Document:

exv10w3

 

Exhibit 10.3

AMENDMENT NUMBER NINE

to the

AMENDED AND RESTATED NOTE PURCHASE AGREEMENT,

dated as of November 25, 2003

among

OPTION ONE OWNER TRUST 2001-2,

OPTION ONE LOAN WAREHOUSE CORPORATION

and

BANK OF AMERICA, N.A.

          This AMENDMENT NUMBER NINE (this “Amendment”) is made and is effective as of this 29th day of
June, 2007 (the “Effective Date”), among Option One Owner Trust 2001-2 (the “Issuer”), Option One
Loan Warehouse LLC, as successor-by-conversion to Option One Loan Warehouse Corporation (the
“Depositor”) and Bank of America, N.A. (the “Purchaser”) to the Amended and Restated Note Purchase
Agreement, dated as of November 25, 2003, as amended (the “Note Purchase Agreement”), among the
Issuer, the Depositor and the Purchaser.

RECITALS

          WHEREAS, the Issuer has requested that the Purchaser agree to amend the Note Purchase
Agreement to temporarily increase the Maximum Note Principal Balance from $2,002,000,000 to
$2,252,000,000, subject to certain terms and conditions and the Purchaser has agreed to make such
amendments, subject to the terms and conditions of this Amendment.

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

          SECTION 1. Defined Terms. Any capitalized terms used but not otherwise defined herein shall
have the respective meanings set forth in the Note Purchase Agreement.

          SECTION 2. Amendments. As of the Effective Date, the Note Purchase Agreement shall be
amended as follows:

(a)Section 1.01 (Certain Defined Terms) shall be amended by adding the definition of “Cerberus
Closing” in the proper alphabetical order.

     ““Cerberus Closing” means, the closing of the Stock Purchase Agreement, dated as of
April 19, 2007, between OOMC Acquisition Corp., Block Financial Corporation and H&R Block,
Inc.”

(b)Section 1.01 (Certain Defined Terms) shall be amended by adding the definition of “Threshold
Amount” in the proper alphabetical order.

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     “Threshold Amount” means up to $250,000,000 of the Maximum Note Principal Balance in
excess of 2,002,000,000.

(c)Section 1.01 (Certain Defined Terms) shall be amended by adding the definition of “Threshold
Trigger” in the proper alphabetical order.

     ““Threshold Trigger” means that on any date of determination, Depositor has utilized
and entered into transactions under residential mortgage loan
warehouse, repurchase or other similar facilities in an aggregate amount equal to or
in excess of $7,750,000,000.”

(d) Section 1.01 (Certain Defined Terms) shall be amended by deleting the definition of “Maximum
Note Principal Balance” in its entirety and replacing it with the following:

          “Maximum Note Principal Balance” means, (A) $2,002,000,000 or (B) from the June 29, 2007 until
the earlier of (i) October 31, 2007 or (ii) the Cerberus Closing, $2,252,000,000, less any
reductions pursuant to Section 2.06 of the Sale and Servicing Agreement; provided, however, that
the Threshold Amount may only be used to the extent the Threshold Trigger is in effect at all
times. After the earlier of (i) October 31, 2007 or (ii) the Cerberus Closing, the Maximum Note
Principal Balance shall automatically be reduced to $2,002,000,000.

          SECTION 3. Representations. To induce the Purchaser to execute and deliver this Amendment,
each of the Issuer and the Depositor hereby represents to the Purchaser that as of the date hereof,
after giving effect to this Amendment, (a) all of its respective representations and warranties in
the Note Purchase Agreement and the other Basic Documents are true and correct, and (b) it is
otherwise in full compliance with all of the terms and conditions of the Note Purchase Agreement.

          SECTION 4. Fees and Expenses. The Issuer and the Depositor jointly and severally covenant to
pay as and when billed by the Purchaser all of the reasonable out-of-pocket costs and expenses
incurred in connection with the transactions contemplated hereby and in the other Basic Documents
including, without limitation, (i) all reasonable fees, disbursements and expenses of counsel to
the Purchaser, (ii) all reasonable fees and expenses of the Indenture Trustee and Owner Trustee and
their counsel and (iii) all reasonable fees and expenses of the Custodian and its counsel.

