|AMENDED AND RESTATED
RECEIVABLES SALE AGREEMENT


DATED AS OF MAY 24,
2002 AMONG

PEPSI-COLA
GENERAL BOTTLERS, INC., PEPSI-COLA GENERAL BOTTLERS OF OHIO, INC., PEPSI-COLA GENERAL
BOTTLERS OF INDIANA, INC.,PEPSI-COLA GENERAL BOTTLERS OF WISCONSIN, INC., PEPSI-COLA
GENERAL BOTTLERS OF IOWA, INC., IOWA VENDING, INC., MARQUETTE BOTTLING
 WORKS, INCORPORATED, NORTHERN MICHIGAN VENDING, INC., DELTA BEVERAGE GROUP, INC. AND DAKBEV, LLC,
AS ORIGINATORS 

AND


WHITMAN FINANCE, INC.,AS BUYER
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|TABLE OF CONTENTS


Page
|------------------------

|             |                                                 |   
|------------ | ----------------------------------------------- | --
|ARTICLE I    | AMOUNTS AND TERMS OF THE PURCHASE               | 2 
|             |                                                 |   
|Section 1.1  | Purchase of Receivables                         | 2 
|Section 1.2  | Payment for the Purchases                       | 3 
|Section 1.3  | Purchase Price Credit Adjustments               | 5 
|Section 1.4  | Payments and Computations, Etc                  | 5 
|Section 1.5  | Transfer of Records                             | 5 
|Section 1.6  | Characterization                                | 6 
|             |                                                 |   
|ARTICLE II   | REPRESENTATIONS AND WARRANTIES                  | 6 
|             |                                                 |   
|Section 2.1  | Representations and Warranties of Originators   | 6 
|             |                                                 |   
|ARTICLE III  | CONDITIONS OF PURCHASE                          | 10
|             |                                                 |   
|Section 3.1  | Conditions Precedent to Purchase                | 10
|Section 3.2  | Conditions Precedent to Subsequent Payments     | 10
|Section 3.3  | Reaffirmation of Representations and Warranties | 11
|             |                                                 |   
|ARTICLE IV   | COVENANTS                                       | 11
|             |                                                 |   
|Section 4.1  | Affirmative Covenants of Originators            | 11
|Section 4.2  | Negative Covenants of Originators               | 16
|             |                                                 |   
|ARTICLE V    | TERMINATION EVENTS17                           
|             |                                                 |   
|Section 5.1  | Termination Events                              | 17
|Section 5.2  | Remedies                                        | 18
|             |                                                 |   
|ARTICLE VI   | INDEMNIFICATION18                              
|             |                                                 |   
|Section 6.1  | Indemnities by Originators                      | 18
|Section 6.2  | Other Costs and Expenses                        | 20
|             |                                                 |   
|ARTICLE VII  | MISCELLANEOUS                                   | 20
|             |                                                 |   
|Section 7.1  | Waivers and Amendments                          | 20
|Section 7.2  | Notices                                         | 21
|Section 7.3  | Protection of Ownership Interests of Buyer      | 21
|Section 7.4  | Confidentiality                                 | 21
|Section 7.5  | Bankruptcy Petition                             | 22
|Section 7.6  | Limitation of Liability                         | 23
|Section 7.7  | CHOICE OF LAW                                   | 23
|Section 7.8  | CONSENT TO JURISDICTION                         | 23
|Section 7.9  | WAIVER OF JURY TRIAL                            | 24
|Section 7.10 | Integration; Binding Effect; Survival of Terms  | 24
|Section 7.11 | Counterparts; Severability; Section References  | 24

|i
|-

|EXHIBITS AND SCHEDULES
|----------------------

|Exhibit I   | Definitions                                                                                                                         
|----------- | ------------------------------------------------------------------------------------------------------------------------------------
|           
|Exhibit II  | Principal Place of Business; Location(s) of Records;
Organizational Identification Number; Other Names; Jurisdiction of Organization
|           
|Exhibit III | Lock-Boxes, Lock-Box Accounts; Lock-Box Banks                                                                                       
|           
|Exhibit IV  | Form of Compliance Certificate                                                                                                      
|           
|Exhibit V   | Credit and Collection Policy                                                                                                        
|           
|Exhibit VI  | Form of Subordinated Note                                                                                                           
|           
|Schedule A  | List of Documents to Be Delivered to Buyer Prior to the Purchase                                                                    

|ii

AMENDED AND RESTATED
RECEIVABLES SALE AGREEMENT


THIS
AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT, dated as of May 24, 2002,
is by and among Pepsi-Cola General Bottlers, Inc., a Delaware corporation, Pepsi-Cola
General Bottlers of Ohio, Inc., a Delaware corporation, Pepsi-Cola General Bottlers of
Indiana, Inc., a Delaware corporation, Pepsi-Cola General Bottlers of Wisconsin, Inc., a
Wisconsin corporation, Pepsi-Cola General Bottlers of Iowa, Inc., an Iowa corporation,
Iowa Vending, Inc., a Delaware corporation, Marquette Bottling Works, Incorporated, a
Michigan corporation, Northern Michigan Vending, Inc., a Michigan corporation, Delta
Beverage Group, Inc., a Delaware corporation, DakBev, LLC, a Delaware limited liability
company (each of the foregoing, an Originator and collectively, the
Originators), and Whitman Finance, Inc., a Delaware corporation
(Buyer). Unless defined elsewhere herein, capitalized terms used in
this Agreement shall have the meanings assigned to such terms in Exhibit I hereto
(or, if not defined in Exhibit I hereto, the meaning assigned to such term in
Exhibit I to the Purchase Agreement hereinafter defined). This Agreement amends and
restates in its entirety that certain Receivables Sale Agreement dated as of November 29,
2000 among the Originators and the Buyer.


PRELIMINARY STATEMENTS


Each
of the Originators now owns, and from time to time hereafter will own, Receivables. Each
of the Originators wishes to sell and assign to Buyer, and Buyer wishes to purchase from
such Originator, all of such Originators right, title and interest in and to its
Receivables, together with the Related Security and Collections with respect thereto.


Each
of the Originators and Buyer intend the transactions contemplated hereby to be true sales
of the Receivables from such Originator to Buyer, providing Buyer with the full benefits
of ownership of the Receivables originated by such Originator, and none of the Originators
nor Buyer intends these transactions to be, or for any purpose to be characterized as,
loans from Buyer to any Originator.


Following
the purchase of Receivables from each of the Originators, Buyer will sell undivided
interests therein and in the associated Related Security and Collections pursuant to that
certain Receivables Purchase Agreement dated as of May 24, 2002 (as the same may from time
to time hereafter be amended, supplemented, restated or otherwise modified, the
Purchase Agreement) among Buyer, Pepsi-Cola General Bottlers, Inc., a
Delaware corporation (PCGB), as initial Servicer, Conduit Purchaser,
the Committed Purchasers and Citicorp North America, Inc. or any successor agent appointed
pursuant to the terms of the Purchase Agreement, as program agent for the Conduit
Purchaser and such Committed Purchasers (in such capacity, the Program
Agent).


NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein contained,
and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:



ARTICLE IAMOUNTS AND TERMS OF
THE PURCHASE
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
1.1 Purchase of Receivables.
| | ------------------------------------

| | (a)    In
consideration for the Purchase Price and upon the terms and subject to the
          conditions set forth herein, each of the Originators hereby agrees to sell,
          assign, transfer, set-over and otherwise convey to Buyer on and after the
          Initial Purchase Date, without recourse (except to the extent expressly
provided           herein), and Buyer hereby agrees to purchase on and after the Initial
Purchase           Date from such Originator, all of such Originators right, title
and           interest in and to all Receivables originated by such Originator and
existing as           of the close of business on the Business Day immediately prior to
the Initial           Purchase Date and all Receivables originated by such Originator
thereafter           through and including the Termination Date, together, in each case,
with all           Related Security relating thereto and all Collections thereof. In
accordance           with the preceding sentence, on the Initial Purchase Date Buyer
shall acquire           all of each Originators right, title and interest in and to
all           Receivables originated by such Originator existing as of the close of
business           on the Business Day immediately prior to the Initial Purchase Date and
          thereafter arising through and including the Termination Date, together with
all           Related Security relating thereto and all Collections thereof. Buyer shall
be           obligated to pay the Purchase Price for the Receivables purchased from each
          Originator hereunder in accordance with Section 1.2. In connection with
          payment of the Purchase Price for any Receivables purchased from any Originator
          hereunder, Buyer may request that such Originator deliver, and such Originator
          shall deliver, such approvals, opinions, information, reports or documents as
          Buyer may reasonably request.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              It
is the intention of the parties hereto that the sale of Receivables by each
          Originator hereunder shall constitute a sale of accounts (as such
          term is used in Article 9 of the UCC), which sale is absolute and irrevocable
          and shall provide Buyer with the full benefits of ownership of the Receivables
          originated by such Originator. Except for the Purchase Price Credits owed to
          such Originator pursuant to Section 1.3, the sale hereunder of
          Receivables originated by any Originator is made without recourse to such
          Originator; provided, however, that (i) such Originator shall be
          liable to Buyer for all representations, warranties, covenants and indemnities
          made by such Originator pursuant to the terms of the Transaction Documents to
          which such Originator is a party, and (ii) such sale does not constitute and is
          not intended to result in an assumption by Buyer or any assignee thereof of any
          obligation of such Originator or any other Person arising in connection with
the           Receivables originated by such Originator, the related Contracts and/or
other           Related Security or any other obligations of such Originator. In view of
the           intention of the parties hereto that each sale of Receivables hereunder
shall           constitute an outright sale of such Receivables rather than loans secured
          thereby, each Originator agrees that it will, on or prior to the Initial
          Purchase Date and in accordance with Section 4.l(e)(ii), mark its master
          data processing records relating to the Receivables originated by it with a
          legend acceptable to Buyer and to the Program Agent (as Buyers assignee),
          evidencing that Buyer has purchased such Receivables as provided in this
          Agreement and to note in its financial statements that its Receivables have
been           sold to Buyer. Upon the request of Buyer or the Program Agent (as Buyers
          assignee), each Originator will execute and file such financing or continuation
          statements, or amendments thereto or assignments thereof, and such other
          instruments or notices, as may be necessary or appropriate to perfect and
          maintain the perfection of Buyers ownership interest in the Receivables
          originated by such Originator and the Related Security and Collections with
          respect thereto, or as Buyer or the Program Agent (as Buyers assignee)
may           reasonably request.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|2
|-

