Document:

EXHIBIT 4.3(B)

 Exhibit 4.3(b) 
 DEUTSCHE BANK AG 
 [INSERT BRANCH OFFICE THROUGH WHICH THE NOTE IS ISSUED, IF
APPLICABLE] 
 [FORM OF FACE OF DEBT SECURITY] 
 FLOATING RATE SENIOR REGISTERED NOTE 
  

							
	 REGISTERED
	 		 		 	CUSIP:
	 No. FLR
	 		 		 	[PRINCIPAL AMOUNT]

 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a
New York corporation (“DTC”), to the Issuer or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL in as much as the registered owner hereof, Cede & Co., has an interest herein. 

 GLOBAL NOTES, SERIES A 

Floating Rate Senior Registered Note 
  

					
		
	 Original Issue Date
	  	 	[    	] 
		
	 Maturity Date
	  	 	[    	] 
		
	 Specified Currency
	  	 	[    	] 
		
	 If Specified Currency Other Than U.S. Dollars, Option to Elect Payment in U.S. Dollars
	  	 	[N/A	] 
		
	 Face Amount
	  	 	[    	] 
		
	 Aggregate Face Amount
	  	 	[    	] 
		
	 Minimum Denominations
	  	 	[    	] 
		
	 Interest Accrual Date
	  	 	[    	] 
		
	 Base Rate
	  	 	[    	] 
		
	 Index Maturity
	  	 	[    	] 
		
	 Spread (plus or minus)
	  	 	[    	] 
		
	 Spread Multiplier
	  	 	[    	] 
		
	 Initial Interest Rate
	  	 	[    	] 
		
	 Initial Interest Reset Date
	  	 	[    	] 
		
	 Maximum Interest Rate
	  	 	[    	] 
		
	 Minimum Interest Rate
	  	 	[    	] 
		
	 Interest Payment Date(s)
	  	 	[    	] 
		
	 Interest Payment Period
	  	 	[    	] 
		
	 Interest Reset Period
	  	 	[    	] 
		
	 Interest Reset Date(s)
	  	 	[    	] 

  
 2 

					
		
	 Calculation Agent
	  	 	[    	] 
		
	 Initial Redemption Date
	  	 	[    	] 
		
	 Initial Redemption Percentage
	  	 	[    	] 
		
	 Reporting Service
	  	 	[    	] 
		
	 Index Currency
	  	 	[    	] 
		
	 Exchange Rate Agent
	  	 	[    	] 
		
	 Annual Redemption Percentage Reduction
	  	 	[    	] 
		
	 Optional Repayment Date(s)
	  	 	[    	] 
		
	 Redemption Notice Period
	  	 	[    	] 
		
	 Tax Redemption and Payment of Additional Amounts
	  	 	[N/A	] 
		
	 If yes, state Initial Offering Date
	  	 	[N/A	] 
		
	 Designated CMT Telerate Page
	  	 	[    	] 
		
	 Designated CMT Maturity Index
	  	 	[    	] 
		
	 Other Provisions
	  	 	[    	] 

 Deutsche Bank Aktiengesellschaft, a stock corporation (Aktiengesellschaft) organized under the laws
of the Federal Republic of Germany, if so specified, acting through the office specified on the front page of this Note, (together with its successors and assigns, the “Issuer”), for value received, hereby promises to pay to
Cede & Co., or registered assignees, the [amount of cash, or other property, as determined in accordance with the provisions set forth above, due with respect to]1 the principal sum specified above on the Maturity Date specified above (except to the extent previously redeemed or
repaid) and to pay interest thereon from the Interest Accrual Date specified above at a rate per annum equal to the Initial Interest Rate specified above until the Initial Interest Reset Date specified above, and thereafter at a rate per annum
determined in accordance with the provisions specified on the reverse hereof until the principal hereof is paid or duly made available for payment. 
  

 

	1 	To be used for structured products. 

  
 3 

 The Issuer will pay interest in arrears weekly, monthly, quarterly, semi-annually or
annually as specified above as the Interest Payment Period on each Interest Payment Date (as specified above), commencing with the first Interest Payment Date next succeeding the Interest Accrual Date specified above, and on the Maturity Date (or
any redemption or repayment date); provided, however, that if the Interest Accrual Date occurs between a Record Date, as defined below, and the next succeeding Interest Payment Date, interest payments will commence on the second Interest
Payment Date succeeding the Interest Accrual Date to the registered holder of this Note on the Record Date with respect to such second Interest Payment Date; and provided, further, that if, an Interest Payment Date (other than the Maturity
Date or a redemption or repayment date) would fall on a day that is not a Business Day, as defined on the reverse hereof, such Interest Payment Date shall be the following day that is a Business Day, except that if the Base Rate specified above is
LIBOR or EURIBOR and such next Business Day falls in the next calendar month, such Interest Payment Date shall be the immediately preceding day that is a Business Day; and provided, further, that if the Maturity Date or redemption or
repayment date would fall on a day that is not a Business Day, such payment shall be on the following day that is a Business Day and no interest shall accrue for the period from and after such Maturity Date or redemption or repayment date; and
provided, further, that if, an Interest Payment Date or the Maturity Date or redemption or repayment date would fall on a day that is not a Business Day, payment of interest, premium, if any, or principal otherwise payable on such date need
not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date or on the Maturity Date or redemption or repayment date. 

Interest on this Note will accrue from and including the most recent date to which interest has been paid or duly provided for, or, if no
interest has been paid or duly provided for, from and including the Interest Accrual Date, until but excluding the date the principal hereof has been paid or duly made available for payment (except as provided below). The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, subject to certain exceptions described herein, be paid to the person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the
date 15 calendar days prior to such Interest Payment Date (whether or not a Business Day (as defined on the reverse of this Note)) (each such date a “Record Date”); provided, however, that interest payable at maturity (or on
any redemption or repayment date) will be payable to the person to whom the principal hereof shall be payable. 
 Payment of the
principal of this Note, any premium and the interest due at maturity (or on any redemption or repayment date) will be made in immediately available funds upon surrender of this Note at the office or agency of the Paying Agent, as defined on the
reverse hereof, or at such other paying agency as the Issuer may determine (each, a “Paying Agent,” which term shall include the Paying Agent). 
 Payment of the principal of and premium, if any, and interest due at maturity on this Note (or any redemption or repayment date), unless this Note is denominated in a Specified Currency other than U.S.
dollars and is to be paid in whole or in part in such Specified Currency, will be made in immediately available funds upon surrender of this Note at the office or agency of the 

  
 4 

 
Paying Agent, as defined on the reverse hereof, maintained for that purpose in the Borough of Manhattan, The City of New York, or at such other paying agency as the Issuer may determine, in U.S.
dollars. U.S. dollar payments of interest, other than interest due at maturity or any date of redemption or repayment, will be made by U.S. dollar check mailed to the address of the person entitled thereto as such address shall appear in the Note
register. A holder of U.S. $10,000,000 (or the equivalent in a Specified Currency) or more in aggregate principal amount of Notes having the same Interest Payment Date, the interest on which is payable in U.S. dollars, will be entitled to receive
payments of interest, other than interest due at maturity or on any date of redemption or repayment, by wire transfer of immediately available funds if appropriate wire transfer instructions have been received by the Paying Agent in writing not less
than 15 calendar days prior to the applicable Interest Payment Date. 
 If this Note is denominated in a Specified Currency other
than U.S. dollars, and the holder does not elect (in whole or in part) to receive payment in U.S. dollars pursuant to the next succeeding paragraph, payments of principal, premium, if any, and interest with regard to this Note will be made by wire
transfer of immediately available funds to an account maintained by the holder hereof with a bank located outside the United States if appropriate wire transfer instructions have been received by the Paying Agent in writing not less than 15 calendar
days prior to the applicable payment date; provided, that if such wire transfer instructions are not received, such payments will be made by check payable in such Specified Currency mailed to the address of the person entitled thereto as such
address shall appear in the Note register; and provided, further, that payment of the principal of this Note, any premium and the interest due at maturity (or on any redemption or repayment date) will be made upon surrender of this Note at
the office or agency referred to in the preceding paragraph. 
 If so indicated on the face hereof, the holder of this Note, if
denominated in a Specified Currency other than U.S. dollars, may elect to receive all or a portion of payments on this Note in U.S. dollars by transmitting a written request to the Paying Agent, on or prior to the fifth Business Day after such
Record Date or at least ten Business Days prior to the Maturity Date or any redemption or repayment date, as the case may be. Such election shall remain in effect unless such request is revoked by written notice to the Paying Agent as to all or a
portion of payments on this Note at least five Business Days prior to such Record Date, for payments of interest, or at least ten calendar days prior to the Maturity Date or any redemption or repayment date, for payments of principal, as the case
may be. 
 If the holder elects to receive all or a portion of payments of principal of, premium, if any, and interest on this
Note, if denominated in a Specified Currency other than U.S. dollars, in U.S. dollars, the Exchange Rate Agent (as defined on the reverse hereof) will convert such payments into U.S. dollars. In the event of such an election, payment in respect of
this Note will be based upon the exchange rate as determined by the Exchange Rate Agent based on the highest bid quotation in The City of New York received by such Exchange Rate Agent at approximately 11:00 a.m., New York City time, on the second
Business Day preceding the applicable payment date from three recognized foreign exchange dealers (one of which may be the Exchange Rate Agent unless such Exchange Rate Agent is an affiliate of the Issuer) for the purchase by the quoting dealer of
the Specified Currency for U.S. dollars for settlement on such payment date in 

  
 5 

 
the amount of the Specified Currency payable in the absence of such an election to such holder and at which the applicable dealer commits to execute a contract. If such bid quotations are not
available, such payment will be made in the Specified Currency. All currency exchange costs will be borne by the holder of this Note by deductions from such payments. 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

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

  
 6 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be duly executed. 

 

							
	DATED:	 		 	 DEUTSCHE BANK AG [INSERT
BRANCH OFFICE THROUGH
WHICH THE NOTE IS ISSUED,
IF
APPLICABLE]

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  

			
	 TRUSTEE’S CERTIFICATE
OF AUTHENTICATION

	
	 This is one of the Notes referred
to in the within-mentioned
Senior Indenture.

	
	 LAW DEBENTURE TRUST
COMPANY OF NEW YORK,
as Trustee

		
	By:	 	  

		 	Authorized Officer

  
 7 

 [FORM OF REVERSE OF SECURITY] 

This Note is one of a duly authorized issue of Global Notes, Series A of the Issuer. The Notes are issuable under a Senior Indenture,
dated as of November 22, 2006, among the Issuer, Law Debenture Trust Company of New York, as trustee (the “Trustee,” which term includes any successor trustee under the Senior Indenture) and Deutsche Bank Trust Company Americas
(“DBTCA”), as issuing agent, paying agent and registrar (as may be amended or supplemented from time to time, the “Senior Indenture”), to which Senior Indenture and all indentures supplemental thereto reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities of the Issuer, the Trustee and holders of the Notes and the terms upon which the Notes are, and are to be, authenticated and delivered. The Issuer has
appointed DBTCA acting through its principal corporate trust office in the Borough of Manhattan, The City of New York, as its Paying Agent, which term includes any additional or successor Paying Agent appointed by the Issuer, with respect to the
Notes. The terms of individual Notes may vary with respect to interest rates, interest rate formulas, issue dates, maturity dates, or otherwise, all as provided in the Senior Indenture. To the extent not inconsistent herewith, the terms of the
Senior Indenture are hereby incorporated by reference herein. 
 Unless otherwise indicated on the face hereof, this Note will
not be subject to any sinking fund and, unless otherwise indicated on the face hereof in accordance with the provisions of the following three paragraphs and except as set forth below, will not be redeemable or subject to repayment at the option of
the holder prior to maturity. 
 If so indicated on the face hereof, this Note may be redeemed in whole or in part at the option
of the Issuer on or after the Initial Redemption Date specified on the face hereof or on the Redemption Dates specified on the face hereof on the terms set forth on the face hereof, together with interest accrued and unpaid hereon to the date of
redemption (except as indicated below). 
 If this Note is subject to “Annual Redemption Percentage Reduction,”
the Initial Redemption Percentage indicated on the face hereof will be reduced on each anniversary of the Initial Redemption Date by the Annual Redemption Percentage Reduction specified on the face hereof until the redemption price of this Note is
100% of the principal amount hereof, together with interest accrued and unpaid hereon to the date of redemption (except as provided below). Notice of redemption shall be mailed to the registered holders of the Notes designated for redemption at
their addresses as the same shall appear on the Note register not less than 30 nor more than 60 calendar days prior to the date fixed for redemption or within the Redemption Notice Period specified on the face hereof, subject to all the conditions
and provisions of the Senior Indenture. In the event of redemption of this Note in part only, a new Note or Notes for the amount of the unredeemed portion hereof shall be issued in the name of the holder hereof upon the cancellation hereof.

 If so indicated on the face of this Note, this Note will be subject to repayment at the option of the holder on the Optional
Repayment Date or Dates specified on the face hereof on the terms set forth herein. On any Optional Repayment Date, this Note will be repayable in whole or in part in increments of the Minimum Denomination specified on the face of this Note
(provided 

  
 8 

 
that any remaining principal amount hereof shall not be less than the minimum authorized denomination hereof) at the option of the holder hereof at a price equal to the amount to be repaid,
calculated as set forth on the face of this Note, together with interest accrued and unpaid hereon to the date of repayment (except as provided below). For this Note to be repaid at the option of the holder hereof, the Paying Agent must receive at
its corporate trust office in the Borough of Manhattan, The City of New York, at least 15 but not more than 30 calendar days prior to the date of repayment, (i) this Note with the form entitled “Option to Elect Repayment” below duly
completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the Financial Industry Regulatory Authority, Inc. or a commercial bank or a trust company in the United States, setting
forth the name of the holder of this Note, the principal amount hereof, the certificate number of this Note or a description of this Note’s tenor and terms, the principal amount hereof to be repaid, a statement that the option to elect
repayment is being exercised thereby and a guarantee that this Note, together with the form entitled “Option to Elect Repayment” duly completed, will be received by the Paying Agent not later than the fifth Business Day after the date of
such telegram, telex, facsimile transmission or letter; provided, that such telegram, telex, facsimile transmission or letter shall only be effective if this Note and form duly completed are received by the Paying Agent by the fifth Business
Day after the date of that telegram, telex, facsimile transmission or letter. Unless otherwise indicated on the face of this Note, exercise of such repayment option by the holder hereof shall be irrevocable. In the event of repayment of this Note in
part only, a new Note or Notes for the amount of the unpaid portion hereof shall be issued in the name of the holder hereof upon the cancellation hereof. 
 This Note will bear interest at the rate determined in accordance with the applicable provisions below by reference to the Base Rate shown on the face hereof based on the Index Maturity, if any, shown on
the face hereof (i) plus or minus the Spread, if any, and/or (ii) multiplied by the Spread Multiplier, if any, specified on the face hereof. Commencing with the Initial Interest Reset Date specified on the face hereof, the rate at which
interest on this Note is payable shall be reset as of each Interest Reset Date specified on the face hereof (as used herein, the term “Interest Reset Date” shall include the Initial Interest Reset Date). The determination of the
rate of interest at which this Note will be reset on any Interest Reset Date shall be made on the Interest Determination Date (as defined below) pertaining to such Interest Reset Dates; provided, however, that the interest rate in effect for
the period from the Interest Accrual Date to the Initial Interest Reset Date will be the Initial Interest Rate. If any Interest Reset Date would otherwise be a day that is not a Business Day, such Interest Reset Date shall be postponed to the next
succeeding day that is a Business Day, except that if the Base Rate specified on the face hereof is LIBOR or EURIBOR and such Business Day is in the next succeeding calendar month, such Interest Reset Date shall be the immediately preceding Business
Day. 
 As used herein: 
  

	 	(a)	 “Business Day” means, unless otherwise provided on the face of this Note, any day other than a day that (i) is a Saturday or
Sunday, (ii) is a day on which banking institutions generally, in The City of New York or London, England are authorized or obligated by law, regulation or executive order to close or (iii) is a

  
 9 

	 	
day on which transactions in dollars are not conducted in The City of New York or London, England; and, in addition, (x) for LIBOR Notes only, a London Banking Day (as defined below),
(y) for Notes having a Specified Currency other than U.S. dollars only, other than Notes denominated in euros, any day that in the principal financial center (as defined below) of the country of the specified currency is not a day on which
banking institutions generally are authorized or obligated by law, regulation or executive order to close, and (z) for notes denominated in euros, a day on which TARGET (as defined below) is operating. 

 

	 	(b)	“Principal financial center” means the capital city of the country issuing the specified currency; however, for Australian dollars, Canadian dollars
and Swiss francs, the principal financial center will be Sydney, Toronto and Zurich, respectively. 

  

	 	(c)	“TARGET” means the Trans-European Automated Real-time Gross Settlement Express Transfer System. 