          SECTION 5. Limited Effect. Except as expressly amended and modified by this Amendment, the
Note Purchase Agreement shall continue in full force and effect in accordance with its terms.
Reference to this Amendment need not be made in the Note Purchase Agreement or any other instrument
or document executed in connection therewith, or in any certificate, letter or communication issued
or made pursuant to, or with respect to, the Note Purchase Agreement, any reference in any of such
items to the Note Purchase Agreement being sufficient to refer to the Note Purchase Agreement as
amended hereby.

          SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE

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STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS DOCTRINE APPLIED IN SUCH STATE.

          SECTION 7. Counterparts. This Amendment may be executed by each of the parties hereto in any
number of separate counterparts, each of which when so executed shall be an original and all of
which taken together shall constitute one and the same instrument.

          SECTION 8. Limitation on Liability. It is expressly understood and agreed by the parties
hereto that (a) this Amendment is executed and delivered by Wilmington Trust Company, not
individually or personally, but solely as Owner Trustee of Option
One Owner Trust 2001-2 in the exercise of the powers and authority conferred and vested in it, (b)
each of the representations, undertakings and agreements herein made on the part of the Issuer is
made and intended not as personal representations, undertakings and agreements by Wilmington Trust
Company but is made and intended for the purpose for binding only the Issuer, (c) nothing herein
contained shall be construed as creating any liability on Wilmington Trust Company, individually or
personally, to perform any covenant either expressed or implied contained herein, all such
liability, if any, being expressly waived by the parties hereto and by any Person claiming by,
through or under the parties hereto and (d) under no circumstances shall Wilmington Trust Company
be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for
the breach or failure of any obligation, representation, warranty or covenant made or undertaken by
the Issuer under this Amendment or any other related document.

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          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	OPTION ONE OWNER TRUST 2001-2
	 
	 	 	 	 	 	 
	 	 	By: Wilmington Trust Company, not in its
	 	 	individual capacity but solely as owner trustee
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	OPTION ONE LOAN WAREHOUSE LLC
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

[Signature Page to Amendment Nine to the Amended and Restated Note Purchase Agreement]exv10w4

 

Exhibit 10.4

WAIVER AND AMENDMENT NUMBER TWO

TO

AMENDED AND RESTATED SALE AND SERVICING AGREEMENT,

          THIS WAIVER AND AMENDMENT NUMBER TWO TO AMENDED AND RESTATED SALE AND SERVICING AGREEMENT
(the “Waiver and Amendment”) is entered into as of July 19, 2007 by and among OPTION ONE
OWNER TRUST 2003-5 (the “Issuer”), OPTION ONE MORTGAGE CORPORATION (“OOMC”) and
OPTION ONE MORTGAGE CAPITAL CORPORATION (“OOMCC,” and together with OOMC, the “Loan Originator”) and as servicer (in such capacity, the “Servicer”), OPTION ONE LOAN
WAREHOUSE LLC (as successor-in-interest to Option One Loan Warehouse Corporation, the
“Depositor,” and together with the Loan Originator and Depositor, the “OO Entities”),
WELLS FARGO BANK, NATIONAL ASSOCIATION, as indenture trustee (the “Indenture Trustee”) and the
MAJORITY NOTEHOLDERS party hereto. Capitalized terms used herein and not otherwise defined shall
have the meanings ascribed to them in the Sale and Servicing Agreement referred to below.

PRELIMINARY STATEMENTS

          A. The Issuer, OOMC, OOMCC, the Depositor and the Indenture Trustee are parties to that
certain Amended and Restated Sale and Servicing Agreement dated as of November 12, 2004, as
heretofore amended (as so amended, and as it may be restated, supplemented or otherwise modified
from time to time, the “Sale and Servicing Agreement”) and the Basic Documents as defined
therein.