| | Section
1.2 Payment for the Purchases.
| | --------------------------------------

| | (a)    
         The Purchase Price for the Purchase of Receivables originated by each Originator
          that are in existence on the close of business on the Business Day immediately
          preceding the Initial Purchase Date (the Initial Cutoff Date)
          shall be payable in full by Buyer to such Originator on the date hereof, and
          shall be paid to such Originator in the following manner:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)    
         by delivery of immediately available funds, (A) to the extent of funds made
          available to Buyer in connection with its subsequent sale of an interest in
such           Receivables to the Purchasers under the Purchase Agreement, and (B) to the
          extent of available funds arising from any contribution to the capital of Buyer
          by PepsiAmericas made on or prior to the date hereof and allocated by Buyer to
          the Purchase from such Originator, and
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)    
         the balance, by delivery of the proceeds of a subordinated revolving loan from
          such Originator to Buyer (a Subordinated Loan) in an amount
          not to exceed the least of (A) the remaining unpaid portion of such Purchase
          Price, (B) the maximum Subordinated Loan that could be borrowed without
          rendering Buyers Net Worth less than the Required Capital Amount, (C)
          fifteen percent (15%) of such Purchase Price, and (D) the maximum Subordinated
          Loan that could be borrowed without rendering the sum of (i) the outstanding
          principal balance of all Subordinated Loans, plus (ii) the outstanding
principal           balance of all subordinated loans owing to PepsiAmericas (the
          PepsiAmericas Subordinated Loans), greater than twenty-five
          percent (25%) of the aggregate Outstanding Balance of all Receivables owned by
          Buyer on any date of determination. Such Originator is hereby authorized by
          Buyer to endorse on the schedule attached to its Subordinated Note an
          appropriate notation evidencing the date and amount of each advance thereunder,
          as well as the date of each payment with respect thereto, provided that the
          failure to make such notation shall not affect any obligation of Buyer
          thereunder.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|The Purchase Price for each
Receivable originated by each Originator after the Initial Cutoff Date shall be due and
owing in full by Buyer to such Originator or its designee on the date each such Receivable
came into existence (except that Buyer may, with respect to any such Purchase Price,
offset against such Purchase Price any amounts owed by such Originator to Buyer hereunder
and which have become due but remain unpaid) and shall be paid to such Originator in the
manner provided in the following paragraphs (b), (c) and (d).
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              With
respect to any Receivables originated by an Originator after the Initial           Cutoff
Date, by no later than the Settlement Date occurring immediately           following the
end of the Monthly Period during which such Receivables came into           existence,
Buyer shall pay the Purchase Price therefor to the applicable           Originator in
accordance with Section 1.2(d) and in the following manner:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3
|-

| | first,
by delivery of immediately available funds (which may occur on each Business Day on which
Collections are received), to the extent of funds available to Buyer from its subsequent
sale of an interest in the Receivables to the Program Agent for the benefit of the
Purchasers under the Purchase Agreement or other cash on hand; and/or
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | second,
by delivery of the proceeds of a PepsiAmericas Subordinated Loan or a Subordinated Loan
or of a capital contribution from PepsiAmericas; provided that the making of any
such Subordinated Loans shall be subject to the provisions set forth in Section
1.2(a)(ii).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|On each Business Day, the Buyer will
apply amounts paid to it under the Purchase Agreement to the purchase of additional
Receivables generated by the Originators. The allocation of Purchase Agreement payments by
the Buyer to each Originator on each day for the purchase of new Receivables will be made
based on estimates made by the Servicer of the amount of Receivables to be generated by
such Originator during such month. Any amount by which the Purchase Agreement proceeds
received by the Buyer on any day exceed the Purchase Price of new Receivables generated on
such day by the Originators will be applied by the Buyer to the repayment of the
PepsiAmericas Subordinated Loan, to the repayment of any outstanding Subordinated Loans
from the Originators, or shall be retained by the Buyer to the extent of any excess of the
amount of such Purchase Agreement proceeds over the outstanding principal balance of the
PepsiAmericas Subordinated Loans and the Subordinated Loans from the Originators. The
Buyer will direct the Servicer that all proceeds received by the Buyer from the sale of an
interest in the Receivables pursuant to the Purchase Agreement shall be paid to an account
or accounts at PepsiAmericas for allocation to each Originator and the Buyer as provided
above.


Subject
to the limitations set forth in Section 1.2(a)(ii), such Originator irrevocably
agrees to advance each Subordinated Loan requested by Buyer on or prior to the Termination
Date. The Subordinated Loans and the PepsiAmericas Subordinated Loans shall be evidenced
by, and shall be payable in accordance with the terms and provisions of such
Originators Subordinated Note or the PepsiAmericas Subordinated Note, as applicable,
and shall be payable solely from funds which Buyer is not required under the Purchase
Agreement to set aside for the benefit of, or otherwise pay over to, the Purchasers.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)              From
and after the Termination Date, no Originator shall be obligated to (but           may,
at its option) sell its Receivables to Buyer unless such Originator           reasonably
determines that the Purchase Price therefore will be satisfied with           funds
available to Buyer from sales of interests in the Receivables pursuant to           the
Purchase Agreement, Collections, proceeds of Subordinated Loans or
          PepsiAmericas Subordinated Loans, other cash on hand or otherwise.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)              Although
the Purchase Price for each Receivable coming into existence after the           Initial
Cutoff Date shall be due and payable in full by Buyer to the applicable
          Originator on the date such Receivable came into existence, payments may be
made           by Buyer from time to time with proceeds of the subsequent sale of an
interest           in the Receivables to the Program Agent for the benefit of the
Purchasers under           the Purchase Agreement with the understanding that unless
earlier paid in such           manner settlement of the Purchase Price between Buyer and
such Originator shall           be effected on a monthly basis on Settlement Dates with
respect to all           Receivables originated by such Originator during the same
Monthly Period and           based on the information contained in the Investor Report
delivered by the           Servicer pursuant to Section 5.04(b)(iv) of the
Purchase Agreement for           the Monthly Period then most recently ended. Although
settlement shall be           effected on Settlement Dates, increases or decreases in the
amount owing under           the applicable Subordinated Note made pursuant to Section
1.2(b) shall be           deemed to have occurred and shall be effective as of the
last Business Day of           the Monthly Period to which such settlement relates.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4
|-

| | Section
1.3 Purchase Price Credit Adjustments. If on any day, any Originator is deemed to
have received a Deemed Collection with respect to any Receivable sold by it to Buyer
hereunder, then, in such event, Buyer shall be entitled to a credit (each, a Purchase
Price Credit) against the Purchase Price otherwise payable to such Originator
hereunder in an amount equal to such Deemed Collection. If such Purchase Price Credit
exceeds the original Outstanding Balance of the Receivables originated by the applicable
Originator on such day, then the applicable Originator shall pay the remaining amount of
such Purchase Price Credit in cash not later than the next Settlement Date provided that
if the Termination Date has not occurred, such Originator shall be allowed to deduct the
remaining amount of such Purchase Price Credit from any Indebtedness owed to it under its
Subordinated Note to the extent permitted thereunder.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
1.4 Payments and Computations, Etc. All amounts to be paid or deposited by Buyer
hereunder shall be paid or deposited in accordance with the terms hereof on the day when
due in immediately available funds to the account of the applicable Originator designated
from time to time by such Originator or as otherwise directed by such Originator. In the
event that any payment owed by any Person hereunder becomes due on a day that is not a
Business Day, then such payment shall be made on the next succeeding Business Day. If any
Person fails to pay any amount hereunder when due, such Person agrees to pay, on demand,
the Default Fee in respect thereof until paid in full; provided, however,
that such Default Fee shall not at any time exceed the maximum rate permitted by
applicable law.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
1.5 Transfer of Records.
| | --------------------------------

| | (a)              In
connection with the Purchase of Receivables from each Originator hereunder,
          such Originator hereby sells, transfers, assigns and otherwise conveys to Buyer
          all of such Originators right and title to and interest in the Records
          relating to all Receivables sold by such Originator hereunder, without the need
          for any further documentation in connection with the Purchase. In connection
          with such transfer, such Originator hereby grants to each of Buyer, the Program
          Agent and the Servicer an irrevocable, non-exclusive license to use, without
          royalty or payment of any kind, all software used by such Originator to account
          for the Receivables originated or serviced by such Originator, to the extent
          necessary to administer such Receivables, whether such software is owned by
such           Originator or is owned by others and used by such Originator under license
          agreements with respect thereto, providedthat should the consent of any
          licensor of such software be required for the grant of the license described
          herein, to be effective, such Originator hereby agrees that upon the request of
          Buyer (or Buyers assignee), such Originator will use its reasonable
          efforts to obtain the consent of such third-party licensor. The license granted
          hereby shall be irrevocable until the indefeasible payment in full of the
          Aggregate Unpaids, and shall terminate on the date this Agreement terminates in
          accordance with its terms.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5
|-

