Securitized Asset Backed Receivables LLC Trust 2006-Cb5 Sample Contracts

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Securitized Asset Backed Receivables LLC Trust 2006-Cb5 • July 17th, 2006 • Asset-backed securities

This Annex supplements, forms part of, and is subject to, the above-referenced Agreement, is part of its Schedule and is a Credit Support Document under this Agreement with respect to each party.

SCHEDULE to the Master Agreement dated as of June 30, 2006 between
Pooling and Servicing Agreement • July 17th, 2006 • Securitized Asset Backed Receivables LLC Trust 2006-Cb5 • Asset-backed securities • New York

BARCLAYS BANK PLC and U.S. BANK NATIONAL ASSOCIATION, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST (THE “SUPPLEMENTAL INTEREST TRUST”) WITH RESPECT TO SECURITIZED ASSET BACKED RECEIVABLE LLC TRUST 2006-CB5 C-BASS MORTGAGE LOAN ASSET-BACKED CERTIFICATES, SERIES 2006-CB5

NOVATION AGREEMENT
Novation Agreement • July 17th, 2006 • Securitized Asset Backed Receivables LLC Trust 2006-Cb5 • Asset-backed securities • New York

The Transferor and the Remaining Party have entered into a Transaction as identified in the attached Annex (the "Old Transaction"), evidenced by a Confirmation (the "Old Confirmation") attached hereto, subject to a 1992 ISDA Master Agreement dated as of March 7, 2005, as amended and supplemented from time to time (the "Old Agreement").

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