FRANKLIN CREDIT MANAGEMENT CORP/DE/
EX-10.15: PLEDGE AGREEMENT
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>18
<FILENAME>y73496exv10w15.htm
<DESCRIPTION>EX-10.15: PLEDGE AGREEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-10.15</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.15</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">PLEDGE AMENDMENT

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">(Franklin Trust Certificate)

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This <FONT style="font-variant: SMALL-CAPS"><B>Pledge Amendment</B></FONT>, dated as of December&nbsp;19, 2008, is delivered pursuant to
<I>Section&nbsp;4.</I><I>4(a)</I><I> (Pledged Collateral) </I>of the Security Agreement, dated as of November&nbsp;15, 2007 (as
amended, supplemented, restated or otherwise modified from time to time, the &#147;<I>Security Agreement</I>&#148;)
by Franklin Credit Management Corporation<FONT style="font-variant: SMALL-CAPS"> </FONT>(the &#147;<I>Borrower</I>&#148;) and each of the entities listed
on the signature pages thereof in favor of The Huntington National Bank (the &#147;<I>Lender</I>&#148;). The
undersigned hereby agree that this Pledge Amendment may be attached to the Security Agreement and
that the Pledged Collateral listed on this Pledge Amendment shall be and become part of the
Collateral referred to in the Security Agreement and shall secure all Secured Obligations of the
undersigned. Capitalized terms used herein but not defined herein are used herein with the
meanings given them in the Security Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>PLEDGED TRUST CERTIFICATE</B></U><B>:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><FONT style="font-variant: SMALL-CAPS">Certificate </FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS">&#147;Registered Holder&#148;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS">&#147;Issuer&#148;:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS">No(s).</FONT></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><FONT style="font-variant: SMALL-CAPS">Date</FONT></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Huntington National Bank
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="white-space: nowrap">Franklin Credit Trust Series&nbsp;I</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="font-variant: SMALL-CAPS">1</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">December&nbsp;16, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>(Signature Pages Follow)</I>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><FONT style="font-variant: SMALL-CAPS"><B>FRANKLIN CREDIT MANAGEMENT CORPORATION, </B></FONT><I>as
Borrower</I><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Thomas J. Axon
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Thomas J. Axon&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Each Loan Party listed on <U>Schedule&nbsp;1</U> attached hereto:<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Alexander Gordon Jardin
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>

    <TD colspan="2" valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Alexander Gordon Jardin&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Title :  Chief Executive Officer,  as an authorized officer
of, and on behalf of, each Loan Party listed on
<U>Schedule 1</U> attached hereto&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FRANKLIN CREDIT ASSET CORPORATION</B>, <BR>
<I>as a Loan Party</I><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Alexander Gordon Jardin
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:</TD>
    <TD align="left">Alexander Gordon Jardin&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:</TD>
    <TD align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>FRANKLIN CREDIT HOLDING CORPORATION</B>, <I>as a Loan Party</I><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Thomas J. Axon
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Thomas J. Axon&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The undersigned hereby agrees that it will not exercise any of its rights and remedies as set forth
under the Security Agreement in respect to the Pledged Trust Certificate until and until the
occurrence and during the continuance of an Event of Default.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS">Accepted and Agreed</FONT><BR>
as of the date first above written:<BR>
<FONT style="font-variant: SMALL-CAPS">The Huntington National Bank</FONT>