The Interest Determination Date pertaining to an Interest Reset Date for Notes bearing interest calculated by reference to the CD Rate,
Commercial Paper Rate, Federal Funds Rate, Prime Rate and CMT Rate (each as defined below) will be the second Business Day prior to such Interest Reset Date. The Interest Determination Date pertaining to the Eleventh District Cost of Funds Rate will
be the last working day of the month immediately preceding the applicable interest reset date on which the Federal Home Loan Bank of San Francisco (the “FHLB of San Francisco”) publishes the Eleventh District Index (as defined
below). The Interest Determination Date pertaining to an Interest Reset Date for Notes bearing interest calculated by reference to EURIBOR shall be the second TARGET Settlement Day prior to such Interest Reset Date. The Interest Determination Date
pertaining to an Interest Reset Date for Notes bearing interest calculated by reference to LIBOR shall be the second London Banking Day prior to such Interest Reset Date, except that the Interest Determination Date pertaining to an Interest Reset
Date for a LIBOR Note for which the Index Currency is pounds sterling will be such Interest Reset Date. As used herein, “London Banking Day” means any day on which dealings in deposits in the Index Currency (as defined herein) are
transacted in the London interbank market. The Interest Determination Date pertaining to an Interest Reset Date for Notes bearing interest calculated by reference to the Treasury Rate shall be the day of the week in which such Interest Reset Date
falls on which Treasury bills normally would be auctioned. Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is normally held on the following Tuesday, except that the
auction may be held on the preceding Friday; provided, that if an auction is held on the Friday of the week preceding such Interest Reset Date, the Interest Determination Date shall be such preceding Friday; and provided, further, that
if an auction shall fall on any Interest Reset Date, then the Interest Reset Date shall instead be the first Business Day following the date of such auction. The Interest Determination Date pertaining to an Interest Reset Date for Notes bearing
interest calculated by reference to two or more base rates will be the latest Business Day that is at least two Business Days before the Interest Reset Date for the applicable Note on which each base rate is determinable. 

  
 10 

 Unless otherwise specified on the face hereof, the “Calculation Date”
pertaining to an Interest Determination Date will be the earlier of (i) the tenth calendar day after such Interest Determination Date or, if such day is not a Business Day, the next succeeding Business Day, or (ii) the Business Day
immediately preceding the applicable Interest Payment Date or Maturity Date (or, with respect to any principal amount to be redeemed or repaid, any redemption or repayment date), as the case may be. 

Determination of CD Rate. If the Base Rate specified on the face hereof is the “CD Rate,” for any Interest
Determination Date, the CD Rate with respect to this Note shall be the rate on that date for negotiable U.S. dollar certificates of deposit having the Index Maturity specified on the face hereof as published by the Board of Governors of the Federal
Reserve System in “Statistical Release H.15(519), Selected Interest Rates,” or any successor publication of the Board of Governors of the Federal Reserve System (“H.15(519)”) under the heading “CDs (Secondary
Market).” 
 The following procedures shall be followed if the CD Rate cannot be determined as described above: 

(i) If the above rate is not published in H.15(519) by 3:00 p.m., New York City time, on the Calculation Date, the CD Rate shall be the
rate on that Interest Determination Date set forth in the daily update of H.15(519), available through the world wide website of the Board of Governors of the Federal Reserve System at http://www.federalreserve.gov/releases/h15/update/h15upd.htm, or
any successor site or publication (“H.15 Daily Update”) for the Interest Determination Date for certificates of deposit having the Index Maturity specified on the face hereof, under the caption “CDs (Secondary Market).”

 (ii) If the above rate is not yet published in either H.15(519) or the H.15 Daily Update by 3:00 p.m., New York City time, on
the Calculation Date, the Calculation Agent shall determine the CD Rate to be the arithmetic mean of the secondary market offered rates as of 10:00 a.m., New York City time, on that Interest Determination Date of three leading nonbank dealers in
negotiable U.S. dollar certificates of deposit in The City of New York, which may include the initial dealer and its affiliates, selected by the Calculation Agent (after consultation with the Issuer), for negotiable U.S. dollar certificates of
deposit of major U.S. money center banks of the highest credit standing in the market for negotiable certificates of deposit with a remaining maturity closest to the Index Maturity specified on the face hereof in denominations of $5,000,000.

 “Initial dealer” with respect to this Note means [either] [Name[s] of initial dealers][, as applicable]. 

(iii) If the dealers selected by the Calculation Agent are not quoting as set forth above, the CD Rate for that Interest Determination
Date shall remain the CD Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial Interest Rate. 

  
 11 

 Determination of Commercial Paper Rate. If the Base Rate specified on the face hereof
is the “Commercial Paper Rate,” for any Interest Determination Date, the Commercial Paper Rate with respect to this Note shall be the Money Market Yield (as defined herein), calculated as described below, of the rate on that date
for commercial paper having the Index Maturity specified on the face hereof, as that rate is published in the H.15(519) Daily Update, under the heading “Commercial Paper — Nonfinancial.” 

The following procedures shall be followed if the Commercial Paper Rate cannot be determined as described above: 

(i) If the above rate is not published in H.15(519) by 3:00 p.m., New York City time, on the Calculation Date, then the Commercial Paper
Rate shall be the Money Market Yield of the rate on that Interest Determination Date for commercial paper of the Index Maturity specified on the face hereof as published in the H.15 Daily Update under the heading “Commercial Paper —
Non-financial,” or other recognized electronic source used for the purpose of displaying the applicable rate. 
 (ii) If by
3:00 p.m., New York City time, on that Calculation Date the rate is not yet published in either H.15(519) or the H.15 Daily Update, then the Calculation Agent shall determine the Commercial Paper Rate to be the Money Market Yield of the arithmetic
mean of the offered rates as of 11:00 a.m., New York City time, on that Interest Determination Date of three leading nonbank dealers of commercial paper in The City of New York, which may include the initial dealer and its affiliates, selected by
the Calculation Agent (after consultation with the Issuer), for U.S. dollar commercial paper of the Index Maturity specified on the face hereof for a nonfinancial issuer whose bond rating is “AA,” or the equivalent, from a nationally
recognized rating agency. 
 (iii) If the dealers selected by the Calculation Agent are not quoting as set forth above, the
Commercial Paper Rate for that Interest Determination Date shall remain the Commercial Paper Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial
Interest Rate. 
 The “Money Market Yield” shall be a yield calculated in accordance with the following formula:

  

							
	Money Market Yield =	  	 D x 360
	  	x 100	  	 
	  	    360 – (D x M)    	  	  

 where “D” refers to the applicable per year rate for commercial paper quoted on a bank discount
basis and expressed as a decimal and “M” refers to the actual number of days in the interest period for which interest is being calculated. 
 Determination of Eleventh District Cost of Funds Rate. If the Base Rate specified on the face hereof is the “Eleventh district cost of funds rate notes,” for any Interest
Determination Date, the Eleventh district costs of funds rate with respect to this Note will be based on the 

  
 12 

 
eleventh district cost of funds rate and any spread and/or spread multiplier and will be subject to the minimum interest rate and the maximum interest rate, if any. The eleventh district cost of
funds rate will be determined as of each interest determination date relating to an eleventh district cost of funds rate note and will be the rate equal to the monthly weighted average cost of funds for the calendar month immediately preceding the
month in which such interest determination date falls as set forth under the caption “11th District” on the display on the Moneyline Telerate service (or any successor service) on page 7058 (or any other page as may replace such page on
such service), which we refer to as “Telerate page 7058” as of 11:00 A.M., San Francisco time, on such interest determination date. 
 The following procedures shall be followed if the rate cannot be determined as described above: 
 (i) If such rate does not appear on Telerate page 7058 on such interest determination date, then the eleventh district cost of funds rate on such interest determination date shall be the monthly weighted
average cost of funds paid by member institutions of the Eleventh Federal Home Loan Bank District that was most recently announced (which we refer to as the “Eleventh District Index”) by the FHLB of San Francisco as such cost of funds for
the calendar month immediately preceding such interest determination date. 
 (ii) If the FHLB of San Francisco fails to announce
the Eleventh District Index on or prior to such interest determination date for the calendar month immediately preceding such interest determination date, the eleventh district cost of funds rate will remain the eleventh district cost of funds rate
for the immediately preceding interest reset period, or, if there was no interest reset period, the rate of interest payable will be the initial interest rate. 
 Determination of EURIBOR Notes. If the Base Rate specified on the face hereof is “EURIBOR,” for any Interest Determination Date, EURIBOR with respect to this Note shall be the rate
for deposits in euros as sponsored, calculated and published jointly by the European Banking Federation and ACI — The Financial Market Association, or any company established by the joint sponsors for purposes of compiling and publishing those
rates, for the Index Maturity specified on the face hereof as that rate appears on the display on Moneyline Telerate, or any successor service, on page 248 or any other page as may replace page 248 on that service (“Telerate Page
248”) as of 11:00 a.m., Brussels time. 
 The following procedures shall be followed if the rate cannot be determined as
described above: 
 (i) If the above rate does not appear, or is not so published by 11:00 A.M., Brussels time, the Calculation
Agent shall request the principal Euro-zone office of each of four major banks in the Euro-zone interbank market, as selected by the Calculation Agent (after consultation with the Issuer), to provide the Calculation Agent with its offered rate for
deposits in euros, at approximately 11:00 a.m., Brussels time, on the Interest Determination Date, to prime banks in the Euro-zone interbank market for the Index Maturity specified on the face hereof commencing on the applicable Interest Reset Date,
and in a principal amount not less than the equivalent of 

  
 13 

 
U.S.$1 million in euro that is representative of a single transaction in euro in that market at that time. If at least two quotations are provided, EURIBOR shall be the arithmetic mean of those
quotations. 
 (ii) If fewer than two quotations are provided, EURIBOR shall be the arithmetic mean of the rates quoted by four
major banks in the Euro-zone interbank market, as selected by the Calculation Agent (after consultation with the Issuer), at approximately 11:00 a.m., Brussels time, on the applicable Interest Reset Date for loans in euro to leading European banks
for a period of time equivalent to the Index Maturity specified on the face hereof commencing on that Interest Reset Date in a principal amount not less than the equivalent of U.S.$1 million in euro that is representative of a single transaction in
euro, in that market at that time. 
 (iii) If the banks so selected by the Calculation Agent are not quoting as set forth above,
the EURIBOR rate for that Interest Determination Date shall remain the EURIBOR for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial Interest Rate.

 “Euro-zone” means the region comprised of member states of the European Union that adopt the single currency
in accordance with the relevant treaty of the European Union, as amended. 
 Determination of the Federal Funds Rates. If
the Base Rate specified on the face hereof is the “Federal Funds Rate,” for any Interest Determination Date, the Federal Funds Rate with respect to this Note shall be the rate on that date for federal funds as published in H.15(519)
under the heading “Federal Funds (Effective)” as displayed on Moneyline Telerate, or any successor service, on page 120 or any other page as may replace page 120 on that service (“Telerate Page 120”). 

The following procedures shall be followed if the Federal Funds Rate cannot be determined as described above: 

(i) If the above rate does not appear, or is not published by 3:00 p.m., New York City time, on the Calculation Date, the Federal Funds
Rate shall be the rate on that Interest Determination Date as published in the H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the heading “Federal Funds (Effective).”

 (ii) If the above rate is not yet published in either H.15(519) or the H.15 Daily Update by 3:00 p.m., New York City time, on
the Calculation Date, the Calculation Agent shall determine the Federal Funds Rate to be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds by each of three leading brokers of U.S. dollar federal funds
transactions in The City of New York, which may include the initial dealer and its affiliates, selected by the Calculation Agent (after consultation with the Issuer), prior to 9:00 a.m., New York City time, on that Interest Determination Date.

  
 14 

 (iii) If the dealers selected by the Calculation Agent are not quoting as set forth in
(ii) above, the Federal Funds Rate for that Interest Determination Date shall remain the Federal Funds Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be
the Initial Interest Rate. 
 Determination of LIBOR. If the Base Rate specified on the face hereof is
“LIBOR,” LIBOR with respect to this Note shall be based on London Interbank Offered Rate. The Calculation Agent shall determine LIBOR for each Interest Determination Date as follows: 

(i) As of the Interest Determination Date, LIBOR shall be either: (a) if “LIBOR Reuters” is specified as the
Reporting Service on the face hereof, the arithmetic mean of the offered rates for deposits in the Index Currency having the Index Maturity designated on the face hereof, commencing on the applicable Interest Reset Date immediately following that
Interest Determination Date, that appear on the Designated LIBOR Page, as defined below, as of 11:00 a.m., London time, on that Interest Determination Date, if at least two offered rates appear on the Designated LIBOR Page; except that if the
specified Designated LIBOR Page, by its terms provides only for a single rate, that single rate shall be used; or (b) if “LIBOR Telerate” is specified as the Reporting Service on the face hereof, the rate for deposits in the
Index Currency having the Index Maturity designated on the face hereof, commencing on the second London Banking Day immediately following that Interest Determination Date or, if pounds sterling is the Index Currency, commencing on that Interest
Determination Date, that appears on the Designated LIBOR Page at approximately 11:00 a.m., London time, on that Interest Determination Date. 
 (ii) If (a) fewer than two offered rates appear and LIBOR Reuters is specified on the face hereof, or (b) no rate appears and the face hereof specifies either (x) LIBOR Telerate or
(y) LIBOR Reuters and the Designated LIBOR Page by its terms provides only for a single rate, then the Calculation Agent shall request the principal London offices of each of four major reference banks in the London interbank market, as
selected by the Calculation Agent (after consultation with the Issuer), to provide the Calculation Agent with its offered quotation for deposits in the Index Currency for the period of the Index Maturity specified on the face hereof commencing on
the applicable Interest Reset Date immediately following the Interest Determination Date or, if pounds sterling is the Index Currency, commencing on that Interest Determination Date, to prime banks in the London interbank market at approximately
11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative of a single transaction in that Index Currency in that market at that time. 

(iii) If at least two quotations are provided, LIBOR determined on that Interest Determination Date shall be the arithmetic mean of those
quotations. If fewer than two quotations are provided, LIBOR shall be determined for the applicable Interest Reset Date as the arithmetic mean of the rates quoted at approximately 11:00 a.m., London time, or some other time specified on the face
hereof, in the applicable principal financial center for the country of the Index Currency on that Interest Reset Date, by three major banks in that principal financial center selected by the Calculation Agent (after consultation with the Issuer)
for loans in the Index Currency to leading European banks, having the Index Maturity specified on the face hereof and in a principal amount that is representative of a single transaction in that Index Currency in that market at that time.

  
 15 

 (iv) If the banks so selected by the Calculation Agent are not quoting as set forth above,
the LIBOR rate for that Interest Determination Date shall remain the LIBOR for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial Interest Rate. 

The “Index Currency” means the currency specified on the face hereof as the currency for which LIBOR shall be calculated,
or, if the euro is substituted for that currency, the Index Currency shall be the euro. If that currency is not specified on the face hereof, the Index Currency shall be U.S. dollars. 

“Designated LIBOR Page” means either: (a) if LIBOR Reuters is designated as the Reporting Service on the face
hereof, the display on the Reuters Monitor Money Rates Service for the purpose of displaying the London interbank rates of major banks for the applicable Index Currency or its designated successor, or (b) if LIBOR Telerate is designated as the
Reporting Service on the face hereof, the display on Moneyline Telerate, or any successor service, on the page specified on the face hereof, or any other page as may replace that page on that service, for the purpose of displaying the London
interbank rates of major banks for the applicable Index Currency. 
 If neither LIBOR Reuters nor LIBOR Telerate is specified on
the face hereof, LIBOR for the applicable Index Currency shall be determined as if LIBOR Telerate were specified, and, if the U.S. dollar is the Index Currency, as if Page 3750 had been specified. 

Determination of Prime Rate. If the Base Rate specified on the face hereof is “Prime Rate,” for any Interest
Determination Date, the Prime Rate with respect to this Note shall be the rate on that date as published in H.15(519) under the heading “U.S. Bank Prime Rates” or in another recognized electronic source used for the purpose of displaying
that rate. 
 The following procedures shall be followed if the Prime Rate cannot be determined as described above: 

(i) If the above rate is not published prior to 3:00 p.m., New York City time, on the Calculation Date, then the Prime Rate shall be the
rate on that Interest Determination Date as published in the H.15 Daily Update under the heading “Bank Prime Loan.” 

(ii) If the above rate is not published in either H.15(519) or the H.15 Daily Update by 3:00 p.m., New York City time, on the Calculation
Date, then the Calculation Agent shall determine the Prime Rate to be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen USPRIME 1 Page, as defined below, as that bank’s Prime Rate or
base lending rate as in effect for that Interest Determination Date. 

  
 16 

 (iii) If fewer than four rates appear on the Reuters Screen USPRIME 1 Page for that Interest
Determination Date, the Calculation Agent shall determine the Prime Rate to be the arithmetic mean of the Prime Rates or base lending rates quoted on the basis of the actual number of days in the year divided by 360 as of the close of business on
that Interest Determination Date by four major money center banks in The City of New York, which may include affiliates of the initial dealer, selected by the Calculation Agent (after consultation with the Issuer). 

(iv) If fewer than four such quotations are so provided, the Calculation Agent shall determine the Prime Rate to be the arithmetic mean of
four prime rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on that Interest Determination Date as furnished in The City of New York by the major money center banks, if any,
that have provided such quotations and by a reasonable number of substitute banks or trust companies (which may include us or our affiliates), provided such substitute banks or trust companies are organized and doing business under the laws of the
United States, or any State thereof, each having total equity capital of at least $500 million and being subject to supervision or examination by a Federal or state authority, selected by the Calculation Agent (after consultation with the Issuer) to
provide such rate or rates. 
 (v) If the banks selected by the Calculation Agent are not quoting as set forth above, the Prime
Rate for that Interest Determination Date shall remain the Prime Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial Interest Rate. 

