notwithstanding the foregoing, Purchaser shall be permitted to assign (a) its rights and interests in
(x) following the applicable Servicing Transfer Date, the Advances and (y) following the applicable Sale Date, the Mortgage Servicing Rights, in each case to be acquired hereunder to any of its financing sources as collateral security, and
(b) following the completion of the transactions, subject to and in compliance with Section 7.25 hereof, this Agreement and any or all rights or obligations hereunder (including Purchaser’s rights to purchase the Purchased Assets) to
one or more Affiliates of Purchaser, but in either case, no such assignment shall relieve Purchaser of its obligations hereunder. 
  

	 	Section 12.16	Conflicts between Transaction Documents. 

 In the event of any conflict, inconsistency or ambiguity between the terms and conditions of this Agreement (including, for the avoidance of doubt, the Interim Servicing Addendum) and any Transfer
Confirmation, the terms of this Agreement shall control. 
  

	 	Section 12.17	No Third-Party Beneficiaries. 

 Except as provided in Section 7.09(b) relating to Mortgagors provisions of Sections 11.01 and 11.02 relating to Purchaser’s Related Parties and Seller’s Related Parties, respectively, this
Agreement is for the sole benefit of the Parties and their respective successors and permitted assigns, and nothing herein expressed or implied shall give or be construed to give to any Person, other than the Parties and such respective successors
and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. For the avoidance of doubt, Seller and Purchaser acknowledge and agree that Mortgagors are not third party beneficiaries of this Agreement,
except, if and to the extent required by Applicable Requirements, for the first two sentences of Section 7.09(b). 
  

	 	Section 12.18	Disclosures. 

Pursuant to this Agreement, certain Schedules and Exhibits hereto contain disclosures that are necessary or appropriate either in response
to an express disclosure requirement contained in a provision hereof or as an exception to one or more representations or warranties contained in Article V or to one or more of the covenants of Seller contained in this Agreement. Notwithstanding
anything to the contrary herein, or in such disclosures, the inclusion of an item in such disclosures shall not be deemed an admission by Seller that such item represents a material exception or event, state of facts, circumstance, development,
change or effect, or that such item has or will result in a Seller Material Adverse Effect. 
 [signatures on following page]

  
 51 

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

			
	GREEN TREE SERVICING LLC
	 Purchaser

	
	
By:                       
                                         
                                

	
Name:                       
                                         
                          

	
Title:                       
                                         
                            

	
	 BANK OF AMERICA, NATIONAL ASSOCIATION

	 Seller

	
	
By:                       
                                         
                                

	
Name:                       
                                         
                          

	
Title:                       
                                         
                            

  
 [Mortgage
Servicing Rights Purchase and Sale Agreement] 

 EXHIBIT A 
 CONTENTS OF MORTGAGE LOAN SCHEDULE 
 [actual schedule delivered
electronically] 
  

											
	 ALL
LOANS
	  	 	  	 	  	 	 	  	 
	1	  	Loan_Num	  	Loan Number/ID	  	 	100100	  	  	Text
	2	  	Fannie Mae Loan No	  	Fannie Mae loan ID	  				  	
	3	  	Orig_Bal	  	Original Loan Amount	  	 	100,000	  	  	Number
	4	  	Investor_Number	  	To help stratify Investor types, (FNMA MBS, FNMA A/A., FHLMC ARC, GNMA I, GNMA II, Private Investor, Warehouse, Subprime etc	  	 	FNMA A/A	  	  	Text
	5	  	Investor Header File	  	To help distinguish Investor types, (FNMA MBS, FNMA A/A., FHLMC ARC, GNMA I, GNMA II, Private Investor, Warehouse, Subprime etc	  	 	FNMA MBS	  	  	Text
	6	  	Note_Type	  	To distinguish Conventional, Conventional with PMI, FHA, VA, FHA 203, FHA 265, etc	  	 
 	CONV with
PMI	  
  	  	Text
	7	  	UPB	  	Current Principal Balance	  	 	100,000	  	  	Number
	8	  	Orig_PI	  	Original Monthly P&I	  	 	1,200	  	  	Number
	9	  	PI_Pmt	  	Current Monthly P&I Payment (IF DIFFERENT FROM ORIGINAL)	  	 	1,250	  	  	Number
	10	  	TI_Pmt	  	T&I Constant (added to monthly payment) ($)	  	 	290	  	  	Number
	11	  	Total_Pmt	  	Total Payment (T&I + P&I)	  	 	1,200	  	  	Number
	12	  	Escrow_Flag	  	Paying Escrow or Not	  	 	Y	  	  	Text
	13	  	Escrow_Bal	  	Escrow Balance (current total)	  	 	20,000	  	  	Number
	14	  	Escrow_Adv_Bal	  	Escrow Advance Balance (see below advances)	  	 	2,000	  	  	Number
	15	  	Orig_Stated_Term	  	Original Term (Balloon Term)	  	 	360	  	  	Number
	16	  	Orig_Term	  	Amortization Term	  	 	480	  	  	Number
	17	  	Balloon_Flag	  	Balloon Flag	  	 	Y	  	  	Text
	18	  	PRODUCTCD	  	Loan Product Type (5/6 ARM, Fixed 30, Balloon 15/30....etc)	  	 	5/6 ARM	  	  	Text
	19	  	First_Pmt_Dt	  	First Payment (Due) Date	  	 	2/1/2007	  	  	Date
	20	  	Int_Paid_To_Dt	  	Paid Through Date	  	 	2/1/2008	  	  	Date
	21	  	Maturity_Dt	  	Maturity Date	  	 	1/1/2037	  	  	Date
	22	  	Orig_Dt	  	Origination Date	  	 	1/1/2007	  	  	Date
	23	  	Orig_Rate	  	Original Note Rate	  	 	6.525	  	  	Number
	24	  	Note_Rate	  	Current Interest Rate	  	 	6.625	  	  	Number
	25	  	Sfee_Net	  	Net Serving Fee	  	 	0.375	  	  	Number
	26	  	Gfee	  	Gurarantee Fee	  	 	0.25	  	  	Number
	27	  	Lender_Paid_PMI	  	LPMI Fee/premium (if any)	  	 	0.1	  	  	Number
	28	  	Pass through rate	  	Pass thru	  	 	5.9	  	  	Number

