Document:

Form of Mortgage Loan Purchase Agreement (REMIC)

 Exhibit 4.8 
  

 [                                     
   ] 
 AS PURCHASER, 
 [                                     
   ] 
 AS SELLER 
 AND 
 [                                     
   ] 
  

 MORTGAGE LOAN PURCHASE AGREEMENT 
 DATED AS OF
[                            ] 
  

 ADJUSTABLE-RATE AND FIXED-RATE
MORTGAGE LOANS 
 [            ] SERIES
[            ] 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE I DEFINITIONS
	  	1
		 	Section 1.1 Definitions.	  	1
	 ARTICLE II SALE OF MORTGAGE LOANS AND RELATED PROVISIONS
	  	1
		 	Section 2.1 Sale of Mortgage Loans.	  	1
		 	Section 2.2 Payment of Purchase Price for the Mortgage Loans.	  	4
	 ARTICLE III REPRESENTATIONS AND WARRANTIES; REMEDIES FOR BREACH
	  	5
		 	Section 3.1 Seller Representations and Warranties.	  	5
		 	Section 3.2 Purchaser Representations and Warranties.	  	16
	 ARTICLE IV SELLER’S COVENANTS
	  	18
		 	Section 4.1 Covenants of the Seller.	  	18
	ARTICLE V INDEMNIFICATION BY THE SELLER WITH RESPECT TO THE MORTGAGE LOANS	  	19
		 	Section 5.1 Indemnification With Respect to the Mortgage Loans.	  	19
		 	Section 5.2 Limitation on Liability of the Seller.	  	19
	ARTICLE VI TERMINATION	  	19
		 	Section 6.1 Termination.	  	19
	 ARTICLE VII MISCELLANEOUS PROVISIONS
	  	20
		 	Section 7.1 Amendment	  	20
		 	Section 7.2 Governing Law	  	20
		 	Section 7.3 Notices.	  	20
		 	Section 7.4 Severability of Provisions.	  	20
		 	Section 7.5 Relationship of Parties.	  	20
		 	Section 7.6 Counterparts.	  	21
		 	Section 7.7 Further Agreements.	  	21
		 	Section 7.8 Intention of the Parties.	  	21
		 	Section 7.9 Successors and Assigns; Assignment of Purchase Agreement.	  	21
		 	Section 7.10 Survival.	  	21
		 	Section 7.11 Third Party Beneficiary.	  	21

  

			
	 Exhibits
	  	
		
	 Exhibit 1
	  	Mortgage Loan Schedule
		
	 Exhibit 2
	  	Schedule of Prepayment Charges
		
	 Exhibit 3
	  	Standard & Poor’s Appendix E to Glossary

  

 - i - 

 This MORTGAGE LOAN PURCHASE AGREEMENT (this “Agreement”), dated as of
[                            ], is made among
[                                      
  ] (the “Seller”) and
[                                      
  ] (the “Purchaser”). 
 W I T N E S S E T H:

 WHEREAS, the Seller owns the Mortgage Loans indicated on the Mortgage Loan Schedule attached as Exhibit 1 hereto (the “Mortgage
Loans”), including rights to (a) any property acquired by foreclosure or deed in lieu of foreclosure or otherwise, and (b) the proceeds of any insurance policies covering the Mortgage Loans; 
 WHEREAS, the parties hereto desire that the Seller sell the Mortgage Loans to the Purchaser (other than the servicing rights with respect thereto), that
the Seller make certain representations and warranties and undertake certain obligations with respect to the Mortgage Loans; 
 WHEREAS,
pursuant to the terms of a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of
[                            ], among the Purchaser, as depositor,
[                                      
  ], as servicer and
[                                      
  ], as trustee (the “Trustee”), the Purchaser will issue the Mortgage Pass-Through Certificates, Series [            ] (the “Certificates”);

 NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Definitions. For all purposes of this Mortgage Loan Purchase Agreement, except as otherwise expressly provided herein or unless
the context otherwise requires, capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the Pooling and Servicing Agreement. All other capitalized terms used herein shall have the meanings specified herein.

 ARTICLE II 
 SALE OF MORTGAGE
LOANS AND RELATED PROVISIONS 
 Section 2.1 Sale of Mortgage Loans. 
 (a) The Seller, by the execution and delivery of this Agreement, does hereby sell, assign, set over, and otherwise convey to the
Purchaser, without recourse but subject to the terms of this Agreement, all of its right, title and interest in, to and under the following, whether now existing or hereafter acquired and wherever located, on the Closing Date and as of the Cut-off
Date: (i) the Mortgage Loans identified on Exhibit 1 as of the Closing Date, other than the servicing rights with respect thereto. 

 (b) In connection with such conveyances by the Seller, the Seller shall on behalf of the
Purchaser deliver to, and deposit with the Trustee, on or before the Closing Date, the following documents or instruments with respect to each Mortgage Loan: 
 (i) the original Mortgage Note endorsed without recourse, to the order of the Trustee in blank or, with respect to any Mortgage Loan as to
which the original Mortgage Note has been permanently lost or destroyed and has not been replaced, a Lost Note Affidavit; 
 (ii) the original recorded Mortgage or, if the original Mortgage has not been returned from the public recording office, a copy of the Mortgage certified by the Seller or the public recording office in which such Mortgage has been recorded
to be a true and complete copy of the original Mortgage submitted for recording; 
 (iii) an assignment (which may be included
in one or more blanket assignments if permitted by applicable law) of the Mortgage in blank or to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of a MIN) and otherwise in recordable form; 
 (iv) the original recorded Assignment or Assignments of the Mortgage showing an unbroken chain of assignment from the originator thereof
to the Person assigning it to the Trustee or, if any such Assignment has not been returned from the applicable public recording office, a copy of such Assignment certified by the Seller to be a true and complete copy of the original Assignment
submitted to the title insurance company for recording; 
 (v) either (a) the original title insurance policy, or, if
such policy has not been issued, any one of an original or a copy of the preliminary title report, title binder or title commitment on the Mortgaged Property with the original policy of the insurance to be delivered promptly following the receipt
thereof or (b) a copy of the original title insurance policy; 
 (vi) a copy of the related hazard insurance policy; and

 (vii) a true and correct copy of any assumption, modification, consolidation or substitution agreement. 
 The Seller shall deliver to the Trustee: (a) either the original recorded Mortgage, or in the event such original cannot be delivered by the Seller,
a copy of such Mortgage certified as true and complete by the appropriate recording office, in those instances where a copy thereof certified by the Seller was delivered to the Trustee pursuant to clause (ii) above; and (b) either the
original Assignment or Assignments of the Mortgage, with evidence of recording thereon, showing an unbroken chain of assignment from the originator to the Seller, or in the event such original cannot be delivered by the Seller, a copy of such
Assignment or Assignments certified as true and complete by the appropriate recording office, in those instances where copies thereof certified by the Seller were delivered to the Trustee pursuant to clause (iv) above. However, the Seller need
not cause to be recorded any assignment in any jurisdiction under the laws of which, 

  

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as evidenced by an Opinion of Counsel delivered by the Seller to the Trustee, the Certificate Insurer and the Rating Agencies, the recordation of such
assignment is not necessary to protect the Trustee’s interest in the related Mortgage Loan; provided, however, notwithstanding the delivery of any Opinion of Counsel, each assignment shall be submitted for recording by the Seller
in the manner described above, at no expense to the Trust or the Trustee, upon the earliest to occur of: (i) reasonable direction by the Holders of Certificates evidencing at least 25% of the Voting Rights, (ii) the occurrence of a Event
of Default under the Pooling and Servicing Agreement, (iii) the occurrence of a bankruptcy, insolvency or foreclosure relating to the Seller, (iv) the occurrence of a servicing transfer as described in Section 7.02 of the Pooling and
Servicing Agreement and (v) if the Seller is not the Servicer and with respect to any one assignment, the occurrence of a bankruptcy, insolvency or foreclosure relating to the Mortgagor under the related Mortgage. 
 To the extent an assignment referred to in clause (iii) above is required to be recorded, the Seller at its own expense shall complete and submit it
for recording in the appropriate public office for real property records, with such assignment completed in favor of the Trustee. While such assignment to be recorded is being recorded, the Trustee shall retain a photocopy of such assignment. If any
assignment is lost or returned unrecorded to the Trustee because of any defect therein, the Seller is required to prepare a substitute assignment or cure such defect, as the case may be, and the Seller shall cause such substitute assignment to be
recorded in accordance with this paragraph. 
 In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Seller further agrees that it will cause,
at the Seller’s own expense, as of the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Seller to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage
Loans which are repurchased in accordance with the Pooling and Servicing Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which
identifies the series of the Certificates issued in connection with such Mortgage Loans. 
 Notwithstanding anything to the contrary
contained in this Section 2.1, in those instances where the public recording office retains the original Mortgage after it has been recorded, the Seller shall be deemed to have satisfied its obligations hereunder upon delivery to the Trustee of
a copy of such Mortgage certified by the public recording office to be a true and complete copy of the recorded original thereof. 
 If any
Assignment is lost or returned unrecorded to the Trustee because of any defect therein, the Seller shall prepare a substitute Assignment or cure such defect, as the case may be, and the Seller shall cause such Assignment to be recorded in accordance
with this section. 
 The Seller shall exercise its best reasonable efforts to deliver or cause to be delivered to the Trustee within 120
days of the Closing Date the original or a photocopy of the title insurance policy with respect to each Mortgage Loan assigned to the Trustee pursuant to this Section 2.1. 
  

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 If a material defect in any Mortgage File is discovered which may materially and adversely affect the
value of the related Mortgage Loan, or the interests of the Certificateholders or the Certificate Insurer in such Mortgage Loan including if any document required to be delivered to the Trustee has not been delivered (provided that a Mortgage File
will not be deemed to contain a defect for an unrecorded assignment under clause (iii) above if the Seller has submitted such assignment for recording pursuant to the terms of the following paragraph), the Seller shall either (i) purchase
such Mortgage Loan from the Trust Fund at the Purchase Price within 90 days after the date on which the Seller was notified of such defect; provided, that if such defect would cause the Mortgage Loan to be other than a “qualified mortgage”
as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered, or cure such defect, or (ii) substitute a Qualified Substitute Mortgage Loan for the related
Mortgage Loan upon the same terms and conditions set forth in Section 3.1 hereof for substitutions. 
 The Purchaser hereby acknowledges
its acceptance of all right, title and interest to the Mortgage Loans and other property, now existing and hereafter created, conveyed to it pursuant to this Section 2.1, other than with respect to servicing rights with respect to the Mortgage
Loans. 
 (c) The parties hereto intend that the transaction set forth herein constitutes a sale by the Seller to the
Purchaser of all the Seller’s right, title and interest in and to the Mortgage Loans (other than with respect to the related servicing rights) and other property as and to the extent described above. In the event the transaction set forth
herein is deemed not to be a sale, the Seller hereby grants to the Purchaser a security interest in all of the Seller’s right, title and interest in, to and under the Mortgage Loans (other than with respect to the related servicing rights) and
such other property, to secure all of the Seller’s obligations hereunder, and this Agreement shall constitute a security agreement under applicable law. The Seller agrees to take or cause to be taken such actions and to execute such documents,
including without limitation the filing of all necessary UCC-1 financing statements filed in the State of California (which shall have been submitted for filing as of the Closing Date with respect to the aggregate Stated Principal Balance of the
Mortgage Loans), any continuation statements with respect thereto and any amendments thereto required to reflect a change in the name or corporate structure of the Seller or the filing of any additional UCC-1 financing statements due to the change
in the principal office of the Seller, as are necessary to perfect and protect the Purchaser’s interests in each Mortgage Loan and the proceeds thereof. 
 Section 2.2 Payment of Purchase Price for the Mortgage Loans. 
 (a) The purchase
price for the Mortgage Loans (other than with respect to the servicing rights thereto) shall be the sum of (1) $[            ] and (2) a 100% Percentage Interest in
the Class 1-B, Class 1-C, Class 1-P, Class 2-C, Class 2-P and Class R Certificates. 
 (b) In consideration of the sale of the
Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser shall pay to the Seller on the Closing Date by wire transfer of immediately available funds to a bank account designated by the Seller, the amount specified above in
clause (a)(1). 
  

