Common use of Allocation of Modification Loss Amounts to the Reference Tranches Clause in Contracts

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Class 1B-2H 2B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H 2B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B-1 Reference Tranche is equal to the Class 1B-1 2B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C 2M-2C Reference Tranche is equal to the Class 1M- 2M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M-2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A 2M-2A Reference Tranche is equal to the Class 1M-2A 2M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 2M-1 Reference Tranche is equal to the Class 1M-1 2M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-12B-1, Class 1M-2C2M-2C, Class 1M-2B2M-2B, Class 1M-2A 2M-2A or Class 1M-1 2M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1B Reference Tranche is equal to the Class 1B-1 1B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches for such Payment Date,; (viii) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixththird, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B 1M- 2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount,; (viiiv) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninthfifth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date,; (xivii) eleventhseventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, ; and (xiiviii) twelftheighth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i), (iii), (iv) or (vii) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1M-1, Class 1M-2A, Class 1M-2B or Class 1B Notes, as applicable (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date). Any amounts allocated to the Class 1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(ii), (v), (vi)) or (viii) above will be included in the calculation of the Principal Loss Amount. If any RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(iii) or (vii), oriv) above on any Payment Date to the related Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B Reference Tranche is equal to the Class 1B-1 2B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches for such Payment Date,; (viii) fifththird, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M- 2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A 2M-2A Reference Tranche is equal to the Class 1M-2A 2M-2A Notes Interest Accrual Amount,; (viiiv) eighthfifth, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches for such Payment Date,; (xivii) eleventhseventh, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 2M-1 Reference Tranche is equal to the Class 1M-1 2M-1 Notes Interest Accrual Amount, ; and (xiiviii) twelftheighth, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-12B, Class 1M-2C2M-2B, Class 1M-2B, Class 1M-2A 2M-2A or Class 1M-1 2M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i), (iii), (iv) or (vii) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2M-1, Class 2M-2A, Class 2M-2B or Class 2B Notes, as applicable (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date). Any amounts allocated to the Class 2B, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii), (v), (vi)) or (viii) above will be included in the calculation of the Principal Loss Amount. If any RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(iii) or (vii), oriv) above on any Payment Date to the related Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Class 1B-2H 2B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H 2B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B-1 Reference Tranche is equal to the Class 1B-1 2B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C 2M-2C Reference Tranche is equal to the Class 1M- 2M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M-2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Loan Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1B Reference Tranche is equal to the Class 1B-1 1B Notes Interest Accrual Amount,; (ivB) fourthsecond, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches for such Payment Date,; (vC) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixththird, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount,; (viiD) seventhfourth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount,; (viiiE) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninthfifth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date,; (xF) tenthsixth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date,; (xiG) eleventhseventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, ; and (xiiH) twelftheighth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(A), (vC), (viD) or (G) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1M-1, Class 1M-2A, Class 1M-2B or Class 1B Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 1 RCR Notes for such Payment Date). Any amounts allocated to the Class 1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(i)(B), (viiE), or(F) or (H) above will be included in the calculation of the Principal Loss Amount for Loan Group 1. If any Group 1 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(i)(C) or (D) above on any Payment Date to the related Group 1 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 1 RCR Notes in accordance with the exchange proportions applicable to the related Combination. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Loan Group 2. On each Payment Date on or prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B and Class 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2B Reference Tranche is equal to the Class 2B Notes Interest Accrual Amount; (B) second, to the Class 2B and Class 2B-H Reference Tranches, pro rata, based on their preliminary Class Notional Amounts for such Payment Date, until the amount allocated to the Class 2B and Class 2B-H Reference Tranches is equal to the Preliminary Class Notional Amounts of the Class 2B and Class 2B-H Reference Tranches for such Payment Date; (C) third, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2B Reference Tranche is equal to the Class 2M-2B Notes Interest Accrual Amount; (D) fourth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2A Reference Tranche is equal to the Class 2M-2A Notes Interest Accrual Amount; (E) fifth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2B and Class 2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2B and Class 2M-BH Reference Tranches for such Payment Date; (F) sixth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2A and Class 2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2A and Class 2M-AH Reference Tranches for such Payment Date; (G) seventh, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-1 Reference