AMENDMENT NUMBER ONE
AMENDED AND RESTATED SALE AND SERVICING AGREEMENT,
dated as of November 12, 2004,
OPTION ONE OWNER TRUST 2003-5,
OPTION ONE LOAN WAREHOUSE CORPORATION,
OPTION ONE MORTGAGE CORPORATION
WELLS FARGO BANK, N.A.
This AMENDMENT NUMBER ONE (this “Amendment”) is made and is effective as of this 11th day of
November, 2005, among Option One Owner Trust 2003-5 (the “Issuer”), Option One Loan Warehouse
Corporation (the “Depositor”), Option One Mortgage Corporation (the “Loan Originator” and the “Servicer”)
and Wells Fargo Bank, N.A., (formerly known as Wells Fargo Bank Minnesota, National Association) as
Indenture Trustee (the “Indenture Trustee”), to the Amended and Restated Sale and Servicing Agreement, dated
as of November 12, 2004 (the “Sale and Servicing Agreement”), among the Issuer, the Depositor, the Loan
Originator, the Servicer and the Indenture Trustee.
WHEREAS, the parties hereto desire to amend the Sale and Servicing Agreement subject to the terms
and conditions of this Amendment.
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 . Any terms capitalized but not otherwise defined herein shall have the
respective meanings set forth in the Sale and Servicing Agreement.
SECTION 2. Amendments . (A) Section 1.01 of the Sale and Servicing Agreement is hereby amended by
adding the following definition:
Interest-Only Loan: A loan which, by its terms, requires the related Borrower to make monthly
payments of only accrued interest for the certain period of time following origination. After such interest-only
period, the loan terms provide that the Borrower’s monthly payment will be recalculated to cover both
interest and principal so that such loan will amortize fully on or prior