| | (b)              Each
Originator (i) shall take such action requested by Buyer and/or the Program
          Agent (as Buyers assignee), from time to time hereafter, that may be
          necessary or appropriate to ensure that Buyer and its assigns under the
Purchase           Agreement have an enforceable ownership interest in the Records
relating to the           Receivables purchased from such Originator hereunder, and (ii)
shall use its           reasonable efforts to ensure that Buyer, the Program Agent and
the Servicer each           has an enforceable right (whether by license or sublicense or
otherwise) to use           all of the computer software used to account for such
Receivables and/or to           recreate such Records.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
1.6 Characterization. If, notwithstanding the intention of the parties expressed
in Section 1.1(b), any sale by any Originator to Buyer of Receivables hereunder
shall be characterized as a secured loan and not a sale, or such sale shall for any
reason be ineffective or unenforceable, then this Agreement shall be deemed to constitute
a security agreement under the UCC and other applicable law. For this purpose and without
being in derogation of the parties intention that each sale of Receivables
hereunder shall constitute a true sale thereof, each Originator hereby grants to Buyer on
and after the Initial Purchase Date a duly perfected security interest in all of such
Originators right, title and interest in, to and under all Receivables now existing
and hereafter arising, and in all Collections and Related Security with respect thereto,
each Lock-Box and Lock-Box Account, all other rights and payments relating to the
Receivables and all proceeds of the foregoing to secure the prompt and complete payment
of a loan deemed to have been made in an amount equal to the Purchase Price of the
Receivables originated by such Originator together with all other obligations of such
Originator hereunder, which security interest shall be prior to all other Adverse Claims
thereto. Buyer and its assigns shall have, in addition to the rights and remedies which
they may have under this Agreement, all other rights and remedies provided to a secured
creditor under the UCC and other applicable law, which rights and remedies shall be
cumulative.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE II REPRESENTATIONS AND
WARRANTIES
|-----------------------------------------

| | Section
2.1 Representations and Warranties of Originators. On the date of the Purchase and
on each date after the Initial Cut-off Date that any Receivable is originated by such
Originator, each Originator hereby represents and warrants to Buyer, as to such
Originator and the Receivables then being transferred by such Originator to Buyer
hereunder, that:
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (a)    Existence
and Power. Such Originator is a corporation or limited           liability company,
as applicable, duly organized, validly existing and in good           standing under the
laws of the state mentioned after its name in the preamble to           this Agreement,
and is duly qualified to do business and is in good standing as           a foreign
corporation or limited liability company, as applicable, and has and           holds all
corporate or limited liability company power and all governmental           licenses,
authorizations, consents and approvals required to carry on its           business in
each jurisdiction in which its business is conducted except where           the failure
to so qualify or so hold could not reasonably be expected to have a           Material
Adverse Effect.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6
|-

| | (b)    Power
and Authority: Due Authorization, Execution and Delivery. The           execution and
delivery by such Originator of this Agreement and each other           Transaction
Document to which it is a party, and the performance of its           obligations
hereunder and thereunder and such Originators use of the           proceeds of the
Purchase made from it hereunder, are within its corporate or           limited liability
company powers and authority and have been duly authorized by           all necessary
corporate or limited liability company action on its part. This           Agreement and
each other Transaction Document to which such Originator is a           party has been
duly executed and delivered by such Originator.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)    No
Conflict; No Bulk Sale. The execution and delivery by such Originator           of
this Agreement and each other Transaction Document to which it is a party,           and
the performance of its obligations hereunder and thereunder do not           contravene
or violate (i) its certificate or articles of incorporation or           certificate of
formation or by-laws or limited liability company operating           agreement or any
shareholder agreements, voting trusts, and similar arrangements           applicable to
any of its authorized shares or membership interests, (ii) any           law, rule or
regulation applicable to it, (iii) any restrictions under any           agreement,
contract or instrument to which it is a party or by which it or any           of its
property is bound, or (iv) any order, writ, judgment, award, injunction           or
decree binding on or affecting it or its property, and do not result in the
          creation or imposition of any Adverse Claim on assets of such Originator or its
          Subsidiaries (except as created hereunder) except, in any case, where such
          contravention or violation could not reasonably be expected to have a Material
          Adverse Effect. No transaction contemplated hereby with respect to such
          Originator requires compliance with any bulk sales act or similar law.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)    Governmental
Authorization. Other than the filing of the financing           statements required
hereunder, no authorization or approval or other action by,           and no notice to or
filing with, any governmental authority or regulatory body           is required for the
due execution and delivery by such Originator of this           Agreement and each other
Transaction Document to which it is a party and the           performance of its
obligations hereunder and thereunder.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)    Actions,
Suits. Except as disclosed in PepsiAmericas reports on SEC           Form 10-K
or 10-Q, there are no actions, suits or proceedings pending, or to the           best of
such Originators knowledge, threatened, against or affecting such
          Originator, or any of its properties, in or before any court, arbitrator or
          other body, that could reasonably be expected to have a Material Adverse
Effect.           Such Originator is not in default with respect to any order of any
court,           arbitrator or governmental body which default could reasonably be
expected to           have a Material Adverse Effect.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)    Binding
Effect. This Agreement and each other Transaction Document to           which such
Originator is a party constitute the legal, valid and binding           obligations of
such Originator enforceable against such Originator in accordance           with their
respective terms, except as such enforcement may be limited by           applicable
bankruptcy, insolvency, reorganization or other similar laws relating           to or
limiting creditors rights generally and by general principles of           equity
(regardless of whether enforcement is sought in a proceeding in equity or           at
law).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|7
|-

| | (g)    Accuracy
of Information. All information heretofore furnished by such           Originator or
any of its Affiliates to Buyer (or its assigns) for purposes of or           in
connection with this Agreement, any of the other Transaction Documents or any
          transaction contemplated hereby or thereby is, and all such information
          hereafter furnished by such Originator or any of its Affiliates to Buyer (or
its           assigns) will be, true and accurate in every material respect on the date
such           information is stated or certified and does not and will not contain any
          material misstatement of fact or omit to state a material fact or any fact
          necessary to make the statements contained therein not misleading.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (h)    Use
of Proceeds. No proceeds of the Purchase from such Originator           hereunder
will be used (i) for a purpose that violates, or would be inconsistent           with,
any law, rule or regulation applicable to such Originator or (ii) to           acquire
any security in any transaction which is subject to Section 12, 13 or 14           of the
Securities Exchange Act of 1934, as amended.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)    Good
Title. Immediately prior to the Purchase from such Originator           hereunder and
upon origination by such Originator of each Receivable after the           Initial
Cut-Off Date, such Originator (i) is the legal and beneficial owner of           the
Receivables originated by it and (ii) is the legal and beneficial owner of           the
Related Security with respect thereto or possesses a valid and perfected
          security interest therein, in each case, free and clear of any Adverse Claim,
          except as created by the Transaction Documents. There have been duly filed all
          financing statements or other similar instruments or documents necessary under
          the UCC (or any comparable law) of all appropriate jurisdictions to perfect
such           Originators ownership interest in each Receivable, its Collections
and the           Related Security.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)    Perfection.
This Agreement, together with the filing of the financing           statements
contemplated hereby, is effective to transfer to Buyer (and Buyer           shall acquire
from such Originator) (i) legal and equitable title to, with the           right to sell
and encumber each Receivable originated by such Originator,           whether now
existing or hereafter arising, together with the Collections with           respect
thereto, and (ii) to the extent the same comprise accounts or payment
          intangibles, general intangibles or other assets in respect of which the filing
          of a UCC financing statement in the debtors jurisdiction of organization
          is sufficient to perfect an ownership or security interest, all of such
          Originators right, title and interest in the Related Security associated
          with each such Receivable, in each case, free and clear of any Adverse Claim,
          except as created by the Transactions Documents. There have been duly filed all
          financing statements or other similar instruments or documents necessary under
          the UCC (or any comparable law) of all appropriate jurisdictions to perfect
          Buyers ownership interest in the Receivables originated by such
          Originator, to the extent the same comprise accounts or payment intangibles,
          general intangibles or other assets in respect of which the filing of a UCC
          financing statement in the debtors jurisdiction of organization is
          sufficient to perfect an ownership or security interest, the Related Security
          and the Collections.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (k)    Places
of Business and Locations of Records. The state of incorporation           or
organization, principal places of business and chief executive office of such
          Originator and the offices where it keeps all of its Records are listed on Exhibit
II or such other locations of which Buyer has been notified in           accordance
with Section 4.2(a) in jurisdictions where all action required           by Section
4.2(a) has been taken and completed. Such Originators           organizational
identification number issued by such Originators state of           incorporation
or organization or a statement that no such number has been issued           is correctly
set forth on Exhibit II.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|8
|-