Tranche is equal to the Class 2M-1 Notes Interest Accrual Amount; and (H) eighth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-1 and Class 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-1 and Class 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 2B, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(A), (C), (D) or (G) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2M-1, Class 2M-2A, Class 2M-2B or Class 2B Notes, as applicable (without regard to any exchanges of Group 2 Exchangeable Notes for Group 2 RCR Notes for such Payment Date). Any amounts allocated to the Class 2B, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(B), (E), (F) or (H) above will be included in the calculation of the Principal Loss Amount for Loan Group 2. If any Group 2 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(ii)(C) or (D) above on any Payment Date to the related Group 2 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 2 RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Class 1B-2H 2B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H 2B-2H Reference Tranche, until the amount allocated to the Class 1B-2H 2B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H 2B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B-1 Reference Tranche is equal to the Class 1B-1 2B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B-1 and Class 1B-1H 2B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C 2M-2C Reference Tranche is equal to the Class 1M- 2M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M- 2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A 2M-2A Reference Tranche is equal to the Class 1M-2A 2M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C 2M-2C and Class 1M2M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 2M-1 Reference Tranche is equal to the Class 1M-1 2M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-12B-1, Class 1M-2C2M-2C, Class 1M-2B2M-2B, Class 1M-2A 2M-2A or Class 1M-1 2M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (iiB) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iiiC) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (ivD) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (vE) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C 1M-2C Notes Interest Accrual Amount, (viF) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (viiG) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viiiH) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ixI) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (xJ) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xiK) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xiiL) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(C), (vE), (viF), (viiG), oror (K) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 1 RCR Notes for such Payment Date). Any amounts allocated to the Class 1B-2H, Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(i)(B), (D), (H), (I), (J) or (L) above will be included in the calculation of the Principal Loss Amount for Loan Group 1. If any Group 1 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(i)(E), (F) or (G) above on any Payment Date to the related Group 1 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 1 RCR Notes in accordance with the exchange proportions applicable to the related Combination. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Group 2. On each Payment Date on or prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B-2H Reference Tranche, until the amount allocated to the Class 2B-2H Reference Tranche is equal to the Class 2B-2H Reference Tranche Interest Accrual Amount, (B) second, to the Class 2B-2H Reference Tranche, until the amount allocated to the Class 2B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 2B-2H Reference Tranche for such Payment Date; (C) third, to the Class 2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2B-1 Reference Tranche is equal to the Class 2B-1 Notes Interest Accrual Amount, (D) fourth, to the Class 2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2B-1 and Class 2B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2B-1 and Class 2B-1H Reference Tranches for such Payment Date, (E) fifth, to the Class 2M-2C and Class 2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2C Reference Tranche is equal to the Class 2M-2C Notes Interest Accrual Amount, (F) sixth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2B Reference Tranche is equal to the Class 2M-2B Notes Interest Accrual Amount, (G) seventh, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2A Reference Tranche is equal to the Class 2M-2A Notes Interest Accrual Amount, (H) eighth, to the Class 2M-2C and Class 2M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2C and Class 2M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2C and Class 2M-CH Reference Tranches for such Payment Date, (I) ninth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2B and Class 2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2B and Class 2M-BH Reference Tranches for such Payment Date, (J) tenth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2A and Class 2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2A and Class 2M-AH Reference Tranches for such Payment Date, (K) eleventh, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-1 Reference Tranche is equal to the Class 2M-1 Notes Interest Accrual Amount, and (L) twelfth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-1 and Class 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-1 and Class 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(C), (E), (F), (G), or (K) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 2 RCR Notes for such Payment Date). Any amounts allocated to the Class 2B-2H, Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(B), (D), (H), (I), (J) or (L) above will be included in the calculation of the Principal Loss Amount for Loan Group 2. If any Group 2 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(ii)(E), (F) or (G) above on any Payment Date to the related Group 2 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 2 RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Loan Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H 1B-H Reference Tranche, Tranche until the amount allocated to the Class 1B-2H 1B-H Reference Tranche is equal to the Class 1B-2H 1B-H Reference Tranche Interest Accrual Amount,; (iiB) second, to the Class 1B-2H 1B-H Reference Tranche, Tranche until the amount allocated to the Class 1B-2H 1B-H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H 1B-H Reference Tranche for such Payment Date; (iiiC) third, to the Class 1B-1 1M-2 and Class 1B-1H 1M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1M-2 Reference Tranche is equal to the Class 1B-1 1M-2 Notes Interest Accrual Amount,; (ivD) fourth, to the Class 1B-1 1M-2 and Class 1B-1H 1M-2H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1M-2 and Class 1B-1H 1M-2H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1M-2 and Class 1B-1H 1M-2H Reference Tranches for such Payment Date,; (vE) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (vii) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, ; and (xiiF) twelfthsixth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-11M-1 or Class 1M-2 Reference Tranches in Sections 3.03(f)(i)(C) and (E) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1M-1 or Class 1M-2 Notes, as applicable Any amounts allocated to the Class 1B-H, Class 1M-2C, Class 1M-2B, Class 1M-2A 1M-2 or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(B), (vD) and (F) above will be included in clause (d) of the definition of Principal Loss Amount for Loan Group 1. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Loan Group 2. On each Payment Date prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B-H Reference Tranche until the amount allocated to the Class 2B-H Reference Tranche is equal to the Class 2B-H Reference Tranche Interest Accrual Amount; (B) second, to the Class 2B-H Reference Tranche until the amount allocated to the Class 2B-H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 2B-H Reference Tranche for such Payment Date; (C) third, to the Class 2M-2 and Class 2M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2 Reference Tranche is equal to the Class 2M-2 Notes Interest Accrual Amount; (D) fourth, to the Class 2M-2 and Class 2M-2H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2 and Class 2M-2H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2 and Class 2M-2H Reference Tranches for such Payment Date; (E) fifth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-1 Reference Tranche is equal to the Class 2M-1 Notes Interest Accrual Amount; and (F) sixth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-1 and Class 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-1 and Class 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 2M-1 or Class 2M-2 Reference Tranches in Sections 3.03(f)(ii)(C) and (E) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2M-1 or Class 2M-2 Notes, as applicable. Any amounts allocated to the Class 2B-H, Class 2M-2 or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(B), (vi), D) and (vii), orF) above will be included in clause (d) of the definition of Principal Loss Amount for Loan Group 2.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (iv) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (v) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount,1M- (vii) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viii) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (x) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1B Reference Tranche is equal to the Class 1B-1 1B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches for such Payment Date,; (viii) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixththird, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B 1M- 2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount,; (viiiv) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninthfifth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or;

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Loan Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1B Reference Tranche is equal to the Class 1B-1 1B Notes Interest Accrual Amount,; (ivB) fourthsecond, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches for such Payment Date,; (vC) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixththird, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount,; (viiD) seventhfourth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount,; (viiiE) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninthfifth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date,; (xF) tenthsixth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date,; (xiG) eleventhseventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, ; and (xiiH) twelftheighth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(A), (vC), (viD) or (G) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1M-1, Class 1M-2A, Class 1M-2B or Class 1B Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 1 RCR Notes for such Payment Date). Any amounts allocated to the Class 1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(i)(B), (viiE), or(F) or (H) above will be included in the calculation of the Principal Loss Amount for Loan Group 1. If any Group 1 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(i)(C) or (D) above on any Payment Date to the related Group 1 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 1 RCR Notes in accordance with the exchange proportions applicable to the related Combination. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Loan Group 2. On each Payment Date prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B-H Reference Tranche until the amount allocated to the Class 2B-H Reference Tranche is equal to the Class 2B-H Reference Tranche Interest Accrual Amount; (B) second, to the Class 2B-H Reference Tranche until the amount allocated to the Class 2B-H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 2B-H Reference Tranche for such Payment Date; (C) third, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2B Reference Tranche is equal to the Class 2M-2B Notes Interest Accrual Amount; (D) fourth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2A Reference Tranche is equal to the Class 2M-2A Notes Interest Accrual Amount; (E) fifth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2B and Class 2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2B and Class 2M-BH Reference Tranches for such Payment Date; (F) sixth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2A and Class 2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2A and Class 2M-AH Reference Tranches for such Payment Date; (G) seventh, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-1 Reference Tranche is equal to the Class 2M-1 Notes Interest Accrual Amount; and (H) eighth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-1 and Class 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-1 and Class 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(C), (D) or (G) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2M-1, Class 2M-2A or Class 2M-2B Notes, as applicable (without regard to any exchanges of Group 2 Exchangeable Notes for Group 2 RCR Notes for such Payment Date). Any amounts allocated to the Class 