</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Alan D. Seitz
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Alan D. Seitz&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>Signature Page to Pledge Amendment (Franklin Trust Certificate)</I>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">FCMC 2000 B CORP.<BR>
FCMC 2000 C CORP.<BR>
FCMC 2000 D CORP.<BR>
FCMC 2001 A CORP.<BR>
FCMC 2001 B CORP<BR>
FCMC 2001 C CORP.<BR>
FCMC 2001 D CORP.<BR>
FCMC 2001 E CORP.<BR>
FCMC 2001 F CORP.<BR>
FCMC 2002 A CORP.<BR>
FCMC 2002 B CORP.<BR>
FCMC 2002 C CORP.<BR>
FCMC 2002 D CORP.<BR>
FCMC 2002 E CORP.<BR>
FCMC 2002 F CORP.<BR>
FCMC 2002 G CORP.<BR>
FCMC 2002 H CORP.<BR>
FCMC 2003 A CORP.<BR>
FCMC 2003 B CORP.<BR>
FCMC 2003 C CORP.<BR>
FCMC 2003 D CORP.<BR>
FCMC 2003 E CORP.<BR>
FCMC 2003 F CORP.<BR>
FCMC 2003 G CORP.<BR>
FCMC 2003 H CORP.<BR>
FCMC 2003 I CORP.<BR>
FCMC 2003 J CORP.<BR>
FCMC 2003 K CORP.<BR>
FCMC 2004 A CORP<BR>
FCMC 2004 B CORP.<BR>
FCMC 2004 C CORP.<BR>
FCMC 2004 D CORP.<BR>
FCMC 2004 E CORP.<BR>
FCMC 2004 F CORP.<BR>
FCMC 2004 G CORP.<BR>
FCMC 2004 H CORP.<BR>
FCMC 2004 I CORP.<BR>
FCMC 2004 J CORP.<BR>
FCMC 2004 K CORP.<BR>
FCMC 2004 L CORP.<BR>
FCMC 2004 M CORP.<BR>
FCMC 2005 A CORP.<BR>
FCMC 2005 B CORP.<BR>
FCMC 2005 C CORP.<BR>
FCMC 2005 D CORP.<BR>
FCMC 2005 E CORP.

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
 <DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">FCMC 2005 F CORP.<BR>
FCMC 2005 G CORP.<BR>
FCMC 2005 H CORP.<BR>
FCMC 2005 I CORP.<BR>
FCMC B-ONE 2004 A CORP.<BR>
FCMC B-ONE 2004 B CORP.<BR>
FCMC B-ONE 2004 C CORP.<BR>
FCMC B-ONE 2004 D CORP.<BR>
FCMC B-ONE 2004 E CORP.<BR>
FCMC B-ONE 2004 F CORP.<BR>
FLOW 2000A CORP.<BR>
FLOW 2000B CORP.<BR>
FLOW 2000C CORP.<BR>
FLOW 2000D CORP.<BR>
FLOW 2000E CORP.<BR>
FLOW 2000F CORP.<BR>
FLOW 2001 A CORP.<BR>
FLOW 2001 B CORPORATION<BR>
FLOW 2001 C CORPORATION<BR>
FLOW 2001 D CORP<BR>
FLOW 2001 E CORPORATION<BR>
FLOW 2001 F CORPORATION<BR>
FLOW 2001 G CORPORATION<BR>
FLOW 2001 H CORP.<BR>
FLOW 2001 I CORP.<BR>
FLOW 2001 J CORP.<BR>
FLOW 2001 K CORP<BR>
FLOW 2001 L CORP.<BR>
FLOW 2002 A CORP.<BR>
FLOW 2002 B CORP.<BR>
FLOW 2002 C CORP.<BR>
FLOW 2002 D CORP.<BR>
FLOW 2002 E CORP.<BR>
FLOW 2002 F CORP.<BR>
FLOW 2002 G CORP.<BR>
FLOW 2002 H CORP.<BR>
FLOW 2002 I CORP.<BR>
FLOW 2002 J CORP.<BR>
FLOW 2002 K CORP.<BR>
FLOW 2002 L CORP.<BR>
FLOW 2003 A CORP.<BR>
FLOW 2003 B CORP.<BR>
FLOW 2003 C CORP.<BR>
FLOW 2003 D CORP.<BR>
FLOW 2003 E CORP.<BR>
FLOW 2003 F CORP.

