diff --git a/Build/Newtonsoft.Json.nuspec b/Build/Newtonsoft.Json.nuspec
index b516ac0c..e3a2caf2 100644
--- a/Build/Newtonsoft.Json.nuspec
+++ b/Build/Newtonsoft.Json.nuspec
@@ -2,13 +2,13 @@
 <package xmlns="http://schemas.microsoft.com/packaging/2010/07/nuspec.xsd">
   <metadata>
     <id>Newtonsoft.Json</id>
-    <version>5.0.6</version>
+    <version>5.0.7</version>
     <title>Json.NET</title>
     <description>Json.NET is a popular high-performance JSON framework for .NET</description>
     <authors>James Newton-King</authors>
     <language>en-US</language>
-    <projectUrl>http://james.newtonking.com/projects/json-net.aspx</projectUrl>
-    <licenseUrl>http://json.codeplex.com/license</licenseUrl>
+    <projectUrl>http://james.newtonking.com/json</projectUrl>
+    <licenseUrl>https://github.com/JamesNK/Newtonsoft.Json/blob/master/LICENSE.md</licenseUrl>
     <tags>json</tags>
   </metadata>
 </package>
\ No newline at end of file
diff --git a/Build/build.ps1 b/Build/build.ps1
index 011bd9a9..976869c5 100644
--- a/Build/build.ps1
+++ b/Build/build.ps1
@@ -1,7 +1,7 @@
 properties { 
-  $zipFileName = "Json50r6.zip"
+  $zipFileName = "Json50r7.zip"
   $majorVersion = "4.5"
-  $majorWithReleaseVersion = "5.0.6"
+  $majorWithReleaseVersion = "5.0.7"
   $version = GetVersion $majorWithReleaseVersion
   $signAssemblies = $false
   $signKeyPath = "D:\Development\Releases\newtonsoft.snk"
@@ -76,12 +76,11 @@ task Package -depends Build {
   
   if ($buildNuGet)
   {
-    New-Item -Path $workingDir\NuGet -ItemType Directory
-    #New-Item -Path $workingDir\NuGet\tools -ItemType Directory
-
+    New-Item -Path $workingDir\NuGet -ItemType Directory    
     Copy-Item -Path "$buildDir\Newtonsoft.Json.nuspec" -Destination $workingDir\NuGet\Newtonsoft.Json.nuspec -recurse
-    
-    #Copy-Item -Path "$buildDir\install.ps1" -Destination $workingDir\NuGet\tools\install.ps1 -recurse
+
+    New-Item -Path $workingDir\NuGet\tools -ItemType Directory
+    Copy-Item -Path "$buildDir\install.ps1" -Destination $workingDir\NuGet\tools\install.ps1 -recurse
     
     foreach ($build in $builds)
     {
diff --git a/Build/install.ps1 b/Build/install.ps1
index 4550d277..dfc78f05 100644
--- a/Build/install.ps1
+++ b/Build/install.ps1
@@ -5,7 +5,7 @@ param($installPath, $toolsPath, $package, $project)
 
 try
 {
-  $url = "http://www.json.net"
+  $url = "http://james.newtonking.com/json"
   $dte2 = Get-Interface $dte ([EnvDTE80.DTE2])
 
   if ($dte2.ActiveWindow.Caption -eq "Package Manager Console")
diff --git a/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs b/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
index 97774fe0..da510de6 100644
--- a/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
+++ b/Src/Newtonsoft.Json.Tests/Properties/AssemblyInfo.cs
@@ -75,4 +75,4 @@ using System.Security;
 // You can specify all the values or you can default the Revision and Build Numbers 
 // by using the '*' as shown below:
 [assembly: AssemblyVersion("4.5.0.0")]
-[assembly: AssemblyFileVersion("5.0.6.16606")]
+[assembly: AssemblyFileVersion("5.0.7.16611")]
diff --git a/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs b/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
index 7fa12ddd..202a6cbc 100644
--- a/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
+++ b/Src/Newtonsoft.Json.Tests/Serialization/JsonSerializerTest.cs
@@ -24,6 +24,7 @@
 #endregion
 
 using System;
+using System.ComponentModel;
 #if !(NET35 || NET20 || SILVERLIGHT)
 using System.Collections.Concurrent;
 #endif
@@ -2468,6 +2469,62 @@ keyword such as type of business.""
       Assert.AreEqual("lastName", o.lastName);
     }
 