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 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES; 
 REMEDIES FOR BREACH 
 Section 3.1 Seller Representations and Warranties. The Seller hereby represents and warrants to the Purchaser and the Certificate Insurer as
of the Closing Date (or if otherwise specified below, as of the date so specified) that: 
 (a) with respect to the Seller:

 (i) the Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of
California; 
 (ii) the Seller has full corporate power to own its property, to carry on its business as presently conducted
and to enter into and perform its obligations under this Agreement; 
 (iii) the execution and delivery by the Seller of this
Agreement have been duly authorized by all necessary corporate action on the part of the Seller; and neither the execution and delivery of this Agreement, nor the consummation of the transactions herein contemplated hereby, nor compliance with the
provisions hereof, will conflict with or result in a breach of, or constitute a default under, any of the provisions of any law, governmental rule, regulation, judgment, decree or order binding on the Seller or its properties or the certificate of
incorporation or by-laws of the Seller, except those conflicts, breaches or defaults which would not reasonably be expected to have a material adverse effect on the Seller’s ability to enter into this Agreement and to consummate the
transactions contemplated hereby; 
 (iv) the execution, delivery and performance by the Seller of this Agreement and the
consummation of the transactions contemplated hereby do not require the consent or approval of, the giving of notice to, the registration with, or the taking of any other action in respect of, any state, federal or other governmental authority or
agency, except those consents, approvals, notices, registrations or other actions as have already been obtained, given or made and, in connection with the recordation of the Mortgages, powers of attorney or assignments of Mortgages not yet
completed; 
 (v) this Agreement has been duly executed and delivered by the Seller and, assuming due authorization, execution
and delivery by the Purchaser, constitutes a valid and binding obligation of the Seller enforceable against it in accordance with its terms (subject to applicable bankruptcy and insolvency laws and other similar laws affecting the enforcement of the
rights of creditors generally); 
  

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 (vi) to the knowledge of the Seller, there are no actions, litigation, suits or
proceedings pending or threatened against the Seller before or by any court, administrative agency, arbitrator or governmental body (i) with respect to any of the transactions contemplated by this Agreement or (ii) with respect to any
other matter which in the judgment of the Seller if determined adversely to the Seller would reasonably be expected to materially and adversely affect the Seller’s ability to perform its obligations under this Agreement; and the Seller is not
in default with respect to any order of any court, administrative agency, arbitrator or governmental body so as to materially and adversely affect the transactions contemplated by this Agreement; and 
 (vii) the Seller’s chief executive office and principal place of business are located in the County of Orange in the State of
California; and 
 (b) with respect to the Mortgage Loans: 
 (i) the information with respect to each Mortgage Loan set forth in the Mortgage Loan Schedule is true and correct as of the Cut-Off Date,
based on Cut-Off Date Balances; 
 (ii) each Mortgage Loan is being serviced either (i) through the Servicer or
(ii) a Person controlling, controlled by or under common control with the Servicer and qualified to service mortgage loans; 
 (iii) each Mortgage Loan was underwritten or reunderwritten pursuant to the underwriting guidelines which conform in all material respects to the description thereof set forth in the Prospectus Supplement; 
 (iv) all of the original or certified documentation required to be delivered to the Trustee pursuant to this Agreement (including all
material documents related thereto) with respect to each Mortgage Loan has been or will be delivered to the Trustee in accordance with the terms of this Agreement. Each of the documents and instruments specified to be included therein has been duly
executed and in due and proper form, and each such document or instrument is in a form generally acceptable to prudent mortgage lenders that regularly originate or purchase mortgage loans comparable to the Mortgage Loans for sale to prudent
investors in the secondary market that invest in mortgage loans such as the Mortgage Loans; 
 (v) each Mortgaged Property is
improved by a single (one to four) family residential dwelling, which may include condominiums, individual units in a planned unit development and townhouses but shall not include cooperatives; 
 (vi) no Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 100%; 
  

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 (vii) each Mortgage Loan is a valid, subsisting enforceable and perfected first lien as
identified on the Mortgage Loan Schedule on the Mortgaged Property and subject in all cases to the exceptions to title set forth in the title insurance policy, with respect to the related Mortgage Loan, which exceptions are generally acceptable to
banking institutions in connection with their regular mortgage lending activities, and such other exceptions to which similar properties are commonly subject and which do not individually, or in the aggregate, materially and adversely affect the
benefits of the security intended to be provided by such Mortgage. At the time each Mortgage Loan was originated, the originator was a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the
National Housing Act or a savings and loan association, a savings bank, a commercial bank or similar banking institution which was supervised and examined by a federal or state authority or a mortgage banker or broker licensed or authorized to do
business in the jurisdiction in which the related Mortgaged Property is located, applying the same standards and procedures used by the Sponsor in originating Mortgage Loans directly; 
 (viii) immediately prior to the transfer and assignment of the Mortgage Loans to the Depositor, the Sponsor held good and marketable title
to, and was the sole owner of each Mortgage Loan, subject to no liens, charges, mortgages or encumbrances or rights of others, except liens of third party warehouse lenders that will be released simultaneously with the transfer and assignment
contemplated herein; and immediately prior to the transfer and assignment herein contemplated, the Depositor held good and marketable title to, and was the sole owner of, each Mortgage Loan subject to no liens, charges, mortgages, encumbrances or
rights of others except liens which will be released simultaneously with such transfer and assignment; and immediately upon the transfer and assignment herein contemplated, the Trustee will hold good and marketable title to, and be the sole owner
of, each Mortgage Loan subject to no liens, charges, mortgages, encumbrances or rights of others except liens which will be released simultaneously with such transfer and assignment; 
 (ix) there is no delinquent tax or assessment lien on any Mortgaged Property, and each Mortgaged Property is free of substantial damage
and is in good repair; 
 (x) there is no valid and enforceable right of rescission, set-off, defense or counterclaim to any
Mortgage Note or Mortgage, including the obligation of the related Mortgagor to pay the unpaid principal of or interest on such Mortgage Note or the defense of usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage,
or the exercise of any right thereunder, render either the Mortgage Note or the Mortgage unenforceable in whole or in part, or subject to any right of rescission, set-off, counterclaim or defense, including the defense of usury, and no such right of
rescission, set-off, counterclaim or defense has been asserted with respect thereto; 
  

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 (xi) there is no mechanics’ lien or claim for work, labor or material affecting any
Mortgaged Property which is or may be a lien prior to, or equal with and no rights are outstanding that under the law gives rise to such liens, the lien of the related Mortgage except those which are insured against by any title insurance policy
referred to in paragraph (xiii) below; 
 (xii) each Mortgage Loan at the time it was made complied with, and each
Mortgage Loan at all times was serviced in compliance with, in each case, in all material respects, applicable local, state and federal laws and regulations, including, without limitation, the federal Truth-in-Lending Act and other consumer
protection laws, the Home Ownership and Equity Protection Act of 1994, real estate settlement procedure, usury, equal credit opportunity, disclosure and recording laws and all applicable predatory and abusive lending laws; 
 (xiii) with respect to each Mortgage Loan, a lender’s title insurance policy, issued in standard California Land Title Association
form or American Land Title Association form, or other form acceptable in a particular jurisdiction by a title insurance company authorized to transact business in the state in which the related Mortgaged Property is situated, in an amount at least
equal to the original principal balance of such Mortgage Loan insuring the mortgagee’s interest under the related Mortgage Loan as the holder of a valid first mortgage lien of record on the real property described in the related Mortgage, as
the case may be, subject only to exceptions of the character referred to in paragraph (vii) above, was effective on the date of the origination of such Mortgage Loan, and, as of the Closing Date such policy will be valid and inure to the
benefit of the Trustee on behalf of the Certificateholders; 
 (xiv) the improvements upon each Mortgaged Property are covered
by a valid and existing hazard insurance policy (which may be a blanket policy of the type described in this Agreement) with a generally acceptable carrier that provides for fire and extended coverage representing coverage not less than the least of
(i) the outstanding principal balance of the related Mortgage Loan, (ii) the minimum amount required to compensate for damage or loss on a replacement cost basis or (iii) the full insurable value of the Mortgaged Property; 

(xv) if any Mortgaged Property is in an area identified in the Federal Register by the Federal Emergency Management Agency as having
special flood hazards, a flood insurance policy (which may be a blanket policy of the type described in this Agreement) in a form meeting the requirements of the current guidelines of the Federal Insurance Administration is in effect with respect to
such Mortgaged Property with a generally acceptable carrier in an amount representing coverage not less than the least of (i) the outstanding Principal Balance of the related Mortgage Loan (together, in the case of a second mortgage loan, with
the outstanding principal balance of the first mortgage loan), (ii) the minimum amount required to compensate for damage or loss on a replacement cost basis or (iii) the maximum amount of insurance that is available under the Flood
Disaster Protection Act of 1973; 
  

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 (xvi) each Mortgage and Mortgage Note is the legal, valid and binding obligation of the
maker thereof and is enforceable in accordance with its terms, except only as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally
and by general principles of equity (whether considered in a proceeding or action in equity or at law), and all parties to each Mortgage Loan had full legal capacity to execute all documents relating to such Mortgage Loan and convey the estate
therein purported to be conveyed; 
 (xvii) the Sponsor has directed and the Depositor has caused to be performed any and all
acts required to be performed to preserve the rights and remedies of the Trustee in any Insurance Policies applicable to any Mortgage Loan delivered by the Sponsor or the Depositor including, to the extent such Mortgage Loan is not covered by a
blanket policy described in this Agreement, any necessary notifications of insurers, assignments of policies or interests therein, and establishments of coinsured, joint loss payee and mortgagee rights in favor of the Trustee; 
 (xviii) the Sponsor has caused or will have caused, within ten days, the filing of all appropriate financing statements in the proper
filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the original Mortgage Note and all subsequent assignments of the original Mortgage, granted to the Trustee hereunder, subject to the
provisions of this Agreement and the Pooling and Servicing Agreement; 
 (xix) the terms of each Mortgage Note and each
Mortgage have not been impaired, altered, waived or modified in any respect, except by a written instrument which has been recorded, if necessary, to protect the interest of the Certificateholders and which has been delivered to the Trustee;

 (xx) the proceeds of each Mortgage Loan have been fully disbursed, there is no obligation on the part of the mortgagee to
make future advances thereunder and all costs, fees and expenses incurred in making or closing or recording such Mortgage Loans were paid; 
 (xxi) except as otherwise required by law or pursuant to the statute under which the related Mortgage Loan was made, the related Mortgage Note is not and has not been secured by any collateral, pledged account or
other security except the lien of the corresponding Mortgage; 
 (xxii) no Mortgage Loan was originated under a buydown plan;

 (xxiii) no Mortgage Loan provides for negative amortization, has a shared appreciation feature, or other contingent
interest feature; 
  

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 (xxiv) each Mortgaged Property is located in the state identified in the Mortgage Loan
Schedule and consists of one or more parcels of real property with a residential dwelling erected thereon and that no residence or dwelling is a mobile home; 
 (xxv) each Mortgage securing a Mortgage Note contains a provision for the acceleration of the payment of the unpaid principal balance of
the related Mortgage Loan in the event the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder; 
 (xxvi) any advances made after the date of origination of a Mortgage Loan but prior to the Cut-Off Date, have been consolidated with the outstanding principal amount secured by the related Mortgage, and the secured principal amount, as
consolidated, bears a single interest rate and single repayment term reflected on the Mortgage Loan Schedule; 
 (xxvii) the
consolidated principal amount does not exceed the original principal amount of the related Mortgage Loan; 
 (xxviii) no
Mortgage Note permits or obligates the Depositor, the Servicer, the Sponsor or any other Person to make future advances to the related Mortgagor at the option of the Mortgagorl 
 (xxix) there is no proceeding pending or threatened for the total or partial condemnation of any Mortgaged Property, nor is such a
proceeding currently occurring, and each Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, flood, tornado or other casualty, so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan
or the use for which the premises were intended; 
 (xxx) all of the improvements which were included for the purposes of
determining the appraised value of any Mortgaged Property lie wholly within the boundaries and building restriction lines of such Mortgaged Property, and no improvements on adjoining properties encroach upon such Mortgaged Property, except as stated
in the related title insurance policy and affirmatively insured; 
 (xxxi) no improvement located on or being part of any
Mortgaged Property is in violation of any applicable zoning law or regulation and as of the related date of origination, all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of each Mortgaged
Property and, with respect to the use and occupancy of the same, including, but not limited to, certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities and such Mortgaged Property is
lawfully occupied under the applicable law; 
  