“Reuters Screen USPRIME 1 Page” means the display designated as page “USPRIME 1” on the Reuters Monitor Money
Rates Service, or any successor service, or any other page as may replace the USPRIME 1 Page on that service for the purpose of displaying prime rates or base lending rates of major U.S. banks. 

Determination of Treasury Rate. If the Base Rate specified on the face hereof is “Treasury Rate,” the Treasury
Rate with respect to this Note shall be 
 (i) the rate from the Auction held on the applicable Interest Determination Date (the
“Auction”) of direct obligations of the United States (“Treasury Bills”) having the Index Maturity specified on the face hereof as that rate appears under the caption “INVESTMENT RATE” on the display on
Moneyline Telerate, or any successor service, on page 56 or any other page as may replace page 56 on that service (“Telerate Page 56”) or page 57 or any other page as may replace page 57 on that service (“Telerate Page
57”); or 
 (ii) if the rate described in (i) above is not published by 3:00 p.m., New York City time, on the
Calculation Date, the Bond Equivalent Yield of the rate for the applicable Treasury Bills as published in the H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption
“U.S. Government Securities/Treasury Bills/Auction High”; or 

  
 17 

 (iii) if the rate described in (ii) above is not published by 3:00 p.m., New York City
time, on the related Calculation Date, the Bond Equivalent Yield of the Auction rate of the applicable Treasury Bills, announced by the United States Department of the Treasury; or 

(iv) in the event that the Auction rate of Treasury Bills having the index maturity specified on the face hereof is not so announced by
the United States Department of the Treasury, or if no such Auction is held, then the Treasury rate will be calculated by the Calculation Agent and will be the bond equivalent yield of the arithmetic mean of the secondary market bid rates, as of
approximately 3:30 P.M., New York City time, on such Interest Determination Date, of three primary United States government securities dealers (which may include us or our affiliates) selected by the Calculation Agent (after consultation with the
Issuer), for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified in the applicable pricing supplement; or 
 (v) if the dealers selected by the Calculation Agent are not quoting as described in (iv), the Treasury Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period,
the rate of interest payable shall be the Initial Interest Rate. 
 The “Bond Equivalent Yield” means a yield
calculated in accordance with the following formula and expressed as a percentage: 
  

							
	Bond Equivalent Yield =	  	 D x N
	  	x 100	  	 
	  	    360 – (D x M)    	  	  

 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis,
“N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the interest period for which interest is being calculated. 
 Determination of CMT Rate. If the Base Rate specified on the face hereof is the “CMT Rate,” for any Interest Determination Date, the CMT Rate with respect to this Note shall be the
rate displayed on the Designated CMT Telerate Page (as defined below) under the caption “...Constant Maturities Treasury... Federal Reserve Board Release H.15... Mondays Approximately 3:45 p.m.,” under the column for the
Designated CMT Maturity Index, as defined below, for: 
 (1) the rate on that Interest Determination Date, if the Designated CMT
Telerate Page is 7051; and 
 (2) the weekly or monthly average, as specified on the face hereof, for the week or the month, as
applicable, ended immediately preceding the week in which the related Interest Determination Date occurs, if the Designated CMT Telerate Page is 7052. 

  
 18 

 The following procedures shall be followed if the CMT Rate cannot be determined as described
above: 
 (i) If the above rate is no longer displayed on the relevant page, or if not displayed by 3:00 p.m., New York City
time, on the related Calculation Date, then the CMT Rate shall be the Treasury Constant Maturity rate for the Designated CMT Maturity Index as published in the relevant H.15(519). 

(ii) If the above rate is no longer published, or if not published by 3:00 p.m., New York City time, on the related Calculation Date, then
the CMT Rate shall be the Treasury Constant Maturity Rate for the Designated CMT Maturity Index or other U.S. Treasury rate for the Designated CMT Maturity Index on the Interest Determination Date as may then be published by either the Board of
Governors of the Federal Reserve System or the United States Department of the Treasury that the Calculation Agent determines to be comparable to the rate formerly displayed on the Designated CMT Telerate Page and published in the relevant
H.15(519). 
 (iii) If the information set forth above is not provided by 3:00 p.m., New York City time, on the related
Calculation Date, then the Calculation Agent shall determine the CMT Rate to be a yield to maturity, based on the arithmetic mean of the secondary market closing offer side prices as of approximately 3:30 p.m., New York City time, on the Interest
Determination Date, reported, according to their written records, by three leading primary U.S. government securities dealers (“Reference Dealers”) in The City of New York, which may include the initial dealer or another affiliate,
selected by the Calculation Agent as described in the following sentence. The Calculation Agent shall select five reference dealers (after consultation with the Issuer) and shall eliminate the highest quotation or, in the event of equality, one of
the highest, and the lowest quotation or, in the event of equality, one of the lowest, for the most recently issued direct noncallable fixed rate obligations of the United States (“Treasury Notes”) with an original maturity of
approximately the Designated CMT Maturity Index, a remaining term to maturity of no more than 1 year shorter than that Designated CMT Maturity Index and in a principal amount that is representative for a single transaction in the securities in that
market at that time. 
 (iv) If the Calculation Agent cannot obtain three Treasury Notes quotations as described in
(iii) above, the Calculation Agent shall determine the CMT Rate to be a yield to maturity based on the arithmetic mean of the secondary market offer side prices as of approximately 3:30 p.m., New York City time, on the Interest Determination
Date of three reference dealers in The City of New York, selected using the same method described in (iii) above, for Treasury Notes with an original maturity of the number of years that is the next highest to the Designated CMT Maturity Index
and a remaining term to maturity closest to the Designated CMT Maturity Index and in an amount of at least $100 million. If two Treasury Notes with an original maturity as described above have remaining terms to maturity equally close to the
Designated CMT Maturity Index, the quotes for the Treasury Note with the shorter remaining term to maturity shall be used. 
 (v)
If three or four, and not five, of the reference dealers are quoting as described in (iv) above, then the CMT Rate for that Interest Determination Date shall be based on the arithmetic mean of the offer prices obtained and neither the highest
nor the lowest of those quotes shall be eliminated. 

  
 19 

 (vi) If fewer than three reference dealers selected by the Calculation Agent are quoting as
described in (iv) above, the CMT Rate for that Interest Determination Date shall be the CMT Rate for the immediately preceding Interest Reset Period, or, if there was no Interest Reset Period, the rate of interest payable shall be the Initial
Interest Rate. 
 “Designated CMT Telerate Page” means the display on Moneyline Telerate, or any successor
service, on the page designated on the face hereof or any other page as may replace that page on that service for the purpose of displaying Treasury Constant Maturities as reported in H.15(519). If no page is specified on the face hereof, the
Designated CMT Telerate Page shall be 7052, for the most recent week. 
 “Designated CMT Maturity Index” means
the original period to maturity of the U.S. Treasury securities, which is either 1, 2, 3, 5, 7, 10, 20 or 30 years, as specified in the applicable pricing supplement for which the CMT Rate shall be calculated. If no maturity is specified on the face
hereof, the Designated CMT Maturity Index shall be two years. 
 Notwithstanding the foregoing, the interest rate hereon shall
not be greater than the Maximum Interest Rate, if any, or less than the Minimum Interest Rate, if any, specified on the face hereof. The Calculation Agent shall calculate the interest rate hereon in accordance with the foregoing on or before each
Calculation Date. The interest rate on this Note will in no event be higher than the maximum rate permitted by New York law, as the same may be modified by United States Federal law of general application. 

At the request of the holder hereof, the Calculation Agent will provide to the holder hereof the interest rate hereon then in effect and,
if determined, the interest rate that will become effective as of the next Interest Reset Date. 
 Unless otherwise indicated on
the face hereof, interest payments on this Note shall be the amount of interest accrued from and including the Interest Accrual Date or from and including the last date to which interest has been paid or duly provided for to but excluding the
Interest Payment Dates or the Maturity Date (or any earlier redemption or repayment date), as the case may be. Accrued interest hereon shall be an amount calculated by multiplying the Face Amount hereof by an accrued interest factor. Such accrued
interest factor shall be computed by adding the interest factor calculated for each day in the period for which interest is being paid. The interest factor for each such date shall be computed by dividing the interest rate applicable to such day
(i) by 360 if the Base Rate is CD Rate, Commercial Paper Rate, EURIBOR, Federal Funds Rate, Prime Rate or LIBOR or (ii) by the actual number of days in the year if the Base Rate is the Treasury Rate or the CMT Rate. All percentages
resulting from any calculation of the rate of interest on this Note will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point (with .000005% being rounded up to .00001%) and all dollar amounts used in or resulting
from such calculation on this Note will be rounded to the nearest cent, with one-half cent rounded upward. The interest rate in effect on any Interest Reset Date will be the applicable rate as reset on such date. The interest rate applicable to any
other day is the interest rate from the immediately preceding Interest Reset Date (or, if none, the Initial Interest Rate). 

  
 20 

 This Note and all the obligations of the Issuer hereunder are direct, unsecured obligations
of the Issuer and rank without preference or priority among themselves and pari passu with all other existing and future unsecured and unsubordinated indebtedness of the Issuer, except for debts required to be preferred by law. 

This Note, and any Note or Notes issued upon transfer or exchange hereof, is issuable only in fully registered form, without coupons, and,
if denominated in U.S. dollars, unless otherwise specified above, is issuable only in denominations of U.S. $1,000 and any integral multiple of U.S. $1,000 in excess thereof. If this Note is denominated in a Specified Currency other than U.S.
dollars, then, unless otherwise specified above or unless a higher minimum denomination is required by applicable law, it is issuable only in denominations of the equivalent of U.S. $1,000 (rounded to an integral multiple of 1,000 units of such
Specified Currency), or any amount in excess thereof which is an integral multiple of such number of units of such Specified Currency, as determined by reference to the noon dollar buying rate in The City of New York for cable transfers of such
Specified Currency published by the Federal Reserve Bank of New York (the “Market Exchange Rate”) on the Business Day immediately preceding the date of issuance. If the Market Exchange Rate is not available for any reason with
respect to one or more currencies or currency units for which an exchange rate is required, the Exchange Rate Agent will use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the
most recent available date, or quotations from one or more major banks in New York City or in the country of issue of the currency or currency unit in question, or such other quotations as the Exchange Rate Agent shall deem appropriate. If there is
more than one market for dealing in any currency or currency unit by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit will be that upon which a non-resident issuer of securities
designated in such currency or currency unit would, as determined in its sole discretion and without liability on the part of the exchange rate agent, purchase such currency or currency unit in order to make payments in respect of such securities.

 DBTCA has been appointed registrar for the Notes, and DBTCA will maintain at its office in The City of New York, a register
for the registration and transfer of Notes. This Note may be transferred at either the aforesaid New York office of DBTCA by surrendering this Note for cancellation, accompanied by a written instrument of transfer in form satisfactory to the Issuer
and the Trustee and duly executed by the registered holder hereof in person or by the holder’s attorney duly authorized in writing, and thereupon the Trustee shall issue in the name of the transferee or transferees, in exchange herefor, a new
Note or Notes having identical terms and provisions and having a like aggregate principal amount in authorized denominations, subject to the terms and conditions set forth herein; provided, however, that the Trustee will not be
required (i) to register the transfer of or exchange any Note that has been called for redemption in whole or in part, except the unredeemed portion of Notes being redeemed in part, (ii) to register the transfer of or exchange any Note if
the holder thereof has exercised his right, if any, to require the Issuer to repurchase such Note in whole or in part, except the portion of such Note not required to be repurchased, or (iii) to register the transfer of or exchange Notes to the
extent and during the period so provided in the Senior Indenture with respect to the redemption of Notes. Notes are exchangeable at said offices for other Notes of other authorized 

  
 21 

 
denominations of equal aggregate principal amount having identical terms and provisions. All such registrations, exchanges and transfers of Notes will be free of service charge, but the Issuer
may require payment of a sum sufficient to cover any tax or other governmental charge in connection therewith. All Notes surrendered for exchange shall be accompanied by a written instrument of transfer in form satisfactory to the Issuer and the
Trustee and executed by the registered holder in person or by the holder’s attorney duly authorized in writing. The date of registration of any Note delivered upon any exchange or transfer of Notes shall be such that no gain or loss of interest
results from such exchange or transfer. 
 In case this Note shall at any time become mutilated, defaced or be destroyed, lost or
stolen and this Note or evidence of the loss, theft or destruction thereof (together with the indemnity hereinafter referred to and such other documents or proof as may be required in the premises) shall be delivered to the Trustee, the Issuer in
its discretion may execute a new Note of like tenor in exchange for this Note, but, in the case of any destroyed or lost or stolen Note, only upon receipt of evidence satisfactory to the Trustee and the Issuer that this Note was destroyed or lost or
stolen and, if required, upon receipt also of indemnity satisfactory to each of them. All expenses and reasonable charges associated with procuring such indemnity and with the preparation, authentication and delivery of a new Note shall be borne by
the owner of the Note mutilated, defaced, destroyed, lost or stolen. 
 If the face hereof indicates that this Note is subject to
“Tax Redemption and Payment of Additional Amounts,” this Note may be redeemed, as a whole, at the option of the Issuer at any time prior to maturity, upon the giving of a Notice of redemption as described below, at a redemption price equal
to 100% of the principal amount hereof, together with accrued interest to the date fixed for redemption, if the Issuer determines that, as a result of any change in or amendment to the laws, or any regulations or rulings promulgated thereunder, of
the Federal Republic of Germany, the United States, the jurisdiction of residence or incorporation of any successor corporation to the Issuer, or the jurisdiction of any issuing branch, or of any political subdivision or taxing authority thereof or
therein affecting taxation, or any change in official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the Initial Offering Date hereof, the Issuer has
or will become obligated to pay Additional Amounts, as defined below, with respect to this Note as described below. Prior to the giving of any Notice of redemption pursuant to this paragraph, the Issuer shall deliver to the Trustee (i) a
certificate stating that the Issuer is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Issuer to so redeem have occurred, and (ii) an opinion of independent
legal counsel satisfactory to the Trustee to such effect based on such statement of facts; provided, that no such Notice of redemption shall be given earlier than 60 calendar days prior to the earliest date on which the Issuer would be
obligated to pay such Additional Amounts if a payment in respect of this Note were then due. Notice of redemption will be given not less than 30 nor more than 60 calendar days prior to the date fixed for redemption or within the Redemption Notice
Period specified on the face hereof, which date and the applicable redemption price will be specified in the Notice. 

  
 22 

 Every net payment of the principal of and interest on this Note and any other amounts
payable on this Note will be made without any withholding or deduction for or on account of any present or future taxes, duties or governmental charges of any nature whatsoever imposed, levied or collected by or on behalf of the Federal Republic of
Germany, the United States, the jurisdiction of residence or incorporation of any successor corporation to the Issuer or the jurisdiction of any issuing branch, or by or on behalf of any political subdivision or authority therein or thereof having
the power to tax (“withholding taxes”) unless such deduction or withholding is required by law. In such event and if specified on the face hereof, the Issuer will, subject to certain exceptions and limitations set forth below, pay
such additional amounts (the “Additional Amounts”) to the holder of this Note as may be necessary in order that every net payment of the principal of and interest on this Note and any other amounts payable on this Note, after
withholding or deduction for or on account of any present or future tax, assessment or governmental charge imposed upon or as a result of such payment by the Federal Republic of Germany, the United States, the jurisdiction of residence or
incorporation of any successor corporation to the Issuer or the jurisdiction of any issuing branch, or any political subdivision or taxing authority thereof or therein, will not be less than the amount provided for in this Note to be then due and
payable. The Issuer will not, however, make any payment of Additional Amounts to any such holder for or on account of: 
 (a) any present or future tax, assessment or other governmental charge that would not have been so imposed but for (i) the existence of any present or former connection between a holder or beneficial
owner of this Note and the Federal Republic of Germany, the United States, the jurisdiction of residence or incorporation of any successor corporation to the Issuer or the jurisdiction of any issuing branch, other than the mere holding or beneficial
ownership of this Note; (ii) the presentation by or on behalf of the holder of this Note for payment on a date more than 15 calendar days after the date on which such payment became due and payable or the date on which payment thereof is duly
provided for, whichever occurs later; or (iii) a failure by the holder or beneficial owner of this Note (or any financial institution through which the holder or beneficial owner holds this Note or through which payment on this Note is made) to
enter into an agreement described in Section 1471(b)(1) of the U.S. Internal Revenue Code of 1986 (the “Code”) or otherwise comply with Sections 1471 through 1474 of the Code or any regulations promulgated thereunder;

 (b) any estate, inheritance, gift, sales, transfer, excise or personal property tax or any similar tax,
assessment or governmental charge; 
 (c) any tax, assessment or other governmental charge that is payable
otherwise than by withholding or deduction from payments on or in respect of this Note; 
 (d) any tax,
assessment or other governmental charge required to be withheld by any Paying Agent from any payment of principal of, or interest on, this Note, if such payment can be made without such withholding by at least one other Paying Agent; 

  
 23 

 (e) any tax, assessment or other governmental charge that would not have
been imposed but for the failure of the holder or beneficial owner of this Note to comply with certification, information or other reporting requirements concerning the nationality, residence or identity of the holder or beneficial owner of this
Note, if such compliance is required by statute or by regulation of the United States or of any political subdivision or taxing authority thereof or therein as a precondition to relief or exemption from such tax, assessment or other governmental
charge; 
 (f) any combination of items listed above. 

