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AMENDMENT NO.
13
TO MASTER REPURCHASE AGREEMENT

Amendment No.  13,
dated as of July 31, 2006 (this
‘‘Amendment’’), among CREDIT SUISSE
FIRST BOSTON MORTGAGE CAPITAL LLC (the
‘‘Buyer’’), MORTGAGEIT, INC.
(‘‘MortgageIT’’), MHL Funding Corp.
(‘‘MHL’’) and MORTGAGEIT HOLDINGS,
INC. (‘‘Holdings,’’ and together with
MortgageIT and MHL, the
‘‘Sellers’’).

RECITALS

The Buyer and the Sellers are parties to that certain Master
Repurchase Agreement, dated as of March 11, 2005, as amended by that
certain Amendment No. 1, dated as of June 17, 2005, Amendment No. 2,
dated as of July 18, 2005, Amendment No. 3, dated as of September 19,
2005, Amendment No. 4, dated as of November 19, 2005, Amendment No. 5,
dated as of January 30, 2006, Amendment No. 6, dated as of February 28,
2006, Amendment No. 7, dated as of March 13, 2006 and Amendment No. 8,
dated as of April 5, 2006, Amendment No. 9, dated as of April 27, 2006,
Amendment No. 10, dated as of May 5, 2006, Amendment No. 11, dated as
of May 31, 2006 and Amendment No. 12, dated as of June 19, 2006 (as the
same may have been amended and supplemented from time to time, and as
amended by this Amendment, the ‘‘Repurchase
Agreement’’). Capitalized terms used but not otherwise
defined herein shall have the meanings given to them in the Repurchase
Agreement.

The Buyer and the Sellers have agreed, subject to the
terms and conditions of this Amendment, that the Repurchase Agreement
be amended to reflect certain agreed upon revisions to the terms of the
Repurchase Agreement.

Accordingly, the Buyer and the Sellers
hereby agree, in consideration of the mutual premises and mutual
obligations set forth herein, that the Repurchase Agreement is hereby
amended as follows:

SECTION
1.    Applicability.    Section 1 of the Repurchase
Agreement is hereby amended by deleting the same in its entirety and
replacing it with the following:

‘‘From time
to time the parties hereto may enter into transactions in which Seller
agrees to transfer to Buyer Mortgage Loans (as hereinafter defined)
against the transfer of funds by Buyer, with a simultaneous agreement
by Buyer to transfer to Seller such Mortgage Loans at a date certain or
on demand, against the transfer of funds by Seller. Each such
transaction shall be referred to herein as a
‘‘Transaction’’ and, unless otherwise
agreed in writing, shall be governed by this Agreement, including any
supplemental terms or conditions contained in any annexes identified
herein, as applicable hereunder.’’

SECTION
2.    Definitions.

(a)    Section 2
of the Repurchase Agreement is hereby amended by deleting the
definition of ‘‘Maximum Committed Purchase
Price’’ in its entirety.

(b)    Section 2 of the Repurchase Agreement is
hereby amended by deleting the definition of ‘‘Termination
Date’’ in its entirety and replacing the same with the
following:

‘‘Termination
Date’’ means the earlier of (a) December 31, 2006 or
(b) the date of the occurrence of an Event of
Default.’’

SECTION 3.    Program; Initiation
of Transactions.    Section 3 of the Repurchase Agreement is
hereby amended by deleting clauses a and b thereof in their entirety
and replacing them with the following:

‘‘a.    From time to time, in the sole
discretion of Buyer, Buyer may purchase from Sellers certain Mortgage
Loans that have been either originated by Sellers or purchased by
Sellers from other originators. This Agreement is not a commitment
by Buyer to enter into Transactions with Sellers but rather sets forth
the procedures to be used in connection with periodic requests for
Buyer to enter into Transactions with Sellers. Each Seller hereby
acknowledges that Buyer is under no obligation to agree to enter into,
or to enter into, any 

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Transaction pursuant to this Agreement.
All Purchased Mortgage Loans shall exceed or meet the Underwriting
Guidelines, and shall be serviced by Servicer. The aggregate Purchase
Price of Purchased Mortgage Loans subject to outstanding Transactions
shall not exceed the Maximum Aggregate Purchase Price.

