Common use of CURRENT FUNDING SHARE PERCENTAGE Clause in Contracts

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE"), the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, draws and Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment DateRELEVANT ASSIGNMENT DATE") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- : A + E ----- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution the Seller assigns New Mortgage Loans to the Mortgages Trustee to increase the Funding Share of the Trust PropertyTrustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution DateRELEVANT FUNDING CONTRIBUTION DATE") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- A + E + F --------- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date and the date when the Mortgages Trust terminates (in each case the "Relevant Distribution Date"RELEVANT DISTRIBUTION DATE), the "Current Funding Share Percentage" CURRENT FUNDING SHARE PERCENTAGE will be calculated by the Cash Manager recalculated and will, in respect of the then-current Trust Calculation Period or related Interim Calculation Periodeach case, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five three decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 G where, : A = the Current Funding Share as calculated (a) on at the later of the immediately preceding Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Dateor, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date); B = the amount of any Principal Receipts to be distributed to Funding on such that Relevant Distribution Date as calculated on the immediately preceding Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during in the Trust Calculation Period immediately preceding such Relevant Distribution Date Period and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage);) in the Distribution Period immediately preceding the Relevant Distribution Date and the amount of any reductions occurring in respect of the Loans as described in paragraph (a) of Clause 8.4 below allocated to Funding in the Distribution Period immediately preceding the Relevant Distribution Date; D = an amount equal to any consideration (excluding Deferred Consideration) to be paid by Funding to the Seller in relation to any New Loans to be assigned to the Mortgages Trustee on the Relevant Distribution Date; E = an amount equal to any consideration (excluding Deferred Consideration) to be paid by Funding to the Seller in relation to any acquisition by Funding from the Seller on the Relevant Distribution Date of an interest in the Trust Property; F = an amount equal to the portion of any Capitalised Interest, Capitalised Expenses, Capitalised Arrears accrued on the Loans or a Borrower making drawings under Flexible Loans in the Distribution Period immediately preceding the Relevant Distribution Date which is allocated to the Funding Share in accordance with Clause 5.1 less the amount of any payment to be made by Seller to Funding pursuant to Clauses 5.2 or 5.3 as the case may be, in respect of such portion of Capitalised Interest, Capitalised Expenses Capitalised Arrears and/or additional drawings under Flexible Loans; G = an amount equal to any payment to be received by Funding from the Seller in relation to any acquisition by the Seller from Funding on such Distribution Date of an interest in the Trust Property pursuant to an offer under Clause 6.1; and (i) any distribution distributions of Principal Receipts to be made on that Distribution Date to Funding and the Seller and to Funding, as calculated on the immediately preceding Distribution Date; (ii) the amount of any Losses allocated to Funding and the Seller and to Funding, Seller; (iii) any increase in the Loan balances due to Capitalised Interest, Capitalised Expenses and Capitalised Arrears or Borrowers taking Payment Holidays making Underpayments or additional drawings under Flexible Loans; (iv) the adjustments referred to in paragraphs (a8.4(a) through (e) of Clause 8.5 (Adjustments to Trust Property8.4(e) (inclusive) belowbelow (or if the Seller Share is zero, the adjustments referred to in paragraph (a) only); and (ivv) the amount of any other additions or subtractions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsPeriod. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE"), or at such time as the Mortgages Trust terminates, the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- --------- x 100 G where, A = the Current Funding Share as calculated (a) on the later latter of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); ; G = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the last day of the Trust Calculation Period immediately preceding such Relevant Distribution Date or, if applicable, on the relevant Assignment Date or Funding Contribution Date, after making the distributions, allocations and additions referred to in (B), (C) and (D) above and after taking account of (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, draws and Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment DateRELEVANT ASSIGNMENT DATE") in respect of the related Interim Calculation Period, for the purposes sole purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to FundingDate, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- ----- x 100 H G where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H G = the sum of (a) the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus (b) the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date Date, and (after making the distributions, allocations and additions on that preceding Distribution Date), plus c) the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsDate. (c) If during any Trust Calculation Period Funding pays a Further Contribution the Seller assigns New Mortgage Loans to the Mortgages Trustee to increase the Funding Share of the Trust PropertyTrustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution DateRELEVANT FUNDING CONTRIBUTION DATE") in respect of the related Interim Calculation Period, for the purposes sole purpose