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
 <DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">FLOW 2003 G CORP.<BR>
FLOW 2003 H CORP.<BR>
FLOW 2003 I CORP.<BR>
FLOW 2003 J CORP.<BR>
FLOW 2003 K CORP.<BR>
FLOW 2003 L CORP.<BR>
FLOW 2003 M CORP.<BR>
FLOW 2004 A CORP.<BR>
FLOW 2004 B CORP.<BR>
FLOW 2004 C CORP.<BR>
FLOW 2004 D CORP.<BR>
FLOW 2004 E CORP.<BR>
FLOW 2004 F CORP.<BR>
FLOW 2004 G CORP.<BR>
FLOW 2004 H CORP.<BR>
FLOW 2004 I CORP.<BR>
FLOW 2005 A CORP.<BR>
FLOW 2005 B CORP.<BR>
FLOW 2005 C CORP.<BR>
FLOW 2005 D CORP.<BR>
FLOW 2005 E CORP.<BR>
FLOW 2005 F CORP<BR>
FLOW 2005 G CORP<BR>
FLOW 2005 H CORP<BR>
FLOW 2005 I CORP<BR>
FLOW 2005 J CORP<BR>
FLOW 99-70 CORP.<BR>
FLOW 99-76 CORP.<BR>
FLOW 99-88 CORP.<BR>
FLOW 99-92 CORP.<BR>
CAL SECOND 49 CORPORATION<BR>
CAPE 77 CORP.<BR>
COAST 56 CORPORATION<BR>
COAST 62 CORPORATION<BR>
EMERGE 64 CORPORATION<BR>
JACKSON UNION 28 CORPORATION<BR>
MORGAN 85 CORP.<BR>
PANCAL 93 CORP.<BR>
PARK 86 CORP.<BR>
PARK 94 CORP.<BR>
SHELTON 46 CORPORATION<BR>
NEW HAVEN 40 CORPORATION<BR>
FIRSTGOLD 69 CORP.<BR>
ACCU 95 CORP.<BR>
ACCU 99 CORP.<BR>
ACREDIT 75 CORP.

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
 <DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ARK 38 CORPORATION<BR>
BEACH FUNDING CORP.<BR>
BRANFORD 55 CORPORATION<BR>
CAPT 47 CORPORATION<BR>
CENTURY 78 CORP.<BR>
COAST 74 CORP.<BR>
COAST 96 CORP.<BR>
DAPT 51 CORPORATION<BR>
EMGOLD 67 CORP.<BR>
EMOD 65 CORP.<BR>
EMSEC 66 CORP.<BR>
ERICSSON ASSOCIATES INC.<BR>
FIRSTCO 80 CORP.<BR>
FORT GRANITE 44 CORPORATION<BR>
FREE 73 CORP.<BR>
FREE 81 CORP.<BR>
GARFIELD 48 CORPORATION<BR>
GREEN 89 CORP.<BR>
GREENWICH FIRST CORPORATION<BR>
GREENWICH FUNDING CORPORATION<BR>
GREENWICH MANAGEMENT CORPORATION<BR>
HARRISON FINANCIAL CORPORATION<BR>
HOME FED 57 CORPORATION<BR>
IVY CITY 72 CORP.<BR>
JERSEY 45 CORPORATION<BR>
KEARNY 39 CORPORATION<BR>
KEARNY 61 CORPORATION<BR>
MADISON 54 CORPORATION<BR>
MASS FED 29 CORPORATION<BR>
MODGOLD 68 CORP.<BR>
NEW HAVEN 53 CORPORATION<BR>
NEW HAVEN 63 CORPORATION<BR>
NORTH FORK 41 CORPORATION<BR>
NY APT. 33 CORPORATION<BR>
PAN CAL 98 CORP.<BR>
PANCAL 82 CORP.<BR>
PARK 97 CORP.<BR>
PENN 100B CORP.<BR>
PENN 100 CORP.<BR>
POINT 91 CORP.<BR>
RAPID POINT 60 CORPORATION<BR>
ST. PETE 43 CORPORATION<BR>
TAMPA 79 CORP.<BR>
VANTAGE 90 CORP.<BR>
WELL 84 CORP.<BR>
WFB 83 CORP.