b.    With respect to each Transaction involving Mortgage
Loans which are not Wet-Ink Mortgage Loans, Sellers shall give Buyer
and Custodian at least 1 Business Day's prior notice of any
proposed Purchase Date (the date on which such notice is given, the
‘‘Notice Date’’); provided, that if
Seller is delivering 25 or fewer Mortgage Loans, which are not Wet-Ink
Mortgage Loans, on a Purchase Date, the notice shall be delivered on or
before 10:30 a.m. (New York City time) on the Purchase Date. With
respect to Wet-Ink Mortgage Loans, Sellers shall deliver notice of any
proposed purchase on or before 3:00 p.m. (New York City time) on the
Purchase Date. On the Notice Date, Seller shall (i)  request that
Buyer enter into a Transaction by furnishing to Buyer a Transaction
Request, (ii)  deliver to Buyer and Custodian a Mortgage Loan
Schedule and (iii)  deliver to Custodian, or the Buyer, with
respect to each Wet-Ink Mortgage Loan, either a Request for
Certification and each Mortgage File or Wet-Ink Documents for each
Wet-Ink Mortgage Loan, as applicable, in accordance with Section
10(b)(3) hereof. Following receipt of such request, Buyer may enter
into such requested Transaction or may notify Sellers of its intention
not to enter into such Transaction. In the event the Mortgage Loan
Schedule provided by Sellers contains erroneous computer data, is not
formatted properly or the computer fields are otherwise improperly
aligned, Buyer shall provide written or electronic notice to Sellers
describing such error and Sellers shall correct the computer data,
reformat or properly align the computer fields themselves and resubmit
the Mortgage Loan Schedule as required herein.’’

SECTION 4.    Periodic Fee; Periodic Fee
Schedule.    Section 34 of the Repurchase Agreement and Annex II
of the Repurchase Agreement are each hereby deleted in their
entirety.

SECTION 5.    Conditions
Precedent.    This Amendment shall become effective on July 31,
2006 (the ‘‘Amendment Effective
Date’’), subject to the satisfaction of the following
conditions precedent:

5.1    Delivered
Documents.    On the Amendment Effective Date, the Buyer shall
have received the following documents, each of which shall be
satisfactory to the Buyer in form and substance:

(a)    this Amendment, executed and delivered by a
duly authorized officer of the Buyer and Sellers;

(b)    such other documents as the Buyer or
counsel to the Buyer may reasonably request.

SECTION
6.    Representations and Warranties.    Each of the
Sellers hereby represents and warrants to the Buyer that they are in
compliance with all the terms and provisions set forth in the
Repurchase Agreement on their part to be observed or performed, and
that no Event of Default has occurred or is continuing, and hereby
confirm and reaffirm the representations and warranties contained in
Section 13 of the Repurchase Agreement.

SECTION
7.    Limited Effect.    Except as expressly amended and
modified by this Amendment, the Repurchase Agreement shall continue to
be, and shall remain, in full force and effect in accordance with its
terms.

SECTION 8.    Counterparts. This Amendment may
be executed by each of the parties hereto on any number of separate
counterparts, each of which shall be an original and all of which taken
together shall constitute one and the same instrument.

Section
9.    GOVERNING LAW.    THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF.

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties have caused
their names to be signed hereto by their respective officers thereunto
duly authorized as of the day and year first above
written.

							
	Buyer:			CREDIT
SUISSE FIRST BOSTON

MORTGAGE CAPITAL LLC,

as
Buyer
	 			By:			/s/ A. Adam
Loskove
	 			 			Name:
A. Adam Loskove
Title: Vice
President
	MortgageIT:			MORTGAGEIT,
INC.,

as
Seller
	 			By:			/s/ Robert
A.
Gula
	 			 			Name:
Robert A. Gula
Title: Chief Financial
Officer
	Holdings:			MORTGAGEIT
HOLDINGS, INC.,

as
Seller
	 			By:			/s/ Andy
Occhino
	 			 			Name:
Andy Occhino
Title: General Counsel and
Secretary
	MHL:			MHL FUNDING
CORP.,

as
Seller
	 			By:			/s/ Donald
Epstein
	 			 			Name:
Donald Epstein
Title:
Treasurer
	

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AMENDMENT
NUMBER EIGHT
 to the
 Master Loan and Security Agreement

Dated as of February 15, 2005
 among
 MORTGAGEIT, INC.

MORTGAGEIT HOLDINGS, INC.
 and
 GREENWICH CAPITAL FINANCIAL
PRODUCTS, INC.