of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F : A+ F ----- x 100 J G where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J G = the sum of (a) the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus and (b) the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date and the date when the Mortgages Trust terminates (in each case the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five three decimal places (rounded upwards)), equal to: A-B-C+D ------- x A - B - C + D + E + F --------------------- X 100 G where, : A = the Current Funding Share as calculated (a) on at the later of the immediately preceding Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Dateor, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date); B = the amount of any Principal Receipts distributed to Funding on such that Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during in the Trust Calculation Period immediately preceding such Relevant period from the last Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage) in the Distribution Period ending on the Relevant Distribution Date; D = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any New Loans assigned to the Mortgages Trustee on the Relevant Distribution Date; E = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any acquisition by Funding from the Seller on the Relevant Distribution Date of an interest in the Trust Property; F = an amount equal to the portion of any Capitalised Interest accrued on the Loans in the Distribution Period ending on the Relevant Distribution Date which is allocated to the Funding Share in accordance with Clause 5.1 less the amount of any payment made by Seller to Funding pursuant to Clauses 5.2 or 5.3 as the case may be, in respect of such portion of Capitalised Interest; and G = the amount of the Retained Principal Receipts (if any) plus the aggregate Outstanding Principal Balance of all the Loans constituting the Trust Property as at the Relevant Distribution Date after making the distributions, allocations and additions referred to in (B); , (C), (D), (E) and (F) above, and after taking account of (i) any distribution distributions of Principal Receipts to Funding and the Seller and to Funding, Seller; (ii) the amount of any Losses allocated to Funding and the Seller and to Funding, Seller; (iii) any increase in the Loan balances due to Borrowers taking Payment Holidays or making Underpayments under Flexible Loans; (iv) the adjustments referred to in paragraphs (a8.4(a) through (e) of Clause 8.5 (Adjustments to Trust Property8.4(e) (inclusive) below; and (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions subtractions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage LoansProperty. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (aA) On each Distribution Date (the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 ------- G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) A through (e) E of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Current Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Current Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage);; and (i) any distribution of Principal Receipts to the Seller Seller, Funding and to FundingFunding 2, (ii) the amount of any Losses or Capitalised Arrears allocated to the Seller Seller, Funding and to FundingFunding 2, (iii) the adjustments referred to in paragraphs (a) A through (e) E of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase purchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans Mortgage Loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding or Funding 2 during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively respectively, under such Mortgage Loans. (bB) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses Losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H : A+ where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 4.4 (Application by Mortgages Trustee) to pay to the Seller in satisfaction (in part) of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (cC) If during any Trust Calculation Period a Funding Beneficiary pays a Further Contribution (excluding a Deferred Contribution) to the Mortgages Trustee to increase the Funding Share its share of the Trust PropertyProperty or receives from the Mortgages Trustee a Special Distribution (where such Special Distribution is not made on a Distribution Date) in accordance with Clause 11 (Distribution of Principal Receipts), the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses Losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, , A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; I = the amount of the Special Distribution distributed to Funding on such date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts); and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE"), or at such time as the Mortgages Trust terminates, the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D + E + F --------------------- x 100 G where, , A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date in relation to the Funding Share of any New Trust Property assigned to the Mortgages Trustee during such Trust Calculation Period (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans assigned to the Mortgages Trustee during such period); E = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date to increase the Funding Share of the Trust Property (which amount the Mortgages Trustee is required pursuant to Clause 6.3 (Special Distribution) to pay to the Seller as a Beneficiary, thereby reducing the amount of the Seller Share); F = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); ; G = the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the last day of the Trust Calculation Period immediately preceding such Relevant Distribution Date, after making the distributions, allocations and additions referred to in (B), (C), (D), (E) and (F) above and after taking account of (i) the assignment, if any, of New Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date, (ii) any distribution of Principal Receipts to