OMNIBUS AMENDMENT NUMBER ONE
OPTION ONE OWNER TRUST 2005-8 WAREHOUSE FACILITY
This OMNIBUS AMENDMENT NUMBER ONE (this “Amendment”) is made and is effective as of this
6th day of October, 2006, among Option One Owner Trust 2005-8, as issuer (the “Issuer”), Option One Loan
Warehouse Corporation, as depositor (the “Depositor”), Option One Mortgage Corporation as loan originator
and servicer (“Option One”), Wells Fargo Bank, N.A. as indenture trustee (the “Indenture Trustee”), Merrill
Lynch Bank USA, as noteholder agent and purchaser (“Merrill Lynch”) to (i) the Note Purchase Agreement,
dated as of October 1, 2005 (as amended, supplemented or otherwise modified from time to time, the “Note
Purchase Agreement”), among the Issuer, the Depositor and Merrill Lynch and (ii) the Sale and Servicing
Agreement, dated as of October 1, 2005 (as amended, supplemented or otherwise modified from time to time,
the “Sale and Servicing Agreement” and together with the Note Purchase Agreement, the “Transaction
Documents”), among the Issuer, the Depositor, Option One and the Indenture Trustee.
WHEREAS, the parties have previously entered into the Transaction Documents; and
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:
SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings
ascribed to such terms in the Transaction Documents.
SECTION 2. Amendment to Sale and Servicing Agreement.
(a) The definition of “QSPE Affiliate” in Section 1.01 of the Sale and Servicing Agreement is hereby deleted
in its entirety and replaced with the following:
“QSPE Affiliate: Any of Option One Owner Trust 2001-1A, Option One Owner Trust 2001-1B, Option
One Owner Trust 2002-3, Option One Owner Trust 2003-4, Option One Owner Trust 2003-5, Optio