25% Uses in Form of Certificate of Authentication Clause

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of November 1, 2005, among (i) HFF&L (U.S.) Holdings, Inc., a Delaware corporation (including any successors or permitted assigns, the Depositor), (ii) JPMorgan Chase Bank, National Association, a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) Karen Padovese, an individual, and Rosemary Quinn, an individual, each of whose address is c/o HFF&L (U.S.) Holdings, Inc., 4820 Business Center Drive, Suite 200, Fairfield, CA 94534, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinafter defined.

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within mentioned Trust Agreement. Dated: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Property Trustee By: AUTHORIZED SIGNATORY

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of March 29, 2007, among (i) Capital Trust, Inc., a Maryland corporation (including any successors or permitted assigns, the Depositor), (ii) The Bank of New York Trust Company, National Association, a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) The Bank of New York (Delaware), a Delaware banking corporation, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) John R. Klopp, an individual, Stephen D. Plavin, an individual and Geoffrey G. Jervis, an individual, each of whose address is c/o Capital Trust, Inc., 410 Park Avenue, 14th Floor, New York, New York 10022, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinafter defined.

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: The Bank of New York Trust Company, National Association, not in its individual capacity, but solely as Property Trustee By: Authorized signatory

Form of Certificate of Authentication from Amended and Restated Trust Agreement

This AMENDED AND RESTATED TRUST AGREEMENT, dated as of September 13, 2006 (as further defined in Section 1.1, this Trust Agreement), among (i) New Century Financial Corporation, a Maryland corporation (including any successors or permitted assigns, the Depositor), (ii) Wells Fargo Bank, N.A., a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) Wells Fargo Delaware Trust Company, a Delaware corporation, as Delaware trustee (in such capacity, the Delaware Trustee), and (iv) Brad A. Morrice, an individual, and Patti M. Dodge, an individual, each of whose address is c/o New Century Financial Corporation, 18400 Von Karman, Suite 1000, Irvine, California 92612, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees).

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Property Trustee By: Name: Title:

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of May 31, 2006, among (i) Bresler & Reiner, Inc., a Delaware corporation (including any successors or permitted assigns, the Depositor), (ii) JPMorgan Chase Bank, National Association, as property trustee (in such capacity, the Property Trustee), (iii) Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) Sidney M. Bresler, an individual, and Darryl M. Edelstein, an individual, each of whose address is c/o Bresler & Reiner, Inc., 11200 Rockville Pike, Suite 502, Rockville, MD 20852 as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinafter defined.

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: JPMorgan Chase Bank, National Association, not in its individual capacity, but solely as Property Trustee By: Authorized signatory

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of June 15, 2006, among (i) Beazer Homes USA, Inc., a Delaware corporation (including any successors or permitted assigns, the Depositor), (ii) JPMorgan Chase Bank, National Association, a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) James OLeary, an individual, Kenneth J. Gary, an individual and Cory J. Boydston, an individual, each of whose address is c/o Beazer Homes USA, Inc., 1000 Abernathy Road, Suite 1200, Atlanta, GA 30328, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinafter defined.

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Property Trustee By: Authorized signatory

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of August 9, 2005, among (i) GKK Capital LP, a Delaware limited partnership (including any successors or permitted assigns, the Depositor), (ii) JPMorgan Chase Bank, National Association, a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) Marc Holliday, an individual, Gregory F. Hughes, an individual and Hugh Hall, an individual, each of whose address is c/o GKK Capital LP, 420 Lexington Avenue, New York, NY 10170, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinafter defined.

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Property Trustee By: Authorized signatory

Form of Certificate of Authentication from Amended and Restated Trust Agreement

THIS SECOND AMENDED AND RESTATED TRUST AGREEMENT, dated as of September 16, 2005, (as amended and restated, the Trust Agreement), among (i) Impac Mortgage Holdings, Inc., a Maryland corporation (including any successors or permitted assigns, the Depositor), (ii) JPMorgan Chase Bank, National Association, a national banking association, as property trustee (in such capacity, the Property Trustee), (iii) Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the Delaware Trustee), (iv) Richard J. Johnson, an individual, William S. Ashmore, an individual and Ronald M. Morrison, an individual, each of whose address is c/o Impac Mortgage Holdings, Inc. 1401 Dove Street, Newport Beach, CA 92660, as administrative trustees (in such capacities, each an Administrative Trustee and, collectively, the Administrative Trustees and, together with the Property Trustee and the Delaware Trustee, the Trustees) and (v) the several Holders, as hereinaft

Form of Certificate of Authentication. The Property Trustees certificate of authentication shall be in substantially the following form: This is one of the Preferred Securities referred to in the within-mentioned Trust Agreement. Dated: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Property Trustee By: Authorized signatory