the Seller (including the payment of any Special Distribution to the Seller) and to Funding, (iiiii) the amount of any Losses allocated to the Seller and to Funding, (iiiiv) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, draws and Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (vvi) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment DateRELEVANT ASSIGNMENT DATE") in respect of the related Interim Calculation Period, for the purposes sole purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to FundingDate, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- A + D ----- x 100 H G where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H G = the amount sum of the Mortgages Trustee Retained Principal Receipts (if any), plus a) the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date Date, and (after making the distributions, allocations and additions on that preceding Distribution Date), plus b) the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsDate. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date and the date when the Mortgages Trust terminates (in each case the "Relevant Distribution Date"RELEVANT DISTRIBUTION DATE), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage CURRENT FUNDING SHARE PERCENTAGE will be an amount, expressed as a percentage (calculated to an accuracy of five three decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D + E + F --------------------- x 100 G where, : A = the Current Funding Share as calculated (a) on at the later of the immediately preceding Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Dateor, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date); B = the amount of any Principal Receipts distributed to Funding on such that Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during in the Trust Calculation Period immediately preceding such Relevant period from the last Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage) in the Distribution Period ending on the Relevant Distribution Date; D = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any New Loans assigned to the Mortgages Trustee on the Relevant Distribution Date; E = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any acquisition by Funding from the Seller on the Relevant Distribution Date of an interest in the Trust Property; F = an amount equal to the portion of any Capitalised Interest accrued on the Loans in the Distribution Period ending on the Relevant Distribution Date which is allocated to the Funding Share in accordance with Clause 5.1 less the amount of any payment made by Seller to Funding pursuant to Clauses 5.2 or 5.3 as the case may be, in respect of such portion of Capitalised Interest; and G = the amount of the Retained Principal Receipts (if any) plus the aggregate Outstanding Principal Balance of all the Loans constituting the Trust Property as at the Relevant Distribution Date after making the distributions, allocations and additions referred to in (B); , (C), (D), (E) and (F) above, and after taking account of (i) any distribution distributions of Principal Receipts to Funding and the Seller and to Funding, Seller; (ii) the amount of any Losses allocated to Funding and the Seller and to Funding, Seller; (iii) any increase in the Loan balances due to Borrowers taking Payment Holidays or making Underpayments under Flexible Loans; (iv) the adjustments referred to in paragraphs (a8.4(a) through (e) of Clause 8.5 (Adjustments to Trust Property8.4(e) (inclusive) below; and (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions subtractions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage LoansProperty. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 ======= x100 G where, A = A= the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = B= the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = C= the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = D= an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x === X 100 H where, A = A= the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = E= an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = H= the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 ===== X100 J where, A = A= the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = F= an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = J= the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE"), the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date in relation to the Funding Share of any New Trust Property assigned to the Mortgages Trustee during such Trust Calculation Period (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans assigned to the Mortgages Trustee during such period); E = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date to increase the Funding Share of the Trust Property (which amount the Mortgages Trustee is required pursuant to Clause 6.3 (Special Distribution) to pay to the Seller as a Beneficiary, thereby reducing the amount of the Seller Share); F = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); ; G = the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the last day of the Trust Calculation Period immediately preceding such Relevant Distribution Date, after making the distributions, allocations and additions referred to in (B), (C), (D), (E) and (F) above and after taking account of (i) the assignment, if any, of New Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date, (ii) any distribution of Principal Receipts to the Seller (including the payment of any Special Distribution to the Seller) and to Funding, (iiiii) the amount of any Losses allocated to the Seller and to Funding, (iiiiv) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; and (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, draws and Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment DateRELEVANT ASSIGNMENT DATE") in respect of the related Interim Calculation Period, for the purposes sole purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to FundingDate, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H G = the amount sum of the Mortgages Trustee Retained Principal Receipts (if any), plus a) the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date Date, and (after making the distributions, allocations and additions on that preceding Distribution Date), plus b) the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsDate. