Exhibit 10.30


HUNTSMAN (EUROPE)
BVBA


To
the addressees


set forth on Exhibit A hereto


As of November 28, 2006


Re: Huntsman Master Trust Securitization – Withdrawal
of Originator


Ladies and Gentlemen:


Reference is made to that certain Second Amended and
Restated Pooling Agreement, dated as of April 18, 2006 (as amended from
time to the time, the “Pooling Agreement”), among Huntsman Receivables
Finance LLC (the “Company”), Huntsman (Europe) BVBA (the “Master
Servicer”) and J.P. Morgan Bank (Ireland) plc (the “Trustee”),
as supplemented by that certain Amended and Restated Series 2000-1 Supplement,
dated as of April 18, 2006 (as amended from time to the time, the “VFC
Supplement”), among the Company, the Master Servicer, the Trustee and the
other parties set forth therein.


Capitalized terms used but not defined herein shall
have the meanings ascribed thereto in the Pooling Agreement and the VFC
Supplement.


a.             Notice
of Withdrawal of Originator under Pooling Agreement


Pursuant to Section 2.10(a)(iv) of the Pooling
Agreement, the Master Servicer hereby notifies the Company, the Trustee and
each Funding Agent of the intended withdrawal of Huntsman Petrochemicals (UK)
Limited (the “Exiting Originator”) as an Originator as of
November 28, 2006 (the “Release Date”).


Attached as Exhibit B is a certificate of
a Responsible Officer of the Master Servicer attaching a Daily Report as of the
Business Day immediately preceding the Release Date and a pro forma
Daily Report as of the Release Date and giving effect to the withdrawal of the Exiting
Originator and certifying that the Aggregate Target Receivables Amount will be
equal to or less than the Aggregate Allocated Receivables Amount after giving
effect to such withdrawal.


The Master Servicer hereby also confirms that (i) the
withdrawal of the Exiting Originator will be in accordance with the applicable
Origination Agreement and (ii) no Program Termination Event or Potential
Termination Event has occurred or will occur as a result thereof.


b.             Request
by Funding Agents for Trustee to Release Participation and Security Interest


In light of the intended withdrawal of the Exiting
Originator as an Originator, the Funding Agents desire that the receivables
relating to the Exiting Originator be removed from the program. Accordingly,
each Funding Agent hereby requests that the Trustee release the Participation
and the related security interest with respect to the Receivables previously
sold by the Exiting Originator pursuant to the relevant Origination Agreement
as set forth on Exhibit C (the “Released Receivables”)
against payment by the Company to the Trust of amounts equal to EUR 71,170,083.94
(the “Payoff Amount”).











 


c.             Capital
Contribution by the Contributor to the Company


The Contributor hereby agrees with the Company to
contribute, on or before the Release Date, an amount equal to the Payoff Amount
as a capital contribution to the Company.


d.             Payment
of Payoff Amount by the Company to the Trustee


On the Release Date, the Company hereby agrees that is
shall pay, in immediately available funds, an amount equal to the Payoff Amount
to the Trustee for deposit in the account set forth on Exhibit D
for application by the Trustee in accordance with the priority of payments set
forth in the Pooling Agreement and the VFC Supplement, such that the
Payoff Amount will be remitted to the Company, as the Holder of the
Series 2000-1 Subordinated Interest, pursuant to Section 2.02(b) of
the VFC Supplement. By countersigning this letter, the Funding Agents, on
behalf of the Series 2000-1 VFC Certificateholders, acknowledge and
agree to such payment by the Trustee to the Company.


e.             Release
of Participation and Security Interest


By countersigning this letter, the undersigned
acknowledge and agree that, as of the Release Date, (i) the Participation and
the security interest granted by the Company to the Trustee with respect to the
Released Receivables shall be terminated and be of no further force and effect,
(ii) any and all right, title and interest of the Trustee in, under or to
the Released Receivables and the other Participation Assets related thereto
(including, without limitation, the Collection Accounts set forth on Exhibit E,
which are subaccounts to an account established in the name of the Company (the
“Released Subaccounts”)) shall be released and (iii) the
Trustee shall execute and deliver any documents necessary or appropriate to
effect such release.


