SECOND AMENDED AND RESTATED SALE AND SERVICING AGREEMENT (as may be further
amended, supplemented or otherwise modified from time to time, this "Agreement") dated as of April 18, 2006,
among PAGE FUNDING LLC, a Delaware limited liability company (in its capacities as Purchaser, the
"Purchaser" and as Issuer, the "Issuer"), CONSUMER PORTFOLIO SERVICES, INC., a California
corporation (in its capacities as Seller, the "Seller" and as Servicer, the "Servicer," respectively), WELLS
FARGO BANK, NATIONAL ASSOCIATION, a national banking association (in its capacities as Backup
Servicer, the "Backup Servicer" and as Trustee, the "Trustee," respectively).
WHEREAS, the Purchaser, the Servicer, the Seller, the Backup Servicer and the Trustee entered into that
Amended and Restated Sale and Servicing Agreement dated as of June 29, 2005, as amended by Amendment
No. 1 thereto dated as of August 31, 2005, and Amendment No. 2 thereto dated as of February 28, 2006 (as
so amended, the "Amended and Restated Sale and Servicing Agreement"), pursuant to which the Purchaser
purchased, from time to time, receivables arising in connection with motor vehicle retail installment sale contracts
acquired by the Seller from motor vehicle dealers and independent finance companies; and
WHEREAS, the Purchaser, the Servicer, the Seller, the Backup Servicer, the Trustee and the Noteholder desire
to amend and restate the Amended and Restated Sale and Servicing Agreement as hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties
hereto agree as follows:
SECTION 1.1. Definitions. Capitalized terms used in this Agreement and not otherwise defined in this
Agreement, shall have the meanings set forth in Annex A attached hereto.
SECTION 1.2. Other Definitional Provisions.
(a) All terms defined in this Agreement shall have the defined meanings when used in any instrument governed
hereby and in any certificate or other d