2B-H, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(B), (E), (F) or (H) above will be included in the calculation of the Principal Loss Amount for Loan Group 2. If any Group 2 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(ii)(C) or (D) above on any Payment Date to the related Group 2 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 2 RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (iiB) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iiiC) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (ivD) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (vE) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (viF) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (viiG) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viiiH) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ixI) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (xJ) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xiK) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xiiL) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(C), (vE), (viF), (viiG), oror (K) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 1 RCR Notes for such Payment Date). Any amounts allocated to the Class 1B-2H, Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(i)(B), (D), (H), (I), (J) or (L) above will be included in the calculation of the Principal Loss Amount for Loan Group 1. If any Group 1 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(i)(E), (F) or (G) above on any Payment Date to the related Group 1 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 1 RCR Notes in accordance with the exchange proportions applicable to the related Combination. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Group 2. On each Payment Date on or prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B-2H Reference Tranche, until the amount allocated to the Class 2B-2H Reference Tranche is equal to the Class 2B-2H Reference Tranche Interest Accrual Amount,

Allocation of Modification Loss Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 1 will be computed prior to the allocation of the Modification Loss AmountAmount with respect to Group 1. On each Payment Date on or prior to the Group 1 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 1 will be allocated in the following order of priority: (iA) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (iiB) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iiiC) third, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 Reference Tranche is equal to the Class 1B-1 Notes Interest Accrual Amount, (ivD) fourth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 and Class 1B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 and Class 1B-1H Reference Tranches for such Payment Date, (vE) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C 1M-2C Notes Interest Accrual Amount, (viF) sixth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B Notes Interest Accrual Amount, (viiG) seventh, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount, (viiiH) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ixI) ninth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date, (xJ) tenth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date, (xiK) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xiiL) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i)(C), (vE), (viF), (viiG), oror (K) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 1 RCR Notes for such Payment Date). Any amounts allocated to the Class 1B-2H, Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(i)(B), (D), (H), (I), (J) or (L) above will be included in the calculation of the Principal Loss Amount for Loan Group 1. If any Group 1 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(i)(E), (F) or (G) above on any Payment Date to the related Group 1 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 1 RCR Notes in accordance with the exchange proportions applicable to the related Combination. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount for Group 2 will be computed prior to the allocation of the Modification Loss Amount with respect to Group 2. On each Payment Date on or prior to the Group 2 Termination Date, the Modification Loss Amount, if any, for such Payment Date and Loan Group 2 will be allocated in the following order of priority: (A) first, to the Class 2B-2H Reference Tranche, until the amount allocated to the Class 2B-2H Reference Tranche is equal to the Class 2B-2H Reference Tranche Interest Accrual Amount, (B) second, to the Class 2B-2H Reference Tranche, until the amount allocated to the Class 2B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 2B-2H Reference Tranche for such Payment Date; (C) third, to the Class 2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2B-1 Reference Tranche is equal to the Class 2B-1 Notes Interest Accrual Amount, (D) fourth, to the Class 2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2B-1 and Class 2B-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2B-1 and Class 2B-1H Reference Tranches for such Payment Date, (E) fifth, to the Class 2M-2C and Class 2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2C Reference Tranche is equal to the Class 2M-2C Notes Interest Accrual Amount, (F) sixth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2B Reference Tranche is equal to the Class 2M-2B Notes Interest Accrual Amount, (G) seventh, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 2M-2A Reference Tranche is equal to the Class 2M-2A Notes Interest Accrual Amount, (H) eighth, to the Class 2M-2C and Class 2M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2C and Class 2M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2C and Class 2M-CH Reference Tranches for such Payment Date, (I) ninth, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2B and Class 2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2B and Class 2M-BH Reference Tranches for such Payment Date, (J) tenth, to the Class 2M-2A and Class 2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-2A and Class 2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-2A and Class 2M-AH Reference Tranches for such Payment Date, (K) eleventh, to the Class 2M-1 and Class 2M-1H Reference Tranches, Payment Date, until the amount allocated to the Class 2M-1 Reference Tranche is equal to the Class 2M-1 Notes Interest Accrual Amount, and (L) twelfth, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 2M-1 and Class 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 2M-1 and Class 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(C), (E), (F), (G), or (K) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Notes, as applicable (without regard to any exchanges of Group 1 