In addition, the Issuer shall not be required to make any payment of Additional Amounts (i) with respect to any withholding taxes
which are deducted or withheld pursuant to (A) European Council Directive 2003/48/EC or any other European Union Directive or Regulation implementing the conclusions of the ECOFIN Council meeting of 26-27 November 2000 on the taxation of
savings income, or (B) any international treaty or understanding entered into for the purpose of facilitating cooperation in the reporting and collection of savings income and to which (x) the United States, and (y) the European Union
or Germany is a party, or (C) any provision of law implementing, or complying with, or introduced to conform with, such Directive, Regulation, treaty or understanding; (ii) to the extent such deduction or withholding can be avoided or
reduced if the holder or beneficial owner of this Note makes a declaration of non-residence or other similar claim for exemption to the relevant tax authority or complies with any reasonable certification, documentation, information or other
reporting requirement imposed by the relevant tax authority; provided, however, that the exclusion in this clause will not apply if the certification, information, documentation or other reporting requirement would be materially more onerous (in
form, procedure or substance of information required to be disclosed) to the holder or beneficial owner of this Note than comparable information or other reporting requirements imposed under U.S. tax law, regulation and administrative practice (such
as IRS Forms W-8 and W-9); or (iii) by or on behalf of a holder who would have been able to avoid such withholding or deduction by presenting this Note or the relevant coupon to another Paying Agent in a member state of the European Union. Nor
shall the Issuer pay Additional Amounts with respect to any payment on this Note to a holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the
United States (or any political subdivision thereof) to be included in the income, for tax purposes, of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to
the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the holder of this Note. 
 The Senior
Indenture provides that (a) if an Event of Default (as defined in the Senior Indenture) due to the default in payment of principal, premium, if any, or interest on, any series of debt securities issued under the Senior Indenture, including the
series of Senior Global Notes of which this Note forms a part, or due to the default in the performance or breach of any other 

  
 24 

 
covenant or warranty of the Issuer applicable to the debt securities of such series but not applicable to all outstanding debt securities issued under the Senior Indenture, shall have occurred
and be continuing, either the Trustee or the holders of not less than 33 1/3% in aggregate principal amount of the outstanding debt securities of each affected series, voting as one class, by notice
in writing to the Issuer and to the Trustee, if given by the securityholders, may then declare the principal of all debt securities of all such series and interest accrued thereon to be due and payable immediately and (b) if an Event of Default
due to a default in the performance of any other of the covenants or agreements in the Senior Indenture applicable to all outstanding debt securities issued thereunder, including this Note, or due to certain events of bankruptcy, insolvency or
reorganization of the Issuer, shall have occurred and be continuing, either the Trustee or the holders of not less than 33 1/3% in aggregate principal amount of all outstanding debt securities issued under the Senior Indenture, voting
as one class, by notice in writing to the Issuer and to the Trustee, if given by the securityholders, may declare the principal of all such debt securities and interest accrued thereon to be due and payable immediately, but upon certain conditions
such declarations may be annulled and past defaults may be waived (except a continuing default in payment of principal, premium, if any, or interest on such debt securities) by the holders of a majority in aggregate principal amount of the debt
securities of all affected series then outstanding. 
 The Senior Indenture permits the Issuer and the Trustee,
with the consent of the holders of not less than a majority in aggregate principal amount of the debt securities of all series issued under the Senior Indenture then outstanding and affected (voting as one class), to execute supplemental indentures
adding any provisions to or changing in any manner the rights of the holders of each series so affected; provided that the Issuer and the Trustee may not, without the consent of the holder of each outstanding debt security affected thereby,
(i) extend the final maturity of any such debt security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any amount payable on redemption thereof, or change the currency of
payment thereof, or modify or amend the provisions for conversion of any currency into any other currency, or modify or amend the provisions for conversion or exchange of the debt security for securities of the Issuer or other entities or for other
property or the cash value of the property (other than as provided in the antidilution provisions or other similar adjustment provisions of the debt securities or otherwise in accordance with the terms thereof), or impair or affect the rights of any
holder to institute suit for the payment thereof or (ii) reduce the aforesaid percentage in principal amount of debt securities the consent of the holders of which is required for any such supplemental indenture. 

Except as set forth below, if the principal of, premium, if any, or interest on this Note is payable in a Specified Currency other than
U.S. dollars and such Specified Currency is not available to the Issuer for making payments hereon due to the imposition of exchange controls or other circumstances beyond the control of the Issuer or is no longer used by the government of the
country issuing such currency or for the settlement of transactions by public institutions within the international banking community, then the Issuer will be entitled to satisfy its obligations to the holder of this Note by making such payments in
U.S. dollars (the “Substitute Currency”). The Substitute Currency will become the currency of payment on each payment date occuring after the last date on which the Specified Currency was available (the

  
 25 

 
“Conversion Date”) but such Specified Currency will, at the Issuer’s election, resume being the currency of payment on the first such payment date preceded by 15 Business
Days during which the circumstances which gave rise to the change of currency no longer prevail, in each case, as determined in good faith by the Issuer. The Substitute Currency amount to be paid by the Issuer to the Paying Agent and by the Paying
Agent to the Holder of this Note with respect to such payment date will be the Currency Equivalent or Currency Unit Equivalent (each as defined below) of the Specified Currency as determined by the Exchange Rate Agent (as defined below), which such
determination will be delivered in writing to the Paying Agent not later than the fifth Business Day prior to the applicable payment date, as of the Conversion Date, or, if later, the date most recently preceding the payment date in question on
which such determination is possible of performance, but not more than 15 Business Days before such payment date. Such Conversion Date or date preceding a payment date is referred to a the “Substitute Currency Valuation Date.” Any payment
in a Substitute Currency under the circumstances described above will not constitute an Event of Default under this Note. 
 The
“Currency Equivalent” will be determined by the Exchange Rate Agent as of each Substitute Currency Valuation Date and will be obtained by converting the Specified Currency (unless the Specified Currency is a currency unit) into the
Substitute Currency at the Market Exchange Rate on the Substitute Currency Valuation Date. 
 The “Currency Unit
Equivalent” will be determined by the Exchange Rate Agent as of each Substitute Currency Valuation Date and will be the sum obtained by adding together the results obtained by converting the Specified Amount of each intial Component
Currency into the Substitute Currency at the Market Exchange Rate on the Substitute Currency Valuation Date for such Component Currency. 
 The “Component Currency” means any currency which, on the Conversion Date, was a component currency of the relevant currency unit. 

The “Specified Amount” of a Component Currency means the number of units (including decimals) which such Component
Currency represented in the relevant currency unit, on the Conversion Date or the Substitute Currency Valuation Date or the last date the currency unit was so used, whichever is later. If after such date the official unit of any Component Currency
is altered by way of combination or subdivision, the Specified Amount of such Component Currency will be divided or multiplied in the same proportion. If after such date two or more Component Currencies are consolidated into a single currency, the
respective Specified Amounts of such Component Currencies will be replaced by an amount in such single currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and
such amount will thereafter be a Specified Amount and such single currency will thereafter be a Component Currency. If after such date any Component Currency will be divided into two or more currencies, the Specified Amount of such Component
Currency will be replaced by Specified Amounts of such two or more currencies, the sum of which, at the Market Exchange Rate of such two or more currencies on the date of such replacement, will be equal to the Specified Amount of such former
Component Currency and such amounts will thereafter be Specified Amounts and such currencies will thereafter be Component Currencies. 

  
 26 

 The “Exchange Rate Agent” shall be Deutsche Bank AG, London Branch, unless
otherwise indicated on the face hereof. 
 All determinations referred to above made by, or on behalf of, the Issuer or by, or on
behalf of, the Exchange Rate Agent shall be at such entity’s sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and binding on holders of this Note and coupons. 

So long as this Note shall be outstanding, the Issuer will cause to be maintained an office or agency for the payment of the principal of
and premium, if any, and interest on this Note as herein provided in the Borough of Manhattan, The City of New York, and an office or agency in said Borough of Manhattan for the registration, transfer and exchange as aforesaid of this Note. The
Issuer may designate other agencies for the payment of said principal, premium and interest at such place or places (subject to applicable laws and regulations) as the Issuer may decide. So long as there shall be such an agency, the Issuer shall
keep the Trustee advised of the names and locations of such agencies, if any are so designated. If any European Union Directive on the taxation of savings comes into force, the Issuer will, to the extent possible as a matter of law, maintain a
Paying Agent in a member state of the European Union that will not be obligated to withhold or deduct tax pursuant to any such Directive or any law implementing or complying with, or introduced in order to conform to, such Directive. 

With respect to moneys paid by the Issuer and held by the Trustee or any Paying Agent for payment of the principal of or interest or
premium, if any, on any Notes that remain unclaimed at the end of two years after such principal, interest or premium shall have become due and payable (whether at maturity or upon call for redemption or otherwise), (i) the Trustee or such
Paying Agent shall notify the holders of such Notes that such moneys shall be repaid to the Issuer and any person claiming such moneys shall thereafter look only to the Issuer for payment thereof and (ii) such moneys shall be so repaid to the
Issuer. Upon such repayment all liability of the Trustee or such Paying Agent with respect to such moneys shall thereupon cease, without, however, limiting in any way any obligation that the Issuer may have to pay the principal of or interest or
premium, if any, on this Note as the same shall become due. 
 No provision of this Note or of the Senior Indenture shall alter
or impair the obligation of the Issuer, which is absolute and unconditional, to pay the amount of cash, or other property, as determined in accordance with the provisions set forth on the face of this Note due with respect to the principal of,
premium, if any, and interest on this Note at the time, place, and rate, and in the coin or currency, herein prescribed unless otherwise agreed between the Issuer and the registered holder of this Note. 

Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may
treat the holder in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Issuer, the Trustee or any such agent shall be affected by notice to the contrary. 

  
 27 

 No recourse shall be had for the payment of the principal of, premium, if any, or the
interest on this Note, for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Senior Indenture or any indenture supplemental thereto, against any incorporator, shareholder, officer or director, as such, past,
present or future, of the Issuer or of any successor corporation, either directly or through the Issuer or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 
 This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 
 As used herein, the term “Notices” refers to notices to the holders of the Notes at each holder’s address as that address appears in the register for the Notes by first class mail,
postage prepaid, and to be given by publication in an authorized newspaper in the English language and of general circulation in the Borough of Manhattan, The City of New York, and London or, if publication in London is not practical, in an English
language newspaper with general circulation in Western Europe; provided that notice may be made, at the option of the Issuer, through the customary notice provisions of the clearing system or systems through which beneficial interests in this
Note are owned. Such Notices will be deemed to have been given on the date of such publication (or other transmission, as applicable), or if published in such newspapers on different dates, on the date of the first such publication. 

All other terms used in this Note which are defined in the Senior Indenture and not otherwise defined herein shall have the meanings
assigned to them in the Senior Indenture. 

  
 28 

 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

  

					
	 TEN COM
	  	–	  	as tenants in common
	 TEN ENT
	  	–	  	as tenants by the entireties
	 JT TEN
	  	–	  	as joint tenants with right of survivorship and not as tenants in common

  

													
							
	 UNIF GIFT MIN ACT –
	  	                             
                            	 	Custodian	 	                             
                                 	 		 		 	
		  	(Minor)	 		 	(Cust)	 		 		 	

 
													
					
	Under Uniform Gifts to Minors Act	 	                             
                                         
                                         
          	 		 		 	
		 		 	(State)	 		 		 	

 
											
			
	Additional abbreviations may also be used though not in the above list.	 		 	

  
  

  
 29 

 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

  

			
		
	  
	  	

			
	 [PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE]
	  	
	
	  

	
	  

	
	  

 [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE] 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing such person attorney to transfer such Note on the books of the
Issuer, with full power of substitution in the premises. 
  

			
	 Dated:
                                        

			
		
	NOTICE:	 	The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change
whatsoever.

  
 30 

 OPTION TO ELECT REPAYMENT 

The undersigned hereby irrevocably requests and instructs the Issuer to repay the within Note (or portion thereof specified below)
pursuant to its terms at a price equal to the principal amount thereof, together with interest to the Optional Repayment Date, to the undersigned at 
  

	
	  

	
	  

	
	  

	(Please print or typewrite name and address of the undersigned)

 If less than the entire principal amount of the within Note is to be repaid, specify the portion thereof
which the holder elects to have repaid:                     ; and specify the denomination or denominations (which shall not be less than the
minimum authorized denomination) of the Notes to be issued to the holder for the portion of the within Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid):
                    . 
  

					
	Dated:
                                        
	  		  	  
 NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of the within instrument in every particular without alteration or
enlargement.

  
 31EX-10.1

 EXHIBIT 10.1 

 
 SALE SUPPLEMENT

 dated as of September 28, 2012 
 between 
 OCWEN LOAN SERVICING, LLC, as Seller, 

and 

HLSS HOLDINGS, LLC, as Purchaser 
  

 

 TABLE OF CONTENTS 

 

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

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 4.13 Anti-Money Laundering Laws
	  	 	17	  
		
	 4.14 Servicer Ratings
	  	 	17	  
		
	 4.15 Eligible Servicer
	  	 	17	  
		
	 4.16 HAMP
	  	 	17	  
		
	 ARTICLE 5 CONDITIONS PRECEDENT
	  	 	17	  
		
	 5.1 Conditions to the Purchase of the Rights to MSRs and the Advance SPEs
	  	 	17	  
		
	 ARTICLE 6 SERVICING MATTERS
	  	 	18	  
		
	 6.1 Seller as Servicer
	  	 	18	  
		
	 6.2 Servicing
	  	 	18	  
		
	 6.3 Collections from Obligors and Remittances
	  	 	18	  
		
	 6.4 Servicing Practices
	  	 	19	  
		
	 6.5 Servicing Reports
	  	 	19	  
		
	 6.6 Escrow Accounts
	  	 	19	  
		
	 6.7 Notices and Financial Information
	  	 	19	  
		
	 6.8 Defaults under Deferred Servicing Agreements
	  	 	19	  
		
	 6.9 Continuity of Business
	  	 	20	  
		
	 6.10 Optional Termination or Clean Up Calls
	  	 	20	  
		
	 6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights
	  	 	20	  
		
	 6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights
	  	 	20	  
		
	 6.13 Termination Event
	  	 	21	  
		
	 6.14 Servicing Transfer
	  	 	21	  
		
	 6.15 Incorporation of Provisions from Subservicing Agreement
	  	 	21	  
		
	 ARTICLE 7 SELLER SERVICING FEES; COSTS AND EXPENSES
	  	 	21	  
		
	 7.1 Seller Monthly Servicing Fee
	  	 	21	  
		
	 7.2 Performance Fee
	  	 	21	  
		
	 7.3 Costs and Expenses
	  	 	22	  
		
	 7.4 Ancillary Income
	  	 	22	  
		
	 7.5 Calculation and Payment
	  	 	22	  
		
	 7.6 No Offset
	  	 	22	  
		
	 7.7 Servicing Fee Reset Date
	  	 	23	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

					
		
	 ARTICLE 8 INDEMNIFICATION
	 	 	23	  
		
	 8.1 Seller Indemnification of Purchaser
	 	 	23	  
		
	 8.2 Purchaser Indemnification of Seller
	 	 	23	  
		
	 8.3 Indemnification Procedures
	 	 	24	  
		
	 8.4 Tax Treatment
	 	 	25	  
		
	 8.5 Survival
	 	 	25	  
		
	 8.6 Additional Indemnification
	 	 	25	  
		
	 8.7 Specific Performance
	 	 	25	  
		
	 ARTICLE 9 GRANT OF SECURITY INTEREST
	 	 	26	  
		
	 9.1 Granting Clause
	 	 	26	  
		
	 ARTICLE 10 MISCELLANEOUS PROVISIONS
	 	 	27	  
		
	 10.1 Further Assurances
	 	 	27	  
		
	 10.2 Compliance with Applicable Laws; Licenses
	 	 	27	  
		
	 10.3 Merger, Consolidation, Etc.
	 	 	27	  
		
	 10.4 Annual Officer’s Certificate
	 	 	27	  
		
	 10.5 Accounting Treatment
	 	 	28	  
		
	 10.6 Incorporation
	 	 	28	  

  

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

  
 -iii-

 SALE SUPPLEMENT 

This Sale Supplement, dated as of September 28, 2012 (this “Sale Supplement”), is between Ocwen Loan Servicing,
LLC, a Delaware limited liability company (“Seller”), and HLSS Holdings, LLC, a Delaware limited liability company (“Purchaser”): 
 WITNESSETH: 
 WHEREAS, Seller and Purchaser are parties to that
certain Master Servicing Rights Purchase Agreement, dated as of February 10, 2012 (the “Agreement”), with respect to the sale by Seller and the purchase by Purchaser of the Servicing Rights and other assets; and 

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

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

 DEFINITIONS; REFERENCE TO MASTER SERVICING RIGHTS PURCHASE 

AGREEMENT 

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

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

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

“Closing Date”: September 28, 2012; provided that, with respect to Section 5.3 of the Agreement, the Closing
Date shall be the related Servicing Transfer Date. 
 “Closing Statement”: The statement delivered by Seller to
Purchaser on the Closing Statement Delivery Date setting forth the good faith calculation of the Estimated Purchase Price. 