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D ------------- x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- A + E ----- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- A + E + F --------- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE"), or at such time as the Mortgages Trust terminates, the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D ------------- x 100 G where, , A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); (i) any distribution of Principal Receipts to the Seller and to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution DateRELEVANT DISTRIBUTION DATE")) or on the date that the Mortgages Trust terminates, the "Current Funding Share PercentageCURRENT FUNDING SHARE PERCENTAGE" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five three decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D + E + F --------------------- x 100 G where, A = the Current Funding Share as calculated (a) on at the later of the immediately preceding Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Dateor, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date); B = the amount of any Principal Receipts distributed to Funding on such that Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) CLAUSE 9 below; C = the amount of any Losses sustained on the Mortgage Loans during in the Trust Calculation Period immediately preceding such Relevant period from the last Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); ) in the Distribution Period ending on the Relevant Distribution Date; D = an amount equal to any consideration (iexcluding Deferred Consideration) any distribution of Principal Receipts paid by Funding to the Seller and in relation to Funding, (ii) the amount of any Losses allocated to the Seller and to Funding, (iii) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage New Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property Trustee on the immediately succeeding Relevant Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution consideration (excluding Deferred Consideration) paid by Funding to the Mortgages Trustee on such Relevant Assignment Date Seller in relation to any acquisition by Funding from the Funding Seller on the Relevant Distribution Date of a portion of the then Current Seller Share of the Trust Property; F = an amount equal to any New Mortgage Loans assigned Capitalised Interest accruing on a loan due to Borrowers taking Payment Holidays and/or making Underpayments since the Mortgages Trustee on such Relevant Assignment last Distribution Date (which less the amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application paid by Mortgages Trustee) to pay to the Seller on the Relevant Distribution Date to acquire an interest in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price Trust Property in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date)accordance with CLAUSE 5 above; and H G = the amount of the Mortgages Trustee Retained aggregate Outstanding Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in constituting the Trust Property as at the Relevant Distribution Date immediately preceding such Relevant Assignment Date including (i) after making the distributions, allocations and additions on that preceding Distribution Datereferred to in (B), plus the aggregate Current Balance of the New Mortgage Loans sold (C), (D), (E) and assigned to the Mortgages Trustee on such Relevant Assignment Date and (F) above, (ii) after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share distributions of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated Principal Receipts to Funding on and the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment DateSeller, the amount of any Initial Contribution paid by Losses allocated to Funding to and the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, Seller and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in any other additions or subtractions to the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date and (ii) after making the distributions, allocations and additions on that preceding Distribution Dateadjustments referred to paragraphs (a) plus the aggregate Current Balance to (e) (inclusive) of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsCLAUSE 8.4 below.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date (the "Relevant Distribution Date"), or at such time as the Mortgages Trust terminates, the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D + E + F --------------------- x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date in relation to the Funding Share of any New Trust Property assigned to the Mortgages Trustee during such Trust Calculation Period (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans assigned to the Mortgages Trustee during such period); E = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date to increase the Funding Share of the Trust Property (which amount the Mortgages Trustee is required pursuant to Clause 6.3 (Special Distribution) to pay to the Seller as a Beneficiary, thereby reducing the amount of the Seller Share); F = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage); ; G = the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the last day of the Trust Calculation Period immediately preceding such Relevant Distribution Date, after making the distributions, allocations and additions referred to in (B), (C), (D), (E) and (F) above and after taking account of (i) the assignment, if any, of New Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date, (ii) any distribution of Principal Receipts to the Seller (including the payment of any Special Distribution to the Seller) and to Funding, (iiiii) the amount of any Losses allocated to the Seller and to Funding, (iiiiv) the adjustments referred to in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below; (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, draws and Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (vvi) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage Loans. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes sole purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to FundingDate, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- A + D ----- x 100 H G where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E D = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H G = the amount sum of the Mortgages Trustee Retained Principal Receipts (if any), plus a) the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date Date, and (after making the distributions, allocations and additions on that preceding Distribution Date), plus b) the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation AdjustmentsDate. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (a) On each Distribution Date and the date when the Mortgages Trust terminates (in each case the "Relevant Distribution Date"RELEVANT DISTRIBUTION DATE), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage CURRENT FUNDING SHARE PERCENTAGE will be an amount, expressed as a percentage (calculated to an accuracy of five three decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B - C + D + E + F _____________________ x 100 G where, : A = the Current Funding Share as calculated (a) on at the later of the immediately preceding Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Dateor, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date); B = the amount of any Principal Receipts distributed to Funding on such that Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during in the Trust Calculation Period immediately preceding such Relevant period from the last Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage) in the Distribution Period ending on the Relevant Distribution Date; D = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any New Loans assigned to the Mortgages Trustee on the Relevant Distribution Date; E = an amount equal to any consideration (excluding Deferred Consideration) paid by Funding to the Seller in relation to any acquisition by Funding from the Seller on the Relevant Distribution Date of an interest in the Trust Property; F = an amount equal to the portion of any Capitalised Interest accrued on the Loans in the Distribution Period ending on the Relevant Distribution Date which is allocated to the Funding Share in accordance with Clause 5.1 less the amount of any payment made by Seller to Funding pursuant to Clauses 5.2 or 5.3 as the case may be, in respect of such portion of Capitalised Interest; and G = the amount of the Retained Principal Receipts (if any) plus the aggregate Outstanding Principal Balance of all the Loans constituting the Trust Property as at the Relevant Distribution Date after making the distributions, allocations and additions referred to in (B); , (C), (D), (E) and (F) above, and after taking account of (i) any distribution distributions of Principal Receipts to Funding and the Seller and to Funding, Seller; (ii) the amount of any Losses allocated to Funding and the Seller and to Funding, Seller; (iii) any increase in the Loan balances due to Borrowers taking Payment Holidays or making Underpayments under Flexible Loans; (iv) the adjustments referred to in paragraphs (a8.4(a) through (e) of Clause 8.5 (Adjustments to Trust Property8.4(e) (inclusive) below; and (ivv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions subtractions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively under such Mortgage LoansProperty. (b) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 (Application by Mortgages Trustee) to pay to the Seller in satisfaction of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (c) If during any Trust Calculation Period Funding pays a Further Contribution to the Mortgages Trustee to increase the Funding Share of the Trust Property, the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.

CURRENT FUNDING SHARE PERCENTAGE. (aA) On each Distribution Date (the "Relevant Distribution Date"), the "Current Funding Share Percentage" will be calculated by the Cash Manager in respect of the then-current Trust Calculation Period or related Interim Calculation Period, as applicable, for the purpose of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A-B-C+D ------- A - B -C + D ------------ x 100 G where, A = the Current Funding Share as calculated (a) on the later of the Distribution Date, the Assignment Date or Funding Contribution Date (if any) immediately preceding such Relevant Distribution Date, or (b) in the case of the first Distribution Date, the Initial Funding Share as at the Initial Closing Date; B = the amount of any Principal Receipts distributed to Funding on such Relevant Distribution Date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts) below; C = the amount of any Losses sustained on the Mortgage Loans during the Trust Calculation Period immediately preceding such Relevant Distribution Date and the amount of any reductions occurring in respect of the Mortgage Loans as described in paragraphs paragraph (a) through (eA) of Clause 8.5 (Adjustments to Trust Property) (inclusive) below which have been allocated to Funding in the Trust Calculation Period ending on the Relevant Distribution Date (based on (a) the Current Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date (provided that the Seller had not sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had not paid a Further Contribution to the Mortgages Trustee in the Trust Calculation Period immediately preceding such Relevant Distribution Date), or (b) to the extent that the Seller had sold and assigned New Mortgage Loans to the Mortgages Trustee or that Funding had paid a Further Contribution to the Mortgages Trustee during the Trust Calculation Period immediately preceding such Relevant Distribution Date, the Weighted Average