  
 A-1

											
	29	  	State	  	Property State	  	 	NY	  	  	Text
	30	  	Zip_Code	  	Property Zip Code	  	 	10010	  	  	Text
	31	  	Prop_Type	  	Property Type (e.g. SFD, Condo, etc.)	  	 	SFR	  	  	Text
	32	  	Lien_Type	  	Lien Position	  	 	1	  	  	Text
	33	  	Orig_LTV	  	Original LTV	  	 	85	  	  	Number
	34	  	Orig_LTV_Combined	  	Combined LTV	  	 	100	  	  	Number
	35	  	Appraised_Value	  	Appraisal Value	  	 	120,000	  	  	Number
	36	  	Loan_Purpose	  	Loan Purpose	  	 	Purchase	  	  	Text
	37	  	Owner_Occup	  	Occupancy Type Code	  	 	Primary	  	  	Text
	38	  	Doc_Type	  	Documentation Type	  	 	Full Doc	  	  	Text
	39	  	DOT Hist	  		  				  	
	40	  	FICO	  	Borrower FICO Scores	  	 	720	  	  	Number
	41	  	Prepay_Penalty_Term	  	Prepayment Penalty Period/Term	  	 	3	  	  	Number
	42	  	Orig_Non_Amort_Term	  	Interest Only period (if any, in months)	  	 	120	  	  	Number
	43	  	IO_Flag	  	Interest only Indicator	  	 	Y	  	  	Text
	44	  	Book_Value	  	Book Value or GAAP Basis	  	 	110	  	  	Number
	45	  	Fcl_Flag	  	Foreclosure Flag	  	 	N	  	  	Text
	46	  	Bk_Flag	  	Bankruptcy Flag	  	 	N	  	  	Text
	47	  	Data_Dt	  	Data As of Date	  	 	1/1/2008	  	  	Date
	48	  	SD_Loan_Status	  	S&D Loan Status (REO, Payment Plan, Current, DQ, Short-Sale....)	  	 	REO	  	  	Text
	49	  	AVM Value if available	  	Automated Valuation Figures are helpful to calculate updated Loan to Value.	  	 	102,345	  	  	Number
	50	  	IO Strip Security	  	Net Service Sold into an IO Security (if Applicble)	  	 	0.01	  	  	Number
	51	  	XSIO Flag	  		  				  	
	52	  	ARM Margin	  		  				  	
	53	  	ARM Life Floor	  		  				  	
	54	  	ARM Life Ceiling	  		  				  	
	55	  	ARM Index	  		  				  	
	56	  	ARM Init PD Cap	  		  				  	
	57	  	ARM PD Rate Cap	  		  				  	
	58	  	ARM PD Rate Floor	  		  				  	
	59	  	ARM Life Cap	  		  				  	
	60	  	ARM First Rate Chg Dt	  		  				  	
	61	  	ARM Nxt Rate Chg Dt	  		  				  	
	62	  	ARM Next Pmt Chg Dt	  		  				  	
	63	  	ARM NegAM Flag	  		  				  	
	64	  	P&I Advances	  		  				  	
	65	  	T&I Advances	  		  				  	
	66	  	Corporate Advances All	  		  				  	
	67	  	Corporate Advances
Advance Only	  		  				  	
	68	  	Curr Servicer ID	  		  				  	
	69	  	Prior Servicer ID	  		  				  	
	70	  	Transfer Date SSRVID	  		  				  	
	71	  	ALTA Flag	  		  				  	

  
 A-2

 EXHIBIT A-1 
 ESTIMATED PURCHASE PRICE COMPUTATION WORKSHEET 
  

					
	Number of Loans	  	 	 
	 Unpaid Principal Balance as of
                month-end
	  	$	 	  
	 Purchase Price Percentage
	  	 	X	% 
	 Product of Unpaid Principal Balance and Purchase Price Percentage
	  	$	 	  
	 Total Estimated Purchase Price
	  	$	 	  
	 Less Purchase Price Deposit Previously Paid
	  	$	 	  
	 Remaining Purchase Price
	  	$	 	  

  

			
	Completed By: Sharon M. Fuller	  	Phone Number: 978.778.4223

 WIRE INSTRUCTIONS 
  

			
	Bank Name:	  	Bank of America, N.A.
		  	New York, New York
	ABA Number:	  	[                    ]
	Account Name:	  	[                    ]
	Account Number	  	[                    ]
	Reference:	  	[                    ] MSR Sale
[    /        /    ]