| | (l)    Collections.
The conditions and requirements set forth in Section           4.1(i) have at all
times been satisfied and duly performed. The names and           addresses of all
Lock-Box Banks, together with the account numbers of the           Lock-Box Accounts of
such Originator at each Lock-Box Bank and the post office           box number of each
Lock-Box, are listed on Exhibit III. Such Originator           has not granted any
Person, other than Buyer (and its assigns) dominion and           control of any Lock-Box
or Lock-Box Account, or the right to take dominion and           control of any such
Lock-Box or Lock-Box Account at a future time or upon the           occurrence of a
future event.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (m)    Material
Adverse Effect. Since December 31, 2001, no event has occurred           that would
have a material adverse effect on (i) the ability of such Originator           to perform
its obligations under this Agreement, or (ii) the collectibility of           the
Receivables originated by such Originator generally or any material portion           of
such Receivables.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (n)    Names.
In the past five (5) years, such Originator has not used any           corporate names,
trade names or assumed names other than the name in which it           has executed this
Agreement and as listed on Exhibit II.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (o)    Ownership
of Originators. PepsiAmericas owns, directly or indirectly,           100% of the
issued and outstanding shares of capital stock of such Originator,           free and
clear of any Adverse Claim. Such capital stock is validly issued, fully           paid
and nonassessable, and there are no options, warrants or other rights to
          acquire securities of such Originator.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (p)    Not
a Holding Company or an Investment Company. Such Originator is not a           holding
company or a subsidiary holdingcompany of a holding
company within the meaning of           the Public Utility Holding Company Act
of 1935, as amended, or any successor           statute. Such Originator is not an investment
company within           the meaning of the Investment Company Act of 1940, as
amended, or any successor           statute.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (q)    Compliance
with Law. Such Originator has complied in all respects with           all applicable
laws, rules, regulations, orders, writs, judgments, injunctions,           decrees or
awards to which it may be subject, except where the failure to so           comply could
not reasonably be expected to have a Material Adverse Effect. Each           Receivable
originated by such Originator that as of its date of transfer to           Buyer
hereunder is to be included in the calculation of the Net Receivables Pool
          Balance as an Eligible Receivable (an NRB Receivable), under
          the Purchase Agreement, together with the Contract related thereto, does not
          contravene any laws, rules or regulations applicable thereto (including,
without limitation, laws, rules and regulations relating to truth in
          lending, fair credit billing, fair credit reporting, equal credit opportunity,
          fair debt collection practices and privacy), and no part of such Contract is
          then in violation of any such law, rule or regulation, except where such
          contravention or violation could not reasonably be expected to have a Material
          Adverse Effect.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (r)    Compliance
with Credit and Collection Policy. Such Originator has           complied in all
material respects with the Credit and Collection Policy with           regard to each NRB
Receivable originated by it and the related Contract, and has           not made any
change to such Credit and Collection Policy, except such material           change as to
which Buyer (or its assigns) has been notified in accordance with Section 4.1(a)(vii).
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|9
|-

| | (s)    Payments
to such Originator. With respect to each Receivable transferred           hereunder
by such Originator to Buyer, the Purchase Price received by such           Originator
constitutes reasonably equivalent value in consideration therefore           and such
transfer was not made for or on account of an antecedent debt. No           transfer by
such Originator of any Receivable hereunder is or may be voidable           under any
section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§          101 et
seq.), as amended.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (t)    Enforceability
of Contracts. Each Contract with respect to each NRB           Receivable originated
by such Originator is effective to create, and has           created, a legal, valid and
binding obligation of the related Obligor to pay the           Outstanding Balance of the
Receivable created thereunder and any accrued           interest thereon, enforceable
against the Obligor in accordance with its terms,           except as such enforcement
may be limited by applicable bankruptcy, insolvency,           reorganization or other
similar laws relating to or limiting creditors          rights generally and by
general principles of equity (regardless of whether           enforcement is sought in a
proceeding in equity or at law).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (u)    Accounts.
Each Receivable originated by such Originator is an           account or
payment intangible under and as defined in           the UCC of all
applicable jurisdictions.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)    Accounting.
The manner in which such Originator accounts for the           transactions contemplated
by this Agreement does not jeopardize the true sale           analysis as between Buyer
and such Originator.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE III CONDITIONS OF PURCHASE
|----------------------------------

| | Section
3.1 Conditions Precedent to Purchase. The Purchase from each Originator under this
Agreement is subject to the conditions precedent that (a) Buyer shall have received on or
before the date of such purchase those documents listed on Schedule Aand (b) all
of the conditions to the initial purchase under the Purchase Agreement shall have been
satisfied or waived in accordance with the terms thereof.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
3.2 Conditions Precedent to Subsequent Payments. Buyers obligation to pay
each Originator for Receivables originated by such Originator after the Initial Cutoff
Date shall be subject to the further conditions precedent that: (a) the Termination Date
shall not have occurred; (b) Buyer (or its assigns) shall have received such other
approvals, opinions or documents as it may reasonably request in writing not less than 5
Business Days prior to such payment, it being understood that any such request shall be
made by Buyer (or its assigns) only upon the determination by Buyer (or such assigns)
that (i) in the case of an opinion, a change in applicable law or facts has occurred and
(ii) in all other cases, that a reasonable risk then exists that an event having a
Material Adverse Effect or constituting a Termination Event shall have occurred or could
reasonably be expected to occur, and in each of the foregoing cases, the scope of any
such requested approvals, opinions or documents shall be limited to providing assurances
to Buyer (and its assigns) in relation to such change or event; and (c) on the date such
Receivable came into existence, the following statements shall be true (and acceptance of
the proceeds of any payment for such Receivable shall be deemed a representation and
warranty by such Originator that such statements are then true):
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10

|
|

| | (i)              the
representations and warranties of such Originator set forth in Article           II are
true and correct on and as of the date such Receivable came into           existence as
though made on and as of such date; and
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)              no
event has occurred and is continuing that will constitute a Termination           Event.
| | -------------------------------------------------------------------------------------------------------------

|Notwithstanding the foregoing
conditions precedent, upon payment of the Purchase Price for any Receivable originated by
any Originator (whether by payment of cash, through an increase in the amounts outstanding
under the applicable Subordinated Note, and/or by offset of amounts owed to Buyer), title
to such Receivable and the Related Security and Collections with respect thereto shall
vest in Buyer, whether or not the conditions precedent to Buyers obligation to pay
for such Receivable were in fact satisfied. The failure of any Originator to satisfy any
of the foregoing conditions precedent, however, shall give rise to a right of Buyer to
rescind the related purchase from such Originator and direct such Originator to pay to
Buyer an amount equal to the Purchase Price payment that shall have been made with respect
to any Receivables related thereto.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
3.3 Reaffirmation of Representations and Warranties. Each Originator, by accepting
the Purchase Price related to each purchase of such Originators Receivables and
Related Security, shall be deemed to have certified that the representations and
warranties of such Originator contained in Article II are true and correct as to
such Originator on and as of the date of such purchase, with the same effect as though
made on and as of such day, and that each of the applicable conditions precedent set
forth in this Article III has been satisfied as of the date of such purchase.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE IV COVENANTS
|--------------------

| | Section
4.1 Affirmative Covenants of Originators. Until the date on which this Agreement
terminates in accordance with its terms, each Originator hereby covenants as set forth
below:
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (a)    Financial
Reporting. Such Originator will maintain, for itself and each           of its
Subsidiaries, a system of accounting established and administered in           accordance
with Agreement Accounting Principles, and furnish to Buyer (or its           assigns)
unless another Originator has already done so:
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)    Annual
Reporting. Within 120 days after the close of each of           PepsiAmericas respective
fiscal years, audited, unqualified financial           statements (which shall include
consolidated balance sheets, statements of           income and retained earnings and a
statement of cash flows) for PepsiAmericas           and its consolidated Subsidiaries
for such fiscal year certified in a manner           acceptable to Buyer (or its assigns)
by independent public accountants           acceptable to Buyer (or its assigns).
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|11
|--

| | (ii)    Quarterly
Reporting. Within 60 days after the close of the first three           (3) quarterly
periods of each of PepsiAmericas respective fiscal years,           consolidated
balance sheets of PepsiAmericas and its consolidated Subsidiaries           as at the
close of each such period and statements of income and retained           earnings and a
statement of cash flows for PepsiAmericas and its consolidated           Subsidiaries for
the period from the beginning of such fiscal year to the end of           such quarter,
all certified by a Responsible Officer of PepsiAmericas.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)    Compliance
Certificate. Together with the financial statements required           hereunder, a
compliance certificate in substantially the form of Exhibit           IV signed by
a Responsible Officer of PepsiAmericas and dated the date of           such annual
financial statement or such quarterly financial statement, as the           case may be.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)    Shareholders
Statements and Reports. Promptly upon the furnishing thereof           to the
shareholders of PepsiAmericas, copies of all financial statements,           reports and
proxy statements so furnished.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)    S.E.C.
Filings. Promptly upon the filing thereof, copies of all           registration
statements and annual, quarterly, monthly or other regular reports           which
PepsiAmericas or any of its Subsidiaries files with the Securities and           Exchange
Commission.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vi)    Copies
of Notices. Promptly upon its receipt of any notice, request for           consent,
financial statements, certification, report or other communication           under or in
connection with any Transaction Document from any Person other than           Buyer, the
Program Agent or any Purchaser, copies of the same.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vii)    Change
in Credit and Collection Policy. At least thirty (30) days prior           to the
effectiveness of any material change in or material amendment to the           Credit and
Collection Policy, a copy of the Credit and Collection Policy then in           effect
and a notice (A) indicating such change or amendment, and (B) if such           proposed
change or amendment would be reasonably likely to adversely affect the
          collectibility of the Receivables originated by such Originator or decrease the
          credit quality of any newly created Receivables, requesting Buyers
consent           thereto.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (viii)    Other
Information. Promptly, from time to time, such other information,
          documents, records or reports relating to the Receivables or the condition or
          operations, financial or otherwise, of such Originator as Buyer (or its
assigns)           may from time to time reasonably request in order to protect the
interests of           Buyer (and its assigns) under or as contemplated by this
Agreement.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)    Notices.
Such Originator will notify the Buyer (or its assigns) in           writing of any of the
following promptly upon learning of the occurrence           thereof, describing the same
and, if applicable, the steps being taken with           respect thereto unless another
Originator has already done so:
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)    Termination
Events or Potential Termination Events. The occurrence of           each Termination
Event and each Potential Termination Event, by a statement of a           Responsible
Officer of such Originator.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|12
|--

