OMNIBUS AMENDMENT AND CONSENT AGREEMENT
This OMNIBUS AMENDMENT AND CONSENT AGREEMENT (the “Amendment and Consent”)
dated as of December 29, 2006 is by and among Option One Owner Trust 2003-4 (the “ Issuer ”), Option One
Mortgage Corporation (“ OOMC ”), in its capacity as loan originator (in such capacity, the “ Loan Originator ”)
and as servicer (in such capacity, the “ Servicer ”), Option One Mortgage Capital Corporation (“ Capital ”),
Option One Loan Warehouse Corporation (the “ Depositor ”), Wells Fargo Bank, National Association, as
indenture trustee (the “ Indenture Trustee ”), Falcon Asset Securitization Company LLC (formerly Falcon Asset
Securitization Corporation) and Park Avenue Receivables Company LLC, as conduit purchasers, and JPMorgan
Chase Bank, N.A. (successor by merger to Bank One, N.A. (Main Office Chicago)), as committed purchaser
(collectively, the “ Purchasers ”), and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, N.A.
(Main Office Chicago)), as note agent (the “ Note Agent ”). Capitalized terms used herein but not specifically
defined herein shall have the meanings given to such terms in the Sale and Servicing Agreement (as defined
below) or Indenture (as defined below).
A. The Issuer, OOMC, as the Servicer and as the Loan Originator, the Depositor and the Indenture
Trustee are parties to that certain Amended and Restated Sale and Servicing Agreement dated as of August 5,
2005 (as amended, the “Sale and Servicing Agreement”).
B. The Issuer and the Indenture Trustee are parties to that certain Indenture dated as of August 8, 2003
(as amended, the “ Indenture ”).
C. The Note Agent, the Issuer, OOMC, as the Servicer and the Indenture Trustee, as both Indenture
Trustee and Custodian, are parties to that certain Custodial Agreement dated as of August 8, 2003 (as amended,
the “ Custodial Agreement ”).
D. OOMC intends to transfer and assign to its subsidiary, Capital,