  
 A-1-1

 EXHIBIT A-2 
 PURCHASE PRICE COMPUTATION WORKSHEET 
  

					
	Number of Loans	  	 	 
	 Unpaid Principal Balance as of                 
month-end
	  	$	 	  
	 Purchase Price Percentage
	  	 	X	% 
	 Product of Unpaid Principal Balance and Purchase Price Percentage
	  	$	 	  
	 Total Purchase Price
	  	$	 	  
	 Remaining Purchase Price
	  	$	 	  

  

			
	Completed By: Sharon M. Fuller	  	Phone Number: 978.778.4223

 WIRE INSTRUCTIONS 
  

			
	Bank Name:	  	Bank of America, N.A.
		  	New York, New York
	ABA Number:	  	[                    ]
	Account Name:	  	[                    ]
	Account Number	  	[                    ]
	Reference:	  	[                    ] MSR Sale
[    /        /    ]

  
 A-2-1

 EXHIBIT A-3 
 DEPOSIT CALCULATION 
 $51,849,781.43 

  
 A-3-1

 EXHIBIT B 
 FORM OF TRANSFER CONFIRMATION 
 [DATE] 

[                         
               ] 

[                         
               ] 

[                         
               ] 
 Attention: General Counsel 

 

	 	Re:	Transfer Confirmation 

 Ladies and Gentlemen:

 This transfer confirmation (the “Transfer Confirmation”) between Bank of America, National Association (the “Seller”) and
Green Tree Servicing LLC (the “Purchaser”) sets forth our acknowledgement, pursuant to which the Purchaser is accepting responsibility for the Servicing, and the Seller is transferring the Servicing of those certain Mortgage Loans
identified on Schedule 1 hereto (and only those certain Mortgage Loans so identified), effective as of the date of this Transfer Confirmation, which notwithstanding anything to the contrary in the Agreement shall be the “Servicing
Transfer Date” for such Servicing and the related Mortgage Loans and Mortgage Servicing Rights. 
 The transfer of the Servicing as
contemplated herein shall be governed by that certain Mortgage Servicing Rights Purchase and Sale Agreement dated as of January 6, 2013, between the Seller and the Purchaser (the “Agreement”). 

All exhibits hereto are incorporated herein in their entirety. In the event there exists any inconsistency between the Agreement (including, for the
avoidance of doubt, the Interim Servicing Addendum) and this Transfer Confirmation, the Agreement shall be controlling notwithstanding anything contained in this Transfer Confirmation to the contrary. All capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Agreement. 
 Kindly acknowledge your agreement
to the terms of this Transfer Confirmation by signing in the appropriate space below and returning this Transfer Confirmation to the undersigned. Facsimile or electronically imaged signatures shall be deemed valid and binding to the same extent as
the original. 
  

									
	BANK OF AMERICA, NATIONAL ASSOCIATION	 		 	GREEN TREE SERVICING LLC
					
	By:	 	 	 		 	By:	 	 
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:

  
 B-1

 EXHIBIT C 
 DATA TRANSFER SPECIFICATIONS 
 Electronic data transmission via NDM or SFTP. 

Electronic master file. 
 Electronic ARM loan
master file. 
 Electronic ARM data and history, if applicable. 
 Electronic escrow file. 
 Electronic tax and insurance payee file. 

Pay histories and comments/notes (life of loan). 

Electronic copy of data file layouts. 

Information on how file was created including record format, record length and block size. 
 Comma delimited .txt, .xml, .pdf, .csv, .xls and other file formats may be provided as appropriate. 

  
 C-1

 EXHIBIT D 
 OFFICER’S CERTIFICATE 
 (To be supplied on the Sale Date) 

I,
                        , the                 of
[Bank of America, National Association (the “Seller”)][Green Tree ServicingLLC (the “Purchaser”)], pursuant to Section [8.06][9.04] of the Mortgage Servicing Rights Purchase and Sale Agreement between Green Tree Servicing LLC and
Bank of America, National Association, dated as of January 6, 2013 (the “Agreement”), hereby certify on behalf of the [Seller][Purchaser] that, in each case as of the date hereof: 

(i) [Each of the Seller’s representations and warranties made in Article IV of the Agreement (other than the Fundamental Reps in
Article IV) are true and correct, except for the failure or failures of such representations and warranties to be so true and correct that (after excluding any effect of materiality or Seller Material Adverse Effect qualifications set forth in any
such representation or warranty) have not had and would not reasonably be expected to have, individually or in the aggregate, a Seller Material Adverse Effect; and each of the Fundamental Reps made by Seller in Article IV of the Agreement are true
and correct in all material respects;] 
 (ii) [Each of the Purchaser’s representations and warranties made in the Agreement
(other than the Fundamental Reps) are true and correct, except for the failure or failures of such representations and warranties to be so true and correct that (after excluding any effect of materiality or Purchaser Material Adverse Effect
qualifications set forth in any such representation or warranty) have not had and would not reasonably be expected to have, individually or in the aggregate, a Purchaser Material Adverse Effect; and each of the Fundamental Reps made by Purchaser in
the Agreement are true and correct in all material respects;] 
 (i) All of the terms, covenants, conditions and obligations of
the Agreement required to be complied with and performed by the [Seller][Purchaser] at or prior to the date hereof have been duly complied with and performed in all material respects. 