          B. Pursuant to Section 7.02(e) of the Sale and Servicing Agreement, entitled “Financial
Covenants,” OOMC is required to maintain a minimum “Net Income” (defined and determined in
accordance with GAAP) of at least $1 based on the total of the current quarter combined with the
previous three quarters (the “Minimum Income Covenant”). Pursuant to the Basic Documents, OOMC
periodically represents and warrants its compliance with the Minimum Income Covenant. In
addition, under the Basic Documents, a failure by OOMC to satisfy the Minimum Income Covenant, if
not waived, could be or become a Default, Event of Default or Servicing Event of Default, as those
terms are used in the Basic Documents, or could result in a termination of the Revolving Period.

          C. OOMC now believes that the Minimum Income Covenant will not be satisfied as of the quarter
ending July 31, 2007. The Issuer has requested that the Majority Noteholders waive the Minimum
Income Covenant, for the quarter ending July 31, 2007, and, subject to the terms hereof, the
Majority Noteholders have agreed to waive the Minimum Income Covenant for the quarter ending July
31, 2007 on and subject to the terms and conditions hereinafter set forth.

          D. The parties have also agreed to amend the Sale and Servicing Agreement to end the Revolving
Period not later than October 2, 2007.

 

 

          NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

          1. Accuracy of Preliminary Statements. The OO Entities agree and represent that the
foregoing Preliminary Statements are true and correct in all respects.

          2. Temporary Waiver of the Minimum Income Covenant. Effective as of the date first
above written and subject to the satisfaction of the conditions precedent set forth in Section
3 below, the Majority Noteholders hereby agree to waive the Minimum Income Covenant for the
quarter ending July 31, 2007.

          3. Conditions Precedent. This Waiver shall become effective and be deemed effective as
of the date first above written upon (i) receipt by OOMC of an executed counterpart of this Waiver
from each of the Issuer, the Depositor, the Majority Noteholders and the Indenture Trustee and (ii)
execution by each of the OO Entities’ warehouse lenders of a waiver of such lender’s right to
declare a default or event of default based on the failure of any of the OO Entities to satisfy the
Minimum Income Covenant. Each such waiver executed under (ii) above shall be substantially similar
to the terms hereof.

          4. Condition to Continuing Effectiveness. This Waiver shall continue to be effective
until July 31, 2007 only so long as no breach of any representation and warranty, covenant or Event
of Default (other than the Minimum Income Covenant for any quarter ending, on or before July 31,
2007) has occurred; and provided that the Majority Noteholders shall have the right to require that
the Minimum Income Covenant be measured immediately upon the earlier to occur of any of the
following: (i) any of the OO Entities’ current warehouse lenders cease to provide financing to the
related OO Entities or reduce the amount of any financing provided under any existing warehouse
line from the amount provided under any such warehouse line as of the date hereof, (ii) OOMC
is not purchased by Cerberus Capital Management, L.P. (“Cerberus”) prior to September 30, 2007,
(iii) Cerberus withdraws its offer to purchase OOMC at any time, or (iv) October 2, 2007. This
Waiver shall no longer be effective upon the occurrence of any of (i) through (iv) above if the
Minimum Income Covenant is not met as of the date of such occurrence.

          5. Covenants, Representations and Warranties of the Issuer, OOMC, OOMCC and
the Depositor.

          (a) As consideration for this Waiver, each of the Issuer, OOMC (in its capacities as Servicer
and Loan Originator), OOMCC and the Depositor hereby reaffirms all covenants, representations and
warranties made by the Issuer, OOMC, OOMCC and the Depositor, as applicable, in the Sale and
Servicing Agreement, except with respect to Minimum Income Covenant for any quarter ending on or
before July 31, 2007, which is modified hereby and agrees that all such covenants, representations
and warranties shall be deemed to have been re-made as of the effective date of this Waiver.