Exchangeable Notes for Group 2 RCR Notes for such Payment Date). Any amounts allocated to the Class 2B-2H, Class 2B-1, Class 2M-2C, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii)(B), (D), (H), (I), (J) or (L) above will be included in the calculation of the Principal Loss Amount for Loan Group 2. If any Group 2 RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(ii)(E), (F) or (G) above on any Payment Date to the related Group 2 Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable Group 2 RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B Reference Tranche is equal to the Class 1B-1 2B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches for such Payment Date,; (viii) fifththird, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M-2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A 2M-2A Reference Tranche is equal to the Class 1M-2A 2M-2A Notes Interest Accrual Amount,; (viiiv) eighthfifth, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches for such Payment Date,; (xivii) eleventhseventh, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 2M-1 Reference Tranche is equal to the Class 1M-1 2M-1 Notes Interest Accrual Amount, ; and (xiiviii) twelftheighth, to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 2M-1 and Class 1M-1H 2M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-12B, Class 1M-2C2M-2B, Class 1M-2B, Class 1M-2A 2M-2A or Class 1M-1 2M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i), (iii), (iv) or (vii) above will result in a corresponding reduction of the Interest Payment Amount of the Class 2M-1, Class 2M-2A, Class 2M-2B or Class 2B Notes, as applicable (without regard to any exchanges of Exchangeable Notes for RCR Notes for such Payment Date). Any amounts allocated to the Class 2B, Class 2M-2B, Class 2M-2A or Class 2M-1 Reference Tranches in Sections 3.03(f)(ii), (v), (vi)) or (viii) above will be included in the calculation of the Principal Loss Amount. If any RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(iii) or (vii), oriv) above on any Payment Date to the related Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 1B Reference Tranche is equal to the Class 1B-1 1B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 1B and Class 1B-1H 1B-H Reference Tranches for such Payment Date,; (viii) fifth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixththird, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B Reference Tranche is equal to the Class 1M-2B 1M- 2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A Reference Tranche is equal to the Class 1M-2A Notes Interest Accrual Amount,; (viiiv) eighth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninthfifth, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B and Class 1M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B and Class 1M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A and Class 1M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A and Class 1M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A and Class 1M-AH Reference Tranches for such Payment Date,; (xivii) eleventhseventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, ; and (xiiviii) twelftheighth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii3.03(f)(i), (iii), (iv) or (vii) above will result in a corresponding reduction of the Interest Payment Amount of the Class 1M-1, Class 1M-2A, Class 1M-2B or Class 1B Notes, as applicable (without regard to any Any amounts allocated to the Class 1B, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(ii), (v), (vi)) or (viii) above will be included in the calculation of the Principal Loss Amount. If any RCR Notes are held by Holders, any Modification Loss Amount that is allocable in Sections 3.03(f)(iii) or (vii), oriv) above on any Payment Date to the related Exchangeable Notes will be allocated to reduce the Interest Payment Amount of the applicable RCR Notes in accordance with the exchange proportions applicable to the related Combination.

Allocation of Modification Loss Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount. On each Payment Date on or prior to the Termination Date, the Modification Loss Amount, if any, for such Payment Date will be allocated in the following order of priority: (i) first, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Class 1B-2H Reference Tranche Interest Accrual Amount, (ii) second, to the Class 1B-2H Reference Tranche, until the amount allocated to the Class 1B-2H Reference Tranche is equal to the Preliminary Class Notional Amount of the Class 1B-2H Reference Tranche for such Payment Date; (iii) third, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1B-1 2B Reference Tranche is equal to the Class 1B-1 2B Notes Interest Accrual Amount,; (ivii) fourthsecond, to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches, pro rata, based on their the Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1B-1 2B and Class 1B-1H 2B-H Reference Tranches for such Payment Date,; (viii) fifththird, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2C Reference Tranche is equal to the Class 1M- 2C Notes Interest Accrual Amount, (vi) sixth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2B 2M-2B Reference Tranche is equal to the Class 1M-2B 2M- 2B Notes Interest Accrual Amount,; (viiiv) seventhfourth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-2A 2M-2A Reference Tranche is equal to the Class 1M-2A 2M-2A Notes Interest Accrual Amount,; (viiiv) eighthfifth, to the Class 1M-2C 2M-2B and Class 1M-CH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2C and Class 1M-CH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2C and Class 1M-CH Reference Tranches for such Payment Date, (ix) ninth, to the Class 1M-2B and Class 1M2M-BH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2B 2M-2B and Class 1M2M-BH Reference Tranches for such Payment Date,; (xvi) tenthsixth, to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-2A 2M-2A and Class 1M2M-AH Reference Tranches for such Payment Date, (xi) eleventh, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, until the amount allocated to the Class 1M-1 Reference Tranche is equal to the Class 1M-1 Notes Interest Accrual Amount, and (xii) twelfth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Preliminary Class Notional Amounts for such Payment Date, until the aggregate amount allocated to the Class 1M-1 and Class 1M-1H Reference Tranches is equal to the aggregate of the Preliminary Class Notional Amounts of the Class 1M-1 and Class 1M-1H Reference Tranches for such Payment Date. Any amounts allocated to the Class 1B-1, Class 1M-2C, Class 1M-2B, Class 1M-2A or Class 1M-1 Reference Tranches in Sections 3.03(f)(iii), (v), (vi), (vii), or;