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 (xxxii) with respect to each Mortgage constituting a deed of trust, a trustee, duly
qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in such Mortgage, and no fees or expenses are or will become payable by the Sponsor or the Depositor to the trustee under the deed of
trust, except in connection with a trustee’s sale after default by the related Mortgagor; 
 (xxxiii) each Mortgage
contains customary and enforceable provisions which render the rights and remedies of the holder thereof adequate for the realization against the related Mortgaged Property of the benefits of the security, including (i) in the case of a
Mortgage designated as a deed of trust, by trustee’s sale and (ii) otherwise by judicial foreclosure; 
 (xxxiv)
there is no homestead or other exemption available which materially interferes with the right to sell the related Mortgaged Property at a trustee’s sale or the right to foreclose the related Mortgage; 
 (xxxv) there is no default, breach, violation or event of acceleration existing under any Mortgage or the related Mortgage Note and no
event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration; and the Depositor has not waived any default, breach, violation or event of
acceleration; 
 (xxxvi) no instrument of release or waiver has been executed in connection with any Mortgage Loan, and no
Mortgagor has been released, in whole or in part; 
 (xxxvii) the Sponsor has no actual knowledge that there exists on any
Mortgaged Property any hazardous substances, hazardous wastes or solid wastes, as such terms are defined in the CERCLA, the Resource Conservation and Recovery Act of 1976, or other federal, state or local environmental legislation; 
 (xxxviii) no action, error, omission, misrepresentation, negligence, fraud or similar occurrence with respect to the origination of a
Mortgage Loan has taken place on the part of any person, including, without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination of the Mortgage Loan or in the application of any
insurance in relation to such Mortgage Loan; 
 (xxxix) the Sponsor has not solicited the Mortgagor in connection with any
refinancing; 
 (xl) if the Mortgage Loan is an adjustable rate Mortgage Loan, all of the adjustments to the per annum rate on
a Mortgage Loan, to the amount of the monthly payment, and to the principal balance have been made in accordance with the terms of the related Mortgage Note; 
  

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 (xli) the origination and collection practices used with respect to the Mortgage Loan
have been in all respects legal, proper, prudent and customary in the mortgage origination and servicing business; 
 (xlii)
except with respect to AVM Mortgage Loans, an appraisal of the related Mortgaged Property was made and signed, prior to the approval of the Mortgage Loan application, by a qualified appraiser who met the requirements of the Sponsor’s appraisal
policy and procedures and who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, whose compensation was not affected by the approval or disapproval of the Mortgage Loan, with respect to each
AVM Mortgage Loan, the Mortgage File contains an insured automated valuation meeting the requirements of the Sponsor’s underwriting guidelines; 
 (xliii) the Mortgagor has received all disclosure materials required by applicable law with respect to the making of adjustable rate mortgage loans and if the Mortgage Loan is a refinanced Mortgage Loan, the Mortgagor
has received all disclosure and rescission materials required by applicable law with respect to the making of a refinanced Mortgage Loan, and evidence of such receipt is and will remain in the Servicer’s file; 
 (xliv) if the residential dwelling on the Mortgaged Property is a condominium unit or a unit in a planned unit development (other than a
de minimis planned unit development), such condominium or planned unit development project meets the Sponsor’s eligibility requirements; 
 (xlv) none of the Mortgage Loans was more than one payment past due or had been dishonored; 
 (xlvi) [except for [            ] Mortgage Loans were thirty or more days contractually delinquent one or two times during the previous twelve months from the Cut-off Date,
[            ] Mortgage Loans were thirty or more days contractually delinquent two times during the previous twelve months from the Cut-off Date, and
[            ] loan that was sixty days contractually delinquent one time during the previous twelve months from the Cut-off Date, none of the Mortgage Loans have been thirty or more
days contractually delinquent more than one time during the previous twelve months from the Cut-off Date;] 
 (xlvii) [the
number of Mortgage Loans which are more than 30 days delinquent does not exceed 20% of the Initial Pool Balance of the Mortgage Loans;] 
 (xlviii) the Sponsor has not advanced funds, or induced, solicited or knowingly received any advance of funds by a person other than the Mortgagor, directly or indirectly, for the payment of any amount required under
the Mortgage Loan, except for interest prepaid upon the closing of the Mortgage Loan; 
  

 - 12 - 

 (xlix) no Mortgage Loan contains any provision pursuant to which Monthly Payments are:
(a) paid or partially paid with funds deposited in any separate account established by the Sponsor, the Mortgagor, or anyone on behalf of the Mortgagor or (b) paid by any source other than the Mortgagor; 
 (l) no Mortgage Loan is deemed a graduated payment mortgage loan and no Mortgage Loan has a shared appreciation or other contingent
interest feature; 
 (li) no foreclosure proceedings are pending against the Mortgaged Property and the Mortgage Loan is not
subject to any pending bankruptcy or insolvency proceeding, and to the Sponsor’s best knowledge, no material litigation or material lawsuit relating to the Mortgage Loan is pending; 
 (lii) principal payments on the Mortgage Loan commenced or will commence within sixty days after the proceeds of the Mortgage Loan were
disbursed; 
 (liii) with respect to escrow deposits, if any, all such payments are in the possession of, or under the control
of, the Servicer and there exists no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made or could be made; 
 (liv) no escrow deposits or escrow advances or other charges or payments due the Servicer have been capitalized under any Mortgage or the
related Mortgage Note; 
 (lv) with respect to the conveyance of the Mortgage Loans by the Sponsor to the Depositor, the
Sponsor used no selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans originated or acquired by the Sponsor; 
 (lvi) the Mortgage Loans are representative of the Sponsor’s portfolio of fixed-rate or adjustable-rate mortgage loans, as
applicable; 
 (lvii) with respect to the conveyance of the Mortgage Loans pursuant to this Agreement, the Depositor used no
selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans originated or acquired by the Depositor; 
 (lviii) the Mortgage Loans are representative of the Depositor’s portfolio of fixed-rate or adjustable-rate mortgage loans, as
applicable; 
 (lix) each Mortgage Loan conforms, and all such Mortgage Loans in the aggregate conform in all material
respects to the description thereof set forth in the Prospectus Supplement; 
  

 - 13 - 

 (lx) all requirements for the valid transfer of each Insurance Policy, including any
assignments or notices required in each Insurance Policy, have been satisfied; 
 (lxi) this Agreement creates a valid and
continuing security interest (as defined in the applicable UCC) in the Mortgage Loans in favor of the Trustee, which security interest is prior to all other liens, and is enforceable as such as against creditors of and purchasers from the Depositor;

 (lxii) the Mortgage Loans constitute “instruments” within the meaning of the applicable UCC; 
 (lxiii) the Sponsor received all consents and approvals required by the terms of the Mortgage Loans to the contribution of the Mortgage
Loans to the Depositor and the Depositor has received all consents and approvals required by the terms of the Mortgage Loans to the sale of the Mortgage Loans hereunder to the Trustee; 
 (lxiv) other than the security interest granted to the Trustee pursuant to the Pooling and Servicing Agreement, neither the Sponsor nor
the Depositor has pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Mortgage Loans; 
 (lxv) neither the Sponsor nor the Depositor has authorized the filing of nor is aware of any financing statements against the Sponsor or the Depositor that include a description of collateral covering the Mortgage Loans other than any
financing statement relating to the security interest granted to the Trustee hereunder or that has been terminated; 
 (lxvi)
neither the Sponsor nor the Depositor is aware of any judgment or tax lien filings affecting the Mortgage Loans against either the Depositor or the Sponsor; 
 (lxvii) all financing statements filed or to be filed against the Sponsor or the Depositor in favor of the Trustee in connection herewith
describing the Mortgage Loans contain a statement to the following effect: “A purchase of or security interest in any collateral described in this financing statement will violate the rights of the Trustee”; 
 (lxviii) none of the Mortgage Loans are classified as (a) “high cost” loans under the Home Ownership and Equity Protection
Act of 1994 or (b) “high cost,” “threshold,” “covered”, “predatory” or “abusive” loans under any other applicable state, federal or local law (including without limitation any regulation or
ordinance) (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees); 
  

 - 14 - 

 (lxix) no proceeds from any Mortgage Loan were used to finance single-premium credit
insurance policies; 
 (lxx) with respect to each Mortgage Loan, no borrower obtained a prepaid single-premium credit-life,
credit-disability, credit unemployment or credit property insurance policy in connection with the origination of the mortgage loan; 
 (lxxi) no Mortgage Loan is a “High Cost Home Loan” or “Covered Loan,” as applicable, (as such terms are defined in the then current Standard & Poor’s LEVELS Glossary which is now Version 5.6c Revised,
Appendix E) and no Mortgage Loan originated on or after October 1, 2002 through March 6, 2003 is governed by the Georgia Fair Lending Act. No Mortgage Loan that was originated on or after October 1, 2002 and before March 7, 2003
is secured by property located in the State of Georgia and there is no Mortgage Loan that was originated on or after March 7, 2003 which is a “high cost home loan” as defined under the Georgia Fair Lending Act; 
 (lxxii) no Mortgage Loan is secured by a leasehold interest, unless such leasehold interest extends 60 months beyond the stated maturity
of the Mortgage Note; 
 (lxxiii) there is no pending action or proceeding directly involving the Mortgaged Property in which
compliance with any environmental law, rule or regulation is an issue 
 (lxxiv) based upon customary and prudent residential
mortgage industry underwriting standards, there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property, and nothing further remains to be done to satisfy in full all requirements of each such law, rule or
regulation constituting a prerequisite to use and enjoyment of said property; 
 (lxxv) the Mortgagor has not notified the
Servicer, and the Servicer has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers Civil Relief Act or any similar state statute; 
 (lxxvi) no Mortgage Loan was made in connection with the construction (other than a “construct to perm” loan) or rehabilitation
of a Mortgaged Property or facilitating the trade in or exchange of a Mortgaged Property; 
 (lxxvii) the Seller and the
Depositor have complied with all applicable anti money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); 
 (lxxviii) no Mortgage Loan imposes a Prepayment Charge for a term in excess of five years; 
  

 - 15 - 

 (lxxix) [no Mortgage Loan is a “High-Cost Home Loan” as defined in the New
Jersey Home Ownership Act, effective as of November 27, 2003, or the Home Loan Protection Act of New Mexico, effective as of January 1, 2004;] 
 (lxxx) [no Mortgage Loan is a “High-Cost Home Loan” as defined in the Massachusetts Predatory Home Loan Practice Act effective November 7, 2004 (MA House Bill 4880);] 
 (lxxxi) a breach of any one of the representations set forth in paragraphs (lxviii), (lxix), (lxx), (lxxi), (lxxx) and
(lxxxi) above, will be deemed to materially and adversely affect the interests of the Certificateholders and shall require a repurchase of the affected Mortgage Loan pursuant to Section 4.02. 
 Section 3.2 Purchase and Substitution. 
 (a) It is understood and agreed that the representations and warranties set forth in Section 3.1(b) shall survive the transfer of the Mortgage Loans by the Seller to the Purchaser, the subsequent pledge thereof
by the Purchaser to the Trustee, for the benefit of the Certificateholders, and the delivery of the Certificates to the Certificateholders, and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the
Mortgage Notes and notwithstanding subsequent termination of this Agreement. 
 (b) Upon discovery by the Seller, the
Servicer, the Purchaser, the Depositor, the Trustee or a Certificateholder of a breach of any of the representations and warranties in Section 3.1(b) which materially and adversely affects the value of any Mortgage Loan, or which materially and
adversely affects the interests of the Certificateholders in the related Mortgage Loan, the party discovering such breach or failure shall promptly (and in any event within five (5) days of the discovery) give written notice thereof to the
others. Within sixty (60) days of the earlier of its discovery or its receipt of notice of any breach of a representation or warranty, the Seller shall (a) promptly cure such breach in all material respects, (b) purchase such Mortgage
Loan in the manner and at the price specified in this Section 3.2, or (c) remove such Mortgage Loan from the Trust Fund (in which case it shall become a Deleted Mortgage Loan) and substitute one or more Qualified Substitute Mortgage Loans
in the manner specified in this Section 3.2. The Trustee shall deliver prompt written notice to the Rating Agencies of any repurchase or substitution made pursuant to this Section 3.2. 
 (c) As to any Deleted Mortgage Loan for which the Seller substitutes a Qualified Substitute Mortgage Loan or Loans, the Servicer shall
cause the Seller to effect such substitution by delivering to the Trustee a certification, in the form attached hereto as Exhibit [        ], executed by a Servicing Officer, and the documents described
in Sections 2.1(a)(i)-(vii) for such Qualified Substitute Mortgage Loan or Loans. 
 (d) The Servicer shall deposit in
the Collection Account all payments received in connection with such Qualified Substitute Mortgage Loan or Loans after the date of such substitution. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in or before the Due
Period in which the substitution occurs shall not be part of the 

  

