0001144204-07-030153 Sample Contracts

SUBSEQUENT TRANSFER INSTRUMENT
Subsequent Transfer Instrument • June 4th, 2007 • Impac Secured Assets Trust 2007-3 • Asset-backed securities • New York

Pursuant to this Subsequent Transfer Instrument, dated May 18, 2007 (the “Instrument”), between Impac Secured Assets Corp. as seller (the “Company”), and Deutsche Bank National Trust Company (“DBNTC”) as Trustee (the “Trustee”), and pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2007 (the “Agreement”), among Impac Secured Assets Corp., Impac Funding Corporation and the Trustee, the Company and the Trustee agree to the sale by the Company and the purchase by the Trustee of the Subsequent Mortgage Loans on the attached Schedule 1 of Mortgage Loans (the “Subsequent Mortgage Loans”).

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