| | (ii)    Judgment
and Proceedings. (1) The entry of any judgment or decree against           any
Originator or any of its Subsidiaries if the aggregate amount of all           judgments
and decrees then outstanding against the Originators and their           Subsidiaries
exceeds $1,000,000 after deducting (a) the amount with respect to           which the
applicable Originator or Subsidiary is insured and with respect to           which the
insurer has assumed responsibility in writing, and (b) the amount for           which the
applicable Originator or Subsidiary is otherwise indemnified if the           terms of
such indemnification are satisfactory to Buyer (or its assigns), and           (2) the
institution of any litigation, arbitration proceeding or governmental
          proceeding against any Originator which, individually or in the aggregate,
could           reasonably be expected to have a Material Adverse Effect.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)    Material
Adverse Effect. The occurrence of any event or condition that           has had, or
could reasonably be expected to have, a Material Adverse Effect.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)    Defaults
Under Other Agreements. The occurrence of a default or an event           of default
under any other financing arrangement involving indebtedness with an           aggregate
principal amount for all Originators in excess of $30,000,000 pursuant           to which
such Originator is a debtor or an obligor.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)    Downgrade
of PepsiAmericas. Any downgrade in the rating of any           Indebtedness of
PepsiAmericas by S&P or by Moodys setting forth the           Indebtedness
affected and the nature of such change.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)    Compliance
with Laws and Preservation of Existence. Such Originator will           comply in all
respects with all applicable laws, rules, regulations, orders,           writs,
judgments, injunctions, decrees or awards to which it may be subject,           except
where the failure to so comply could not reasonably be expected to have a
          Material Adverse Effect. Such Originator will preserve and maintain its
          corporate or limited liability company existence, rights, franchises and
          privileges in the jurisdiction of its organization, and qualify and remain
          qualified in good standing as a foreign corporation or limited liability
          company, as applicable, in each jurisdiction where its business is conducted,
          except where the failure to so qualify or remain in good standing could not
          reasonably be expected to have a Material Adverse Effect.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)    Audits.
Such Originator will furnish to Buyer (or its assigns) from time           to time such
information with respect to it and the Receivables originated or           serviced by it
as Buyer (or its assigns) may reasonably request to the extent           that such
Originator may lawfully do so. Such Originator will, from time to time           during
regular business hours as requested by Buyer (or its assigns), upon           reasonable
notice and at the sole cost of such Originator, permit Buyer (or its           assigns)
or their respective agents or representatives: (i) to examine and make           copies
of and abstracts from all Records in the possession or under the control           of
such Originator relating to such Receivables and the Related Security,
          including, without limitation, the related Contracts, and (ii) to visit the
          offices and properties of such Originator for the purpose of examining such
          materials described in clause (i) above, and to discuss matters relating to
such           Originators financial condition or such Receivables and the Related
          Security or such Originators performance under any of the Transaction
          Documents or such Originators performance under the Contracts and, in
each           case, with any of the officers or employees of such Originator having
knowledge           of such matters. Each Originator shall bear the reasonable costs and
expenses of           a single audit in respect of such Originator conducted by or at the
direction of           Buyer (or its assigns) approximately every twelve months and shall
not have any           obligation to reimburse Buyer (or any of its assigns) in respect
of the costs or           expenses of any additional audit requested or directed by Buyer
(or any of its           assigns), such audit to be conducted at the time of and in
conjunction with any           audit required of Buyer under the Purchase Agreement; provided that,
upon           the occurrence and during the continuance of any Termination Event, such
          Originator shall bear the reasonable costs and expenses of any additional audit
          of such Originator reasonably determined by Buyer (or its assigns) to be
          necessary or appropriate under such circumstances in order to protect the
          interests of Buyer (and its assigns) under and as contemplated by this
          Agreement.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|13
|--

| | (e)    Keeping
and Marking of Records and Books.
| | ------------------------------------------------

| | (i)              Such
Originator will maintain and implement administrative and operating           procedures
(including, without limitation, an ability to recreate records           evidencing
Receivables originated by it in the event of the destruction of the           originals
thereof), and keep and maintain all documents, books, records and           other
information reasonably necessary or advisable for the collection of all           such
Receivables (including, without limitation, records adequate to permit the
          immediate identification of each such new Receivable and all Collections of and
          adjustments to each such existing Receivable). Such Originator will give Buyer
          (or its assigns) notice of any material change in the administrative and
          operating procedures referred to in the previous sentence.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)              Such
Originator will: (A) on or prior to the date hereof, mark its master data
          processing records and other books and records relating to the Receivables
          originated by it with a legend, acceptable to Buyer (or its assigns),
describing           Buyers ownership interests in such Receivables and further
describing the           Purchased Interests of the Program Agent (on behalf of the
Purchasers) under the           Purchase Agreement and (B) upon the request of Buyer (or
its assigns), (x) mark           each Contract with a legend describing Buyers
ownership interests in such           Receivables and further describing the Purchased
Interests of the Program Agent           (on behalf of the Purchasers) and (y) deliver to
Buyer (or its assigns) all           Contracts (including, without limitation, all
multiple originals of any such           Contract) relating to such Receivables.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (f)    Compliance
with Contracts and Credit and Collection Policy. Such           Originator will
timely and fully (i) perform and comply with all provisions,           covenants and
other promises required to be observed by it under the Contracts           related to the
Receivables originated or serviced by it, and (ii) comply in all           respects with
the Credit and Collection Policy in regard to each such Receivable           and the
related Contract.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (g)    Ownership.
Such Originator will take all necessary action to establish           and maintain,
irrevocably in Buyer, (i) legal and equitable title to the           Receivables
originated by such Originator and the associated Collections and           (ii) all of
such Originators right, title and interest in the Related           Security
associated with such Receivables, in each case, free and clear of any           Adverse
Claims other than Adverse Claims in favor of Buyer (and its assigns)           (including,
without limitation, the filing of all financing           statements or other
similar instruments or documents necessary under the UCC (or           any comparable
law) in all appropriate jurisdictions to perfect Buyers           interest in such
Receivables, Related Security and Collections with or, to the           extent permitted
by applicable law, without such Originators signature and           such other
action to perfect, protect or more fully evidence the interest of           Buyer as
Buyer (or its assigns) may reasonably request). With respect to Related
          Security, each Originator shall be in compliance with this Section 4.1(g)          if
it shall have caused appropriate filings to be made of UCC financing           statements
in respect thereof in such Originators jurisdiction of           organization.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|14
|--

| | (h)    Purchasers Reliance.
Such Originator acknowledges that the Program           Agent and the Purchasers are
entering into the transactions contemplated by the           Purchase Agreement in
reliance upon Buyers identity as a legal entity that           is separate from
such Originator and any Affiliates thereof. Therefore, from and           after the date
of execution and delivery of this Agreement, such Originator will           take all
reasonable steps including, without limitation, all steps that Buyer or           any
assignee of Buyer may from time to time reasonably request to maintain           Buyers
identity as a separate legal entity and to make it manifest to           third parties
that Buyer is an entity with assets and liabilities distinct from           those of such
Originator and any Affiliates thereof and not just a division of           such
Originator or any such Affiliate. Without limiting the generality of the
          foregoing and in addition to the other covenants set forth herein, such
          Originator (i) will not hold itself out to third parties as liable for the
debts           of Buyer nor purport to own the Receivables and other assets acquired by
Buyer,           (ii) will take all other actions necessary on its part to ensure that
Buyer is           at all times in compliance with the covenants set forth in Section
          5.01(j) of the Purchase Agreement, it being understood that such Originator
          does not undertake to perform any of the obligations of Buyer under the
Purchase           Agreement, and (iii) will cause all tax liabilities arising in
connection with           the transactions contemplated herein or otherwise to be
allocated between such           Originator and Buyer on an arms-length basis and
in a manner consistent           with the procedures set forth in U.S. Treasury
Regulations           §§1.1502-33(d) and 1.1552-1.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)    Collections.
Such Originator shall direct all Obligors to make payments           of such Originators
Receivables directly to a Lock Box or Lock-Box Account           that is the subject of a
Lock-Box Agreement at a Lock-Box Bank. If,           notwithstanding the foregoing, any
Obligor makes payment to such Originator,           such Originator further agrees to
remit any Collections (including any security           deposits applied to the
Outstanding Balance of any Receivable) that it receives           on such Receivables to
a Lock-Box Bank for deposit into a Lock-Box Account           within two (2) Business
Days after receipt thereof, and agrees that all such           Collections shall be
deemed to be received in trust for Buyer and its assigns; provided that, to the
extent permitted pursuant to Section 1.2, such           Originator may retain such
Collections as a portion of the Purchase Price then           payable to or apply such
Collections to the reduction of the outstanding balance           of its Subordinated
Note.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (j)    Taxes.
Except to the extent that such Originator is included in           consolidated tax
returns or reports filed by PepsiAmericas, such Originator will           file all tax
returns and reports required by law to be filed by it and will           promptly pay all
taxes and governmental charges at any time owing, except any           such taxes which
are not yet delinquent or are being diligently contested in           good faith by
appropriate proceedings and for which adequate reserves in           accordance with
Agreement Accounting Principles shall have been set aside on its           books.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|15
|--