 - 16 - 

 
Trust Fund and will be retained by the Seller on the next succeeding Distribution Date. For the Due Period in which the substitution occurs, distributions to
Certificateholders will include the Monthly Payment due on any Deleted Mortgage Loan for such Due Period and thereafter the Seller shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Servicer shall give
written notice to the Trustee that such substitution has taken place and shall amend the Mortgage Loan Schedule to reflect the removal of such Deleted Mortgage Loan from the terms of this Agreement and the substitution of the Qualified Substitute
Mortgage Loan or Loans. Upon such substitution, such Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement in all respects. 
 (e) With respect to any Mortgage Loan that has been converted to an REO Mortgage Loan, all references in this Section 3.2 to
“Mortgage Loan” shall be deemed to also refer to the REO Mortgage Loan. With respect to any Mortgage Loan that the Seller is required to repurchase that is or becomes a Liquidated Mortgage Loan, in lieu of repurchasing such Mortgage Loan,
the Servicer shall deposit into the Certificate Account an amount equal to the amount of the Liquidated Loan Loss, if any, incurred in connection with the liquidation of such Mortgage Loan within the same time period in which the Servicer or Seller
would have otherwise been required to repurchase such Mortgage Loan. 
 (f) It is understood and agreed that the obligations
of the Seller set forth in this Section 3.2 to cure, purchase or substitute for a defective Mortgage Loan, or to indemnify as described in Section 3.2(g), constitute the sole remedies of the Trustee and the Certificateholders respecting a
breach of the representations and warranties of the Seller set forth in Section 3.1(b) of this Agreement. 
 (g) The
Seller shall be obligated to indemnify the Purchaser, the Trustee and the Certificateholders for any third party claims arising out of a breach by the Seller of representations or warranties regarding the Mortgage Loans. 
 Section 3.3 Purchaser Representations and Warranties. The Purchaser hereby represents and warrants to the Seller and the Certificate Insurer
as of the Closing Date (or if otherwise specified below, as of the date so specified) that: 
 (a) the Purchaser is a
corporation duly organized, validly existing and in good standing under the laws of the State of California; 
 (b) the
Purchaser has full corporate power to own its property, to carry on its business as presently conducted and to enter into and perform its obligations under this Agreement; 
 (c) the execution and delivery by the Purchaser of this Agreement have been duly authorized by all necessary corporate action on the part
of the Purchaser; and neither the execution and delivery of this Agreement, nor the consummation of the transactions herein contemplated hereby, nor compliance with the provisions hereof, will conflict with or result in a breach of, or constitute a
default under, any of the provisions of any law, governmental rule, regulation, judgment, decree or order binding on the Purchaser or its 

  

 - 17 - 

 
properties or the articles of incorporation or by-laws of the Purchaser, except those conflicts, breaches or defaults which would not reasonably be expected
to have a material adverse effect on the Purchaser’s ability to enter into this Agreement and to consummate the transactions contemplated hereby; 
 (d) the execution, delivery and performance by the Purchaser of this Agreement and the consummation of the transactions contemplated hereby do not require the consent or approval of, the giving of notice to, the
registration with, or the taking of any other action in respect of, any state, federal or other governmental authority or agency, except those consents, approvals, notices, registrations or other actions as have already been obtained, given or made;

 (e) this Agreement has been duly executed and delivered by the Purchaser and, assuming due authorization, execution and
delivery by the Seller, constitutes a valid and binding obligation of the Purchaser enforceable against it in accordance with its terms (subject to applicable bankruptcy and insolvency laws and other similar laws affecting the enforcement of the
rights of creditors generally); and 
 (f) except as previously disclosed in the Prospectus Supplement, there are no actions,
suits or proceedings pending or, to the knowledge of the Purchaser, threatened against the Purchaser, before or by any court, administrative agency, arbitrator or governmental body (i) with respect to any of the transactions contemplated by
this Agreement or (ii) with respect to any other matter which in the judgment of the Purchaser if determined adversely to the Purchaser would reasonably be expected to materially and adversely affect the Purchaser’s ability to perform its
obligations under this Agreement; and the Purchaser is not in default with respect to any order of any court, administrative agency, arbitrator or governmental body so as to materially and adversely affect the transactions contemplated by this
Agreement; 
 ARTICLE IV 
 SELLER’S COVENANTS 
 Section 4.1 Covenants of the Seller. The Seller hereby covenants that, except for the
transfer hereunder with respect to the Mortgage Loans, the Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur or assume any Lien on, any Mortgage Loan, whether now existing or hereafter created, or any
interest therein; the Seller will notify the Trustee. on behalf of the Trust Fund, of the existence of any Lien (other than as provided above) on any Mortgage Loan immediately upon discovery thereof; and the Seller will defend the right, title and
interest of the Trustee, on behalf of the Trust Fund, in, to and under the Mortgage Loans, whether now existing or hereafter created, against all claims of third parties claiming through or under the Seller. 
  

 - 18 - 

 ARTICLE V 
 INDEMNIFICATION BY THE SELLER 
 WITH RESPECT TO THE MORTGAGE LOANS 
 Section 5.1 Indemnification With Respect to the Mortgage Loans. The Seller shall indemnify and hold harmless the Purchaser from and against
any loss, liability or expense arising from the breach by the Seller of its representations and warranties in Section 3.1 of this Agreement which materially and adversely affects the Purchaser’s interest in any Mortgage Loan or from the
failure by the Seller or to perform its obligations under this Agreement in any material respect, provided that the Seller shall not have any obligation to indemnify the Purchaser in respect of any loss, liability or expense that arises as a result
of the Purchaser’s willful malfeasance, bad faith or gross negligence or as a result of the breach by the Purchaser of its obligations hereunder. Notwithstanding anything herein to the contrary, the obligations of the Seller will not be limited
by any party’s knowledge, or the knowledge of any Persons claiming by, through or under such party, of any breach by the Seller of representation (b)(xii) of Section 3.1 of this Agreement. 
 The Seller shall indemnify and hold harmless the Depositor, the Certificate Insurer, the Trust Fund and the Trustee against any documented out of pocket
losses, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and expenses resulting from any claim, demand, defense or assertion by any third party that results from, a material breach of
the representations and warranties set forth in [Section 3.1(xii)] of this Agreement; provided, however, indemnification shall not be available for any economic losses of the Purchaser due to reinvestment losses, loss of investment income or any
other special, indirect or consequential losses. 
 Section 5.2 Limitation on Liability of the Seller. None of the directors,
officers, employees or agents of the Seller or shall be under any liability to the Purchaser, it being expressly understood that all such liability is expressly waived and released as a condition of, and as consideration for, the execution of this
Agreement. Except as and to the extent expressly provided in the Basic Documents, the Seller shall not be under any liability to the Trust Fund, the Trustee or the Certificateholders. The Seller and any director, officer, employee or agent of the
Seller may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. 
 ARTICLE VI 
 TERMINATION 
 Section 6.1 Termination. The respective obligations and responsibilities of the Seller and the Purchaser created hereby shall terminate, except for the Seller’s indemnity obligations as provided
herein, upon the termination of the Trust Fund pursuant to the terms of the Pooling and Servicing Agreement. 
  

 - 19 - 

 ARTICLE VII 
 MISCELLANEOUS PROVISIONS 
 Section 7.1 Amendment. This Agreement may be amended from time to
time by the Seller and the Purchaser by written agreement signed by the Seller and the Purchaser with the prior written consent of the Certificate Insurer, which consent shall not be unreasonably withheld. 
 Section 7.2 Governing Law. This Agreement shall be governed by and 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. 
 Section 7.3
Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, addressed as follows: 
  

	 	(i)	if to the Seller: 

 [            ] 
 [ADDRESS] 
 Attention: [            ] 
 or, such other address as may hereafter be furnished to the Purchaser in writing by the Seller. 
  

	 	(ii)	if to the Purchaser: 

 [            ] 
 [ADDRESS] 
 Attention: [            ] 
 or such other address as may hereafter be furnished to the Seller in writing by the Purchaser. 
  

	 	(iv)	if to the Certificate Insurer: 

 [            ] 
 [ADDRESS] 
 or such other address as may hereafter be furnished to the Seller in writing by the Certificate Insurer. 
 Section 7.4 Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be held
invalid for any reason whatsoever. then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 
 Section 7.5 Relationship of Parties. Nothing herein contained shall
be deemed or construed to create a partnership or joint venture between the parties hereto, and the services of the Seller shall be rendered as an independent contractor and not as agent for the Purchaser. 
  

 - 20 - 

 Section 7.6 Counterparts. This Agreement may be executed in two or more counterparts and by
the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original and such counterparts together shall constitute one and the same Agreement. 
 Section 7.7 Further Agreements. The Purchaser and the Seller each agree to execute and deliver to the other such additional documents,
instruments or agreements as may be necessary or appropriate to effectuate the purposes of this Agreement. Each of the Purchaser and the Seller agrees to use its best reasonable efforts to take all actions necessary to be taken by it to cause the
Certificates to be issued and rated in the highest rating category by each of the Rating Agencies, with the Certificates to be offered pursuant to the Purchaser’s shelf registration statement, and each party will cooperate with the other in
connection therewith. 
 Section 7.8 Intention of the Parties. It is the intention of the parties that the Purchaser is
purchasing, and the Seller is selling, the Mortgage Loans, rather than a loan by the Purchaser to the Seller secured by the Mortgage Loans. Accordingly, the parties hereto each intend to treat this transaction with respect to the Mortgage Loans for
federal income tax purposes as a sale by the Seller, and a purchase by the Purchaser, of the Mortgage Loans. The Purchaser will have the right to review the Mortgage Loans and the Related Documents to determine the characteristics of the Mortgage
Loans which will affect the federal income tax consequences of owning the Mortgage Loans and the Seller will cooperate with all reasonable requests made by the Purchaser in the course of such review. 
 Section 7.9 Successors and Assigns; Assignment of Purchase Agreement. This Agreement shall bind and inure to the benefit of and be
enforceable by the Seller and the Purchaser and their respective successors and assigns. The obligations of the Seller under this Agreement cannot be assigned or delegated to a third party without the consent of the Purchaser and the Certificate
Insurer, which consent shall be at the Purchaser’s and the Certificate Insurer’s sole discretion. The parties hereto acknowledge that the Purchaser is acquiring the Mortgage Loans for the purpose of assigning the Mortgage Loans to the
Trustee, on behalf of the Trust Fund, for the benefit of the Certificateholders and the Certificate Insurer. As an inducement to the Purchaser to purchase the Mortgage Loans, the Seller acknowledges and consents to the assignment by the Purchaser to
the Trustee, on behalf of the Trust Fund of all of the Purchaser’s rights against the Seller pursuant to this Agreement and to the enforcement or exercise of any right or remedy against the Seller pursuant to this Agreement by the Purchaser.
Such enforcement of a right or remedy by the Trustee, on behalf of the Trust Fund shall have the same force and effect as if the right or remedy had been enforced or exercised by the Purchaser directly. 
 Section 7.10 Survival. The representations and warranties made herein by the Seller and the provisions of Article V hereof shall survive the
purchase of the Mortgage Loans hereunder. 
 Section 7.11 Third Party Beneficiary. The parties hereto acknowledge that the
Certificate Insurer shall be an express third party beneficiary of this Agreement. 
  

 - 21 - 

 IN WITNESS WHEREOF, the Seller and the Purchaser have caused their names to be signed to this Mortgage
Loan Purchase Agreement by their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	[                                      
  ]
		 	as Purchaser
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[                                      
  ]
		 	as Seller
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT 1 
 MORTGAGE LOAN SCHEDULE 
 (Provided Upon Request) 

 EXHIBIT 2 
 SCHEDULE OF PREPAYMENT CHARGES 

 EXHIBIT 3 
 REVISED [            ] 
 APPENDIX E – STANDARD & POOR’S PREDATORY LENDING CATEGORIES 
 Standard & Poor’s has categorized
loans governed by anti-predatory lending laws in the Jurisdictions listed below into three categories based upon a combination of factors that include (a) the risk exposure associated with the assignee liability and (b) the tests and
thresholds set forth in those laws. Note that certain loans classified by the relevant statute as Covered are included in Standard & Poor’s High Cost Loan Category because they included thresholds and tests that are typical of
what is generally considered High Cost by the industry. 
  

