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0001558370-15-000843 Sample Contracts

PennyMac Financial Services, Inc. 2013 EQUITY INCENTIVE PLAN
Restricted Stock Unit Award Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents

This Agreement is dated as of , 2013, between PennyMac Financial Services, Inc., a corporation organized under the laws of the State of Delaware (the “Company”), and the individual identified in the table below (the “Recipient”).

Standard Contracts

FLOW SERVICING AGREEMENT
Flow Servicing Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • New York

Amendment No. 4 to Second Amended and Restated Flow Servicing Agreement, dated as of March 31, 2015 (the “Amendment”), by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Servicer”), and PennyMac Operating Partnership, L.P., Delaware limited partnership (the “Owner”).

MSR SERVICING AGREEMENT
Master Spread Acquisition and MSR Servicing Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • New York

Amendment No. 1 to Master Spread Acquisition and MSR Servicing Agreement, dated as of March 3, 2015 (the “Amendment”), by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Seller”), PennyMac Operating Partnership, L.P., a Delaware limited partnership (“POP”), and PennyMac Holdings, LLC (“PMH”). POP and PMH are each referred to herein as the “Purchaser”.

MSR SERVICING AGREEMENT
Master Spread Acquisition and MSR Servicing Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • New York

Amendment No. 2 to Master Spread Acquisition and MSR Servicing Agreement, dated as of March 3, 2015 (the “Amendment”), by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Seller”), and PennyMac Holdings, LLC, a Delaware limited liability company (the “Purchaser”).

MSR SERVICING AGREEMENT
Master Spread Acquisition and MSR Servicing Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • New York

Amendment No. 4 to Master Spread Acquisition and MSR Servicing Agreement, dated as of March 3, 2015 (the “Amendment”), by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Seller”), PennyMac Operating Partnership, L.P., a Delaware limited partnership (“POP”), and PennyMac Holdings, LLC (“PMH”). POP and PMH are each referred to herein as the “Purchaser”.

MASTER SPREAD PARTICIPATION AGREEMENT Dated as of March 27, 2015 by and among PENNYMAC LOAN SERVICES, LLC and
Master Spread Participation Agreement • May 8th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • New York

THIS MASTER SPREAD PARTICIPATION AGREEMENT, dated as of March 27, 2015 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), is by and between PENNYMAC LOAN SERVICES, LLC (“Company”) and PENNYMAC LOAN SERVICES, LLC (the “Initial Participant”).