+    public sealed class ConstructorAndDefaultValueAttributeTestClass
+    {
+      public ConstructorAndDefaultValueAttributeTestClass(string testProperty1)
+      {
+        this.TestProperty1 = testProperty1;
+      }
+
+      public string TestProperty1 { get; set; }
+
+      [DefaultValue(21)]
+      public int TestProperty2 { get; set; }
+
+    }
+
+    [Test]
+    public void PopulateDefaultValueWhenUsingConstructor()
+    {
+      string json = "{ 'testProperty1': 'value' }";
+
+      ConstructorAndDefaultValueAttributeTestClass c = JsonConvert.DeserializeObject<ConstructorAndDefaultValueAttributeTestClass>(json, new JsonSerializerSettings
+      {
+        DefaultValueHandling = DefaultValueHandling.Populate
+      });
+      Assert.AreEqual("value", c.TestProperty1);
+      Assert.AreEqual(21, c.TestProperty2);
+
+      c = JsonConvert.DeserializeObject<ConstructorAndDefaultValueAttributeTestClass>(json, new JsonSerializerSettings
+      {
+        DefaultValueHandling = DefaultValueHandling.IgnoreAndPopulate
+      });
+      Assert.AreEqual("value", c.TestProperty1);
+      Assert.AreEqual(21, c.TestProperty2);
+    }
+
+    public sealed class ConstructorAndRequiredTestClass
+    {
+      public ConstructorAndRequiredTestClass(string testProperty1)
+      {
+        this.TestProperty1 = testProperty1;
+      }
+
+      public string TestProperty1 { get; set; }
+
+      [JsonProperty(Required = Required.AllowNull)]
+      public int TestProperty2 { get; set; }
+    }
+
+    [Test]
+    public void RequiredWhenUsingConstructor()
+    {
+      string json = "{ 'testProperty1': 'value' }";
+
+      ExceptionAssert.Throws<JsonSerializationException>("Required property 'TestProperty2' not found in JSON. Path '', line 1, position 28.",
+        () => JsonConvert.DeserializeObject<ConstructorAndRequiredTestClass>(json));
+    }
+
     [Test]
     public void DeserializePropertiesOnToNonDefaultConstructor()
     {
diff --git a/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs b/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
index 640de9c9..8e04a229 100644
--- a/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
+++ b/Src/Newtonsoft.Json/Properties/AssemblyInfo.cs
@@ -92,6 +92,6 @@ using System.Security;
 // You can specify all the values or you can default the Revision and Build Numbers 
 // by using the '*' as shown below:
 [assembly: AssemblyVersion("4.5.0.0")]
-[assembly: AssemblyFileVersion("5.0.6.16606")]
+[assembly: AssemblyFileVersion("5.0.7.16611")]
 
 [assembly: CLSCompliant(true)]
diff --git a/Src/Newtonsoft.Json/Serialization/JsonSerializerInternalReader.cs b/Src/Newtonsoft.Json/Serialization/JsonSerializerInternalReader.cs
index bccf9687..0a3ff215 100644
--- a/Src/Newtonsoft.Json/Serialization/JsonSerializerInternalReader.cs
+++ b/Src/Newtonsoft.Json/Serialization/JsonSerializerInternalReader.cs
@@ -1444,6 +1444,11 @@ To fix this error either change the environment to be fully trusted, change the
     {
       ValidationUtils.ArgumentNotNull(constructorInfo, "constructorInfo");
 
+      // only need to keep a track of properies presence if they are required or a value should be defaulted if missing
+      Dictionary<JsonProperty, PropertyPresence> propertiesPresence = (contract.HasRequiredOrDefaultValueProperties || HasFlag(Serializer._defaultValueHandling, DefaultValueHandling.Populate))
+        ? contract.Properties.ToDictionary(m => m, m => PropertyPresence.None)
+        : null;
+
       Type objectType = contract.UnderlyingType;
 
       if (TraceWriter != null && TraceWriter.LevelFilter >= TraceLevel.Info)
@@ -1461,6 +1466,14 @@ To fix this error either change the environment to be fully trusted, change the
           constructorParameters[matchingConstructorParameter] = propertyValue.Value;
         else
           remainingPropertyValues.Add(propertyValue);
+
+        if (propertiesPresence != null)
+        {
+          // map from constructor property to normal property
+          var property = propertiesPresence.Keys.FirstOrDefault(p => p.PropertyName == propertyValue.Key.PropertyName);
+          if (property != null)
+            propertiesPresence[property] = (propertyValue.Value == null) ? PropertyPresence.Null : PropertyPresence.Value;
+        }
       }
 
       object createdObject = constructorInfo.Invoke(constructorParameters.Values.ToArray());
@@ -1520,6 +1533,8 @@ To fix this error either change the environment to be fully trusted, change the
         }
       }
 
+      EndObject(createdObject, reader, contract, reader.Depth, propertiesPresence);
+
       OnDeserialized(reader, contract, createdObject);
       return createdObject;
     }