This AMENDMENT NUMBER EIGHT is made this
31st day of July, 2006, among MORTGAGEIT, INC. and
MORTGAGEIT HOLDINGS, INC. each having an address at 33 Maiden Lane, 6th
Floor, New York, New York 10038 (each, a
‘‘Borrower’’ and collectively, the
‘‘Borrowers’’) and GREENWICH CAPITAL
FINANCIAL PRODUCTS, INC., having an address at 600 Steamboat Road,
Greenwich, Connecticut 06830 (the
‘‘Lender’’), to the Master Loan and
Security Agreement, dated as of February 15, 2005, by and between the
Borrowers and the Lender, as amended (the
‘‘Agreement’’). Capitalized terms used
but not otherwise defined herein shall have the meanings assigned to
such terms in the Agreement.

RECITALS

WHEREAS,
the Borrowers have requested that the Lender agree to amend the
Agreement to extend the Termination Date thereunder pending the renewal
and replacement of the Agreement with a repurchase facility, and the
Lender has agreed to such extension on this basis.

WHEREAS, as
of the date of this Amendment Number Eight, the Borrowers represent to
the Lender that they are in compliance with all of the representations
and warranties and all of the affirmative and negative covenants set
forth in the Agreement.

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

SECTION
1.    Amendment. Section 1 of the Agreement is hereby
amended to delete the definition of ‘‘Termination
Date’’ and replace it with the following:

‘‘Termination
Date’’ shall mean October 31, 2006 or such earlier
date on which this Loan Agreement shall terminate in accordance with
the provisions hereof or by operation of law.

SECTION
2.    Effectiveness of Amendment.    This Amendment Number
Eight shall be effective upon the Lender's receipt of a copy of
this Amendment Number Eight executed by the Lender and the
Borrowers.

SECTION 3.    Defined Terms.    Any
terms capitalized but not otherwise defined herein shall have the
respective meanings set forth in the Agreement.

SECTION
4.    Repurchase Facility.    The Borrowers agree to enter
into a repurchase facility with the Lender which repurchase facility
shall be a renewal of the Agreement by no later than October 31, 2006.
The repurchase facility shall be available from the date of entry
thereto until July 12, 2007, subject to the terms thereof.

SECTION 5.    Fees and Expenses.    The Borrowers agree
to pay to the Lender all fees and out of pocket expenses incurred by
the Lender in connection with this Amendment Number Eight (including
all reasonable fees and out of pocket costs and expenses of the
Lender's legal counsel incurred in connection with this Amendment
Number Eight), in accordance with Section 11.03 of the Agreement

SECTION 6.    Limited Effect.    Except as amended
hereby, the Agreement shall continue in full force and effect in
accordance with its terms. Reference to this Amendment Number Eight
need not be made in the Agreement or any other instrument or document
executed in connection therewith, or 

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in any certificate, letter or communication
issued or made pursuant to, or with respect to, the Agreement, any
reference in any of such items to the Agreement being sufficient to
refer to the Agreement as amended hereby.

SECTION
7.    Representations.    The Borrowers hereby represent
to the Lender that as of the date hereof, the Borrowers are in full
compliance with all of the terms and conditions of the Agreement and no
Default or Event of Default has occurred and is continuing under the
Agreement.

SECTION 8.    Governing Law.    This
Amendment Number Eight shall be construed in accordance with the laws
of the State of New York and the obligations, rights, and remedies of
the parties hereunder shall be determined in accordance with such laws
without regard to conflict of laws doctrine applied in such state
(other than Sections 5-1401 and 5-1402 of the New York General
Obligations Law).

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

[REMAINDER OF THIS PAGE LEFT INTENTIONALLY
BLANK]

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

							
	 			MORTGAGEIT,
INC.
 (Borrower)
	 			By:			/s/
Robert A. Gula
	 			 			Name: Robert A.
Gula
 Title: Chief Financial Officer
	 			MORTGAGEIT HOLDINGS,
INC.
 (Borrower)
	 			By:			/s/
Andy Occhino
	 			 			Name: Andy
Occhino
 Title: General Counsel and Secretary
	 			GREENWICH CAPITAL
FINANCIAL PRODUCTS, INC.
 (Lender)
	 			By:			/s/
Anthony
Palmisano
	 			 			Name:
Anthony Palmisano
 Title: Managing
Director
	

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