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">STATES 87 CORP.<BR>
FCMC 2005 J CORP.<BR>
FCMC 2005 K CORP.<BR>
FCMC 2005 L CORP.<BR>
FCMC 2005 M CORP.<BR>
FCMC 2005 N CORP.<BR>
FCMC 2005 O CORP.<BR>
FCMC 2005 P CORP.<BR>
FCMC 2005 Q CORP.<BR>
FCMC 2005 R CORP.<BR>
FCMC 2005 S CORP.<BR>
FCMC 2006 A CORP.<BR>
FCMC 2006 B CORP.<BR>
FCMC 2006 C CORP.<BR>
FCMC 2006 D CORP.<BR>
FCMC 2006 E CORP.<BR>
FCMC 2006 F CORP.<BR>
FCMC 2006 G CORP.<BR>
FCMC 2006 H CORP.<BR>
FCMC 2006 I CORP.<BR>
FCMC 2006 J CORP.<BR>
FCMC 2006 K CORP.<BR>
FCMC 2006 L CORP.<BR>
FCMC 2006 M CORP.<BR>
FCMC 2006 N CORP.<BR>
FCMC 2006 O CORP.<BR>
FCMC 2006 P CORP.<BR>
FCMC 2006 Q CORP.<BR>
FCMC 2006 R CORP.<BR>
FCMC 2006 S CORP.<BR>
FCMC 2006 T CORP.<BR>
FCMC 2006 U CORP.<BR>
FCMC 2006 V CORP.<BR>
FCMC 2006 W CORP.<BR>
FCMC 2006 X CORP.<BR>
FCMC 2006 Y CORP.<BR>
FCMC 2006 Z CORP.<BR>
FCMC 2007 A CORP.<BR>
FCMC 2007 B CORP.<BR>
FCMC 2007 C CORP.<BR>
FCMC 2007 D CORP.<BR>
FCMC 2007 E CORP.<BR>
FCMC 2007 F CORP.<BR>
FCMC 2007 G CORP.<BR>
FCMC 2007 H CORP.<BR>
FCMC 2007 H CORP.

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
 <DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">FCMC 2007 I CORP.<BR>
FCMC 2007 J CORP.<BR>
FCMC 2007 K CORP.<BR>
FCMC 2007 L CORP.<BR>
FCMC 2007 M CORP.<BR>
FCMC 2007 N CORP<BR>
FCMC 2007 O CORP.<BR>
FCMC 2007 P CORP.<BR>
FCMC 2007 Q CORP.<BR>
FCMC 2007 R CORP.<BR>
FCMC 2007 S CORP.<BR>
FCMC 2007 T CORP.<BR>
FCMC 2007 U CORP<BR>
FCMC 2007 V CORP.<BR>
FCMC 2007 W CORP.<BR>
FCMC 2007 X CORP.<BR>
FCMC 2007 Y CORP.<BR>
FCMC 2007 Z CORP<BR>
FCMC 2007 AA CORP.<BR>
FCMC 2007 AB CORP.<BR>
FCMC 2007 AC CORP.<BR>
FLOW 2006 A CORP.<BR>
FLOW 2006 B CORP.<BR>
FLOW 2006 C CORP.<BR>
FLOW 2006 D CORP.<BR>
FLOW 2006 E CORP.<BR>
FLOW 2006 F CORP.<BR>
FLOW 2006 G CORP.<BR>
FLOW 2006 H CORP.<BR>
FLOW 2007 A CORP.<BR>
FLOW 2007 B CORP<BR>
FLOW 2007 C CORP.<BR>
FLOW 2007 D CORP.<BR>
RONTEX CORPORATION<BR>
SIX HARRISON CORPORATION<BR>
HARRISON FIRST CORPORATION<BR>
HARRISON FINANCIAL ASSOCIATES, INC.<BR>
HARRISON FUNDING CORPORATION<BR>
FCMC Corporate Refinance<BR>
FLOW PURCHASE 98 CORPORATION<BR>
TRIBECA LENDING CORP.<BR>
RONTEXT 1617 CORPORATION<BR>
RONTEX 1617 CORPORATION<BR>
JUNIPER CORP.<BR>
NEWPORT 50 CORPORATION<BR>
FORT 100 CORPORATION

</DIV>

<P align="right" style="font-size: 10pt"><!-- Folio -->6&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">
 <DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">SCHEDULE 1
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Franklin Borrowers</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">FORT 100 B CORPORATION<BR>
SIX HARRISON CORPORATION<BR>
HUDSON MANAGEMENT CORPORATION<BR>
TRIBECA FUNDING CORPORATION<BR>
EMGOLD 57 CORP.<BR>
ISLAND 52 CORPORATION<BR>
NEW HAVEN 58 CORPORATION<BR>
NORWICH 42 CORPORATION<BR>
FLOW 2007 E CORP.<BR>
FRANKLIN CREDIT ASSET CORPORATION

</DIV>


<P align="right" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