| | Section
4.2 Negative Covenants of Originators. Until the date on which this Agreement
terminates in accordance with its terms, each Originator hereby covenants that:
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (a)    Name
Change, Offices and Records. Such Originator will not change its           name, type
of organization or organizational identification number (within the           meaning of
Sections 9-503 and 9-516 of any applicable enactment of the UCC) or
          reincorporate or reorganize itself under the laws of any jurisdiction
including,           without limitation, the jurisdiction in which it is incorporated or
organized as           of the date hereof unless it shall have: (i) given Buyer (or its
assigns) at           least thirty (30) days prior written notice thereof and (ii)
delivered to           Buyer (or its assigns) all financing statements, instruments and
other documents           requested by Buyer (or its assigns) in connection with such
change or           relocation.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)    Change
in Payment Instructions to Obligors. Such Originator will not add           or
terminate any bank as a Lock-Box Bank, or make any change in the instructions
          to Obligors regarding payments to be made to any Lock-Box Account, unless Buyer
          (or its assigns) shall have received, at least ten (10) days before the
proposed           effective date therefore, (i) written notice of such addition,
termination or           change and (ii) with respect to the addition of a Lock-Box Bank
or a Lock-Box           Account or Lock-Box, an executed Lock-Box Agreement with respect
to the new           Lock-Box Account or Lock-Box; provided, however, that
such           Originator may make changes in instructions to Obligors regarding payments
if           such new instructions require such Obligor to make payments to another
existing           Lock-Box Account.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)    Modifications
to Contracts and Credit and Collection Policy. Such           Originator will not
make any change to the Credit and Collection Policy that           could adversely affect
the collectibility of the Receivables originated or           serviced by such Originator
or decrease the credit quality of any such newly           created Receivables. Except as
otherwise permitted in its capacity as a           sub-servicer pursuant to Article VI of
the Purchase Agreement, such           Originator will not extend, amend or otherwise
modify the terms of any           Receivable originated or serviced by it or any Contract
related thereto other           than in accordance with the Credit and Collection Policy.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)    Sales,
Liens. Except pursuant to the Transaction Documents, such           Originator will
not sell, assign (by operation of law or otherwise) or otherwise           dispose of, or
grant any option with respect to, or create or suffer to exist           any Adverse
Claim upon (including, without limitation, the filing of any           financing
statement) or with respect to, any Receivable originated by it or the
          associated Related Security or Collections, or upon or with respect to any
          Contract under which any Receivable arises, or any Lock-Box or Lock-Box
Account,           or assign any right to receive income with respect thereto (other
than, in each           case, the creation of the interests therein in favor of Buyer
provided for           herein), and such Originator will defend the right, title and
interest of Buyer           in, to and under any of the foregoing property, against all
claims of third           parties claiming through or under such Originator.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (e)    Accounting
for Purchase. Such Originator will not, and will not permit           any Affiliate
to, account for the transactions contemplated hereby in any manner           other than
as a sale by such Originator to Buyer of Receivables originated by           such
Originator and the associated Collections and Related Security.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|16
|--

|ARTICLE VTERMINATION EVENTS
|---------------------------

| | Section
5.1       Termination Events.  The occurrence of any one or more of the following events
shall constitute a Termination Event:
| | --------------------------------------------------------------------------------------------------------------------------------------

| | (a)              Such
Originator shall fail (i) to make any payment or deposit required hereunder
          when due and such failure continues for one (1) Business Day; provided that, if
          such Originator shall have taken all actions necessary on its part to initiate
          any such payment or deposit on the date when due hereunder, and a malfunction
or           failure in the wire-transfer, interbank transfer or other relevant
commercial           payment system shall occur that is beyond the control of such
Originator and           that results in a delay in the receipt by Buyer or the
applicable payee of such           payment or deposit, such delay shall not constitute a
Termination Event           hereunder, or (ii) to perform or observe any term, covenant
or agreement           hereunder (other than as referred to in clause (i) of this
paragraph (a)) or any           other Transaction Document to which it is a party and
such failure shall           continue for five (5) consecutive Business Days.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              Any
representation, warranty, certification or statement made by such Originator           in
this Agreement, any other Transaction Document or in any other document
          delivered pursuant hereto or thereto shall prove to have been incorrect in any
          material respect when made or deemed made; provided that the materiality
          threshold in the preceding clause shall not be applicable with respect to any
          representation or warranty which itself contains a materiality threshold.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)              Failure
of such Originator to pay when due any Indebtedness in an aggregate           principal
amount for all Originators in excess of the greater of (i) $30,000,000           or (ii)
5% of Consolidated Net Worth; or the default by such Originator in the
          performance of any term, provision or condition contained in any agreement
under           which any such Indebtedness was created or is governed, the effect of
which is           to cause, or to permit the holder or holders of such Indebtedness to
cause, such           Indebtedness to become due prior to its stated maturity; or any
such           Indebtedness of such Originator shall be declared to be due and payable or
          required to be prepaid (other than by a regularly scheduled payment) prior to
          the date of maturity thereof.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d)              (i)
Such Originator shall generally not pay its debts as such debts become due           or
shall admit in writing its inability to pay its debts generally or shall make           a
general assignment for the benefit of creditors; or (ii) any proceeding shall
          be instituted by or against such Originator seeking to adjudicate it bankrupt
or           insolvent, or seeking liquidation, winding up, reorganization, arrangement,
          adjustment, protection, relief or composition of it or its debts under any law
          relating to bankruptcy, insolvency or reorganization or relief of debtors, or
          seeking the entry of an order for relief or the appointment of a receiver,
          trustee or other similar official for it or any substantial part of its
property           or (iii) such Originator or any of its Subsidiaries shall take any
corporate or           limited liability company action to authorize any of the actions
set forth in           the foregoing clauses (i) or (ii) of this subsection (d); provided that
          in the event any of the foregoing action is taken or proceeding commenced
          without the application, approval or consent of the affected Originator, the
          same shall not constitute a Termination Event hereunder unless and until the
          related appointment of a receiver, trustee or similar official, and the related
          proceeding, continues undismissed or unstayed for a period of sixty (60)
          consecutive days.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|17
|--

| | (e)              A
Change of Control shall occur.
| | -------------------------------------------------

| | (f)              One
or more final judgments for the payment of money in an amount in excess of
          $1,000,000, individually or in the aggregate, shall be entered against such
          Originator on claims not covered by insurance or as to which the insurance
          carrier has denied its responsibility, and such judgment shall continue
          unsatisfied and in effect for thirty (30) consecutive days without a stay of
          execution.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
5.2 Remedies. Upon the occurrence and during the continuation of a Termination
Event, Buyer may take any of the following actions: (i) declare the Termination Date to
have occurred, whereupon the Termination Date shall forthwith occur, without demand,
protest or further notice of any kind, all of which are hereby expressly waived by the
Originators; provided, however, that upon the occurrence of a Termination
Event described in Section 5.1(d), or of an actual or deemed entry of an order for
relief with respect to any Originator under the Bankruptcy Code, the Termination Date
shall automatically occur, without demand, protest or any notice of any kind, all of
which are hereby expressly waived by each Originator and (ii) to the fullest extent
permitted by applicable law, declare that the Default Fee shall accrue with respect to
any amounts then due and owing by each Originator to Buyer. The aforementioned rights and
remedies shall be without limitation and shall be in addition to all other rights and
remedies of Buyer and its assigns otherwise available under any other provision of this
Agreement, by operation of law, at equity or otherwise, all of which are hereby expressly
preserved, including, without limitation, all rights and remedies provided under the UCC,
all of which rights shall be cumulative.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE VIINDEMNIFICATION
|-------------------------

| | Section
6.1 Indemnities by Originators. Without limiting any other rights which any
Affected Party may have hereunder or under applicable law (including, without limitation,
the right to recover damages for breach of contract), each Originator hereby agrees to
indemnify Buyer and its assigns, officers, directors, agents and employees (the Indemnified
Parties), from and against any and all damages, losses, claims, liabilities and
related costs and expenses, including reasonable attorneys fees and disbursements
(all of the foregoing being collectively referred to as Indemnified Amounts),
awarded against or incurred by such Indemnified Party to the extent relating to or
arising from or as a result of this Agreement or the acquisition by Buyer of an interest
in the Receivables originated by such Originator. Without limiting the generality of the
foregoing indemnification, each Originator shall indemnify the Indemnified Parties for
Indemnified Amounts relating to or resulting from any of the following:
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (i)              the
transfer by such Originator of an interest in any Receivable other than an
          Eligible Receivable;
| | ------------------------------------------------------------------------------------------------------------------------------

|18
|--

| | (ii)             reliance
on any representation or warranty made or deemed made by such           Originator under
this Agreement or any other Transaction Document to which it is           a party which
shall have been false or incorrect in any respect when made or           deemed made;
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)              the
failure by such Originator to comply with any applicable law, rule or
          regulation with respect to any Receivable, the related Contract, or the Related
          Security, or the nonconformity of any Receivable, the related Contract or the
          Related Security with any such applicable law, rule or regulation;
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)              any
Adverse Claim attaching to any Receivable or any Related Security or
          Collections with respect thereto, whether existing at the time that such
          Receivable initially arose or at any time thereafter, excluding any Adverse
          Claim arising under the Purchase Agreement;
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (v)              any
products liability claim or personal injury or property damage suit or other
          similar or related claim or action of whatever sort arising out of or in
          connection with the goods or services the sale or provision of which gave rise
          to or are the subject of any Receivable or Contract;
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vi)              the
failure to vest and maintain vested in the Buyer (such that Buyer can           further
assign without any restriction imposed by such Originator or by reason           of any
residual interest held by such Originator), a first priority perfected
          ownership interest in the Receivables, together with all Collections and
Related           Security, free and clear of any Lien except a Lien in favor of any
Affected           Party, whether existing at the time such Receivable arose or at any
time           thereafter;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (vii)              the
failure to file, or any delay in filing, financing statements or other           similar
instruments or documents under the applicable UCC or other applicable           laws
naming such Originator as Debtor with respect to any Receivable           or
any Related Security or Collections related thereto;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (viii)              any
dispute, claim, offset or defense (other than as a result of the bankruptcy           or
insolvency of the related Obligor) of an Obligor to the payment of any
          Receivable originated by such Originator (including, without limitation, a
          defense based on such Receivable not being a legal, valid and binding
obligation           of such Obligor enforceable against it in accordance with its
terms), or any           other claim resulting from the sale of goods or services related
to such           Receivable or the furnishing or failure to furnish such goods or
services (other           than as a result of the bankruptcy or insolvency of the related
Obligor);
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ix)              the
commingling of Collections with any other funds of such Originator or any
          Affiliate of such Originator other than as permitted pursuant to the Facility
          Documents;
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (x)              any
investigation, litigation or proceeding related to this Agreement or the use           of
proceeds of purchases made pursuant to this Agreement or any other           Transaction
Document delivered hereunder or in respect of any of the           Receivables, Related
Security and Collections related hereto excluding any           collection costs of the
Buyer or its assigns where the Obligor is financially           unable to pay;
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|19
|--

