Common use of CALCULATION OF LOSS FOR SHORT SALE LOANS Clause in Contracts

CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: 2 Loan # May-09 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500 % 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency Plus: 1,000 13 Attorney's fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600

CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 2 Loan # May-09 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500 7.500% 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency Plus: 1,000 13 Attorney's ’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Module 1 – Whole Bank w/ Loss Amount 83,600Share – P&A XxXxxxxx Commercial Bank Version 2.01 87 Carrollton, GA March 26, 2010 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 2 Loan # May-09 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500 7.500% 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney's ’s fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,60083,600 Notes to Exhibit 2c (short sale)

CALCULATION OF LOSS FOR SHORT SALE LOANS. Short Sale after a Covered Loan Mod 1 Shared-Loss Month: May-09 2 Loan # May-09 20076 3 REO # 345 4 Loan mod date 5/12/08 5 Interest paid-to-date 9/30/08 6 Short Payoff Date 4/2/09 7 Note Interest rate 7.500 7.500% 8 Most recent BPO 230,000 9 Most recent BPO date 1/21/09 Short-Sale Loss calculation 11 NPV of projected cash flows at loan mod 311,000 12 Less: Principal payments between loan mod and deliquency 1,000 Plus: 1,000 13 Attorney's fees 0 14 Tax and insurance advances 1,500 15 3rd party fees due 2,600 16 Incentive to borrower 3,500 17 Gross balance recoverable by Purchaser 317,600 18 Amount accepted in Short-Sale 234,000 19 Hazard Insurance 0 20 Mortgage Insurance 0 21 Total Cash Recovery 234,000 22 Loss Amount 83,600234,000