  
 -1-

 “Closing Statement Delivery Date”: The Closing Date, unless otherwise agreed by
Seller and Purchaser. 
 “Consent Period”: For each Deferred Servicing Agreement and each related Deferred Servicing
Right, the period, if any, from and including the Closing Date to and including the related Servicing Transfer Date. 

“Cut-off Date”: September 27, 2012, or such other date as is agreed by Seller and Purchaser. 

“Deferred Mortgage Loan”: A mortgage loan subject to a Deferred Servicing Agreement. 

“Deferred Servicing Agreement”: As of any date of determination, each Servicing Agreement that is not a Transferred Servicing
Agreement on such date. For avoidance of doubt, on the Closing Date each Servicing Agreement is a Deferred Servicing Agreement. 

“Deferred Servicing Right”: As of any date of determination, each Servicing Right arising under a Servicing Agreement that is a
Deferred Servicing Agreement on such date. 
 “Excess Servicing Advances”: For any calendar month, the amount, if any,
by which the outstanding Servicer Advances with respect to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such calendar month multiplied by (b) the unpaid principal
balance of the Mortgage Loans subject to the Servicing Agreements as of the last day of such calendar month. 
 “Excluded
Liabilities”: As defined in Section 2.4(c). 
 “Fannie Mae”: As defined in the Subservicing
Agreement. 
 “Indemnified Person”: A Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be.

 “Indemnifying Person”: The Seller pursuant to Section 8.1 or the Purchaser pursuant to
Section 8.2, as the case may be. 
 “Initial Servicing Advance Receivable”: As defined in
Section 3.1. 
 “Investor”: With respect to any Securitization Transaction, any holder or other beneficial
owner of any securities issued by the related Trust. 
 “Liability”: As defined in Section 8.1.

 “Monthly Remittance Report”: With respect to each Deferred Servicing Agreement, a report substantially in the form
attached as Exhibit A to this Sale Supplement or in such other form as may be agreed to by Seller and Purchaser from time to time. 

  
 -2-

 “Monthly Servicing Fee”: For each calendar month, the Base Subservicing Fee (as
defined in the Subservicing Supplement) for such calendar month together with the Seller Monthly Servicing Fee for such calendar month. 
 “Monthly Servicing Oversight Report”: A report with respect to all of the Deferred Servicing Agreements and related Mortgage Loans in such form as may be agreed to by Seller and Purchaser from
time to time. 
 “MSR Purchase Price”: For each Servicing Agreement, an amount equal to the product of (i) the
Valuation Percentage for such Servicing Agreement and (ii) the aggregate unpaid principal balance of the Mortgage Loans subject to such Servicing Agreement as of the Closing Date. 

“P&I Advance”: As defined in the Subservicing Agreement. 

“Performance Fee”: As defined in Section 7.2. 

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

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

“Retained Servicing Fee Percentage”: For any calendar month, the percentage set forth on Schedule III to this Sale
Supplement. 
 “Retained Servicing Fee Shortfall”: For any calendar month, beginning in October 2012, an amount
equal to the excess, if any, of (a) the Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Fees actually received by Purchaser with respect to the Deferred Servicing Agreements
and pursuant to the Transferred Servicing Agreements during such calendar month (whether directly pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) over (y) the Monthly Servicing Fee for such calendar
month. 
 “Rights to MSRs”: For each Servicing Agreement, each of the following assets: 

(a) all Servicing Fees payable to Seller as of or after the Closing Date under such Servicing Agreement and the right to receive all
Servicing Fees accruing and payable as of or after the Closing Date under such Servicing Agreement; 

  
 -3-

 (b) the right to receive any investment income earned on amounts on deposit in any Custodial
Account or Escrow Account related to such Servicing Agreements as of or after the Closing Date; 
 (c) the right to purchase the
Servicing Rights pursuant to Section 2.2 of this Sale Supplement; and 
 (d) any proceeds of any of the foregoing.

 “Sale Date”: For each Servicing Advance Receivable, the date on which such Servicing Advance Receivable is
transferred to Purchaser pursuant to Section 3.1. 
 “Seller Indemnified Party”: As defined in
Section 8.1. 
 “Seller Monthly Servicing Fee”: As defined in Section 7.1. 

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

 “Servicing Advance Payment Date”: (a) For any Initial Servicing Advance Receivable, the Closing Date and
(b) for any Additional Servicing Advance Receivable, the Funding Date (as defined in the Servicing Advance Financing Agreement) for such Additional Servicing Advance Receivable. 

“Servicing Advance Receivable”: For each Servicer Advance, the right to receive reimbursement for such Servicer Advance under
the Servicing Agreement pursuant to which such Servicer Advance was made. 
 “Servicing Advance Receivable Purchase
Price”: With respect to each Servicing Advance Payment Date, for each Servicing Advance Receivable, the outstanding amount that is reimbursable under the related Servicing Agreement with respect to such Servicing Advance Receivable as of such
Servicing Advance Payment Date. 
 “Servicing Agreement”: Each of the servicing agreements described on Schedule
I and each of the Underlying Documents described on Schedule II governing the rights, duties and obligations of Seller as servicer under such agreements. 
 “Servicing Fee Reset Date”: The date which is six (6) years after the Closing Date. 
 “Servicing Rights Assets”: As defined in Section 2.2. 

“Servicing Transfer Date”: With respect to each Servicing Agreement, the date on which all of the Third Party Consents related
to such Servicing Agreement necessary to transfer the related Servicing Rights to Seller are received or such later date mutually agreed to by Seller and Purchaser. 

  
 -4-

 “Special Damages”: As defined in Section 8.3(d). 

“Subservicing Agreement”: That certain Master Subservicing Agreement, dated as of February 10, 2012, between the Seller,
as subservicer, and the Purchaser, as servicer, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Subservicing Supplement”: That certain Subservicing Supplement, dated as of September 28, 2012, between the Seller, as subservicer, and the Purchaser, as servicer, as the same may be
amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Summary Schedule”: As defined
in Section 4.5(a). 
 “Target Ratio” for each calendar month shall mean the amount specified in
Schedule IV with respect to such month. 
 “Termination Event” means the occurrence of any one or more of the
following events (whatever the reason for the occurrence of such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body): 
 (a) Seller fails to remit any payment required to be made under the terms of this
Sale Supplement (to the extent not resulting solely from Purchaser failing to purchase a Servicing Advance Receivable required to be purchased by Purchaser under this Sale Supplement), which continues unremedied for a period of one (1) Business
Day after the date on which written notice of such failure shall have been given by Purchaser to Seller; 
 (b) Seller fails to
deliver any required information or report that is complete in all material respects as required pursuant to this Sale Supplement in the manner and time frame set forth herein, which failure continues unremedied for a period of two (2) Business
Days after the date on which written notice of such failure shall have been given to Seller by Purchaser; 
 (c) Seller fails to
observe or perform in any material respect any other covenant or agreement of Seller set forth in the Agreement or this Sale Supplement, which failure continues unremedied for a period of thirty (30) days after the date on which written notice
of such failure shall have been given to Seller by Purchaser; provided however, in the event that any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty
(30) day cure period set forth above; 
 (d) a material breach by Seller of any representation and warranty made by it in
the Agreement or this Sale Supplement, which breach continues unremedied for a period of thirty (30) days after the date on which written notice of such failure shall have been given to Seller by Purchaser; provided, however, in the event that
any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set forth above; 

  
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 (e) Seller fails to maintain residential primary servicer ratings for subprime loans of at
least “Average” by Standard & Poor’s Rating Services, a division of Standards & Poor’s Financial Services LLC (or its successor in interest), “SQ3” by Moody’s Investors Service, Inc. (or its
successor in interest) and “RPS4+” and “RSS4+” by Fitch Ratings (or its successor in interest); 
 (f)
Seller ceases to be a Fannie Mae, Freddie Mac or FHA approved servicer; 
 (g) the occurrence of a Material Adverse Event;

 (h) any of the conditions specified in the applicable “Servicer Default”, “Servicer Event of Default,”
“Event of Default,” “Servicing Default” or “Servicer Event of Termination” or similar sections of any Deferred Servicing Agreement or any related Underlying Document shall have occurred with respect to Seller for any
reason not caused by Purchaser (other than as a result of any delinquency or loss trigger which was already triggered as of the Closing Date with respect to such Deferred Servicing Agreement); provided that Seller shall be entitled to any applicable
cure period set forth in such Deferred Servicing Agreement or Underlying Document; 
 (i) a decree or order of a court or agency
or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or
liquidation of its affairs, shall have been entered against Seller and such decree or order shall have remained in force undischarged or unstayed for a period of thirty (30) days; 

(j) Seller shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of
debt, marshaling of assets and liabilities or similar proceedings of or relating to Seller or of or relating to all or substantially all of its property; or 
 (k) Seller shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment
for the benefit of its creditors or voluntarily suspend payment of its obligations. 
 “Third-Party Claim”: As defined
in Section 8.3(b). 
 “Transferred Assets”: The Rights to MSRs and the Transferred Servicing Rights.

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

“Transferred Servicing Agreement”: As of any date of determination, a Servicing Agreement with respect to which the related
Servicing Rights have been transferred to Purchaser pursuant to Section 2.2 of this Sale Supplement or to its designee in accordance with the terms of this Sale Supplement on or prior to such date. For the avoidance of doubt, on the
Closing Date no Servicing Agreement is a Transferred Servicing Agreement. 
 “Transferred Servicing Rights”: As of any
date of determination, any Servicing Rights that have been transferred to Purchaser pursuant to Section 2.2 of this Sale Supplement on or prior to such date. 

  
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 “UCC”: As defined in Section 3.1. 

“Valuation Percentage”: For each Servicing Agreement, the valuation percentage for such Servicing Agreement as set forth in
Schedule V hereto. 
 (b) Any capitalized term used but not defined in this Sale Supplement shall have the meaning
assigned to such term in the Agreement. 
 1.2 Reference to the Master Servicing Rights Purchase Agreement. Each of
Seller and Purchaser agrees that (a) this Sale Supplement is a “Sale Supplement” executed pursuant to Section 2.1 of the Agreement, (b) the terms of this Sale Supplement are hereby incorporated into the Agreement with
respect to the Servicing Agreements and the related Mortgage Loans to the extent set forth therein and herein, and (c) the terms of this Sale Supplement apply to the Servicing Agreements specified herein and not to any other “Servicing
Agreement” as that term is used in the Agreement. In the event of any conflict between the provisions of this Sale Supplement and the Agreement, the terms of this Sale Supplement shall prevail. 

ARTICLE 2 

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

 (a) the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to such Servicing Agreement, in
each case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or involuntary of the foregoing; 

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

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

2.3 MSR Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, as consideration for the
purchase of the Rights to MSRs and the Servicing Rights Assets, Purchaser shall pay the MSR Purchase Price for each Servicing Agreement to Seller. 
 2.4 Assumed Liabilities and Excluded Liabilities. 
 (a) Upon the terms and
subject to the conditions set forth herein and in the Agreement, Purchaser shall assume, (i) prior to the Servicer Transfer Date for each Servicing Agreement, and solely as between Purchaser and Seller, all of the duties, obligations and
liabilities of Seller (other than the Excluded Liabilities), as servicer but subject to such Servicing Agreements, and provided that Seller will continue to act as the servicer as set forth herein and in no event shall Purchaser be a subservicer,
subcontractor or servicer within the meaning of a Servicing Agreement prior to the related Servicing Transfer Date and (ii) as of or after the Servicing Transfer Date for each Servicing Agreement, all of the duties, obligations, and liabilities
of Seller (other than the Excluded Liabilities) as servicer accrued and pertaining solely to the period from and after such Servicing Transfer Date relating to the Servicing Rights that are subject to such Servicing Agreement (the “Assumed
Liabilities”). 
 (b) Purchaser hereby agrees to act as servicer under each Servicing Agreement following the related
Servicing Transfer Date and assumes responsibility for the due and punctual performance and observance of each covenant and condition to be performed or observed by the servicer under the applicable Servicing Agreement, including the obligation to
service each Mortgage Loan in accordance with the terms of the related Servicing Agreement; provided, however, that the parties hereto acknowledge and agree that neither Purchaser nor any successor servicer assumes any liabilities of Seller,
or any obligations of Seller relating to any period of time prior to the applicable Servicing Transfer Date. Seller hereby acknowledges that neither this Sale Supplement nor the Agreement limits or otherwise releases it from its liabilities for its
acts or omissions as the servicer under the Servicing Agreements prior to the related Servicing Transfer Date. Purchaser hereby acknowledges that Seller shall have no further obligation as servicer under any of the Servicing Agreements on and after
the related Servicing Transfer Date, except to the extent set forth in this Sale Supplement, the Agreement, the Subservicing Agreement and the Subservicing Supplement. 

  
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 (c) Notwithstanding anything to the contrary contained herein, Purchaser does not assume any
duties, obligations or liabilities of any kind, whether known, unknown, contingent or otherwise, (i) not relating to the Transferred Servicing Rights or the Assumed Liabilities, (ii) attributable to any acts or omissions to act taken or
omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives, including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date, (iii) attributable to any
actions, causes of action, claims, suits or proceedings or violations of law or regulation attributable to any acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives,
including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date or (iv) relating to any representation and warranty made by Seller or any of its Affiliates with respect to the related
Mortgage Loans or the Transferred Assets (the “Excluded Liabilities”). Without limiting the generality of the foregoing, it is not the intention that the assumption by Purchaser of the Assumed Liabilities shall in any way enlarge
the rights of any third parties relating thereto. Nothing contained in the Agreement or this Sale Supplement shall prevent any party hereto from contesting matters relating to the Assumed Liabilities with any third party obligee. 

(d) From and after the related Servicing Transfer Date, except as otherwise provided for in Section 8.3 of this Sale
Supplement, (i) Purchaser shall have complete control over the payment, settlement or other disposition of the Assumed Liabilities and the right to commence, control and conduct all negotiations and proceedings with respect thereto, subject to
the terms of the related Servicing Agreements and (ii) Seller shall have complete control over the payment, settlement or other disposition of the Excluded Liabilities and the right to commence, control and conduct all negotiations and
proceedings with respect thereto. Except as otherwise provided in this Sale Supplement, (i) Seller shall promptly notify Purchaser of any claim made against Seller with respect to the Assumed Liabilities or the Transferred Assets and shall not
voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Assumed Liabilities or Transferred Assets without the prior written consent of Purchaser and (ii) Purchaser shall
promptly notify Seller of any claim made against Purchaser with respect to the Excluded Liabilities and shall not voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Excluded
Liabilities without the prior written consent of Seller. 
 2.5 Remittance of Servicing Fees and Related Amounts.

 (a) Seller shall, to the extent permitted under any Deferred Servicing Agreement cause any Servicing Fees and, to the extent
Seller is permitted to retain such amounts under the related Servicing Agreement, any investment income earned on any amounts or deposit in any Custodial Accounts and Escrow Accounts that are payable to Seller on or after the Closing Date under such
Deferred Servicing Agreement, to be deposited directly into Purchaser’s account in accordance with Purchaser’s written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Purchaser any
Servicing Fees and, to the extent Seller is permitted to retain such amounts under the related Servicing Agreement, any investment income earned on any amounts or deposit in any Custodial Accounts and Escrow Accounts that are received by Seller
under any Deferred Servicing Agreement after the Closing Date. Any such amounts shall be remitted in accordance with Purchaser’s written directions. 

  
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 (b) Seller shall exercise any rights under any Deferred Servicing Agreement to direct the investment of
amounts in any Custodial Account or Escrow Account in accordance with Purchaser’s directions and the terms of the related Deferred Servicing Agreement, the related Mortgage Loan Documents and Applicable Law. 

2.6 Payment of Estimated Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, Purchaser
shall pay the Estimated Purchase Price to Seller at the Closing. The Estimated Purchase Price shall be reconciled to the final Purchase Price in accordance with Section 2.5 of the Agreement. 

