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MORGAN STANLEY <br />3. The Margin Percentage to be used in connection <br />with each Repurchase Transaction shall be One Hundred Two <br />Percent (102%), and shall in all cases be applied to the <br />Sale Price of each Repurchase Transaction, including any and <br />all Price Differential accrued with respect thereto. <br />4. Morgan Stanley agrees to provide the Trustee and <br />the Authority with monthly account statements. <br />5. This Agreement and the Repurchase Transaction shall <br />terminate on the earlier of (i) the date on which a <br />Transaction Reduction shall reduce the Sale Price to zero or <br />(ii) September 2, 2017 (the "Termination Date"). <br />6. Morgan Stanley shall pay to Structured Finance <br />Corporation of America, a brokerage fee in the amount of <br />$84,000 for their role as broker for the Authority in <br />connection with this transaction. <br />7. To the extent that the terms and conditions of this <br />Agreement conflict with the terms and conditions of the <br />Custody Agreement, the terms and conditions of this <br />Agreement shall prevail. <br />8. This Agreement may be construed in accordance with <br />the laws of the State of New York without giving effect to <br />the conflict of laws principles thereof. <br />9. This Agreement may be executed in three or more <br />counterparts taken together which shall be deemed to <br />constitute one and the same agreement. <br />