f.              Distribution
of Released Receivables


The Company hereby agrees to distribute, as of the
Release Date, the Released Receivables as a distribution in kind to the
Contributor.


g.             Sale
of Receivables by the Contributor to the Exiting Originator


The Contributor hereby agrees, effective as of the
Release Date, to sell, assign and convey the Released Receivables to the
Exiting Originator against payment by the Exiting Originator of a purchase
price in an amount equal to the Payoff Amount.


h.             Distribution
of Payoff Amount by the Company to the Contributor


Upon receipt of the Payoff Amount from the Trustee by
the Company, as the holder of the Series 2000-1 Subordinated Interest, the
Company hereby agrees to immediately distribute an amount equal to the Payoff
Amount to the Contributor.


i.              Assumption
of Obligations


Pursuant to Section 2.10(d) of the Pooling
Agreement, by countersigning this letter, as of the Release Date, the Servicer
Guarantor agrees to assume all obligations, if any, with respect to the
Released Receivables.











 


By countersigning this letter, the undersigned
acknowledge and agree that the Exiting Originator, as of the Release Date, shall
not have any obligations vis-à-vis the undersigned with respect to the Released
Receivables.


j.              Termination
of Collection Account Agreements


By countersigning this notice, the undersigned
acknowledge and agree that, as of the Release Date, the Collection Account
Agreements relating to the Released Subaccounts shall be terminated and the
Trustee shall cooperate with the Company to effect such termination as of the
Release Date.


k.             Notice
of Termination of Originator under Origination Agreement


Pursuant to Section 8.5 of the Second Amended and
Restated UK Receivables Purchase Agreement, dated as of April 18, 2006,
among the Contributor, the Exiting Originator and the other originators sets
forth therein, the Exiting Originator is hereby notified of its termination as
an Originator, effective as of the Release Date. By countersigning this letter,
the undersigned hereby acknowledge and agree that, as of the Release Date, the Exiting
Originator shall be removed as a party to the related Origination Agreement and
shall have no further obligations or liabilities thereunder.


1.             Instruction
to Trustee


By countersigning this letter, the undersigned (other
than the Trustee) hereby instruct the Trustee to accept this letter and the
undertakings of the Trustee set forth herein.


m.            Funding
Agents


By countersigning this letter, each of the undersigned
Funding Agents hereby confirms that it is authorized to act on behalf of all
members of its related VFC Purchaser Group with respect to the agreements
and undertakings set forth herein. Each Funding Agents hereby also confirms
that it has given or caused to be given any required notifications to the
applicable rating agencies.


n.             Governing
Law.


The agreements and undertakings set forth herein shall
be governed by the internal laws of the State of New York.


[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]











 


	
  Very truly yours,

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN (EUROPE) BVBA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Natasja Degrieck & Francis De Canniere

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Natasja Degrieck & Francis De Canniere

  	
   

  	
   

  
	
  Title

  	
   

  	
  Managers

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACKNOWLEDGED AND AGREED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN RECEIVABLES FINANCE LLC,

  	
   

  	
   

  
	
  as Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Peter Vanderpoorten & Stefan Meeus

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Peter Vanderpoorten & Stefan Meeus

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Directors

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  J.P. MORGAN BANK (IRELAND) PLC,

  	
   

  	
   

  
	
  not in its individual capacity but solely as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Taria Silorn

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Taria Silorn

  	
   

  	
   

  
	
  Title

  	
   

  	
  Vice President

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JPMORGAN CHASE BANK, N.A.,

  	
   

  	
   

  
	
  as Funding Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Stephanie Wolf

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Stephanie Wolf

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Managing Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WACHOVIA CAPITAL MARKETS, LLC,

  	
   

  	
   

  
	
  as Funding Agent

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Eero H. Maki

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Eero H. Maki

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HUNTSMAN INTERNATIONAL LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Paul Hulme

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Paul Hulme

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Executive Vice President