ARTICLE 3 

PURCHASE AND SALE OF SERVICING ADVANCE RECEIVABLES 
 3.1 Assignment and Conveyance of Servicing Advance Receivables. Commencing on the Closing Date, and continuing until the close of business on the earlier of the related Servicing Transfer Date or
date of Seller’s termination as servicer pursuant to such Servicing Agreement, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller hereby sells, conveys, assigns and transfers to Purchaser, and
Purchaser acquires from Seller, without recourse except as provided herein, free and clear of any Liens, all of Seller’s right, title and interest, whether now owned or hereafter acquired, in, to and under each Servicing Advance Receivable
(i) in existence on the Closing Date that arose under the Servicing Agreements and is owned by Seller as of the Closing Date, if any (the “Initial Servicing Advance Receivables”), (ii) in existence on any Business Day on
or after the Closing Date that arises under any Servicing Agreement prior to the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such Servicing Agreement (“Additional Servicing
Advance Receivables”), and (iii) in the case of both Initial Servicing Advance Receivables and Additional Servicing Advance Receivables, all monies due or to become due and all amounts received or receivable with respect thereto and
all proceeds (including “proceeds” as defined in the Uniform Commercial Code in effect in all applicable jurisdictions (the “UCC”)), together with all rights of Seller to enforce such Initial Servicing Advance Receivables
and Additional Servicing Advance Receivables (collectively, the “Transferred Receivables Assets”). Until the related Servicing Transfer Date, Seller shall, automatically and without any further action on its part, sell, assign,
transfer and convey to Purchaser, on each Business Day, each Additional Servicing Advance Receivable not previously transferred to Purchaser and Purchaser shall purchase each such Additional Servicing Advance Receivable. The parties acknowledge and
agree that so long as the Servicing Advance Receivables with respect to a Servicing Agreement are being sold by Purchaser to the Advance SPEs pursuant to the Servicing Advance Financing Agreements, the sale of such Servicing Advance Receivables by
Seller to Purchaser shall be made pursuant to and in accordance with the provisions of the Servicing Advance Financing Agreements, and Seller covenants and agrees to comply with the provisions of such Servicing Advance Financing Agreements with
respect to such Servicing Advance Receivables. 

  
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 3.2 Servicing Advance Receivables Purchase Price. In consideration of the sale,
assignment, transfer and conveyance to Purchaser of the Servicing Advance Receivables and related Transferred Receivables Assets, on the terms and subject to the conditions set forth in this Sale Supplement, Purchaser shall, on each related
Servicing Advance Payment Date, pay and deliver to Seller, in immediately available funds, a purchase price equal to the Servicing Advance Receivables Purchase Price for such Servicing Advance Receivables sold on such date; provided that
Seller shall have complied with the terms of Section 3.1 and Section 3.3 with respect to the related Servicing Advance Receivable. Subject to the proviso of the immediately preceding sentence, to the extent any P&I
Advances are required to be made under the terms of the Deferred Servicing Agreements, as determined by Seller and set forth in the applicable Monthly Remittance Report, Purchaser shall, on the date the related P&I Advance is required to be made
under the related Deferred Servicing Agreement, deposit the Servicing Advance Receivable Purchase Price for such P&I Advances into either the applicable Custodial Account or other applicable account held by the related trustee, master servicer,
securities administrator, or trust administrator, as the case may be, in accordance with the requirements of the related Deferred Servicing Agreement (which may be done directly by Purchaser or though an account established in connection with the
Servicing Advance Facility Agreements) in consideration for such P&I Advance. 
 3.3 Servicing Advances. Seller
covenants and agrees that each Servicer Advance made by Seller under the Servicing Agreements prior to the related Servicing Transfer Date shall (a) be required to be made pursuant to the terms of the related Deferred Servicing Agreement and
comply with the terms of such Deferred Servicing Agreement and Applicable Law, (b) comply with Seller’s advance policies and stop advance policies and procedures and not constitute a nonrecoverable Servicer Advance as of the date Seller
made such Servicer Advance and (c) be supported by customary backup documentation. Seller agrees to provide prompt notice to Purchaser of any Servicer Advance made by Seller under the Deferred Servicing Agreements and deliver to Purchaser such
customary backup documentation relating to any Servicer Advance promptly upon request by Purchaser. In the event Seller cannot provide, or cause to be provided to Purchaser any customary backup documentation, and Purchaser is unable to be reimbursed
for such Servicer Advance solely as a result of such failure, Seller shall reimburse Purchaser for the amount of such unreimbursed Servicer Advances within five (5) Business Days of Purchaser’s written request, to the extent Purchaser paid
Seller for such amounts. 
 3.4 Reimbursement of Servicing Advances. Seller shall, to the extent permitted under any
Deferred Servicing Agreement cause the reimbursement of any Servicer Advances under the Deferred Servicing Agreements to be made directly into Purchaser’s account in accordance with Purchaser’s written directions. In any case, Seller shall
within one (1) Business Day of the receipt thereof, remit to Purchaser any amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date as reimbursement of any Servicer Advance. Any such amounts shall be
remitted in accordance with Purchaser’s written directions. 

  
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 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller makes the following
representations and warranties to Purchaser as of (a) each of the Closing Date and each Sale Date or (b) as of such other dates specified below: 
 4.1 General Representations. Each of the representations and warranties set forth in Article 3 of the Agreement are true and correct. 

4.2 Title to Transferred Assets. From and including the Closing Date until such Servicing Rights Assets are transferred to
Purchaser under Section 2.2, Seller shall be the sole holder and owner of the Servicing Rights Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens. Upon the sale of such
Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Purchaser good and marketable title to the Servicing Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and the sale and
delivery to Purchaser of the Rights to MSRs pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Rights to MSRs free and clear of any Liens. 

4.3 Right to Receive Servicing Fees. Seller is entitled to receive Servicing Fees, Ancillary Income and Prepayment Interest
Excess as servicer under each Servicing Agreement, and the New York Uniform Commercial Code permits the Seller to transfer the Rights to MSRs to Purchaser under the Agreement and this Sales Supplement without violation of any applicable Servicing
Agreement. 
 4.4 Servicing Agreements and Underlying Documents. Schedule I hereto contains a list of all
Servicing Agreements (other than the Underlying Documents) related to the Servicing Rights that are subject to this Sale Supplement and Schedule II hereto contains a list of all Underlying Documents related to such Servicing Agreement,
in each case with all amendments and modifications thereto, or supplements thereto with respect to such Servicing Rights. 
 4.5
Mortgage Pool Information, Related Matters. 
 (a) Seller has delivered to Purchaser one or more summary schedules which
set forth information with respect to each Mortgage Pool relating to the Servicing Rights (the “Summary Schedules”). Seller acknowledges that Purchaser has relied on such Summary Schedules to determine the Purchase Price it was
willing to pay for the Transferred Assets. 
 (b) The Summary Schedules, the Mortgage Loan Schedule and the Database are true,
accurate and complete in all material respects as of the related Cut-off Date or such other date specified thereon. 
 (c) The
Mortgage Loan Schedule indicates, by code reference, which of the Mortgage Loans have been converted into REO Properties as of the Cut-off Date. 
 4.6 Enforceability of Servicing Agreements. 
 (a) Seller has delivered to
Purchaser, on or prior to the related Closing Date, true and complete copies of all Servicing Agreements listed on Schedule I hereto and all amendment thereto and all Underlying Documents listed on Schedule II hereto and all amendments thereto.
There are no other written or oral agreements binding upon Seller or Purchaser that modify, supplement or amend any such Servicing Agreement or Underlying Document. 

  
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 (b) Seller has not received written notice of any pending or threatened cancellation or
partial termination of any Servicing Agreement or Underlying Document or any written notice of any pending or threatened termination of Seller as servicer of any of the Mortgage Loans. 

(c) On and prior to the related Servicing Transfer Date, each Servicing Agreement and each of the Underlying Documents is or was a valid
and binding obligation of Seller, is or was in full force and effect and enforceable against Seller in accordance with its terms, except as such enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization and
other similar laws relating to or affecting creditors rights generally and general principles of equity (regardless of whether considered in a proceeding of law or in equity). 
 4.7 Compliance With Servicing Agreements. 
 (a) Seller has serviced the
Mortgage Loans subject to the Servicing Agreements and has kept and maintained complete and accurate books and records in connection therewith, all in accordance with Applicable Requirements, has made all remittances required to be made by it under
each Servicing Agreement and is otherwise in compliance in all material respects with all Servicing Agreements and the Applicable Requirements. 
 (b) (i) No early amortization event, servicer default, servicer termination event, event of default or other default or breach has occurred under any Servicing Agreement or any Underlying Document (except
with respect to the delinquency or loss performance triggers identified in the Summary Schedules), and (ii) no event has occurred, which with the passage of time or the giving of notice or both would: (A) constitute a material default or
breach by Seller under any Servicing Agreement, Underlying Document or under any Applicable Requirement; (B) permit termination, modification or amendment of any such Servicing Agreement or Underlying Document by a third party without the
consent of Seller; (C) enable any third party to demand that either Seller or Purchaser either incur any repurchase obligations pursuant to a Servicing Agreement or an Underlying Document or provide indemnification for any amount of losses
relating to a breach of a loan representation or warranty; (D) impose on Seller or Purchaser sanctions or penalties in respect of any Servicing Agreement or Underlying Document; or (E) rescind any insurance policy or reduce insurance
benefits in respect of any Servicing Agreement or Underlying Document which would result in a material breach or trigger a default of any obligation of Seller under any Servicing Agreement or Underlying Document. 

(c) There are no agreements currently in place with any subservicers to perform any of Seller’s duties under the Servicing
Agreements. 
 (d) Each report and officer’s certification prepared by Seller as servicer pursuant to a Servicing Agreement
is true and correct in all material respects. Seller has previously made available to Purchaser a correct and complete description of the policies and procedures used by Seller in connection with servicing the Mortgage Loans related to the Servicing
Agreements. 

  
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 (e) In the preceding twelve (12) month period, no Governmental Authority, Investor,
Insurer, rating agency, trustee, master servicer or any other party to a Servicing Agreement has provided written notice to Seller claiming or stating that Seller has violated, breached or not complied with any Applicable Requirements in connection
with the servicing of the related Mortgage Loans which has not been resolved by Seller. 
 (f) All Custodial Accounts and Escrow
Accounts have been established and continuously maintained in accordance with Applicable Requirements. All Custodial Account and Escrow Account balances required by the Mortgage Loans and paid for the account of the Mortgagors under the related
Mortgage Loans have been credited properly to the appropriate account and have been retained in and disbursed from the appropriate account in accordance with Applicable Requirements. 

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

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

(c) There is in force with respect to each Mortgaged Property and REO Property related to a Servicing Agreement a hazard insurance policy
(including any policy in effect under a forced place insurance policy) and, if applicable, a flood insurance policy that provides, at a minimum, for the coverage as required by the applicable Servicing Agreement. Seller and any prior servicer or
subservicer under the Servicing Agreements has taken all necessary steps to maintain any hazard insurance policy, flood insurance policy, primary mortgage insurance policy, and title insurance policy as required under the Servicing Agreements.

 (d) Seller is not aware of any repurchase requests or demands being made or threatened to be made with respect to any
Mortgage Loans related to the Servicing Agreements in excess of $10 million with respect to any Servicing Agreement. 

  
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 (e) Except as disclosed in the related Database, Seller has not received notice from any
Mortgagor with respect to the Mortgage Loans related to the Servicing Agreements of a request for relief pursuant to or invoking any of the provisions of the Servicemembers Civil Relief Act or any similar law which would have the effect of
suspending or reducing the Mortgagor’s payment obligations under a Mortgage Loan or which would prevent such loan from going into foreclosure. 
 (f) With respect to each adjustable rate Mortgage Loan, Seller and each prior servicer has complied in all material respects with all Applicable Requirements regarding interest rate and payment
adjustments. 
 (g) Each first lien Mortgage Loan is covered by a valid and freely assignable, life of loan, tax service
contract, and flood tracking services contract, in full force and effect. All flood zone determination information provided to Purchaser is true and correct in all material respects. 

(h) There are no actions, claims, litigation or governmental investigations pending or, to the knowledge of Seller, threatened, against
Seller, or with respect to any Servicing Agreement or any Mortgage Loan, which relate to or affect Seller’s rights with respect to the Servicing Rights or Seller’s right to sell, assign and transfer the Servicing Rights or the Rights to
MSRs or to receive any Servicing Fee, which could reasonably be expected to have a Material Adverse Effect individually or in the aggregate. 
 (i) Payments received by Seller with respect to any Mortgage Loans related to the Servicing Agreements have been remitted and properly accounted for as required by Applicable Requirements in all material
respects. All funds received by Seller in connection with the satisfaction of Mortgage Loans, including foreclosure proceeds and insurance proceeds from hazard losses, have been deposited in the appropriate Custodial Account or Escrow Account and
all such funds have been applied to pay accrued interest on the Mortgage Loans, to reduce the principal balance of the Mortgage Loans in question, or for reimbursement of repairs to the Mortgaged Property or as otherwise required by Applicable
Requirements or are on deposit in the appropriate Custodial Account or Escrow Account. 
 (j) Seller is not aware of any Person
that has issued any notice or written intention to exercise the optional call or optional redemption provisions under any of the related Servicing Agreements. 
 (k) No fraudulent action has taken place on the part of Seller in connection with its servicing of any Mortgage Loan related to the Servicing Agreement. 

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

  
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 4.10 Servicing Advance Receivables. 

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

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

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

  
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 (b) All of the representations and warranties of Seller in the Servicing Advance Financing
Agreements are true and correct, and no early amortization event, default, event of default or similar event has occurred under the Servicing Advance Financing Agreements. 
 (c) Each of Seller and its Affiliates have complied in all material respects with the terms of the existing Servicing Advance Financing Agreements. 

4.13 Anti-Money Laundering Laws. Seller has complied with all applicable anti-money laundering laws and regulations. 

4.14 Servicer Ratings. Seller has a residential primary servicer rating for the servicing of subprime residential mortgage loans
issued by S&P, Fitch or Moody’s at or above “Above Average,” “RPS3” and “SQ2-”, respectively. 
 4.15 Eligible Servicer. Seller meets the eligibility requirements of a servicer and a subservicer under the terms of each Servicing Agreement and Underlying Document. 

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

CONDITIONS PRECEDENT 
 5.1 Conditions to the Purchase of the Rights to MSRs. Purchaser’s obligations to purchase the Rights to MSRs pursuant to Section 2.1 and the Servicing Rights pursuant to
Section 2.2 and to pay the Purchase Price (and the Estimated Purchase Price) pursuant to Section 2.3 and Section 2.6 are subject to the satisfaction or Purchaser’s waiver of each of the conditions set forth
in Section 6.1 and Section 6.3 of the Agreement (except the requirement to deliver the Third Party Consents necessary to transfer the Servicing Rights pursuant to Section 2.2) with respect to each of the Servicing
Agreements and each of the Servicing Rights, as applicable, on the Closing Date and the satisfaction of each of the following conditions: 
 (a) Seller shall have obtained all consents or approvals required to be obtained to consummate the transfers of the Rights to MSRs to Purchaser pursuant to Section 2.1; 

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

(c) Home Loan Servicing Solutions, Ltd. shall have completed a successful initial public offering and contributed proceeds therefrom to
Purchaser in an amount sufficient to pay the Purchase Price on the Closing Date; 
 (d) The Subservicing Agreement and the
Subservicing Supplement shall have been executed and delivered by each of the parties thereto and all of the conditions precedent to the effectiveness of the Subservicing Agreement and the Subservicing Supplement set forth therein have been
satisfied. 

  
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 ARTICLE 6 
 SERVICING MATTERS 
 6.1 Seller as Servicer. Except as expressly set
forth in this Sale Supplement, Seller shall perform all its the duties and obligations of under each Servicing Agreement until the related Servicing Transfer Date and shall at all times until the related Servicing Transfer Date meet any standards
and fulfill any requirements applicable to Seller under each Servicing Agreement. 
 6.2 Servicing. Except as otherwise
specifically provided in this Sale Supplement, Seller covenants and agrees to service and administer each Mortgage Loan related to a Servicing Agreement from and after the Closing Date until the related Servicing Transfer Date in accordance with
Applicable Law, the terms of the related Mortgage Loan Documents and any applicable private mortgage insurance or pool insurance, the standards, requirements, guidelines, procedures, restrictions and provisions of the related Servicing Agreement and
Underlying Documents governing the duties of Seller thereunder, this Sale Supplement and any other Applicable Requirements. Without limiting the foregoing, Seller covenants and agrees that it shall perform its obligations pursuant to this Sale
Supplement in a manner that will not cause the termination of Seller as servicer under any Deferred Servicing Agreement, including any termination based on Seller’s management of delinquency or loss performance with respect to Mortgage Loans
related to such Deferred Servicing Agreement. The parties acknowledge and agree that any termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other
than as a result of a failure by Purchaser to purchase Servicing Advance Receivables pursuant to Section 3.1, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement. In the
event of a conflict between a Servicing Agreement and this Article 6, the Servicing Agreement shall control. 
 6.3
Collections from Obligors and Remittances. Seller shall direct the obligors on the Deferred Mortgage Loans to remit payment on the Deferred Mortgage Loans to the Clearing Account (as defined in the Servicing Agreement) and shall within one
(1) Business Day of receipt promptly deposit any amounts Seller receives with respect to the Deferred Mortgage Loans in the Clearing Account. Seller shall promptly remit all amounts received by Seller with respect to the Mortgage Loans to the
applicable Custodial Account or Escrow Account, but no later than the earlier of two (2) Business Days after receipt thereof or the date required pursuant to the applicable Deferred Servicing Agreement; provided, that Seller shall,
subject to the terms of the related Servicing Agreement, remit any such amounts that constitute recovery of a Servicer Advance to the applicable account, if any, specified by Purchaser pursuant to Section 3.4 within one (1) Business
Day of receipt thereof; provided, further, that Seller shall, subject to the terms of the related Servicing Agreement, remit any such amounts that constitute Servicing Fee to the applicable account, if any, specified by Purchaser pursuant to
Section 2.5 within one (1) Business Day of receipt thereof. Seller shall also making any compensating interest payments or prepayment interest shortfall payments required to be made by Seller with respect to the Mortgage Loans under
the Deferred Servicing Agreements, and shall remit any such payments to the applicable Custodial Account no less than one (1) Business Day prior to the applicable remittance date for such Servicing Agreement. 