          (b) Each of the Issuer, OOMC, OOMCC and the Depositor hereby represents and warrants that this
Waiver constitutes the legal, valid and binding obligation of the Issuer,

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OOMC, OOMCC and the Depositor, as applicable, enforceable against the Issuer, OOMC, OOMCC and the
Depositor, as applicable, in accordance with its terms. The execution, delivery and performance by
the Issuer, OOMC, OOMCC and the Depositor of this Waiver: (i) are within the Issuer’s, OOMC’s,
OOMCC’s and the Depositor’s power; (ii) have been duly authorized by all necessary or proper
corporate action; (iii) are not in contravention of any provision of the Issuer’s, OOMC’s, OOMCC’s
or the Depositor’s certificate of incorporation, bylaws or other organizational documents; (iv)
will not violate any law applicable to the Issuer, OOMC, OOMCC or the Depositor, as applicable;
(v) will not conflict with or result in the breach or termination of, constitute a default under
or accelerate any performance required by, any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which the Issuer, OOMC, OOMCC or the Depositor is a party or by
which the Issuer, OOMC, OOMCC or the Depositor or any of their respective property is bound; (vi)
will not result in the creation or imposition of any Lien upon any of the property of the Issuer,
OOMC, OOMCC or the Depositor, as applicable; and (vii) do not require the consent or approval of
any governmental authority or any other Person, except those which were duly obtained, made or
complied with prior to the date of this Waiver.

          6. Amendment. The definition of “Revolving Period” in Section 1.01 of the Sale and
Servicing Agreement is hereby deleted in its entirety and replaced with the following:

     Revolving Period: With respect to the Notes, the period ending on the earlier of (i)
October 2, 2007 and (ii) the date on which the Revolving Period is terminated pursuant to
Section 2.07.

          7. Reference to and Effect on the Sale and Servicing Agreement.

          (a) Upon the effectiveness of this Waiver and Amendment, each reference in the Sale and
Servicing Agreement and in each of the other Basic Documents to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import shall mean and be a reference to the Sale
and Servicing Agreement as modified hereby, and each reference to the Sale and Servicing Agreement
in any other document, instrument or agreement executed and/or delivered in connection with the
Sale and Servicing Agreement shall mean and be a reference to the Sale and Servicing Agreement as
modified hereby.

          (b) Except as specifically modified hereby, the Sale and Servicing Agreement, each of the
other Basic Documents and all other documents, instruments and agreements executed and/or delivered
in connection therewith shall remain in full force and effect and are hereby ratified and
confirmed.

          (c) Except as expressly provided in Section 2 hereof, the execution, delivery and
effectiveness of this Waiver and Amendment shall not operate as a waiver of any right, power or
remedy of the Majority Noteholders under the Sale and Servicing Agreement or any of the other Basic
Documents, nor constitute a waiver of, amendment of, consent to or other modification of any other
term, provision, Event of Default, or of any term or provision of any other Basic Document, or of
any transaction or further or future action of the Issuer which would require the consent of the
Majority Noteholders under the Sale and Servicing Agreement. Without limiting the generality of the
foregoing, the execution, delivery and effectiveness of this

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Waiver shall not entitle the Issuer to a waiver of any existing or hereafter arising Event of
Default (other than the Minimum Income Covenant for any quarter ending on or before July 31, 2007),
nor shall the Majority Noteholders’ execution and delivery of this Waiver establish a course of
dealing between the Majority Noteholders and the Issuer or in any other way obligate the Majority
Noteholders to hereafter provide any waiver or extension to the Issuer for the payment or
performance by the Issuer of its obligations under the Sale and Servicing Agreement and the Basic
Documents prior to the enforcement by the Majority Noteholders of any of their respective rights
and remedies under the Sale and Servicing Agreement and the other Basic Documents.

          8. Limited Effect. Except as expressly amended and modified by this Amendment, the
Sale and Servicing Agreement shall continue in full force and effect in accordance with its terms.
Reference to this Waiver and Amendment need not be made in the Sale and Servicing Agreement or any
other instrument or document executed in connection therewith or herewith, or in any certificate,
letter or communication issued or made pursuant to, or with respect to, the Sale and Servicing
Agreement, any reference in any of such items to the Sale and Servicing Agreement being sufficient
to refer to the Sale and Servicing Agreement as amended hereby.