| | (xi)              any
claim brought by any Person arising from any activity by such Originator or           an
Affiliate of such Originator in servicing, administering or collecting any
          Receivable; or
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (xii)              the
sale by such Originator of any Receivable in violation of any applicable           law,
rule or regulation;
| | ----------------------------------------------------------------------------------------------------------------------------------

| | (xiii)    provided,
that no Originator shall be required to indemnify any           Indemnified Party to the
extent of any amounts (w) resulting from the gross           negligence or willful
misconduct of such Indemnified Party, or (x) constituting           recourse for the lack
of creditworthiness of an Obligor or the failure of an           Obligor to pay a
Receivable due to bankruptcy, insolvency or the financial           inability of such
Obligor to pay such Receivable, or (y) constituting net income           taxes that are
imposed by the United States or franchise taxes or net income           taxes that are
imposed on such Indemnified Party by the jurisdiction under the           laws of which
such Indemnified Party is organized or in which it is otherwise           doing business
or any political subdivision thereof, arising out of or as a           result of this
Agreement or in respect of any Receivable or any Contract, or (z)           which other
provisions of this Agreement expressly provide are not payable by           the
Originators hereunder.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
6.2 Other Costs and Expenses. In addition to the obligations of each Originator
under Section 6.1, each Originator agrees to pay on demand:
| | ---------------------------------------------------------------------------------------------------------------------------------------------------

| | (a)              all
reasonable costs and expenses, including attorneys fees, in connection
          with the enforcement against such Originator of this Agreement and the other
          Transaction Documents executed by such Originator; and
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              all
stamp duties and other similar filing or recording taxes and fees payable or
          determined to be payable in connection with the execution, delivery, filing and
          recording of this Agreement or the other Transaction Documents executed by such
          Originator, and agrees to indemnify Indemnified Parties against any liabilities
          with respect to or resulting from any delay in paying or omission to pay such
          taxes and fees.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|ARTICLE VIIMISCELLANEOUS
|------------------------

| | Section
7.1 Waivers and Amendments.
| | -----------------------------------

| | (a)              No
failure or delay on the part of Buyer (or its assigns) in exercising any           power,
right or remedy under this Agreement shall operate as a waiver thereof,           nor
shall any single or partial exercise of any such power, right or remedy
          preclude any other further exercise thereof or the exercise of any other power,
          right or remedy. The rights and remedies herein provided shall be cumulative
and           nonexclusive of any rights or remedies provided by law. Any waiver of this
          Agreement shall be effective only in the specific instance and for the specific
          purpose for which given.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              No
provision of this Agreement may be amended, supplemented, modified or waived
          except in writing signed by each Originator and Buyer and, to the extent
          required under the Purchase Agreement, the Program Agent and the Committed
          Purchasers or the Majority Committed Purchasers.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|20
|--

| | Section
7.2 Notices. All communications and notices provided for hereunder shall be in
writing (including bank wire, telecopy or electronic facsimile transmission or similar
writing) and shall be given to the other parties hereto at their respective addresses or
telecopy numbers set forth on the signature pages hereof or at such other address or
telecopy number as such Person may hereafter specify for the purpose of notice to each of
the other parties hereto. Each such notice or other communication shall be effective (a)
if given by telecopy, upon the receipt thereof, (b) if given by mail, three (3) Business
Days after the time such communication is deposited in the mail with first class postage
prepaid or (c) if given by any other means, when received at the address specified in
this Section 7.2.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.3       Protection of Ownership Interests of Buyer.
| | -------------------------------------------------------------

| | (a)              Each
Originator agrees that from time to time, at its expense, it will promptly
          execute and deliver all instruments and documents, and take all actions, that
          may be necessary or desirable, or that Buyer (or its assigns) may request, to
          perfect, protect or more fully evidence the interest of Buyer hereunder and
          (solely in relation to such Originator) the Purchaser Interests, or to enable
          Buyer (or its assigns) to exercise and enforce its (or their) rights and
          remedies hereunder. At any time that an Originator ceases to be a sub-servicer
          for the Servicer under the Purchase Agreement, Buyer (or its assigns) may, at
          such Originators sole cost and expense, direct such Originator to notify
          the Obligors of Receivables originated or serviced by it of the ownership
          interests of Buyer under this Agreement and may also direct that payments of
all           amounts due or that become due under any or all Receivables be made
directly to           Buyer or its designee.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              If
any Originator fails to perform any of its obligations hereunder, Buyer (or           its
assigns) may (but shall not be required to) perform, or cause performance           of,
such obligations, and Buyers (or such assigns) costs and           expenses
incurred in connection therewith shall be payable by such Originator as
          provided in Section 6.2. Each Originator irrevocably authorizes Buyer
          (and its assigns) at any time and from time to time in the sole discretion of
          Buyer (or its assigns), and appoints Buyer (and its assigns) as its
          attorney(ies)-in-fact, to act on behalf of such Originator (i) to execute on
          behalf of such Originator as debtor and to file financing statements necessary
          or desirable in Buyers (or its assigns) sole discretion to perfect
          and to maintain the perfection and priority of the interest of Buyer in the
          Receivables and (ii) to file a carbon, photographic or other reproduction of
          this Agreement or any financing statement with respect to the Receivables as a
          financing statement in such offices as Buyer (or its assigns) in their sole
          discretion deem necessary or desirable to perfect and to maintain the
perfection           and priority of Buyers interests in the Receivables. This
appointment is           coupled with an interest and is irrevocable.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.4 Confidentiality.
| | ----------------------------

| | (a)              Each
Originator shall maintain and shall cause each of its employees and           officers to
maintain the confidentiality of this Agreement and the other           confidential or
proprietary information with respect to the Program Agent and           Conduit Purchaser
and their respective businesses obtained by it or them in           connection with the
structuring, negotiating and execution of the transactions           contemplated herein,
except that such Originator and its officers and employees           may disclose such
information to such Originators external accountants and           attorneys and as
required by any applicable law (including in connection with           any filing to be
made under the securities laws and regulations from time to           time) or order of
any judicial or administrative proceeding.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|21
|--

| | (b)              Anything
herein to the contrary notwithstanding, each Originator hereby consents           to the
disclosure of any nonpublic information with respect to it (i) to Buyer,           the
Program Agent, the Committed Purchasers or Conduit Purchaser by each other,
          (ii) by Buyer, the Program Agent or the Purchasers to any prospective (if
          approved by Buyer as a permitted assignee in accordance with the Purchase
          Agreement), or actual assignee or participant of any of them and (iii) by the
          Program Agent to any rating agency, commercial paper dealer or provider of a
          surety, guaranty or credit or liquidity enhancement to Conduit Purchaser or any
          entity organized for the purpose of purchasing, or making loans secured by,
          financial assets for which Citicorp North America, Inc. acts as the
          administrative agent and to any officers, directors, employees, outside
          accountants and attorneys of any of the foregoing, providedeach such
          Person is informed of the confidential nature of such information. In addition,
          the Purchasers and the Program Agent may disclose any such nonpublic
information           pursuant to any law, rule, regulation, direction, request or order
of any           judicial, administrative or regulatory authority or proceedings (whether
or not           having the force or effect of law).
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (c)              Buyer
shall maintain and shall cause each of its employees and officers to           maintain
the confidentiality of this Agreement and the other confidential or           proprietary
information with respect to each Originator, the Obligors and their           respective
businesses obtained by it in connection with the due diligence           evaluations,
structuring, negotiating and execution of the Transaction           Documents, and the
consummation of the transactions contemplated herein and any           other activities
of Buyer arising from or related to the transactions           contemplated herein provided,
however, that each of Buyer and its           employees and officers shall be
permitted to disclose such confidential or           proprietary information: (i) to the
Program Agent, the Purchasers and the other           Originators, (ii) to any
prospective (if approved by Buyer as a permitted           assignee in accordance with
the Purchase Agreement), or actual assignee or           participant of the Program Agent
or the other Purchasers who execute a           confidentiality agreement for the benefit
of the applicable Originator and Buyer           on terms comparable to those required of
Buyer hereunder with respect to such           disclosed information, (iii) to any rating
agency, provider of a surety,           guaranty or credit or liquidity enhancement to
Conduit Purchaser, (iv) to any           officers, directors, employees, outside
accountants and attorneys of any of the           foregoing, and (v) to the extent
required pursuant to any applicable law           (including in connection with any
filing to be made under the securities laws           and regulations from time to time),
rule, regulation, direction, request or           order of any judicial, administrative
or regulatory authority or proceedings           with competent jurisdiction (whether or
not having the force or effect of law)           so long as such required disclosure is
made under seal to the extent permitted           by applicable law or by rule of court
or other applicable body.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.5 Bankruptcy Petition.
| | --------------------------------

| | (a)              Each
Originator and Buyer each hereby covenants and agrees that, prior to the           date
that is one year and one day after the payment in full of all outstanding
          senior indebtedness of Conduit Purchaser or any Committed Purchaser that is a
          special purpose bankruptcy remote entity, it will not institute against, or
join           any other Person in instituting against, Conduit Purchaser or any such
entity           any bankruptcy, reorganization, arrangement, insolvency or liquidation
          proceedings or other similar proceeding under the laws of the United States or
          any state of the United States.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|22
|--