(ii) I am authorized to execute this Certificate on behalf of the [Seller][Purchaser]. 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of [January     ], 2013. 

 

			
	By:	 	 
	Name:
	Its:

  
 D-1

 EXHIBIT E 

SERVICING TRANSFER INSTRUCTIONS 
 [SEE ATTACHED, AND ELECTRONICALLY PROVIDED 
 VERSION INCLUDING EMBEDDED ATTACHMENTS]

  
 E-1

 EXHIBIT F 
 PURCHASE PRICE PERCENTAGE 
 A. The Purchase Price Percentage (before the interest rate
adjustment in B below) shall be determined by multiplying the Specified Multiple below by the Net Servicing Fees, expressed as an annualized rate on the unpaid principal balances of the related Mortgage Loans as of the Sale Date. The calculations in
the following chart show the Purchase Price Percentage as if the Sale Date were November 30, 2012, and without any interest rate adjustments in B below. 
  

							
	 Investor
	  	Specified
Multiple	  	Net Servicing
Fee Rate (as of
11/30/12)	  	Purchase Price
Percentage
	 FNMA
	  		  		  	

 B. The Purchase Price Percentage determined in accordance with the above shall be further adjusted as follows: For every
+/- 1 bps (0.01%) movement in the 7 year swap rate between December 7, 2012 and the Sale Date, the Purchase Price Percentage will be adjusted +/- by [            ] The 7 year swap rate
on December 7, 2012 was [            ]. As necessary, the amount to be determined above will be based on linear interpolation. The 7 year swap rate is defined as the yield reported by
Bloomberg under USSWAP7,<index>HP<GO> at ten a.m. (10:00 a.m.), East Coast Time, on the applicable date. 

  
 F-1

 EXHIBIT G 
 INTERIM SERVICING ADDENDUM 
 1. DEFINITIONS. 

For the purposes of this Interim Servicing Addendum (this “Addendum”), any capitalized term used and not defined herein that are
defined in the Mortgage Servicing Rights Purchase and Sale Agreement (“Agreement”), dated as of January 6, 2013, by and between Bank of America, National Association and Green Tree Servicing LLC, shall have the meaning set forth in
the Agreement. Other definitions are as follows: 
 (a) Delinquent Serviced Mortgage Loans. Mortgage Loans that are
thirty (30) or more days delinquent as of the first of any month during the Interim Servicing Period. 
 (b) Interim
Servicing Fee. The monthly Interim Servicing Fee payable to Seller for performing interim servicing of the Mortgage Loans shall be for each current Mortgage Loan having an outstanding principal balance as of the first day of the month and for
each Delinquent Serviced Mortgage Loan having an outstanding principal balance as of the first day of the month as follows: 
  

									
	 	  	Current	 	  	Delinquent	 
	 FNMA:
	  	$	[    ]	  	  	$	[    ]	  

 The Interim Servicing Fee shall be fully earned on the first day of the month, regardless of actual collections.

 (c) Interim Servicing Period. The period of time on and after the Sale Date and before the applicable Servicing
Transfer Date for each Mortgage Loan. 
 (d) Net Servicing Fee Percentage: The percentage identified in the Mortgage Loan
Schedule and used to calculate the Servicing Fee in respect of an individual Mortgage Loan, in each case consistent with the terms of the Agreement and/or the Servicing Agreement. 

(e) Servicing Fee: The monthly amount Purchaser shall be entitled to receive as its servicing fee. The Servicing Fee with
respect to each Mortgage Loan equals the product of the Net Servicing Fee Percentage and the then outstanding principal balance of such Mortgage Loan if and to the extent payable under the Servicing Agreement. Solely for purposes of avoidance of
doubt, Advances shall be paid out of Seller’s own funds and shall not be netted out of the Servicing Fee, subject to purchase by Purchaser of the outstanding Advances following each applicable Servicing Transfer Date in accordance with the
terms of the Agreement. 
 2. TERM. 
 The applicability of these provisions shall commence as of the close of business on the Sale Date, and shall terminate on the final Servicing Transfer Date, unless extended by mutual agreement of the
Parties. 

  
 G-1

 3. RELATIONSHIP OF PURCHASER AND INTERIM SERVICER. 

(a) Seller acknowledges that, subject to the terms and conditions of this Addendum, Purchaser will own all of the Purchased Assets as
provided for in the Agreement, and shall be entitled to all Servicing Fee income payable under the Servicing Agreement, beginning on the Sale Date, notwithstanding that the Servicing Agreement and/or the Credit and Servicing Files may remain in the
possession of Seller (and the Collateral Files in the possession of Custodian) to facilitate the performance of interim servicing activities described herein during the term of this Addendum, and, during the term hereof, the Seller is entitled to
the Interim Servicing Fee and other compensation and economic benefit described in Section 8 below. 
 (b) As reasonably
requested, Seller shall allow, or cause to be allowed as the case may be, Purchaser or any Person or Persons authorized by Purchaser full and complete access to the Credit and Servicing Files in its possession, and the Collateral Files in the
possession of the Custodian, at any time during normal business hours, and shall make available its personnel to Purchaser or to such authorized Persons at any time during normal business hours for the purpose of responding to routine, general
questions or inquiries regarding the Purchased Assets; provided, however, that any such access shall be arranged in such a manner as not to interfere with the normal business operations of Seller. Notwithstanding the foregoing, Seller
may, in its sole discretion, deny or restrict such access to any information the disclosure of which is restricted by contract or law or which would result in the waiver of any legal privilege (including the attorney-client privilege). 