					
	Standard & Poor’s High Cost Loan Categorization
	 State/Jurisdiction
	  	 Name of Anti-Predatory Lending
 Law/Effective Date
	  	 Category under
 Applicable Anti-Predatory
 Lending Law

	 Arkansas
	  	 Arkansas Home Loan Protection Act, Ark. Code Ann. §§ 23-53-101 et seq.
 Effective July 16, 2003
	  	High Cost Home Loan
			
	 Cleveland Heights, OH
	  	 Ordinance No. 72-2003 (PSH), Mun. Code §§ 757.01 et seq.
 Effective June 2, 2003
	  	Covered Loan
			
	 Colorado
	  	 Consumer Equity Protection, Colo. Stat. Ann. §§ 5-3.5-101 et seq.
 Effective for covered loans offered or entered into on or after January 1, 2003. Other provisions of the Act took effect on June 7, 2002
	  	Covered Loan
			
	 Connecticut
	  	 Connecticut Abusive Home Loan Lending Practices Act, Conn. Gen. Stat. §§ 36a-746 et seq.
 Effective October 1, 2001
	  	High Cost Home Loan
			
	 District of Columbia
	  	 Home Loan Protection Act, D.C. Code §§ 26-1151.01 et seq.
 Effective for loans closed on or after January 28, 2003
	  	Covered Loan
			
	 Florida
	  	 Fair Lending Act, Fla. Stat. Ann. §§ 494.0078 et seq.
 Effective October 2, 2002
	  	High Cost Home Loan
			
	 Georgia (Oct. 1, 2002 – Mar. 6, 2003)
	  	 Georgia Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.
 Effective October 1, 2002 – March 6, 2003
	  	High Cost Home Loan
			
	 Georgia as amended (Mar. 7, 2003 – current)
	  	 Georgia Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.
 Effective for loans closed on or after March 7, 2003
	  	High Cost Home Loan
			
	 HOEPA Section 32
	  	 Home Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1639, 12 C.F.R. §§ 226.32 and 226.34
 Effective October 1, 1995, amendments October 1, 2002
	  	High Cost Loan
			
	 Illinois
	  	 High Risk Home Loan Act, Ill. Comp. Stat. tit. 815, §§ 137/5 et seq.
 Effective January 1, 2004 (prior to this date, regulations under Residential Mortgage License Act effective from May 14, 2001)
	  	High Risk Home Loan

					
	Standard & Poor’s High Cost Loan Categorization
	 State/Jurisdiction
	  	 Name of Anti-Predatory Lending
 Law/Effective Date
	  	 Category under
 Applicable Anti-Predatory
 Lending Law

	 Indiana
	  	 Indiana Home Loan Practices Act, Ind. Code Ann. §§ 24-9-1-1 et seq.
 Effective January 1, 2005; amended by 2005 HB 1179, effective July 1, 2005.
	  	High Cost Home Loans
			
	 Kansas
	  	 Consumer Credit Code, Kan. Stat. Ann. §§ 16a-1-101 et seq.
 Sections 16a-1-301 and 16a-3-207 became effective April 14, 1999; Section 16a-3-308a became effective July 1, 1999
	  	High Loan to Value Consumer Loan (id. § 16a-3-207) and;
	  	  	High APR Consumer Loan (id. §16a-3-308a)
			
	 Kentucky
	  	 2003 KY H.B. 287 – High Cost Home Loan Act, Ky. Rev. Stat. §§ 360.100 et seq.
 Effective June 24, 2003
	  	High Cost Home Loan
			
	 Maine
	  	 Truth in Lending, Me. Rev. Stat. tit. 9-A, §§ 8-101 et seq.
 Effective September 29, 1995 and as amended from time to time
	  	High Rate High Fee Mortgage
			
	 Massachusetts
	  	 Part 40 and Part 32, 209 C.M.R. §§ 32.00 et seq. and 209 C.M.R. §§ 40.01 et seq.
 Effective March 22, 2001 and amended from time to time
	  	High Cost Home Loan
			
	 Nevada
	  	 Assembly Bill No. 284, Nev. Rev. Stat. §§ 598D.010 et seq.
 Effective October 1, 2003
	  	Home Loan
			
	 New Jersey
	  	New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq. Effective for loans closed on or after November 27, 2003	  	High Cost Home Loan
			
	 New Mexico
	  	Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq. Effective as of January 1, 2004; Revised as of February 26, 2004	  	High Cost Home Loan
			
	 New York
	  	N.Y. Banking Law Article 6-l Effective for applications made on or after April 1, 2003	  	High Cost Home Loan
			
	 North Carolina
	  	 Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq.
 Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit)
	  	High Cost Home Loan
			
	 Ohio
	  	H.B. 386 (codified in various sections of the Ohio Code), Ohio Rev. Code Ann. §§ 1349.25 et seq. Effective May 24, 2002	  	Covered Loan
			
	 Oklahoma
	  	Consumer Credit Code (codified in various sections of Title 14A) Effective July 1, 2000; amended effective January 1, 2004	  	Subsection 10 Mortgage

					
	Standard & Poor’s High Cost Loan Categorization
	 State/Jurisdiction
	  	 Name of Anti-Predatory Lending
 Law/Effective Date
	  	 Category under
 Applicable Anti-Predatory
 Lending Law

	 Rhode Island
	  	Rhode Island Home Loan Protection Act, R.I. Gen. Laws §§ 34-25.2-1 et seq. Effective December 31, 2006.	  	High Cost Home Loan
			
	 South Carolina
	  	 South Carolina High Cost and Consumer Home Loans Act, S.C. Code Ann. §§ 37-23-10 et seq.
 Effective for loans taken on or after January 1, 2004
	  	High Cost Home Loan
			
	 Tennessee
	  	 Tennessee Home Loan Protection Act, Tenn. Code Ann. §§ 45-20-101 et seq.
 Effective January 1, 2007.
	  	High Cost Home Loan
			
	 West Virginia
	  	 West Virginia Residential Mortgage Lender, Broker and Servicer Act, W. Va. Code Ann. §§ 31-17-1 et seq.
 Effective June 5, 2002
	  	West Virginia Mortgage Loan Act Loan
	
	Standard & Poor’s Covered Loan Categorization
	 State/Jurisdiction
	  	 Name of Anti-Predatory Lending
 Law/Effective Date
	  	 Category under
 Applicable Anti-Predatory
 Lending Law

	 Georgia (Oct. 1, 2002 – Mar. 6, 2003)
	  	 Georgia Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.
 Effective October 1, 2002 – March 6, 2003
	  	Covered Loan
			
	 New Jersey
	  	 New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq.
 Effective November 27, 2003 – July 5, 2004
	  	Covered Home Loan
	
	Standard & Poor’s Home Loan Categorization
	 State/Jurisdiction
	  	 Name of Anti-Predatory Lending
 Law/Effective Date
	  	 Category under
 Applicable Anti-Predatory
 Lending Law

	 Georgia (Oct. 1, 2002 – Mar. 6, 2003)
	  	 Georgia Fair Lending Act, Ga. Code Ann. §§ 7-6A-1 et seq.
 Effective October 1, 2002 – March 6, 2003
	  	Home Loan
			
	 New Jersey
	  	 New Jersey Home Ownership Security Act of 2002, N.J. Rev. Stat. §§ 46:10B-22 et seq.
 Effective for loans closed on or after November 27, 2003
	  	Home Loan
			
	 New Mexico
	  	 Home Loan Protection Act, N.M. Rev. Stat. §§ 58-21A-1 et seq.
 Effective as of January 1, 2004; Revised as of February 26, 2004
	  	Home Loan
			
	 North Carolina
	  	 Restrictions and Limitations on High Cost Home Loans, N.C. Gen. Stat. §§ 24-1.1E et seq.
 Effective July 1, 2000; amended October 1, 2003 (adding open-end lines of credit)
	  	Consumer Home Loan
			
	 South Carolina
	  	 South Carolina High Cost and Consumer Home Loans Act, S.C. Code Ann. §§ 37-23-10 et seq.
 Effective for loans taken on or after January 1, 2004
	  	Consumer Home LoanForm of Agreement Relating to Employment and Post-Employment Competition

 Exhibit 10.1 
 AGREEMENT FOR MANAGEMENT COMMITTEE 
 ARAMARK CORPORATION 
 AGREEMENT RELATING TO EMPLOYMENT AND 
 POST-EMPLOYMENT COMPETITION 
 This Agreement is between the undersigned individual (“Employee”) and ARAMARK CORPORATION
(“ARAMARK”). 
 RECITALS 
 WHEREAS, ARAMARK is a leading provider of managed services to business and industry, private and public institutions, and the general public, in the following business groups: food and support services and uniform and
career apparel; 
 WHEREAS, ARAMARK has a proprietary interest in its business and financial plans and systems, methods of operation and
other secret and confidential information, knowledge and data (“Proprietary Information”) which includes, but is not limited to, all confidential, proprietary or non-public information, ideas and concepts; annual and strategic business
plans; financial plans, reports and systems including, profit and loss statements, sales, accounting forms and procedures and other information regarding costs, pricing and the financial condition of ARAMARK and its business segments and groups;
management development reviews, including information regarding the capabilities and experience of ARAMARK employees; intellectual property, including patents, inventions, discoveries, research and development, compounds, recipes, formulae, reports,
protocols, computer software and databases; information regarding ARAMARK’s relationships with its clients, customers, and suppliers and prospective clients, partners, customers and suppliers; policy and procedure manuals, information regarding
materials and documents in any form or medium (including oral, written, tangible, intangible, or electronic) concerning any of the above, or any past, current or 

 
future business activities of ARAMARK that is not publicly available; compensation, recruiting and training, and human resource policies and procedures; and
data compilations, research, reports, structures, compounds, techniques, methods, processes, know-how; 
 WHEREAS, all such Proprietary
Information is developed at great expense to ARAMARK and is considered by ARAMARK to be confidential trade secrets; 
 WHEREAS, Employee, as
a senior manager, will have access to ARAMARK’s Proprietary Information, directly in the course of Employee’s employment, and indirectly through interaction with and presentations by other ARAMARK senior managers at the Executive
Leadership Institute, Executive Leadership Council meetings, Presidents’ Council meetings and the like; 
 WHEREAS, ARAMARK will
introduce Employee to ARAMARK clients, customers, suppliers and others, and will encourage, and provide resources for, Employee to develop personal relationships with ARAMARK’s clients, customers, suppliers and others; 
 WHEREAS, ARAMARK will provide specialized training and skills to Employee in connection with the performance of Employee’s duties at ARAMARK which
training involves the disclosure by ARAMARK to Employee of Proprietary Information; 
 WHEREAS, ARAMARK will be vulnerable to unfair
post-employment competition by Employee because Employee will have access to and knowledge of ARAMARK’s Proprietary Information, will have a personal relationship with ARAMARK’s clients, customers, suppliers and others, and will generate
good will which Employee acknowledges belongs to ARAMARK; 
 NOW, THEREFORE, in consideration of Employee’s employment with ARAMARK, the
opportunity to receive the grant of options to purchase common stock of ARAMARK Holdings Corporation (“Holdings”), severance and other post-employment benefits 

  

 2 

 
provided for herein (including pursuant to Exhibit A hereto to which Employee acknowledges he or she is not otherwise entitled), and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Employee agrees to enter into this Agreement with ARAMARK as a condition of employment pursuant to which ARAMARK will limit Employee’s right to compete
against ARAMARK during and following termination of employment on the terms set forth in this Agreement. Intending to be legally bound, the parties agree as follows: 
 ARTICLE 1. NON-DISCLOSURE AND NON-DISPARAGEMENT: Employee shall not, during or after termination of employment, directly or indirectly, in any manner utilize or disclose to any person, firm, corporation,
association or other entity, except where required by law, any Proprietary Information which is not generally known to the public, or has not otherwise been disclosed or recognized as standard practice in the industries in which ARAMARK is engaged.
Employee shall, during and after termination of employment, refrain from making any statements or comments of a defamatory or disparaging nature to any third party regarding ARAMARK, or any of ARAMARK’s officers, directors, personnel, policies
or products, other than to comply with law. 
 ARTICLE 2. NON-COMPETITION: 
  

	A.	 Subject to Article 2. B. below, Employee, during Employee’s period of employment with ARAMARK, and for a period of two years following the voluntary or
involuntary termination of employment, shall not, without ARAMARK’s written permission, which shall be granted or denied in ARAMARK’s sole discretion, directly or indirectly, associate with (including, but not limited to, association as a
sole proprietor, owner, employer, partner, principal, investor, joint venturer, shareholder, associate, employee, member, consultant, contractor or otherwise), or acquire or maintain ownership interest 

  

 3 

	 	 
in, any Business which is competitive with that conducted by or developed for later implementation by ARAMARK at any time during the term of Employee’s
employment, provided, however, if Employee’s employment is (i) involuntarily terminated by ARAMARK for any reason other than Cause (as defined herein), or (ii) terminated by Employee for Good Reason (as defined in
Exhibit A) at any time either (x) prior to January 26, 2010 or (y) thereafter, following a Change of Control (as defined in Exhibit A) occurring after the date of this Agreement, then the term of the non-competition provision set
forth herein will be modified to be one year following such termination of employment. For purposes of this Agreement, “Business” shall be defined as a person, corporation, firm, LLC, partnership, joint venture or other entity. Nothing in
the foregoing shall prevent Employee from investing in a Business that is or becomes publicly traded, if Employee’s ownership is as a passive investor of less than 1% of the outstanding publicly traded stock of the Business.