Funding Share Percentage (as defined below) thereof calculated on such Relevant Distribution Date prior to the distribution to be made on such Relevant Distribution Date, or (c) in the case of the first Distribution Date, the Initial Funding Share Percentage); D = an amount equal to any Capitalised Arrears which have been allocated to Funding during the Trust Calculation Period immediately preceding such Relevant Distribution Date (based on the Current Funding Share Percentage thereof calculated on the Distribution Date immediately preceding such Relevant Distribution Date or, in the case of the first Distribution Date, the Initial Funding Share Percentage);; and (i) any distribution of Principal Receipts to the Seller Seller, Funding and to FundingFunding 2, (ii) the amount of any Losses or Capitalised Arrears allocated to the Seller Seller, Funding and to FundingFunding 2, (iii) the adjustments referred to in paragraphs (aA) through (eE) of Clause 8.5 (Adjustments to Trust Property) (inclusive) belowbelow (or, if the Seller Share is zero, the adjustments referred to in paragraph (A) only); (iv) the amount of any other additions to or removals from the Trust Property during such Trust Calculation Period, including without limitation, any additions to the Trust Property resulting from Cash Re-draws, Non-Cash Redraws and Further Draws by Borrowers under Flexible Mortgage Loans which are in the Trust Property or (if the Seller subsequently elects not to repurchase purchase Mortgage Loans which are the subject of Further Advances from the Mortgages Trustee) Further Advances sold and assigned by the Seller; but excluding the addition of mortgage loans Mortgage Loans on an Assignment Date and any Initial Contribution or Further Contribution made by Funding or Funding 2 during such Trust Calculation Period and (v) any reduction in the outstanding principal balances of Together Connections Mortgage Loans and Connections Mortgage Loans resulting from Borrowers being allocated a portion of the related Together Connections Benefit and Connections Benefit, respectively respectively, under such Mortgage Loans. (bB) If during any Trust Calculation Period the Seller sells and assigns New Mortgage Loans to the Mortgages Trustee, the Cash Manager will recalculate the Current Funding Share Percentage on each such Assignment Date which is not also a Funding Contribution Date (the "Relevant Assignment Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property on the immediately succeeding Distribution Date and determining the amount of losses Losses to be allocated to Funding, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E --- A + E ----- x 100 H where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Assignment Date; E = an amount equal to any Initial Contribution paid by Funding to the Mortgages Trustee on such Relevant Assignment Date in relation to the Funding Share of any New Mortgage Loans assigned to the Mortgages Trustee on such Relevant Assignment Date (which amount the Mortgages Trustee is required pursuant to Clause 4.3 4.4 (Application by Mortgages Trustee) to pay to the Seller in satisfaction (in part) of the Mortgages Trustee's obligation to pay to the Seller the Initial Purchase Price in respect of New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date); and H = the amount of the Mortgages Trustee Retained Principal Receipts (if any), plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Assignment Date (after making the distributions, allocations and additions on that preceding Distribution Date), plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on such Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments. (cC) If during any Trust Calculation Period a Funding Beneficiary pays a Further Contribution (excluding a Deferred Contribution) to the Mortgages Trustee to increase the Funding Share its share of the Trust PropertyProperty or receives from the Mortgages Trustee a Special Distribution (where such Special Distribution is not made on a Distribution Date) in accordance with Clause 11 (Distribution of Principal Receipts), the Cash Manager will recalculate the Current Funding Share Percentage on each such Funding Contribution Date (the "Relevant Funding Contribution Date") in respect of the related Interim Calculation Period, for the purposes of calculating the distributions to be made from the Trust Property and determining the amount of losses Losses to be allocated to Funding on the immediately succeeding Distribution Date, and such Current Funding Share Percentage will be an amount, expressed as a percentage (calculated to an accuracy of five decimal places (rounded upwards)), equal to: A+E+F ----- A + E + F - I ------------- x 100 J where, A = the Current Funding Share as calculated on the Distribution Date immediately preceding such Relevant Funding Contribution Date; (1) if that Relevant Funding Contribution Date is also an Assignment Date, the amount of any Initial Contribution paid by Funding to the Mortgages Trustee on that Funding Contribution Date in respect of the Funding Share of any New Trust Property, and (2) in all other cases, zero; F = an amount equal to any Further Contribution paid by Funding to the Mortgages Trustee on such Relevant Funding Contribution Date to increase Funding's beneficial interest in the Trust Property; I = the amount of the Special Distribution distributed to Funding on such date in accordance with the provisions described in Clause 11 (Distribution of Principal Receipts); and J = the amount of the Mortgages Trustee Retained Principal Receipts (if any) plus the aggregate Current Balance of all the Mortgage Loans in the Trust Property as at the Distribution Date immediately preceding such Relevant Funding Contribution Date (after making the distributions, allocations and additions on that preceding Distribution Date) plus the aggregate Current Balance of the New Mortgage Loans sold and assigned to the Mortgages Trustee on that Relevant Assignment Date and after taking account of Trust Property Calculation Adjustments.