(c) Seller acknowledges that the Related Escrow Accounts and Custodial Accounts of the Mortgage Loans, maintained pursuant to the
Servicing Agreement, during the term of this Addendum are for the account of the Mortgagors under the Mortgage Loans, the Investors or Purchaser as their interests may appear. For convenience of administration, the balances and collections in the
Related Escrow Accounts and Custodial Accounts may continue to be held in the bank accounts heretofore employed for such purpose. Except as required to be paid in accordance with Servicing Agreement, Seller shall be entitled to retain the economic
benefit of Related Escrow Accounts and Custodial Accounts, until such time as dictated by this Addendum in conjunction with the applicable Servicing Transfer Date for a Mortgage Loan. 

(d) In the performance of its duties and services hereunder, Seller shall be an independent contractor acting in its own behalf and for
its own account and without authority, expressed or implied, to act for or on behalf of Purchaser in any capacity other than that of an independent contractor, except as otherwise expressly set forth hereinabove, or as may be authorized by Purchaser
in writing from time to time. 
 4. SERVICING ACTIVITIES. 

During the term of this Addendum, Seller shall, on behalf of Purchaser, properly conduct the Servicing by providing interim servicing for
each of the Mortgage Loans in accordance with all Applicable Requirements, and shall diligently collect and pursue collection of, and properly remit to the appropriate Persons, all payments due under the Mortgage Loans as they become due, including
but not limited to (i) principal, (ii) interest, (iii) escrow deposits, (iv) advances for hazard insurance premiums, mortgage insurance premiums, payments with regard to liens, taxes, legal fees, foreclosure costs, and other
miscellaneous advances, (v) late charges and speedpay fees, (vi) extension, assumption, transfer and similar fees, (vii) insufficient funds check charges, and (viii) optional insurance related charges. Seller shall exercise no
less than the standard of care that it 

  
 G-2

 
exercises in the servicing of loans for its own account for similar mortgage loans. All such amounts received shall be held separate and apart from Seller’s own funds if and to the extent
required under the Servicing Agreement. Seller shall have all necessary Servicing authority of the Purchaser under the applicable Servicing Agreement, which is hereby delegated to the Seller by the Purchaser, to service and administer the Mortgage
Loans in accordance with this Addendum and Applicable Requirements. 
 Among the services to be provided by Seller during the
term of this Addendum, without limitation, are the following, all to be performed in accordance with Applicable Requirements and this Addendum: 
 (a) Seller shall timely remit payments of principal and interest received to the Investor for each of the Mortgage Loans, make any necessary deposits to or withdrawals from the Related Escrow Accounts and
Custodial Accounts, and remit to Purchaser the Servicing Fee, less Seller’s Interim Servicing Fee, within ten (10) Business Days after each calendar month-end. 
 (b) Seller shall keep and maintain a complete and accurate set of books and records, in customary form and with customary content, including without limitation, an accounting of all funds collected and
paid relating to the Mortgage Loans and the Servicing Agreement. Purchaser or Persons authorized by Purchaser may, at Purchaser’s expense, audit all applicable accounting records relating to Seller’s compliance with this Addendum, and
Seller and Purchaser agree to make any accounting corrections which are appropriate or necessary in connection therewith subject to the dispute resolution procedures in Section 12.10(i) of the Agreement. 

(c) Seller will maintain and employ throughout the term hereof a sufficient number of qualified employees or contractors to perform the
servicing activities to be carried out hereunder in an efficient and professional manner, in no event less diligently than was carried out by Seller when it was the owner of the Mortgage Servicing Rights. At all times throughout the term, Seller
shall maintain physical facilities and systems from which the Servicing can be performed in a manner consistent with the foregoing. 
 (d) Seller shall continue to deliver to the Investors those reports, information or computer tapes relating to the Mortgage Loans that Seller delivered in the ordinary course of business immediately prior
to the Sale Date. Duplicate copies of such reports, in a mutually agreeable format, will be provided to the Purchaser within ten (10) Business Days of the respective Investor deadlines for each report’s finalization. 

(e) Seller shall promptly deliver, or cause to be delivered to Purchaser or its designee all Credit and Servicing Files or Collateral
Files at the end of the term of this Addendum or as otherwise provided for in this Addendum. Seller shall not destroy any Credit and Servicing Files or Collateral Files, other than duplicate copies. 

(f) Seller shall handle all collection and foreclosure efforts with the Mortgagors of Mortgage Loans in its own name and provide and
handle all delinquency notices in its own name. 
 (g) Seller shall collect and accept payments from the Mortgagors on the
Mortgage Loans. 
 (h) Seller shall pay all real estate taxes. 

  
 G-3

 (i) Seller shall prepare and record a satisfaction of Mortgage Loan for each Mortgage Loan
that is paid in full during the term of this Addendum. 
 (j) Seller shall pay all hazard, flood and mortgage insurance
premiums, and similar items. Seller shall continue to process and disburse insurance loss drafts and settlements during the term of this Addendum. 
 (k) Seller shall make all Advances that are required under the Servicing Agreement and, except as provided in Section 3.02(e) hereof, are eligible for reimbursement by the Investors, subject to
reimbursement by the Purchaser in accordance with the terms of the Agreement. 
 (l) Seller shall mail all IRS forms,
including without limitation form numbers 1099, 1099A or 1098, to all Persons entitled to receive such forms for the period from the inception of Servicing until the applicable Servicing Transfer Date with respect to the Servicing. Seller shall
provide concurrent copies of such forms to Purchaser. 
 5. RELATED ESCROW ACCOUNTS. 