  

	B.	The provision set forth in Article 2.A above, shall apply to the full extent permitted by law (i) in all fifty states, and (ii) each foreign country, possession or
territory in which ARAMARK may be engaged in, or have plans to engage in, business (x) during Employee’s period of employment, or (y) in the case of a termination of employment, as of the effective date of such termination or at any
time during the twenty-four month period prior thereto. 

  

	C.	 Employee acknowledges that these restrictions are reasonable and necessary to protect the business interests of ARAMARK, and that enforcement of the provisions set
forth in this Article 2 will not unnecessarily or unreasonably impair Employee’s ability to obtain other employment following the termination (voluntary or involuntary) of Employee’s employment with ARAMARK. Further, Employee acknowledges
that the provisions set 

  

 4 

	 	 
forth in this Article 2 shall apply if Employee’s employment is involuntarily terminated by ARAMARK for Cause; as a result of the elimination of
employee’s position; for performance-related issues; or for any other reason or no reason at all. 

 ARTICLE 3.
NON-SOLICITATION: During the period of Employee’s employment with ARAMARK and for a period of two years following the termination of Employee’s employment, regardless of the reason for termination, Employee shall not, directly or
indirectly: (i) induce or encourage any employee of ARAMARK to leave the employ of ARAMARK, (ii) hire any individual who was an employee of ARAMARK as of the date of Employee’s termination of employment or within a six month period
prior to such date, or (iii) induce or encourage any customer, client, supplier or other business relation of ARAMARK to cease or reduce doing business with ARAMARK or in any way interfere with the relationship between any such customer,
client, supplier or other business relation and ARAMARK. 
 ARTICLE 4. DISCOVERIES AND WORKS: Employee hereby irrevocably assigns, transfers,
and conveys to ARAMARK to the maximum extent permitted by applicable law Employee’s right, title and interest now or hereinafter acquired, in and to all Discoveries and Works (as defined below) created, invented, designed, developed, improved
or contributed to by Employee, either alone or jointly with others, while employed by ARAMARK and within the scope of Employee’s employment and/or with the use of ARAMARK’s resources. The terms “Discoveries and Works” include all
works of authorship, inventions, intellectual property, materials, documents, or other work product (including, without limitation, Proprietary Information, patents and patent applications, patentable inventions, research, reports, software, code,
databases, systems, applications, presentations, textual works, graphics and audiovisual materials). Employee shall have the burden of proving that any materials or works created, invented, designed, developed, contributed to or improved by Employee
that are implicated by or 

  

 5 

 
relevant to employment by ARAMARK are not implicated by this provision. Employee agrees to (i) keep accurate records and promptly notify, make full
disclosure to, and execute and deliver any documents and to take any further actions requested by ARAMARK to assist it in validating, effectuating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of its rights
hereunder, and (ii) renounce any and all claims, including, without limitation, claims of ownership and royalty, with respect to all Discoveries and Works and all other property owned or licensed by ARAMARK. Any Discoveries and Works that,
within six months after the termination of Employee’s employment with ARAMARK, are made, disclosed, reduced to a tangible or written form or description, or are reduced to practice by Employee and which pertain to the business carried on or
products or services being sold or developed by ARAMARK at the time of such termination shall, as between Employee and ARAMARK, be presumed to have been made during such employment with ARAMARK. Employee acknowledges that, to the fullest extent
permitted by law, all Discoveries and Works shall be deemed “works made for hire” under the Copyright Act of 1976, as amended, 17 U.S.C. Section 101. Employee hereby grants ARAMARK a perpetual, nonexclusive, royalty-free, worldwide,
assignable, sublicensable license under all rights and intellectual property rights (including patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) in any Works and Discoveries, for all purposes in
connection with ARAMARK’s current and future business, that Employee has created, invented, designed, developed, improved or contributed to prior to Employee’s employment with ARAMARK that are relevant to or implicated by such employment
(“Prior Works”). Any Prior Works are disclosed by Employee in Schedule 1. 
 ARTICLE 5. REMEDIES: Employee acknowledges that in the
event of any violation by Employee of the provisions set forth in Articles 1, 2, 3 or 4 above, ARAMARK will sustain serious, irreparable and substantial harm to its business, the extent of which will be difficult to 

  

 6 

 
determine and impossible to fully remedy by an action at law for money damages. Accordingly, Employee agrees that, in the event of such violation or
threatened violation by Employee, ARAMARK shall be entitled to an injunction before trial before any court of competent jurisdiction as a matter of course upon the posting of not more than a nominal bond, in addition to all such other legal and
equitable remedies as may be available to ARAMARK. If ARAMARK is required to enforce the provisions set forth in Articles 2 and 3 above by seeking an injunction, Employee agrees that the relevant time periods set forth in Articles 2 and 3 shall
commence with the entry of the injunction. Employee further agrees that, in the event any of the provisions of this Agreement are determined by a court of competent jurisdiction to be invalid, illegal, or for any reason unenforceable as written,
such court shall substitute a valid provision which most closely approximates the intent and purpose of the invalid provision and which would be enforceable to the maximum extent permitted by law. 
 ARTICLE 6. POST-EMPLOYMENT BENEFITS: 
  

	A.	If Employee’s employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  

	 	1.	Severance Pay: Employee shall receive severance payments equivalent to Employee’s monthly base salary as of the effective date of termination for the number of months
set forth on the following schedule: 

  

			
	 Years of Continuous Service with ARAMARK (or with any of its
Predecessor Corporations or
its Parent) Completed from Last Hire
Date
	  	 Months of Severance Pay

	 Less than 2
	  	6
	 2
	  	9
	 3
	  	12
	 4
	  	15
	 5 or More
	  	18

  

 7 

 Severance payments shall commence with the Employee’s effective date of termination and shall be
made in accordance with ARAMARK’s normal payroll cycle. The period during which Employee receives severance payments shall be referred to as the “Severance Pay Period.” 
  

	 	2.	Other Post-Employment Benefits 

  

	 	(a)	Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period; provided, however, that if Employee
becomes employed by a new employer during that period, continuing coverage from ARAMARK will become secondary to any coverage afforded by the new employer. Employee’s share of the premiums will be deducted from Employee’s severance
payments. Basic Group medical coverage provided during such period shall be applied against ARAMARK’s obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Upon
termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under the terms of the plans providing such coverages. 

  

	 	(b)	 If, at the time of termination, ARAMARK is providing Employee with a leased vehicle, then ARAMARK will continue to provide the leased vehicle through the Severance
Pay Period under the same terms and conditions as in effect at the time of the Employee’s termination. At the 

  

 8 

	 	 
expiration of the Severance Pay Period, Employee must return the leased vehicle to ARAMARK unless the Employee elects to purchase the vehicle in accordance
with the Executive Leadership Council policy then in effect. If Employee is receiving a car allowance at the time of the Employee’s termination, such car allowance will continue to be paid through the Severance Pay Period. At the expiration of
the Severance Pay Period, the Employee will cease being paid a car allowance. 

  

	 	(c)	Employee’s eligibility to participate in all other benefit and compensation plans, including, but not limited to the Management Incentive Bonus, Long Term Disability, any
nonqualified retirement plans, and any stock option or ownership plans, shall terminate as of the effective date of Employee’s termination unless provided otherwise under the terms of a particular plan, provided, however, that
participation in plans and programs made available solely to Executive Leadership Council members, including, but not limited to the Executive Leadership Council Medical Plan, shall cease as of the effective date of termination or the date
Employee’s Executive Leadership Council membership ceases, whichever occurs first. Employee, however, shall have certain rights to continue the Executive Leadership Council Medical Plan under COBRA. 

  

	B.	 Termination for “Cause” shall be defined as termination of employment due to: (i) conviction or plea of guilty or nolo contendere to a felony,
(ii) intentional fraud or dishonesty with respect to ARAMARK that causes material and demonstrable harm to ARAMARK, (iii) willful and continuous failure to perform lawfully assigned duties that are consistent with the Employee’s
position with ARAMARK, (iv) willful violation of 

  

 9 

	 	 
ARAMARK’s Business Conduct Policy that causes material harm to ARAMARK or its business reputation, or (v) intentionally working against the best
interests of ARAMARK; in any case of conduct described in clause (ii)-(v), only if such conduct continues beyond ten business days after receipt by the Employee from ARAMARK of a written demand to cure such conduct. 

  

	C.	If Employee is terminated by ARAMARK for reasons other than Cause, Employee will receive the severance payments and other post-employment benefits during the Severance Pay Period
even if Employee commences other employment during such period provided such employment does not violate the terms of Article 2, and subject to the provisions of Article 6.F. 

  

	D.	Subject to the provisions of this Agreement (including, without limitation, that this Article 6D is superseded by the terms of Exhibit A on and after the occurrence of a Change of
Control as defined therein), if Employee terminates employment with ARAMARK for “Good Reason” (as such term is defined in Exhibit A) at any time prior to January 26, 2010, Employee will not be entitled to any severance payments
or benefits described in Article 6.A.1 above, but Employee will be entitled to receive medical, life insurance and disability coverages at the level provided to Employee immediately prior to January 26, 2007, until the second anniversary
of the date of termination of Employee’s employment, provided, however, that if Employee becomes employed by a new employer, continuing coverage from the Company will become secondary to any coverage afforded by the new employer.

  

	E.	In addition to the remedies set forth in Article 5, ARAMARK reserves the right to terminate all severance payments and other post-employment benefits if Employee violates the
covenants set forth in Articles 1, 2, 3 or 4 above in any material respect. 

  

 10 

	F.	Employee’s receipt of severance and other post-employment benefits under this Agreement is contingent on (i) Employee’s execution of a release in a form reasonably
acceptable to ARAMARK, except that such release shall not include any claims by Employee to enforce Employee’s rights under, or with respect to, (1) this Agreement (including the attached Exhibit A), (2) the Certificate of
Incorporation and By-laws of ARAMARK or any parent corporation thereof, (3) any indemnification agreement between the Employee and any of ARAMARK or any parent corporation thereof, (4) Section 5.8 of the Merger Agreement referred to
in Article 8.B below, (5) the Stockholders Agreement dated on or about January 26, 2007 among ARAMARK Holdings Corporation and the holders party thereto (the “Stockholders Agreement”) and any other agreement referenced therein
(including the Registration Rights and Coordination Committee Agreement entered into by ARAMARK Holdings Corporation and the holders party thereto), and the ARAMARK Holdings Corporation 2007 Management Stock Incentive Plan and any award agreements
granted thereunder, including the Restricted Stock Award Agreement, or (6) any ARAMARK benefit plan pursuant to its terms, and (ii) the expiration of the applicable Age Discrimination in Employment Act revocation period without such
release being revoked by Employee; provided, however, that this Article 6.E no longer shall apply following a Change of Control (as defined in the attached Exhibit A). 

 ARTICLE 7. TERM OF EMPLOYMENT: Employee acknowledges that ARAMARK has the right to terminate Employee’s employment at any time for any reason
whatsoever, provided, however, that any termination by ARAMARK for reasons other than Cause shall result in the severance and the post-employment benefits described in Article 6 above, to become due in accordance with the terms of this
Agreement subject to the conditions set forth in this 

  

 11 

 
Agreement. Employee further acknowledges that the severance payments made and other benefits provided by ARAMARK are in full satisfaction of any obligations
ARAMARK may have resulting from ARAMARK’s exercise of its right to terminate Employee’s employment, except for those obligations which are intended to survive termination such as the payments to be made pursuant to retirement plans,
deferred compensation plans, conversion of insurance, and the plans and other documents and agreements referred to in Article 6.F above. 
 ARTICLE 8.
MISCELLANEOUS: 
  

	A.	As used throughout this Agreement, ARAMARK includes ARAMARK Corporation and its subsidiaries and affiliates or any corporation, joint venture, or other entity in which ARAMARK
Corporation or its subsidiaries or affiliates has an equity interest in excess of ten percent (10%). 