  
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 6.4 Servicing Practices. Seller shall not make any material change to its servicing
practices with respect to the Deferred Mortgage Loans after the date hereof, including, any material changes to its cash collection and sweep processes or its advance policies or stop advance policies, without Purchaser’s prior written consent,
which consent shall not be unreasonably withheld or delayed. Purchaser shall have the right to direct Seller to implement reasonable changes to Seller’s servicing practices applicable with respect to all or a portion of the Mortgage Loans,
including any changes necessary to ensure compliance with any Applicable Laws or governmental programs or directions received pursuant to the applicable Servicing Agreements. 
 6.5 Servicing Reports. Seller shall simultaneously deliver a copy of any reports delivered by Seller to any Person pursuant to the Deferred Servicing Agreements to Purchaser. 

6.6 Escrow Accounts. Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds
from any Escrow Account related to a Deferred Servicing Agreement only for the purposes permitted in the applicable Servicing Agreement. 
 6.7 Notices and Financial Information. Until the last Servicing Transfer Date, Seller will furnish, or will cause to be furnished, to Purchaser: 

(a) within two (2) Business Days after the occurrence of a breach by Seller of the Agreement or this Sale Supplement or any
Termination Event or other event that would give Purchaser the right to direct Seller to transfer the Servicing Rights with respect to any Deferred Servicing Agreement, notice of such event; 

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

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

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

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

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

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

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

  
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numerator of which is the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and (ii) the denominator of which is
equal to the sum of the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Transferred
Servicing Agreements during such calendar month, or such other allocation percentage which is agreed by Seller and Purchaser (the “Allocation Percentage”). The Performance Fee, if any, for any calendar month will be reduced by an
amount equal to (y) 6.50% per annum (i.e., 0.5417% per month) of the Excess Servicing Advances, if any, for such month multiplied by the Allocation Percentage. If the Closing Date does not occur on the first day of a calendar month,
the Performance Fee for the period from the Closing Date to the last of the calendar month in which the Closing Date occurs shall be calculated in a pro rata manner based on the number of days in such period. Notwithstanding any provision in this
Sale Supplement to the contrary, in the event Purchaser has failed to pay Seller any Seller Monthly Servicing Fee or Performance Fees that are past due after ten (10) Business Days of Purchaser receiving notice of such failure, Seller shall not
be required to continue to act as subservicer until such time as Purchaser has fully paid such past due Seller Monthly Servicing Fee or Performance Fee; provided that Purchaser shall not have notified Seller that it disputes the occurrence or
amount of such past due Seller Monthly Servicing Fee or Performance Fee. 
 7.3 Costs and Expenses. Except as otherwise
expressly provided in the Agreement or this Sale Supplement, each party hereto shall be responsible for its own costs and expenses incurred in connection with the negotiation and execution of the Agreement, this Sale Supplement and all documents
relating thereto. Seller shall be required to pay all expenses incurred by it in connection with its obligations hereunder to the extent such expenses do not constitute Servicer Advances and shall not be entitled to reimbursement therefor except as
specifically provided for herein or in the applicable Deferred Servicing Agreement. Seller shall reimburse Purchaser for any reasonable out-of-pocket costs, including legal fees, incurred by Purchaser in connection with obtaining any required Third
Party Consents; provided, however, that Purchaser shall not incur such costs without the prior written approval of Seller. Purchaser shall pay the conversion fee payable in connection with the amendment and restatement of the Servicer
Advance Financing Agreements. 
 7.4 Ancillary Income. Seller shall be entitled to retain as additional compensation any
Ancillary Income and any Prepayment Interest Excess received by Seller with respect to the Deferred Mortgage Loans, to the extent such Ancillary Income or Prepayment Interest Excess is permitted to be retained by Seller pursuant to the related
Deferred Servicing Agreement. 
 7.5 Calculation and Payment. No later than the second Business Day following the receipt
by Purchaser of the Monthly Servicing Oversight Report for a calendar month, Purchaser will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Purchaser to Seller for the related calendar
month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees. 
 7.6 No Offset. Neither party shall have any right to offset against any amount payable hereunder or other agreement to the other party, or otherwise reduce any amount payable hereunder as a result
of, any amount owing by the other party or any of its Affiliates to such party or any of its Affiliates. 

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

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

  
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 8.3 Indemnification Procedures. 

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

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

(d) Except as specifically provided for in the Agreement or this Sale Supplement, no claim may be made by an Indemnified Person for any
special, indirect, punitive or consequential damages (“Special Damages”) in respect of any breach or wrongful conduct (whether the claim therefor is based on contract, tort or duty imposed by law) in connection with, arising out of,
or in any way related to the transactions contemplated, or relationship established, by this 

  
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Agreement or any Sale Supplement, or any act, omission or event occurring in connection herewith or therewith, and to the fullest extent permitted by law, each of Seller and Purchaser hereby
waives, releases and agrees not to sue upon any such claim for Special Damages, whether or not accrued or whether or not known or suspected to exist in its favor. 
 8.4 Tax Treatment. (a) Seller and Purchaser agree that all payments made by any of them to or for the benefit of the other under this Article 8, under other indemnity provisions of the
Agreement or this Sale Supplement and for any misrepresentations or breaches of warranties or covenants, shall be treated as adjustments to the Purchaser Price for tax purposes and that such treatment shall govern for purposes hereof except to the
extent that the Applicable Laws of a particular jurisdiction provide otherwise. 
 (b) Seller, Purchaser and each of their
respective Affiliates agree that entering into this Sale Supplement shall be treated for all tax purposes as a sale of the Servicing Rights Assets and the Purchaser shall be treated as the beneficial owner of the Servicing Rights Assets for tax
purposes as a result of entering into this Sale Supplement. The parties covenant and agree to take no position for Tax purposes contrary to the foregoing tax treatment, and to prevent any Affiliate from taking such a contrary position. 

(c) All payments made pursuant to this Agreement shall be made free and clear and without deductions of any kind for taxes. 

8.5 Survival. The parties’ obligations under this Article 8 shall survive any termination of the Agreement and/or
this Sale Supplement. 
 8.6 Additional Indemnification. (a) Without limiting Seller’s obligations under
Article 8 of this Sale Supplement, it is agreed by the parties that if Seller is terminated as servicer under any Deferred Servicing Agreement as a result of any action described in clauses (a) through (e) of
Section 8.1 above, Seller shall also pay to Purchaser, as reasonable and just compensation for such termination, an amount equal to the product of (i) the Purchase Price for such Deferred Servicing Agreement and (ii) the
Amortization Percentage for the calendar month in which Seller received notice of such termination, and Purchaser shall accept such sum as liquidated damages, and not as penalty, in the event of such a termination. 

8.7 Specific Performance. Notwithstanding any other provision of the Agreement or this Sale Supplement, (i) it is understood
and agreed that the remedy of indemnity payments pursuant to this Article 8 and other remedies at law would be inadequate in the case of any actual or threatened breach of the Agreement or this Sale Supplement by Seller and
(ii) Purchaser shall be entitled, without limiting its other remedies and without the necessity of proving actual damages or posting any bond, to equitable relief, including the remedy of specific performance or injunction, with respect to any
breach or threatened breach of such covenants. Such relief shall be in addition to, and not in lieu of, all other remedies available at law or in equity to such party under the Agreement and this Sale Supplement. 

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

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

  
 -26-

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

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

 10.4 Annual Officer’s Certificate. Not later than March 15th of each calendar year commencing in 2013, Seller shall deliver to
Purchaser an Officer’s Certificate stating, as to each signatory thereof, that (i) a review of the activities of Seller during the preceding year and of performance under the Agreement and this Sale Supplement has been made under such
officers’ supervision and (ii) to the best of such officer’s knowledge, based on such review, Seller has fulfilled all of its obligations under the Agreement and this Sale Supplement in all material respects throughout such year, or,
if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. 

  
 -27-

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

  
 -28-

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

			
	OCWEN LOAN SERVICING, LLC
		
	By:	 	 /s/ John Britti

		 	Name: John Britti
		 	Title: Authorized Signatory
	
	HLSS HOLDINGS, LLC
	
	 By: Home Loan Servicing Solutions, Ltd.,
         its sole member

		
	By:	 	 /s/ James Lauter

		 	Name: James Lauter
		 	Title: CFO

 EXHIBIT A 
 Form of Monthly Remittance Report 
  

			
	 Ocwen Loan Servicing, LLC
	  	xxx
	 Deal Name
	  	
	 Remittance Summary
	  	[Month] [Year]

  

					
	 Particulars
	  	Amount ($)	 
	 Scheduled Principal Payments
	  	 	0.00	  
	 Curtailments
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Pool to Security
	  	 	0.00	  
	 Payoff Principal
	  	 	0.00	  
	 Neg Amt Prin
	  	 	0.00	  
	 Deferred Principal Paid
	  	 	0.00	  
		  	  
	  
	 
	 Total Principal remitted
	  	 	0.00	  
		  	  
	  
	 
	 Gross Scheduled Interest
	  	 	0.00	  
	 Less: Service fee amount
	  	 	0.00	  
	 Less: LPMI Premium
	  	 	0.00	  
	 Add: INT on STA Reinstatement
	  	 	0.00	  
	 Add: INT on STA Paid-in-full
	  	 	0.00	  
	 Less: STA PI Recoveries
	  	 	0.00	  
		  	  
	  
	 
	 Total Interest remitted
	  	 	0.00	  
		  	  
	  
	 
	 Less: Realized Loss
	  	 	0.00	  
	 Less: Trailing expenses
	  	 	0.00	  
	 Add: Trailing income
	  	 	0.00	  
	 +/- Collection on released loans
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Add: Prepayment penalty
	  	 	0.00	  
	 +/- Prior period PPP
	  	 	0.00	  
	 Add: Collection on STA loans
	  	 	0.00	  
	 Add: Non recoverable Credits
	  	 	0.00	  
	 Less: Non recoverable advances
	  	 	0.00	  
	 Less: Non Loan level expense
	  	 	0.00	  
	 Less: Jr Lien Blanket Policy Fee
	  	 	0.00	  
	 Less: Pre-approved legal expense
	  	 	0.00	  
	 +/- -Reconciliation adjustments
	  	 	0.00	  
	 +/-Arrearage remittance
	  			
	 Add: Principal Arrearage
	  	 	0.00	  
	 Add: Interest Arrearage
	  	 	0.00	  
	 +/- : Modification Forgiveness of Debt
	  			
	 Principal Forgiveness
	  	 	0.00	  
	 Interest Forgiveness
	  	 	0.00	  
	 Expense Forgiveness
	  	 	0.00	  
	 Scheduling Difference
	  	 	0.00	  
	 Deffered Principal Loss
	  	 	0.00	  
	 SAM waived balance loss
	  	 	0.00	  
	 Investor Incentives
	  	 	0.00	  
	 Less: Compensating Interest adjustment
	  	 	0.00	  
		  	  
	  
	 
	 Total Remittance
	  	 	0.00	  
		  	  
	  
	 

					
	 Beg Sch Balance
	  	 	0.00	  
	 Ending Principal Balance
	  	 	0.00	  
	 Beg Actual Balance
	  	 	0.00	  
	 Ending Actual Principal Balance
	  	 	0.00	  
	 Beg Deferred Principal Balance
	  	 	0.00	  
	 Ending Deferred Principal Balance
	  	 	0.00	  
	 Beg Loan count
	  	 	0.00	  
	 Payoffs
	  	 	0.00	  
	 End Loan count
	  	 	0.00	  
	 Principal Roll Test
	  	 	0.00	  
	 Loan Count Test
	  	 	0.00	  
		
	 Non Supporting Compensating Interest
	  	 	0.00	  
	 Wire of sub—Investor
	  	 	0.00	  
		  	  
	  
	 
	 Grand Total for PI Wire
	  	 	0.00	  
		  	  
	  
	 

 SCHEDULE I 
 SERVICING AGREEMENTS 
  

			
	 Investor

Number
	  	Short Form Deal Name
	2640	  	Renaissance 2007-3
	2701	  	ABSC 2005-HE1 (CSFB)
	2718	  	Saxon 05-4
	2719	  	SASTA 2006-01
	2730	  	Saxon 05-3
	320	  	Residential Mortgage Loan Trust 1998-1
	338	  	Ocwen 1999-R1
	2012	  	1998-NC4 Salomon
	2039	  	1997-NC5A Salomon
	2041	  	1998-NC1 Salomon
	2042	  	1998-NC2 Salomon
	2131	  	ARC 2001-BC5
	2132	  	CSFB ABS Trust Series 2001-HE16
	2158	  	CSFB ABS Trust Series 2001-HE25
	2164	  	CSFB ABS Trust Series 2002-HE1
	2166	  	CSFB ABS Trust Series 2002-HE4
	2172	  	ARC 2002 BC-1
	2183	  	CDC 2002-HE1 S/S
	2189	  	ARC 2002 BC-3
	2194	  	CSFB HEAT 2002-1
	2199	  	ARC 2002 BC-5
	2200	  	GSAMP 2002-NC1
	2201	  	ABFC 2002-NC1
	2210	  	ARC 2002 BC-6
	2220	  	ARC 2002 BC-7
	2224	  	ARC 2002 BC-8
	2227	  	ARC 2002 BC-9
	2229	  	GSAMP 2002-HE
	2232	  	ARC 2002 BC-10
	2238	  	SAIL 2003-BC1
	2243	  	SAIL 2003 BC2 S/S
	2244	  	SASCO 2003 AM1
	2245	  	GSAMP 2003 FM1
	2252	  	SAIL 2003 - BC3
	2253	  	Encore Credit Corp Mtg P-T Certs, Series 2003-1
	2256	  	CSFB Mtg-Backed PT Certificates Series
2003-AR2
	2258	  	Structured Asset Investment Loan Trust 03-BC4 S/S

			
	2260	  	Structured Asset Investment Loan Trust 03-BC5 S/S
	2261	  	Home Equity Pass-Through Certificates, 2003-3
	2267	  	CSFB Home Equity Asset Trust 2003-4
	2268	  	Morgan Stanley ABS Capital I Inc. Trust 2003-SD1
	2271	  	CSFB Mtg-Backed PT Certificates Series 2003-AR5
	2272	  	CSFB Mtg-Backed PT Certificates Series 2003-AR9
	2273	  	CSFB Mtg-Backed PT Certificates Series 2003-AR12
	2274	  	CSFB Mtg-Backed PT Certificates Series 2003-AR15
	2277	  	CSFB Mtg-Backed PT Certificates Series 2003-AR18
	2290	  	SASCO 2003-S1
	2293	  	SAIL Loan Trust, Series 2003-BC8 S/S
	2295	  	SAIL Loan Trust, Series 2003-BC9 S/S
	2298	  	SAIL 2003 BC10 S/S
	2303	  	Equifirst 2003-2
	2306	  	SAIL 2003-BC11
	2307	  	CSFB HEAT 2003-6
	2308	  	SASCO GEL 2003-1
	2313	  	SAIL 2003-BC12
	2314	  	SAIL 2003-BC13
	2317	  	CSFB HEMT 2003-6
	2318	  	TMTS 2003-6HE
	2321	  	CSFB HEMT 2003-7
	2322	  	CSFB HEAT 2003-8
	2326	  	SAIL 2004-BC1
	2328	  	SAIL 2004-2
	2330	  	SASCO 2004-GEL1
	2332	  	CSFB HEMT 2004-1
	2333	  	CSFB HEAT 2004-1
	2335	  	SASCO 2003 - 39EX
	2337	  	TMTS 2004 4SL
	2339	  	SAIL 2004-3
	2340	  	CSFB HEAT 2004-2
	2341	  	GSAMP Trust 2004 SEA-1
	2343	  	ACE 2004-HE1
	2344	  	Aegis Trust Series 2004-2
	2347	  	GSAMP 2004 HE1
	2348	  	CSFB HEAT 2004-3
	2352	  	ACE 2004 IN1

			
	2353	  	Renaissance 2004-2
	2355	  	SAIL 2004-6
	2357	  	SASCO 2004-GEL2
	2358	  	GSAMP 2004 SEA2
	2359	  	GSAMP 2004 SD1
	2360	  	GSAMP 2004 HE2
	2361	  	CSFB HEAT 2004-5
	2365	  	GSRPM 2004-1
	2366	  	CSFB HEAT 2004-6
	2367	  	ABSC 2004 -HE6
	2368	  	Renaissance 2004-3
	2373	  	Deutsche Bank ACE 2004-HE2
	2374	  	CSFB HEAT 2004-7
	2376	  	ACE 2004-SD1
	2377	  	ARC 2004-1
	2378	  	SAIL 2004-10
	2380	  	CSFB 2004-AA1
	2383	  	ABSC 2004-HE8
	2384	  	SASCO 2004-S4
	2386	  	CSFB HEAT 2004-8
	2387	  	Aegis 2004-5
	2389	  	Aegis 2004-6
	2392	  	ACE 2005 SD1
	2395	  	GSAMP 2005-HE1
	2397	  	GSAMP 2005 - SD1
	2398	  	SASCO 2005-GEL1
	2399	  	CSFB 2005-FIX1
	2400	  	CSFB HEAT 2005-1
	2401	  	ACE 2005-HE1
	2404	  	SASCO 2005-S1
	2405	  	SAIL 2005-2
	2406	  	Aegis 2005-1
	2410	  	SAIL 2005-3
	2411	  	GSAMP 2005 SEA1
	2413	  	ACE 2005 -SN1
	2424	  	ABFS 2000-3
	2425	  	ABFS 2000-4
	2426	  	ABFS 2001-1
	2428	  	ABFS 2001-3
	2429	  	ABFS 2001-4
	2430	  	ABFS 2002-1
	2436	  	SASCO 2005-GEL2
	2437	  	SAIL 2005-4
	2438	  	FNLC 2005-1
	2440	  	CSFB HEAT 2005-3
	2441	  	MABS 2005-HE1