During the Interim Servicing Period: 
 (a) The Related Escrow Accounts will continue to be held in the name of Seller. 

(b) Seller shall retain the economic status benefits from such accounts. 

6. FORECLOSURE. 
 During the term of these provisions, Seller agrees to take the following actions with respect to Mortgage Loans which are ninety (90) days delinquent or more, all in accordance with the Applicable
Requirements: 
 (a) notify Purchaser as Mortgage Loans become ninety (90) days delinquent via monthly reports, 

(b) perform all appropriate services, including but not limited to, the filing of a judicial or other foreclosure action or proceeding.

 7. INSURANCE. 
 Seller shall maintain, at its expense, throughout the term hereof for itself, fidelity and errors and omissions bond coverage covering all employees handling funds, monies, documents and papers, including
those received or held for the Investor, with respect to performance of Servicing hereunder, all in accordance with the Applicable Requirements. 
 8. INTERIM SERVICING FEE 
 (a) Purchaser shall pay to Seller the Interim
Servicing Fee. Seller shall perform all of its obligations hereunder at Seller’s sole cost and expense, except as otherwise specifically provided herein. Seller shall also be entitled to retain as additional compensation the economic benefit
resulting from holding all Custodial Accounts and Related Escrow Account balances until the applicable Servicing Transfer Date and all Ancillary Income received during the Interim Servicing Period[, including the initial HAMP servicer incentive fee
earned under HAMP guidelines but not paid during or before the Interim Servicing Period (provided, that Purchaser shall be entitled to any HAMP performance incentive fees thereafter). 

  
 G-4

 (b) The Interim Servicing Fee due to Seller shall be netted out of the payment of the
Servicing Fee due to Purchaser. A report of the Servicing Fee and Interim Servicing Fee, on a loan-level basis, shall be delivered to Purchaser within thirty (30) calendar days, after each calendar month end. The Interim Servicing Fee is
subject to verification and approval by Purchaser within five (5) Business Days after receipt of Seller’s certification. 
 9. TERMINATION. 
 Except as otherwise provided for herein, these provisions
shall terminate at the expiration of the term of this Addendum as provided herein. 
 * * * * * 

  
 G-5

 EXHIBIT H 

REQUESTED DATA FIELDS FOR INFORMATION SHARING 
  

					
	 Data Element Name
	  	 Data Element Description
	  	 Data Type

	Data_AsOf_Dt	  	Data as-of date	  	SmallDateTime
	Orig_ID	  	BAC Acct#	  	INT
	ID	  	Servicer’s Loan ID	  	varchar(100)
	Svc_Xfer_Eff_Dt	  	Transfer effective date	  	SmallDateTime
	Zip_Code	  	Property zip code	  	varchar(10)
	Curr_UPB	  	Unpaid principal balance	  	Float
	Cur_Int_Rt	  	Interest rate	  	Float
	Last_Pmt_Amt	  	Last payment amount	  	Float
	Curr_Last_Pd_Instalmt_Dt	  	Last paid installment date	  	SmallDateTime
	Liqdn_Type	  	Liquidation type	  	varchar(50)
	Liqdn_Dt	  	Liquidation date	  	SmallDateTime
	PI_Pmt_Amt	  	P and I payment amount	  	Float
	Dlq_Status	  	Delinquency status	  	varchar(25)
	Days_Dlq	  	Days delinquent	  	INT
	Mdfcn_Ind	  	Loan modification indicator (1=modified)	  	char(1)
	Mdfcn_Dt	  	Loan modification date	  	SmallDateTime
	Post_Mdfcn_UPB	  	Post-modification unpaid principal balance	  	Float
	Ln_Mdfc_Typ_Desc	  	Modification type description	  	varchar(100)
	Post_Mdfcn_Int_Rt	  	Post-modification interest rate	  	Float
	Post_Mdfcn_Term	  	Post-modification remaining term	  	INT
	DlqMBAHistTxt	  	360 - 480 digit MBA payment hist	  	varchar(480)
	Ever30Date	  	Date loan hit 30 days delinquent	  	SmallDateTime
	Ever60Date	  	Date loan hit 60 days delinquent	  	SmallDateTime
	Ever90Date	  	Date loan hit 90 days delinquent	  	SmallDateTime
	Ever120Date	  	Date loan hit 120 days delinquent	  	SmallDateTime
	Ever180Date	  	Date loan hit 180 days delinquent	  	SmallDateTime
	FirstF1DlqMonDt	  	Date loan entered foreclosure	  	SmallDateTime
	Curr_FICO	  	Current / Refreshed FICO	  	varchar(25)
	BK_Ind	  	Bankruptcy indicator	  	char(1)
	MI_In_Force	  	If loan had MI, is it still in place	  	char(1)
	MI_ClaimFiledDt	  	If loan had MI, date in which the claim for loss is filed	  	SmallDateTime
	MI_GrossRequestedAmt	  	If loan had MI, gross amount for which the claim for loss is filed	  	Float
	MI_GrossIntRequestedAmt	  	If loan had MI, gross amount of accumulated interest requested in the claim for loss	  	Float
	MI_GrossAuthorizedAmt	  	If loan had MI, gross claim amount authorized by MI company in Explanation of Benefits	  	Float
	MI_GrossIntAuthorizedAmt	  	If loan had MI, gross amount of accumulated interest authorized by MI Company in Explanation of Benefits	  	Float
	MI_NetPaidAmt	  	If loan had MI, net proceeds paid by the MI company	  	Float
	UPB_At_Forcl	  	Unpaid principal balance at the time of foreclosure	  	Float