          9. Fees and Expenses. The Issuer and the Depositor jointly and severally covenant to
pay as and when billed by the Initial Noteholder all of the reasonable out-of-pocket costs and
expenses incurred in connection with the transactions contemplated hereby and in the other Basic
Documents including, without limitation, (i) all reasonable fees, disbursements and expenses of
counsel to the Initial Noteholder, (ii) all reasonable fees and expenses of the Indenture Trustee
and Owner Trustee and their counsel and (iii) all reasonable fees and expenses of the Custodian and
its counsel.

          10. GOVERNING LAW. THIS WAIVER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES).

          11. Execution in Counterparts. This Waiver and Amendment may be executed in
any number of counterparts and by different parties hereto in separate counterparts, each of which
when so executed and delivered shall be deemed to be an original and all of which taken together
shall constitute but one and the same instrument.

          12. Headings. Section headings in this Waiver and Amendment are included herein for
convenience or reference only and shall not constitute a part of this Waiver and Amendment for any
other purpose.

          13. Liability. It is expressly understood and agreed by the parties that (a) this
Waiver is executed and delivered by Wilmington Trust Company, not individually or personally, but
solely as Owner Trustee, in the exercise of the powers and authority conferred and vested in it,
pursuant to the Trust Agreement, (b) each of the representations, undertakings and agreements
herein made on the part of the Issuer is made and intended not as personal representations,
undertakings and agreements by Wilmington Trust Company but is made and intended for the purpose of
binding the Issuer with respect thereto, (c) nothing herein contained shall be

4

 

construed as creating any liability on Wilmington Trust Company, individually or personally, to
perform any covenant either expressly or impliedly contained herein, and the right to claim any and
all such liability, if any, being expressly waived by the parties hereto and by any person claiming
by, through or under the parties hereto, and (d) under no circumstances shall Wilmington Trust
Company be personally liable for the payment of any indebtedness or expenses of the Issuer or be
liable for the breach or failure of any obligation, representation, warranty or covenant made or
undertaken by the Issuer hereunder or under any other related documents.

          14. Direction of Majority Noteholders. By their signature(s) below, the Majority
Noteholders hereby authorize and direct the Indenture Trustee to sign this Waiver and Amendment.
The Issuer and Majority Noteholders further direct the Indenture Trustee to waive receipt of an
Opinion of Counsel as required by Section 11.02 of the Sale and Servicing Agreement.

[Signature Page Follows]

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          IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Amendment to be
executed by their respective officers thereto duly authorized as of the date first written above.

	 	 	 	 	 	 	 	 	 
	OPTION ONE OWNER TRUST 2003-5, as Issuer	 	 	 	OPTION ONE LOAN WAREHOUSE LLC
	 
	 	 	 	 	 	 	 	 
	By:	 	Wilmington Trust Company, not in its	 	 	 	(as successor-in-interest to Option One Loan
	 	 	individual capacity, but solely as	 	 	 	Warehouse Corporation), as Depositor 
	 

	 	Owner Trustee	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	/s/ William L. O’Neill
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:
	 	William L. O’Neill
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	Treasurer
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	OPTION ONE MORTGAGE	 	 	 	WELLS FARGO BANK, NATIONAL
	CORPORATION, as Loan Originator and as	 	 	 	ASSOCIATION, as Indenture Trustee
	Servicer

	 	 	 	 	 	 	 	 
	By:

	 	/s/ William L. O’Neill
	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	William L. O’Neill
	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	Senior Vice President
	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	:OPTION ONE MORTGAGE CAPITAL	 	 	 	THE MAJORITY NOTEHOLDERS:
	CORPORATION, as Loan Originator	 	 	 	CITIGROUP GLOBAL MARKETS REALTY
	 

	 	 	 	 	 	CORP.	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ William L. O’Neill	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	William L. O’Neill	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	Vice President
	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 

Signature Page to Amendment Seven to the Second Amended and Restated Sale and Servicing Agreement

1

 

     IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Amendment to be
executed by their respective officers thereto duly authorized as of the date first written above.