			
	2444	  	SASCO 2005-9XS
	2446	  	GSAMP 2005-SD2
	2448	  	SAIL 2005-6
	2449	  	Renaissance 2005-2
	2450	  	SASCO 2005-GEL3
	2451	  	Aegis 2005-3
	2452	  	ACE 2005 -SD2
	2453	  	ACE 2005-HE4
	2457	  	CSFB HEMT 2005-3
	2459	  	CSFB HEAT 2005-5
	2466	  	ACE 2005 SL1
	2469	  	CSFB HEAT 2005-7
	2470	  	CSFB HEMT 2005-4
	2472	  	SASCO 2005-SC1
	2473	  	GSAMP 2005-SEA2
	2475	  	SASCO 2005-GEL4
	2481	  	BSABS 2005-CL1
	2484	  	CSFB 2005 HEMT HF1
	2486	  	SAIL 2005-9
	2491	  	ACE 2005 SD3
	2495	  	CSFB HEAT 2005-9
	2502	  	CSFB HEMT 2005-5
	2504	  	GSAMP 2006 SD1
	2511	  	CSFB HEAT 2006-2
	2512	  	ACE 2006 SL1
	2517	  	GSAMP 2006-S4
	2524	  	DB ACE 2006-SD1
	2526	  	ACE 2006 SL2
	2528	  	ResMAE 2006-1
	2536	  	CSFB HEMT 2006-2
	2544	  	ACE 2006-ASL1
	2545	  	ACE 2006-ASAP3
	2546	  	GSAMP 2006-SD2
	2549	  	CS HEMT 2006-3
	2550	  	ACE 2006-SL3
	2553	  	NAAC 2005-S1
	2554	  	NAAC 2005-S2
	2555	  	NAAC 2005-S3
	2556	  	ACE 2006-SD2
	2564	  	GSAMP 2006-SD3
	2568	  	NAAC 2005-S4
	2569	  	NAAC 2006-S1
	2577	  	CS HEMT 2006-4
	2586	  	CS HEMT 2006-5
	2593	  	ACE 2006-SD3
	2597	  	CMLTI 2006-HE3

			
	2606	  	ACE 2007-ASL1
	2610	  	ACE 2007-SL1
	2622	  	NAAC 2007-S2
	2624	  	SASCO 2007-GEL2
	2633	  	SASCO 2007-TC1
	2634	  	BSABS 2007-HE4
	2658	  	SASCO 2007-BC4
	2678	  	DSLA 2006-AR2
	2680	  	HBVM 2006-8
	2681	  	HBVM 2007-6
	2683	  	HBVM 2005-6
	3590	  	GSAMP TRUST 2003-HE2
	3593	  	MSABS 2003-HE2
	3622	  	GSAA TRUST 2004-5
	3651	  	GSAMP TRUST 2005-HE1
	3652	  	PPSI 2005-WCH1
	3654	  	MSHEL 2005-1
	3663	  	SAIL 2005-4
	3695	  	SAIL 2006-1
	3703	  	HASCO 2006-NC1
	3712	  	HEAT 2006-4
	3713	  	SASCO 2006-AM1
	3733	  	SASCO 2006-Z
	3737	  	SASCO 2007-GEL2

 SCHEDULE II 
 Underlying Documents 
 None 

 SCHEDULE III 
 RETAINED SERVICING FEE PERCENTAGE 
  

					
	 From

Month1
	  	 To

Month
	  	 Retained Fee

	1	  	3	  	 21.00 bps

	4	  	6	  	20.50 bps
	7	  	9	  	20.00 bps
	10	  	12	  	19.50 bps
	13	  	15	  	18.50 bps
	16	  	18	  	18.00 bps
	19	  	21	  	17.50 bps
	22	  	24	  	17.00 bps
	25	  	72	  	16.50 bps

  
  

	1 	 Starting with October, 2012. 

 SCHEDULE IV 

TARGET RATIO SCHEDULE 
 TARGET RATIO SCHEDULE 
  

			
	Month2	  	Target Advance Ratio
	 1
	  	3.27%
	 2
	  	3.18%
	 3
	  	3.10%
	 4
	  	3.03%
	 5
	  	2.95%
	 6
	  	2.88%
	 7
	  	2.81%
	 8
	  	2.74%
	 9
	  	2.67%
	 10
	  	2.60%
	 11
	  	2.54%
	 12
	  	2.47%
	 13
	  	2.41%
	 14
	  	2.35%
	 15
	  	2.29%
	 16
	  	2.23%
	 17
	  	2.18%
	 18
	  	2.12%
	 19
	  	2.07%
	 20
	  	2.02%
	 21
	  	1.97%
	 22
	  	1.92%
	 23
	  	1.87%
	 24
	  	1.82%
	 25
	  	1.78%
	 26
	  	1.75%
	 27
	  	1.75%
	 28
	  	1.75%
	 29
	  	1.75%
	 30
	  	1.75%
	 31
	  	1.75%
	 32
	  	1.75%
	 33
	  	1.75%
	 34
	  	1.75%
	 35
	  	1.75%
	 36
	  	1.75%
	 37
	  	1.75%
	 38
	  	1.75%

  

	2 	 Starting with October, 2012. 

			
	Month2	  	Target Advance Ratio
	 39
	  	1.75%
	 40
	  	1.75%
	 41
	  	1.75%
	 42
	  	1.75%
	 43
	  	1.75%
	 44
	  	1.75%
	 45
	  	1.75%
	 46
	  	1.75%
	 47
	  	1.75%
	 48
	  	1.75%
	 49
	  	1.75%
	 50
	  	1.75%
	 51
	  	1.75%
	 52
	  	1.75%
	 53
	  	1.75%
	 54
	  	1.75%
	 55
	  	1.75%
	 56
	  	1.75%
	 57
	  	1.75%
	 58
	  	1.75%
	 59
	  	1.75%
	 60
	  	1.75%
	 61
	  	1.75%
	 62
	  	1.75%
	 63
	  	1.75%
	 64
	  	1.75%
	 65
	  	1.75%
	 66
	  	1.75%
	 67
	  	1.75%
	 68
	  	1.75%
	 69
	  	1.75%
	 70
	  	1.75%
	 71
	  	1.75%
	 72
	  	1.75%

 SCHEDULE V 
 VALUATION PERCENTAGE 
  

					
	Investor Number	  	Purchase Price (bps)	 
	 2640
	  	 	90.00	  
	 2701
	  	 	52.34	  
	 2718
	  	 	127.13	  
	 2719
	  	 	107.60	  
	 2730
	  	 	123.17	  
	 320
	  	 	(51.45	) 
	 338
	  	 	32.61	  
	 2012
	  	 	(30.02	) 
	 2039
	  	 	(49.77	) 
	 2041
	  	 	(36.24	) 
	 2042
	  	 	(54.63	) 
	 2131
	  	 	(35.87	) 
	 2132
	  	 	(7.63	) 
	 2158
	  	 	(16.08	) 
	 2164
	  	 	(41.15	) 
	 2166
	  	 	(5.79	) 
	 2172
	  	 	1.60	  
	 2183
	  	 	(29.93	) 
	 2189
	  	 	3.83	  
	 2194
	  	 	37.25	  
	 2199
	  	 	23.35	  
	 2200
	  	 	(66.48	) 
	 2201
	  	 	14.83	  
	 2210
	  	 	15.02	  
	 2220
	  	 	11.15	  
	 2224
	  	 	3.97	  
	 2227
	  	 	5.25	  
	 2229
	  	 	(52.99	) 
	 2232
	  	 	20.70	  
	 2238
	  	 	21.96	  
	 2243
	  	 	(0.12	) 
	 2244
	  	 	40.29	  
	 2245
	  	 	33.72	  
	 2252
	  	 	41.15	  
	 2253
	  	 	73.82	  
	 2256
	  	 	(8.27	) 
	 2258
	  	 	33.72	  
	 2260
	  	 	3.78	  
	 2261
	  	 	(56.60	) 
	 2267
	  	 	(51.79	) 
	 2268
	  	 	(39.32	) 
	 2271
	  	 	8.19	  
	 2272
	  	 	8.49	  
	 2273
	  	 	21.53	  

					
	 2274
	  	 	13.48	  
	 2277
	  	 	24.60	  
	 2290
	  	 	(98.45	) 
	 2293
	  	 	(26.32	) 
	 2295
	  	 	(25.58	) 
	 2298
	  	 	(23.96	) 
	 2303
	  	 	48.40	  
	 2306
	  	 	25.27	  
	 2307
	  	 	(39.66	) 
	 2308
	  	 	1.83	  
	 2313
	  	 	(0.45	) 
	 2314
	  	 	26.89	  
	 2317
	  	 	(83.12	) 
	 2318
	  	 	67.80	  
	 2321
	  	 	(56.59	) 
	 2322
	  	 	(32.16	) 
	 2326
	  	 	23.64	  
	 2328
	  	 	47.73	  
	 2330
	  	 	6.31	  
	 2332
	  	 	(135.23	) 
	 2333
	  	 	(22.75	) 
	 2335
	  	 	11.94	  
	 2337
	  	 	(64.58	) 
	 2339
	  	 	3.38	  
	 2340
	  	 	(40.00	) 
	 2341
	  	 	(5.92	) 
	 2343
	  	 	(20.86	) 
	 2344
	  	 	38.43	  
	 2347
	  	 	26.16	  
	 2348
	  	 	(36.89	) 
	 2352
	  	 	43.96	  
	 2353
	  	 	54.54	  
	 2355
	  	 	(24.33	) 
	 2357
	  	 	6.83	  
	 2358
	  	 	8.76	  
	 2359
	  	 	3.96	  
	 2360
	  	 	35.21	  
	 2361
	  	 	(31.45	) 
	 2365
	  	 	39.17	  
	 2366
	  	 	(29.21	) 
	 2367
	  	 	38.98	  
	 2368
	  	 	52.21	  
	 2373
	  	 	59.21	  
	 2374
	  	 	(35.68	) 
	 2376
	  	 	(40.81	) 
	 2377
	  	 	23.73	  
	 2378
	  	 	55.36	  
	 2380
	  	 	(46.36	) 
	 2383
	  	 	41.84	  

					
	 2384
	  	 	(25.78	) 
	 2386
	  	 	(39.60	) 
	 2387
	  	 	23.46	  
	 2389
	  	 	23.85	  
	 2392
	  	 	0.90	  
	 2395
	  	 	36.41	  
	 2397
	  	 	7.67	  
	 2398
	  	 	(1.86	) 
	 2399
	  	 	(44.87	) 
	 2400
	  	 	(37.91	) 
	 2401
	  	 	(46.97	) 
	 2404
	  	 	(94.44	) 
	 2405
	  	 	48.66	  
	 2406
	  	 	19.98	  
	 2410
	  	 	42.64	  
	 2411
	  	 	2.76	  
	 2413
	  	 	(58.31	) 
	 2424
	  	 	(36.38	) 
	 2425
	  	 	15.97	  
	 2426
	  	 	(27.48	) 
	 2428
	  	 	(6.17	) 
	 2429
	  	 	3.53	  
	 2430
	  	 	(3.39	) 
	 2436
	  	 	35.83	  
	 2437
	  	 	(22.81	) 
	 2438
	  	 	(13.92	) 
	 2440
	  	 	(44.21	) 
	 2441
	  	 	60.95	  
	 2444
	  	 	(42.81	) 
	 2446
	  	 	(15.84	) 
	 2448
	  	 	70.43	  
	 2449
	  	 	54.43	  
	 2450
	  	 	(17.03	) 
	 2451
	  	 	13.38	  
	 2452
	  	 	(1.17	) 
	 2453
	  	 	(43.32	) 
	 2457
	  	 	(90.73	) 
	 2459
	  	 	(31.84	) 
	 2466
	  	 	(67.28	) 
	 2469
	  	 	(15.09	) 
	 2470
	  	 	(76.73	) 
	 2472
	  	 	(123.61	) 
	 2473
	  	 	37.20	  
	 2475
	  	 	(169.41	) 
	 2481
	  	 	(3.85	) 
	 2484
	  	 	(43.42	) 
	 2486
	  	 	30.37	  
	 2491
	  	 	6.83	  
	 2495
	  	 	(44.39	) 

					
	 2502
	  	 	(69.68	) 
	 2504
	  	 	22.44	  
	 2511
	  	 	(43.69	) 
	 2512
	  	 	(80.97	) 
	 2517
	  	 	(28.95	) 
	 2524
	  	 	26.69	  
	 2526
	  	 	(88.80	) 
	 2528
	  	 	(49.07	) 
	 2536
	  	 	(77.64	) 
	 2544
	  	 	(85.63	) 
	 2545
	  	 	(63.39	) 
	 2546
	  	 	8.86	  
	 2549
	  	 	(36.21	) 
	 2550
	  	 	(58.42	) 
	 2553
	  	 	(44.65	) 
	 2554
	  	 	(34.10	) 
	 2555
	  	 	(44.19	) 
	 2556
	  	 	18.38	  
	 2564
	  	 	8.90	  
	 2568
	  	 	(26.39	) 
	 2569
	  	 	(21.53	) 
	 2577
	  	 	(38.19	) 
	 2586
	  	 	(83.81	) 
	 2593
	  	 	17.24	  
	 2597
	  	 	49.21	  
	 2606
	  	 	(104.52	) 
	 2610
	  	 	(52.93	) 
	 2622
	  	 	(32.50	) 
	 2624
	  	 	(16.73	) 
	 2633
	  	 	(32.53	) 
	 2634
	  	 	74.67	  
	 2658
	  	 	22.31	  
	 2678
	  	 	45.34	  
	 2680
	  	 	53.29	  
	 2681
	  	 	52.46	  
	 2683
	  	 	33.00	  
	 3590
	  	 	1.84	  
	 3593
	  	 	19.39	  
	 3622
	  	 	68.79	  
	 3651
	  	 	28.35	  
	 3652
	  	 	39.49	  
	 3654
	  	 	13.39	  
	 3663
	  	 	30.69	  
	 3695
	  	 	43.54	  
	 3703
	  	 	58.86	  
	 3712
	  	 	28.45	  
	 3713
	  	 	30.17	  
	 3733
	  	 	16.99	  
	 3737
	  	 	31.01	  

 SCHEDULE VI 
 AMORTIZATION PERCENTAGE 
  

			
	Month3	  	Amortization Percentage
	 1
	  	100.00%
	 2
	  	98.60%
	 3
	  	97.20%
	 4
	  	95.90%
	 5
	  	94.50%
	 6
	  	93.20%
	 7
	  	91.90%
	 8
	  	90.60%
	 9
	  	89.40%
	 10
	  	88.10%
	 11
	  	86.90%
	 12
	  	85.70%
	 13
	  	84.50%
	 14
	  	83.30%
	 15
	  	82.20%
	 16
	  	81.00%
	 17
	  	79.90%
	 18
	  	78.80%
	 19
	  	77.70%
	 20
	  	76.60%
	 21
	  	75.50%
	 22
	  	74.50%
	 23
	  	73.40%
	 24
	  	72.40%
	 25
	  	71.40%
	 26
	  	70.40%
	 27
	  	69.40%
	 28
	  	68.50%
	 29
	  	67.50%
	 30
	  	66.60%
	 31
	  	65.60%
	 32
	  	64.70%
	 33
	  	63.80%
	 34
	  	62.90%
	 35
	  	62.10%
	 36
	  	61.20%
	 37
	  	60.30%
	 38
	  	59.50%
	 39
	  	58.70%
	 40
	  	57.80%

  

	3 	 Starting with October 2012. 

			
	Month3	  	Amortization Percentage
	 41
	  	57.00%
	 42
	  	56.20%
	 43
	  	55.50%
	 44
	  	54.70%
	 45
	  	53.90%
	 46
	  	53.20%
	 47
	  	52.40%
	 48
	  	51.70%
	 49
	  	51.00%
	 50
	  	50.30%
	 51
	  	49.60%
	 52
	  	48.90%
	 53
	  	48.20%
	 54
	  	47.50%
	 55
	  	46.90%
	 56
	  	46.20%
	 57
	  	45.60%
	 58
	  	44.90%
	 59
	  	44.30%
	 60
	  	43.70%
	 61
	  	43.10%
	 62
	  	42.50%
	 63
	  	41.90%
	 64
	  	41.30%
	 65
	  	40.70%
	 66
	  	40.20%
	 67
	  	39.60%
	 68
	  	39.00%
	 69
	  	38.50%
	 70
	  	38.00%
	 71
	  	37.40%
	 72
	  	36.90%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]