  
 H-1

 EXHIBIT I 

MORTGAGE ASSIGNMENT PROTOCOL 
 Assignment Recording Waterfall (As determined on the Servicing Transfer Dates): 
  

	1.	Foreclosure Loans – Within 15 Days of Servicing Transfer Date 

  

	2.	Bankruptcy Loans – Within 15 Days of Servicing Transfer Date 

  

	3.	Mediation Loans – Within 15 Days of Servicing Transfer Date 

  

	4.	Mortgage Loans that are 90 or more days delinquent – Within 15 Days of Servicing Transfer Date 

 

	5.	Mortgage Loans that are between 60 and 90 days delinquent and that are secured by real property located in the states listed below – Within 15 Days of Sale

  

	 	•	 	 Connecticut 

  

	 	•	 	 Florida 

  

	 	•	 	 Iowa 

  

	 	•	 	 Illinois 

  

	 	•	 	 Indiana 

  

	 	•	 	 Louisiana 

  

	 	•	 	 Ohio 

  

	 	•	 	 South Carolina 

  

	 	•	 	 Virginia 

  

	 	•	 	 New Mexico 

  

	6.	All other Mortgage Loans that are between 60 and 90 days delinquent – Within 30 Days of Servicing Transfer Date 

 

	7.	Mortgage Loans that are between 30 and 60 days delinquent – Within 60 Days of Servicing Transfer Date 

 

	8.	All other Mortgage Loans – Within 90 Days of Servicing Transfer Date 

 Original Recorded Mortgages Waterfall (As determined on the Servicing Transfer Date) 
  

	1.	Foreclosure Loans – Within 15 Days of Servicing Transfer Date 

  

	2.	Bankruptcy Loans – Within 15 Days of Servicing Transfer Date 

  

	3.	Mediation Loans – Within 15 Days of Servicing Transfer Date 

  

	4.	Mortgage Loans that are 90 or more days delinquent – Within 30 Days of Transfer 

 

	5.	Mortgage Loans that are between 60 and 90 days delinquent and that are secured by real property located in the states listed below – Within 30 Days of Servicing
Transfer Date 

  

	 	•	 	 Connecticut 

  

	 	•	 	 Florida 

  

	 	•	 	 Iowa 

  

	 	•	 	 Illinois 

  

	 	•	 	 Indiana 

  

	 	•	 	 Louisiana 

  

	 	•	 	 Ohio 

  

	 	•	 	 South Carolina 

  
 I-1

	 	•	 	 Virginia 

  

	 	•	 	 New Mexico 

  

	6.	All other Mortgage Loans that are between 60 and 90 days delinquent – Within 45 Days of Transfer 

 

	7.	Mortgage Loans that are between 30 and 60 days delinquent – Within 60 Days of Servicing Transfer Date 

 

	8.	All other Mortgage Loans – Within 90 Days of Servicing Transfer Date 

  
 I-2

 EXHIBIT J 

FORM OF POWER OF ATTORNEY 
 LIMITED POWER OF ATTORNEY 
 KNOW ALL PERSONS BY THESE PRESENTS: 

THAT, BANK OF AMERICA, N.A. (“Seller”),1 a national banking association, by these presents does hereby make, constitute and appoint Green Tree Servicing LLC
(“Servicer”), a Delaware limited liability company, Seller’s true and lawful agent and attorney-in-fact, and hereby grants it authority and power to take, through its duly authorized officers and designated agents, the Actions
(as such term is defined herein) in Seller’s name, place and stead. This limited power of attorney (“Limited Power of Attorney”) is given in connection with, and relates solely to that certain Mortgage Servicing Rights Purchase
and Sale Agreement dated as of [date of agreement], between Seller and Servicer, under the terms of which Seller sold to Servicer the servicing rights to certain mortgage loans (such loans, the “Loans”). Each of the Loans comprises
a promissory note evidencing a right to payment and performance secured by a security interest or other lien on real property evidenced by one or more mortgages, deeds of trust, deeds to secure debt or other forms of security instruments (each, a
“Mortgage”). The parties agree that this Limited Power of Attorney is coupled with an interest. 
 As used above, the term
“Actions” shall mean and be limited to the following acts, in each case only with respect to one or another of the Loans and only as mandated or permitted by federal, state or local laws or other legal requirements or restrictions:

  

	 	1.	Execute or file assignments of Mortgages, or of any beneficial interest in a Mortgage; 

 

	 	2.	Execute or file reconveyances, deeds of reconveyance or releases or satisfactions of mortgage or similar instruments releasing the lien of a Mortgage;

  

	 	3.	Correct or otherwise remedy any errors or deficiencies contained in any transfer or reconveyance documents provided or prepared by Seller or a prior transferor,
including, but not limited to note indorsements; 

  

	 	4.	Execute or file quitclaim deeds or, only where necessary and appropriate, special warranty deeds or other deeds causing the transfer of title to a third party, in
respect of property acquired through foreclosure or deed-in-lieu of foreclosure(“REO Property”); 

  

	 	5.	Execute and deliver documentation with respect to the marketing and sale of REO Property, including, without limitation: eviction notices; listing agreements; purchase
and sale agreements; escrow instructions; HUD-1 settlement statements; and any other document necessary to effect the transfer of REO Property. 