  

	B.	Notwithstanding anything to the contrary contained herein, Employee shall, after any termination of employment for Good Reason by Employee or other than for Cause by ARAMARK, retain
all rights to indemnification under applicable law or any agreement (including, without limitation, the Stockholders Agreement), or under the Company’s Certificate of Incorporation or By-Laws at a level that is at least as favorable to the
Employee as that currently provided. In addition, the Company shall maintain Director’s and Officer’s liability insurance on behalf of Employee, at the level in effect immediately prior to such date of termination, for the three-year
period following the date of termination, and throughout the period of any applicable statute of limitations and for such further period as may be referenced under Section 5.8 of the Agreement and Plan of Merger by and among RMK Acquisition
Corporation, RMK Finance LLC and ARAMARK Corporation dated August 8, 2006 (the “Merger Agreement”). 

  

 12 

	C.	In the event that it is reasonably determined by ARAMARK that, as a result of the deferred compensation tax rules under Section 409A of the Internal Revenue Code of
1986, as amended (and any related regulations or other pronouncements thereunder) (“the Deferred Compensation Tax Rules”), any of the payments and benefits that Employee is entitled to under the terms of this Agreement (including under
Exhibit A) may not be made at the time contemplated by the terms hereof or thereof, as the case may be, without causing Employee to be subject to tax under the Deferred Compensation Tax Rules, ARAMARK shall, in lieu of providing such payment or
benefit when otherwise due under this Agreement, instead provide such payment or benefit on the first day on which such provision would not result in Employee incurring any tax liability under the Deferred Compensation Tax Rules; which day, if
Employee is a “specified employee” within the meaning of the Deferred Compensation Tax Rules, shall be the first day following the six-month period beginning on the date of Employee’s termination of employment; provided,
further, that to the extent that the amount of payments due under Article 6.A are not subject to the Deferred Compensation Tax Rules by virtue of the application of Treas. Reg Sec. 1.409A-1(b)(9)(iii)(A), such payments may be made prior to
the expiration of such six-month period. In addition, in the event that any payments or benefits that ARAMARK would otherwise be required to provide under this Agreement cannot be provided in the manner contemplated herein without subjecting
Employee to tax under the Deferred Compensation Tax Rules, ARAMARK shall provide such intended payments or benefits to Employee in an alternative manner that conveys an equivalent economic benefit to Employee as soon as practicable as may otherwise
be permitted under the Deferred Compensation Tax Rules. For purposes of the Deferred Compensation Tax Rules, each payment made under this Agreement (including, without limitation, each installment payment due under Article 6.A) shall be designated
as a “separate payment” within the meaning of the Deferred Compensation Tax Rules. 

  

 13 

	D.	Notwithstanding anything else set forth in this Agreement (including Exhibit A) to the contrary, the provisions of Sections 5, 7 and 9 of Exhibit A shall, in addition to its
application as provided for in Exhibit A, apply with respect to any Payment (as such term is defined therein) provided to Employee in connection with the closing of the transactions contemplated under the Merger Agreement. 

 

	E.	In the event of a Change of Control as defined in the attached Exhibit A, the provisions of Exhibit A shall apply to Employee. Further, pursuant to the Deferred Compensation Tax
Rules, ARAMARK, in its discretion, is permitted to accelerate the time and form of payments provided under the deferred compensation arrangement set forth in this Agreement (including Exhibit A), where the right to the payment arises due to a
termination of the arrangement within the 30 days preceding or the 12 months following a change in control event (as defined in the Deferred Compensation Tax Rules). 

  

	F.	 If Employee’s employment with ARAMARK terminates solely by reason of a transfer of stock or assets of, or a merger or other disposition of, a subsidiary of
ARAMARK (whether direct or indirect), such termination shall not be deemed a termination of employment by ARAMARK for purposes of this Agreement, provided that ARAMARK requires the subsequent employer, by agreement, to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that ARAMARK would be required to perform it if no such transaction had taken place. In such case, Employee acknowledges and agrees that ARAMARK may assign this Agreement and
ARAMARK’s rights hereunder, and particularly Articles 1, 2, 3 and 4, in its sole discretion and without advance approval by Employee. In such case, Employee agrees 

  

 14 

	 	 
that ARAMARK may assign this Agreement and all references to “ARAMARK” contained in this Agreement shall thereafter be deemed to refer to the
subsequent employer. 

  

	G.	Employee shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise. 

 

	H.	This Agreement shall supersede and substitute for any previous post-employment or severance agreement between Employee and ARAMARK. 

  

	I.	In the event any one or more of the provisions of this Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions of this Agreement shall not be affected thereby. 

  

	J.	The terms of this Agreement shall be governed by the laws of the Commonwealth of Pennsylvania, without regard to conflicts of laws principles thereof. For purposes of any action or
proceeding, Employee irrevocably submits to the non-exclusive jurisdiction of the courts of Pennsylvania and the courts of the United States of America located in Pennsylvania for the purpose of any judicial proceeding arising out of or relating to
this Agreement, and acknowledges that the designated fora have a reasonable relation to the Agreement and to the parties’ relationship with one another. Notwithstanding the provisions of this Article 8.J, ARAMARK may, in its discretion,
bring an action or special proceeding in any court of competent jurisdiction for the purpose of seeking temporary or preliminary relief pending resolution of a dispute. 

  

	K.	 Employee expressly consents to the application of Article 8.J to any judicial action or proceeding arising out of or relating to this Agreement. ARAMARK shall have
the right to serve legal process upon Employee in any manner permitted by law. In addition, Employee irrevocably appoints the General Counsel of ARAMARK Corporation (or any 

  

 15 

	 	 
successor) as Employee’s agent for service of legal process in connection with any such action or proceeding and Employee agrees that service of legal
process upon such agent, who shall promptly advise Employee of any such service of legal process at the address of Employee then in the records of ARAMARK, shall be deemed in every respect effective service of legal process upon Employee in any such
action or proceeding. 

  

	L.	Employee hereby waives, to the fullest extent permitted by applicable law, any objection that Employee now or hereafter may have to personal jurisdiction or to the laying of venue
of any action or proceeding brought in any court referenced in Article 8.J and hereby agrees not to plead or claim the same. 

  

	M.	Notwithstanding any other provision of this Agreement, ARAMARK may, to the extent required by law, withhold applicable federal, state and local income and other taxes from any
payments due to Employee hereunder. 

  

	N.	Employee and ARAMARK acknowledge that for purposes of Article 6, Employee’s last hire date with ARAMARK is
[                    ]. 

  

	O.	This Agreement shall be binding upon, inure to the benefit of and be enforceable by the Company and Employee, and their respective heirs, legal representatives, successors and
assigns. Employee acknowledges and agrees that this Agreement, including its provisions on post-employment restrictions, is specifically assignable by ARAMARK. Employee hereby consents to such future assignment and agrees not to challenge the
validity of such future assignment. 

  

 16 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused this Agreement to be signed.

  

					
	Date:                     	 	ARAMARK CORPORATION
			
	 	 	By:	 	 /s/ Lynn McKee

	 	 	 	 	Lynn McKee
			
	 	 	By:	 	  

  

 17 

 Schedule 1 
 Prior Works* 

	*	If no Prior Works are listed, Employee certifies that there are none. 

  

 18 

 EXHIBIT A 
 TERMINATION PROTECTION PROVISIONS 
 THIS is an Exhibit A to, and forms a part of, the ARAMARK
Corporation Agreement Relating to Employment and Post-Employment Competition between
                                        
(the “Executive”) and ARAMARK Corporation. 
  

	 	1.	Defined Terms. 

 Unless otherwise indicated,
capitalized terms used in this Exhibit which are defined in Schedule A shall have the meanings set forth in Schedule A. 
  

	 	2.	Effective Date; Term. 

 This Exhibit shall be
effective as of May [ ], 2007 (the “Effective Date) and shall remain in effect until the later of three years following a Change of Control and the date that all of the Company’s obligations under this Exhibit have been satisfied in full.

  

	 	3.	Change of Control Benefits. 

 If Executive’s
employment with the Company is terminated at any time within the three years following a Change of Control by the Company without Cause, or by Executive for Good Reason (the effective date of either such termination hereafter referred to as the
“Termination Date”), Executive shall be entitled to the payments and benefits provided hereafter in this Section 3 and as set forth in this Exhibit. If Executive’s employment by the Company is terminated prior to a Change of
Control by the Company (i) at the request of a party (other than the Company) involved in the Change of Control or (ii) otherwise in connection with or in anticipation of a Change of Control that subsequently occurs, Executive shall be
entitled to the benefits provided hereafter in this Section 3 and as set forth in this Exhibit, and Executive’s Termination Date shall be deemed to have occurred immediately following the Change of Control. Payment of benefits under this
Exhibit shall be in addition to, and not in lieu of, any benefits payable under the ARAMARK Corporation Agreement Relating to Employment and Post-Employment Competition of which this Exhibit is a part, except as provided in Section 3(b) hereof.
Notice of termination without Cause or for Good Reason shall be given in accordance with Section 13, and shall indicate the specific termination provision hereunder relied upon, the relevant facts and circumstances and the Termination Date.

  

	 	a.	Severance Payments. The Company shall pay Executive cash benefits equal to: 

  

	 	(1)	 two times Executive’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any
reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately 

	 	 
prior to such reduction, payable in regular installments at such times as would otherwise be the Company’s usual payroll practice over a period of two
years; and 

  

	 	(2)	the higher of: (A) two times Executive’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times
Executive’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus
has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and 

  

	 	(3)	Executive’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in
the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and 

  

	 	(4)	in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A.1. of the attached Management Committee
Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive’s employment had been terminated by ARAMARK without Cause on the Termination Date. 

  

	 	b.	Continuation of Benefits. Until the second anniversary of the Termination Date, the Company shall at its expense provide Executive and Executive’s spouse and dependents
with medical, life insurance and disability coverages at the level provided to Executive immediately prior to the Change of Control; provided, however, that if Executive becomes employed by a new employer, continuing coverage from the
Company will become secondary to any coverage afforded by the new employer. In the event benefits are continued under this Section 3(b), such continued benefits shall be in lieu of those specified in Article 6.A.2.a of the attached Management
Committee Agreement (as defined in Section 8 hereof). 

  

	 	 c.
	 Payment of Earned But Unpaid Amounts. Within forty days after the Termination Date, the Company shall pay
Executive the Base Salary through the Termination Date, any Bonus earned but unpaid as of the Termination Date for any previously completed fiscal year of the Company, to the extent not previously deferred under a particular deferred
compensation plan, and reimbursement for any unreimbursed expenses properly incurred by Executive in accordance with Company policies prior to the Termination Date. Executive shall also receive such employee 

  

 A-2 

	 	 
benefits, if any, to which Executive may be entitled from time to time under the employee benefit or fringe benefit plans, policies or programs of the
Company, other than any Company severance policy (payments and benefits in this subsection (c), the “Accrued Benefits”). 

  

	 	d.	Outplacement Counseling. For the two-year period following the Termination Date (or, if earlier, the date Executive first obtains full-time employment after the Termination
Date), the Company shall reimburse all reasonable expenses incurred by Executive for professional outplacement services by qualified consultants selected by Executive, in an amount not to exceed 20% of the Executive’s Base Salary in effect on
the date of the Change of Control or the Termination Date, whichever is higher. All such reimbursement payments shall be made prior to the last day of the second calendar year following the calendar year in which the Termination Date occurs.

  

	 	e.	Vesting of Other Benefits. Executive shall be entitled to such accelerated vesting of outstanding equity-based awards or retirement plan benefits as is specified under the
terms of the applicable plans, agreements and arrangements. 

  

	 	4.	Mitigation. 

 Executive shall not be required to
mitigate damages or the amount of any payment provided for under this Exhibit by seeking other employment or otherwise, and, subject to Section 3(b), compensation earned from such employment or otherwise shall not reduce the amounts otherwise
payable under this Exhibit. No amounts payable under this Exhibit shall be subject to reduction or offset in respect of any claims which the Company (or any other person or entity) may have against Executive. 
  

	 	5.	Gross-Up. 

  

	 	a.	In the event it shall be determined that any payment, benefit or distribution (or combination thereof) by the Company, any of its affiliates, or one or more trusts established by
the Company for the benefit of its employees, to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Exhibit, or otherwise) (a “Payment”) is subject to the excise tax
imposed by Section 4999 of the Code or any interest or penalties are incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, hereinafter collectively referred to as the “Excise
Tax”), Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by Executive of all taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and the Excise Tax imposed upon the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed
upon the Payments. 