	 	 	 	 	 	 	 	 	 	 	 
	OPTION ONE OWNER TRUST 2003-5, as Issuer	 	 	 	 	 	OPTION ONE LOAN WAREHOUSE LLC 
	 
	 	 	 	 	 	 	 	 	(as successor-in-interest to Option One Loan
	 	 	 	 	 	 	 	 	Warehouse Corporation), as Depositor
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	Wilmington Trust Company,
not in its individual capacity

but solely as Owner Trustee
	 	 	,	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	OPTION ONE MORTGAGE	 	 	 	 	 	WELLS FARGO BANK, NATIONAL
	CORPORATION, as Loan Originator and as	 	 	 	 	 	ASSOCIATION, as Indenture Trustee
	Servicer

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Name:	 	 
	Name:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	; OPTION ONE MORTGAGE CAPITAL	 	 	 	 	 	THE MAJORITY NOTEHOLDERS: CITIGROUP
	CORPORATION, as Loan Originator	 	 	 	 	 	GLOBAL MARKETS REALTY CORP.
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:
	 	/s/ Randy Appleyard
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	 	 	Name:
	 	Randy Appleyard
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	 	 	Title:
	 	Authorized Agent
	 

	 	 	 	 	 	 	 	 	 	 

Signature Page to Amendment Seven to the Second Amended and Restated Sale and Servicing Agreement

1

 

     IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Amendment to be
executed by their respective officers thereto duly authorized as of the date first written above.

	 	 	 	 	 	 	 	 	 
	OPTION ONE OWNER TRUST 2003-5, as	 	 	 	OPTION ONE LOAN WAREHOUSE LLC
	Issuer	 	 	 	 
	 
	By:	 	Wilmington Trust Company, not in its

individual capacity, but solely as

Owner Trustee	 	 	 	(as successor-in-interest to Option One Loan
Warehouse Corporation), as Depositor
	 
	 	 	 	 	 	 	 	 
	By:

	 	 /s/ Ian P. Monigle	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Ian P. Monigle
	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 Financial Services Officer
	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	OPTION ONE MORTGAGE	 	 	 	WELLS FARGO BANK, NATIONAL
	CORPORATION, as Loan Originator and as	 	 	 	ASSOCIATION, as Indenture Trustee
	Servicer

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	: OPTION ONE MORTGAGE CAPITAL	 	 	 	THE MAJORITY NOTEHOLDERS:
	CORPORATION, as Loan Originator	 	 	 	CITIGROUP GLOBAL MARKETS REALTY
	 

	 	 	 	 	 	CORP.	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 

Signature Page to Amendment Seven to the Second Amended and Restated Sale and Servicing Agreement

1

 

     IN WITNESS WHEREOF, the parties hereto have caused this Waiver and Amendment to be
executed by their respective officers thereto duly authorized as of the date first written above.

	 	 	 	 	 	 	 	 	 
	OPTION ONE OWNER TRUST 2003-5, as Issuer	 	 	 	OPTION ONE LOAN WAREHOUSE LLC
	 
	 	 	 	 	 	 	(as successor-in-interest to Option One Loan

Warehouse Corporation), as Depositor
	 
	 	 	 	 	 	 	 	 
	By:

	 	Wilmington
Trust Company, not in
its individual
capacity, but

solely as Owner
Trustee	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	OPTION ONE MORTGAGE	 	 	 	WELLS FARGO BANK, NATIONAL
	CORPORATION, as Loan Originator and as	 	 	 	ASSOCIATION, as Indenture Trustee
	Servicer

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	/s/ Jacquelyn E. Kinbad
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	Jacquelyn E. Kinbad
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	Vice President
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	: OPTION ONE MORTGAGE CAPITAL	 	 	 	THE MAJORITY NOTEHOLDERS:
	CORPORATION, as Loan Originator	 	 	 	CITIGROUP GLOBAL MARKETS REALTY
CORP.
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 

Signature Page to Amendment Seven to the Second Amended and Restated Sale and Servicing Agreement

1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]