  

	1 	 This Limited Power of Attorney is intended to cover Actions, as such term is defined herein, taken in the name of: Bank of America, N.A.; or Bank of
America, N.A., as successor by merger to BAC Home Loans Servicing LP formerly known as Countrywide Home Loans Servicing LP. 

  
 J-1

	 	6.	Execute or file any documents necessary and appropriate to substitute the creditor or foreclosing party in a bankruptcy or foreclosure proceeding in respect of any of
the Loans; 

 provided, however, that nothing herein shall permit the Servicer to commence, continue, or
otherwise prosecute or pursue any foreclosure proceedings in the name of Seller. All note indorsements executed pursuant to this Limited Power of Attorney shall contain the words “without recourse,” and unless required by law, all others
documents of transfer executed pursuant to this Limited Power of Attorney shall contain the following sentence: “This [insert document title] is made without recourse to or against [insert name of entity in whose name the Action is
taken] or Bank of America, N.A., and without representation or warranty, express or implied, by [insert name of entity in whose name the Action is taken] or Bank of America, N.A.” 

With respect to the Actions, Seller gives to said attorney-in-fact full power and authority to execute such instruments and to do and perform all and
every act and thing requisite, necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully, to all intents and purposes, as the undersigned might or could do, and hereby does ratify and
confirm all that said attorney-in-fact shall lawfully do or cause to be done by authority hereof. 
 Nothing contained herein shall be construed
to grant Servicer the power to (i) initiate or defend any suit, litigation, or proceeding in the name of Seller or be construed to create a duty of Seller to initiate or defend any suit, litigation, or proceeding in the name of Servicer,
(ii) incur or agree to any liability or obligation in the name of or on behalf of Seller, or (iii) execute any document or take any action on behalf of, or in the name, place, or stead of, Seller, except as provided herein. This Limited
Power of Attorney is entered into and shall be governed by the laws of the State of New York without regard to conflicts of law principles of such state. 

  
 J-2

 IN WITNESS WHEREOF, the Seller has executed this Limited Power of Attorney this
        day of [Month and Year]. 
  

			
	BANK OF AMERICA, NATIONAL ASSOCIATION
		
	By:	 	 
	Title:	 	 

  

			
	 Witness:
	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 Witness:
	 	 
	 Name:
	 	 
	 Title:
	 	 

 STATE OF CALIFORNIA 
 COUNTY OF (                    ) 

 

	
	Subscribed and sworn to (or affirmed) before me on this             day of
                    , 20    , by Date Month Year
	
	
	Name of Signer
	
	proved to me on the basis of satisfactory evidence to be the person who appeared before me.

 Place Notary Seal Above 

  
 J-3

 EXHIBIT K 

ESCROW AGREEMENT 
 [SEE ATTACHED] 

  
 K-1

 EXHIBIT L 

MI COVENANTS 
  

	1.	Bank of America is engaged in ongoing resolution discussions with Mortgage Insurance providers regarding all adverse decisions associated with Mortgage Insurance
coverage (including, but not limited to, requests for missing documents, notifications of impending coverage rescission, notifications of impending claim denial, claim denials, coverage rescissions, and curtailments), and the scope of this ongoing
dialogue may include loans in the transfer population. While timely resolution of claims is a priority, Bank of America reserves all rights to appeal such adverse decisions, and will leverage all time periods allowed under the Master Policies in
force and applicable law to do so. 

 To this end, the Successor Servicer shall provide written notification to the
Mortgage Insurance providers, and shall obtain written authorization from the Mortgage Insurance providers, if required, allowing Bank of America to engage directly with them in ongoing resolution activities subsequent to the transfer. Further,
Successor Servicer agrees to cooperate with Bank of America as outlined in the detailed protocols for post-transfer Mortgage Insurance claims resolution contained in herein. 

 

	2.	For inquiries on loans with MI, please use the following, as applicable: 

  

	 	a)	Missing Documents: BAC_subservicer_requests@bankofamerica.com 

  

	 	b)	Curtailments: curtailment_inbox@bankofamerica.com 

 Rescission/Denials: mi.rescissions_denials@bankofamerica.com 

  
 L-1

 MI CLAIMS PROCESS FOR PURCHASER/TRANSFEREE 

  
 L-2

 SCHEDULE 3.02(a) 

Servicing Transfer Dates 
  

					
	 2/28/2013
	  	 	50,000.00	  
	3/31/2013	  	 	300,000.00	  
	4/30/2013	  	 	125,000.00	  
	5/31/2013	  	 	100,798.00	  

 GT Footnote:

May 31st transfer is an estimate of the remaining portfolio allocation. Actual loan count for the May 31st transfer could be reduced
by portfolio runoff and loans excluded from transfer on scheduled transfer dates and executed in the late third and early fourth quarter in 2013.

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