  

 A-3 

	 	b.	All determinations required to be made under this Section 5, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the
assumptions to be utilized in arriving at such determination, shall be made by such nationally recognized certified public accounting firm as may be designated by the Company (the “Accounting Firm”) which shall provide detailed supporting
calculations both to the Company and Executive within ten business days of the receipt of notice from Executive that there has been a Payment, or such earlier time as is requested by the Company; provided that for purposes of determining the amount
of any Gross-Up Payment, Executive shall be deemed to pay federal income tax at the highest marginal rates applicable to individuals in the calendar year in which any such Gross-Up Payment is to be made and deemed to pay state and local income taxes
at the highest effective rates applicable to individuals in the state or locality of Executive’s residence or place of employment in the calendar year in which any such Gross-Up Payment is to be made, net of the maximum reduction in federal
income taxes that can be obtained from deduction of such state and local taxes, taking into account limitations applicable to individuals subject to federal income tax at the highest marginal rates. All fees and expenses of the Accounting Firm shall
be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 5, shall be paid by the Company to Executive (or to the appropriate taxing authority on Executive’s behalf) when due. If the Accounting Firm
determines that no Excise Tax is payable by Executive, it shall so indicate to Executive in writing. Any determination by the Accounting Firm shall be binding upon the Company and Executive. As a result of the uncertainty in the application of
Section 4999 of the Code, it is possible that the amount of the Gross-Up Payment determined by the Accounting Firm to be due to (or on behalf of) Executive was lower than the amount actually due (“Underpayment”). In the event that the
Company exhausts its remedies pursuant to Section 5(c) and Executive thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment
shall be promptly paid by the Company to or for the benefit of Executive. 

  

	 	c.	 Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of any
Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such
claim is requested to be paid. Executive shall not pay such claim prior to the expiration of the thirty day period following the date on which it gives such notice to the 

  

 A-4 

	 	 
Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies Executive in writing
prior to the expiration of such period that it desires to contest such claim, Executive shall (i) give the Company any information reasonably requested by the Company relating to such claim, (ii) take such action in connection with
contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company,
(iii) cooperate with the Company in good faith in order to effectively contest such claim and (iv) permit the Company to participate in any proceedings relating to such claim; provided, however, that the Company shall bear and pay directly
all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties
with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this Section 5(c), the Company shall control all proceedings taken in connection with such
contest and, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct Executive to pay the tax
claimed and sue for a refund or contest the claim in any permissible manner, and Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate
courts, as the Company shall determine; provided, further, that if the Company directs Executive to pay such claim and sue for a refund, the Company shall advance the amount of such payment to Executive, on an interest-free basis, and shall
indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such
advance; provided, further, that if Executive is required to extend the statute of limitations to enable the Company to contest such claim, Executive may limit this extension solely to such contested amount. The Company’s control of the contest
shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing
authority. 

  

	 	d.	 If, after the receipt by Executive of an amount paid or advanced by the Company pursuant to this Section 5, Executive becomes entitled to receive any refund
with respect to a Gross-Up Payment, Executive shall (subject to the Company’s complying with the requirements of Section 5(c)) promptly pay to the Company the amount of such refund received (together with any interest paid or credited
thereon after taxes applicable 

  

 A-5 

	 	 
thereto). If, after the receipt by Executive of an amount advanced by the Company pursuant to Section 5(c), a determination is made that Executive shall
not be entitled to any refund with respect to such claim and the Company does not notify Executive in writing of its intent to contest such denial of refund prior to the expiration of thirty days after such determination, then such advance shall be
forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of the Gross-Up Payment required to be paid. 

  

	 	6.	Termination for Cause. 

 Nothing in this Exhibit shall be
construed to prevent the Company from terminating Executive’s employment for Cause. If Executive is terminated for Cause, the Company shall have no obligation to make any payments under this Exhibit, except for the Accrued Benefits. 

 

	 	7.	Indemnification; Director’s and Officer’s Liability Insurance. 

 Executive shall, after the Termination Date, retain all rights to indemnification under applicable law, any agreements, (including without limitation, the Stockholders Agreement), or under the Company’s
Certificate of Incorporation or By-Laws, as they may be amended or restated from time to time. In addition, the Company shall maintain Director’s and Officer’s liability insurance on behalf of Executive, at the level in effect immediately
prior to the Termination Date, for the three year period following the Termination Date, and throughout the period of any applicable statute of limitations and for any longer period required pursuant to the Agreement and Plan of Merger by and among
RMK Acquisition Corporation, RMK Finance LLC and ARAMARK Corporation dated August 8, 2006 or any other agreement. 
  

	 	8.	Executive Covenants. 

 This is an Exhibit A to, and forms a
part of, an agreement with the Company relating to employment and post-employment competition (the “Management Committee Agreement”). This Exhibit shall not diminish in any way Executive’s rights under the terms of such Management
Committee Agreement, except that Executive’s receipt of benefits under this Exhibit is contingent upon Executive’s compliance in all material respects with all of the terms and conditions of the Management Committee Agreement. 

 

	 	9.	Costs of Proceedings. 

 Each party shall pay its own costs
and expenses in connection with any legal proceeding (including arbitration), relating to the interpretation or enforcement of any provision of this Exhibit, except that the Company shall pay such costs and expenses, including attorneys’ fees
and disbursements, of Executive if Executive prevails on a substantial portion of the claims in such proceeding. 
  

 A-6 

	 	10.	Assignment. 

 Except as otherwise provided herein, this
Exhibit shall be binding upon, inure to the benefit of and be enforceable by the Company and Executive and their respective heirs, legal representatives, successors and assigns. If the Company shall be merged into or consolidated with another
entity, the provisions of this Exhibit shall be binding upon and inure to the benefit of the entity surviving such merger or resulting from such consolidation. The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the Company, by agreement, expressly to assume and agree to perform this Exhibit in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. The provisions of this Section 10 shall continue to apply to each subsequent employer of Executive hereunder in the event of any subsequent merger, consolidation or transfer of assets of such
subsequent employer. 
  

	 	11.	Withholding. 

 Notwithstanding any other provision of this
Exhibit, the Company may, to the extent required by law, withhold applicable federal, state and local income and other taxes from any payments due to Executive hereunder. 
  

	 	12.	Applicable Law. 

 This Exhibit shall be governed by and
construed in accordance with the laws of the State of Pennsylvania, without regard to conflicts of laws principles thereof. 
  

	 	13.	Notice. 

 For the purpose of this Exhibit, any notice and
all other communication provided for in this Exhibit shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States registered mail, return receipt
requested, postage prepaid, addressed to the respective addresses set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective
only upon receipt. 
 If to the Company: 
 ARAMARK Corporation 
 ARAMARK Tower 
 1101 Market Street 
 Philadelphia, Pennsylvania 19107 
 Attention: General Counsel 
 If to Executive:

 To the most recent address of Executive set forth in the personnel records of the Company. 
  

 A-7 

	 	14.	Entire Agreement; Modification. 

 This Exhibit constitutes
the entire agreement between the parties and, except as expressly provided herein or in section 6F of the Management Committee Agreement or in any benefit plan of the Company or of any of its affiliates, supersedes all other prior agreements
expressly concerning the effect of a Change of Control occurring after the date of this Agreement with respect to the relationship between the Company and Executive. This Exhibit is not, and nothing herein shall be deemed to create, a contract of
employment between the Company and Executive. This Exhibit may be changed only by a written agreement executed by the Company and Executive. 
  

	 	15.	Severability. 

 In the event any one or more of the
provisions of this Exhibit shall be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not be affected thereby. 
  

 A-8 

 Schedule A 
 CERTAIN DEFINITIONS 
 As used in this Exhibit, and unless the context requires a different meaning,
the following terms, when capitalized, have the meaning indicated: 
  

	 	1.	“Act” means the Securities Exchange Act of 1934, as amended. 

  

	 	2.	“Affiliate” shall have the meaning set forth in the Stockholders Agreement. 

  

	 	3.	“Base Salary” means Executive’s annual rate of base salary in effect on the date in question. 

  

	 	4.	“Bonus” means the amount payable to Executive under the Company’s applicable annual bonus plan with respect to a fiscal year of the Company.

  

	 	5.	“Cause” means “cause” as defined in the Management Committee Agreement of which this Schedule A forms a part. 

  

	 	6.	“Change of Control” means the first to occur of any of the following: 

 (i) The acquisition by any individual entity or group, within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other
than the Investor Groups and their Affiliates (the “Permitted Holders”), directly or indirectly, of beneficial ownership of equity securities of the Company representing more than 50% of the voting power of the then-outstanding
equity securities of the Company entitled to vote generally in the election of directors (the “Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following shall not
constitute a Change of Control: (A) any acquisition by the Company or any Sponsor Stockholder, (B) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or (C) any
acquisition by any Person pursuant to a transaction which complies with clauses (A) and (B) of subsection (ii) below; or 
 (ii) The consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the purchase of assets or stock of another entity (a
“Business Combination”), in each case, unless immediately following such Business Combination, (A) all or substantially all of the beneficial owners of the Company Voting Securities immediately prior to such Business
Combination beneficially own more than 50% of the then-outstanding combined voting power of the then-outstanding securities entitled to vote generally in the election of directors of the entity resulting from such Business Combination in
substantially the same proportion (relative to each other) as their ownership immediately prior to such Business Combination of the Company Voting Securities, and (B) no Person (excluding the Permitted Holders) beneficially owns, directly or
indirectly, more than a majority of the combined voting power of the then-outstanding voting securities of such entity except to the extent that such ownership of the Company existed prior to the Business Combination; or 
  

 A-9 

 (iii) A majority of the members of the Company’s Board of Directors are replaced
during any 12-month period by directors whose appointment or election is not endorsed by a majority of the current members of the Company’s Board of Directors before such replacement or is not contemplated by the Stockholders Agreement as in
effect on the date hereof. 
 Notwithstanding paragraphs (i) through (iii) above, in no event will a Change of Control be deemed to
occur if the Permitted Holders maintain a direct or indirect Controlling Interest in the Company. A “Controlling Interest” in an entity shall mean beneficial ownership of more than 50% of the voting power of the outstanding equity
securities of the entity. 
  

	 	7.	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	8.	“Company” means ARAMARK Corporation or any of its parents and any successor or successors thereto. 

  

	 	9.	“Good Reason” means any of the following actions on or after a Change of Control, without Executive’s express prior written approval, other than due to
Executive’s Permanent Disability or death: 

  

	 	(a)	any decrease in Base Salary or Target Bonus; 

  

	 	(b)	any decrease in Executive’s pension benefit opportunities or any material diminution in the aggregate employee benefits, in each case, afforded to the Executive immediately
prior to the Change of Control, but not including any such decrease or diminution that is inadvertent and that is cured within 30 days following written notice of such decrease or diminution by Executive to the Company; 

  

	 	(c)	any diminution in Executive’s title or reporting relationship, or substantial diminution in duties or responsibilities (other than solely as a result of a Change of Control in
which the Company immediately thereafter is no longer publicly held); or 

  

	 	(d)	any relocation of Executive’s principal place of business of 35 miles or more, other than normal travel consistent with past practice. 

    Executive shall have twelve months from the time Executive first becomes aware of the existence of Good Reason to resign
for Good Reason. 
 The Executive must provide notice to the Company of the existence of the condition described above within a period not to
exceed 90 days of the initial existence of the condition, upon the notice of which the Company shall have a period of 30 days during which it may remedy the condition and not be required to pay the amount. 
  

	 	10.	 “Permanent Disability” means “permanent disability” as defined in the Company’s long-term disability plan as in effect from time to
time, or if there 

  

 A-10 

	 	 
shall be no plan, the inability of Executive to perform in all material respects Executive’s duties and responsibilities to the Company or any affiliate
for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period by reason of a physical or mental incapacity. 

  

	 	11.	“Permitted Holder” shall have the same meaning as set forth in the Stockholders Agreement. 

  

	 	12.	“Target Bonus” means the target Bonus established for Executive in respect of any given year, whether expressed as a percentage of Base Salary or a dollar amount.

  

 A-11 

 Schedule 1 
 to Exhibit 10.1 
 Management Committee Members who are parties to Agreement Relation to

 Employment and Post Employment Competition 
  

					
	 Name
	 	  	 	 Number of Months of Severance as of
7/18/07

	 L. Frederick Sutherland
	 		 	18
	 Andrew C. Kerin
	 		 	18
	 Bart J. Colli
	 		 	18
	 Lynn B. McKee
	 		 	18
	 Ravi Saligram
	 		 	15
	 Thomas J. Vozzo
	 		 	18

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