| | (b)              Each
Originator covenants and agrees that, prior to the date that is one year           and
one day after the payment in full of all Aggregate Unpaids under the           Purchase
Agreement, it will not institute against, or join any other Person in
          instituting against, Buyer any bankruptcy, reorganization, arrangement,
          insolvency or liquidation proceedings or other similar proceeding under the
laws           of the United States or any state of the United States.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.6 Limitation of Liability.
| | ------------------------------------

| | (a)              No
claim may be made by any Originator against the Program Agent or any           Purchaser
or their respective Affiliates, directors, officers, employees,           attorneys or
agents for any special, indirect, consequential or punitive damages           in respect
of any claim for breach of contract or in respect of any other theory           of
liability arising out of or related to the transactions contemplated by this
          Agreement, or any act, omission or event occurring in connection therewith; and
          each Originator hereby waives, releases, and agrees not to sue upon any claim
          for any such damages, whether or not accrued and whether or not known or
          suspected to exist in its favor.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              No
claim may be made by Buyer (or by the Program Agent or any Purchaser, as           Buyers
assignees) or by any Affiliates, directors, officers, employees,           attorneys or
agents of Buyer (or the Program Agent or any Purchaser) for any           special,
indirect, consequential or punitive damages in respect of any claim for           breach
of contract or in respect of any other theory of liability arising out of           or
related to the transactions contemplated by this Agreement, or any act,
          omission or event occurring in connection therewith; and Buyer (on behalf of
          itself and its assigns) hereby waives, releases, and agrees not to sue upon any
          claim for such damages, whether or not accrued and whether or not known or
          suspected to exist in its favor.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.7 CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.8 CONSENT TO JURISDICTION. EACH ORIGINATOR HEREBY IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR ILLINOIS STATE COURT SITTING
IN CHICAGO, ILLINOIS IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH ORIGINATOR PURSUANT TO THIS AGREEMENT, AND
EACH ORIGINATOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY
OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING
HEREIN SHALL LIMIT THE RIGHT OF BUYER (OR ITS ASSIGNS) TO BRING PROCEEDINGS AGAINST ANY
ORIGINATOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY
ORIGINATOR AGAINST BUYER (OR ITS ASSIGNS) OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR
INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS
AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH ORIGINATOR PURSUANT TO THIS AGREEMENT SHALL BE
BROUGHT ONLY IN A COURT IN CHICAGO, ILLINOIS.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|23
|--

| | Section
7.9 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY
JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN
TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH
THIS AGREEMENT, ANY DOCUMENT EXECUTED BY ANY ORIGINATOR PURSUANT TO THIS AGREEMENT OR THE
RELATIONSHIP ESTABLISHED HEREUNDER OR THEREUNDER.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.10      Integration; Binding Effect; Survival of Terms.
| | -----------------------------------------------------------------

| | (a)              This
Agreement and each other Transaction Document contain the final and           complete
integration of all prior expressions by the parties hereto with respect           to the
subject matter hereof and shall constitute the entire agreement among the
          parties hereto with respect to the subject matter hereof superseding all prior
          oral or written understandings.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b)              This
Agreement shall be binding upon and inure to the benefit of the           Originators,
Buyer and their respective successors and permitted assigns           (including any
trustee in bankruptcy). No Originator may assign any of its           rights and
obligations hereunder or any interest herein without the prior           written consent
of Buyer. Buyer may assign at any time its rights and           obligations hereunder and
interests herein to any other Person without the           consent of any Originator.
Without limiting the foregoing, each Originator           acknowledges that Buyer,
pursuant to the Purchase Agreement, may assign to the           Program Agent, for the
benefit of the Purchasers, its rights, remedies, powers           and privileges
hereunder and that the Program Agent may further assign such           rights, remedies,
powers and privileges to the extent permitted in the Purchase           Agreement. Each
Originator agrees that the Program Agent, as the assignee of           Buyer, shall,
subject to the terms of the Purchase Agreement, have the right to           enforce this
Agreement and to exercise directly all of Buyers rights and           remedies
under this Agreement (including, without limitation, the right to give           or
withhold any consents or approvals of Buyer to be given or withheld           hereunder)
and each Originator agrees to cooperate fully with the Program Agent           in the
exercise of such rights and remedies. This Agreement shall create and
          constitute the continuing obligations of the parties hereto in accordance with
          its terms and shall remain in full force and effect until terminated in
          accordance with its terms; provided, however, that the rights and
          remedies with respect to (i) any breach of any representation and warranty made
          by any Originator pursuant to Article II; (ii) the indemnification and
          payment provisions of Article VI; and (iii) Section 7.5 shall be
          continuing and shall survive any termination of this Agreement.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Section
7.11 Counterparts; Severability; Section References. This Agreement may be
executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of
which, taken together, shall constitute one and the same agreement. Any provisions of
this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction. Unless otherwise expressly indicated, all references
herein to Article, Section, Schedule or Exhibitshall
mean articles and sections of, and schedules and exhibits to, this Agreement.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|24
|--

[SIGNATURE PAGES
FOLLOW]

|
|

|IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered by their duly authorized officers as of the date hereof.
|-------------------------------------------------------------------------------------------------------------------------------------------------------

| |                                                                                                                                                                                                                                                                 
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | PEPSI-COLA GENERAL BOTTLERS, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   3501 Algonquin Road
                      Rolling Meadows, Illinois
                       60008-3149

| |                                                                                                                                                                                                                                      
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | PEPSI-COLA GENERAL BOTTLERS OF OHIO, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   2351 Edison Street
                         Twinsburg, Ohio  44087

| |                                                                                                                                                                                                                                                  
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | PEPSI-COLA GENERAL BOTTLERS OF INDIANA, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   5775 West 79th Street
                         Indianapolis, Indiana  46278

|
|

| |                                                                                                                                                                                                                                                         
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | PEPSI-COLA GENERAL BOTTLERS OF WISCONSIN, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   5500 North Lovers Lane Road
                         Milwaukee, Wisconsin  53225

| |                                                                                                                                                                                                                                     
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | PEPSI-COLA GENERAL BOTTLERS OF IOWA, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   3825 106th Street
                         Urbandale, Iowa  50322

| |                                                                                                                                                                                                              
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | IOWA VENDING, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   3825 106th Street
                         Urbandale, Iowa  50322

| |                                                                                                                                                                                                                                               
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | MARQUETTE BOTTING WORKS, INCORPORATED


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   113-120 West Furnace Street
                         Marquette, Michigan  49885

|26
|--

| |                                                                                                                                                                                                                                         
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | NORTHERN MICHIGAN VENDING, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   113-120 West Furnace Street
                         Marquette, Michigan  49885

| |                                                                                                                                                                                                                          
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | DELTA BEVERAGE GROUP, INC.


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   2221 Democrat Road
                         Memphis, Tennessee  38132

| |                                                                                                                                                                                                              
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | DAKBEV, LLC


  By:    /s/ W. Scott Nehs
             Name:    W. Scott Nehs
             Title:      Vice President

    Address:   901 West 40th Street
                         Fargo, North Dakota  58103

| |                                                                                                                                                                                                                           
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | WHITMAN FINANCE, INC.


  By:    /s/ Andrew R. Stark
             Name:    Andrew R. Stark
             Title:      Treasurer

    Address:   3501 Algonquin Road
                         Rolling Meadows, IL  60008-3149

|27
|--

|Exhibit I


Definitions
|-----------------------

| | This
is Exhibit I to the Agreement (as hereinafter defined). As used in the Agreement
and the Exhibits, Schedules and Annexes thereto, capitalized terms have the meanings set
forth in this Exhibit I (such meanings to be equally applicable to the singular
and plural forms thereof). If a capitalized term is used in the Agreement, or any
Exhibit, Schedule or Annex thereto, and not otherwise defined therein or in this Exhibit
I, such term shall have the meaning assigned thereto in Article 1 of the Purchase
Agreement.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Aggregate
Capital means, on any date of determination, the aggregate amount of Capital of
all Purchased Interests outstanding on such date.
| | ---------------------------------------------------------------------------------------------------------------------------------------------

| | Aggregate
Unpaids means, at any time, an amount equal to the sum of all (a) Aggregate
Capital and (b) (i) such fees as are set forth in the Fee Letter (which fees shall be
sufficient to pay all fees owing to the Committed Purchasers), (ii) all Yield and
Additional Yield, (iii) all amounts payable as Deemed Collections, (iv) all amounts
payable to reduce the Purchased Interests, if required, pursuant to the Purchase
Agreement, (v) all Servicer costs and expenses, including the Servicer Fee, in connection
with servicing, administering and collecting the Receivables and (iv) all Other Fees.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Agreementmeans
this Amended and Restated Receivables Sale Agreement, dated as of May __, 2002, among the
Originators and Buyer, as the same may be amended, restated or otherwise modified.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Buyerhas
the meaning set forth in the preamble.
| | -------------------------------------------------

| | Committed
Purchasers means each of the financial institutions listed on the signature
pages to the Purchase Agreement as a Committed Purchaser together with its
respective successors and permitted assigns.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Conduit
Purchaser means Corporate Asset Funding Corporation, a Delaware corporation, or
any other commercial paper conduit, which is managed by the Program Agent or which
becomes a party to the Purchase Agreement in accordance with the terms of Section
10.04(b) of the Purchase Agreement.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Consolidated
Net Worth means, as at any date of determination thereof, the excess of assets
over liabilities of PepsiAmericas and its consolidated Subsidiaries, as reported in
Whitmans financial statements as at such date in accordance with Agreement
Accounting Principles.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Credit
and Collection Policy means the Originators credit and collection
policies and practices relating to Contracts and Receivables existing on the date hereof
and summarized in Exhibit V, as modified from time to time in accordance with the
Agreement.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Deemed
Collections means the aggregate of all amounts as Originator shall have been
deemed to have received as a Collection of a Receivable sold by it. An Originator shall
be deemed to have received a Collection (but only to the extent of the reduction or
cancellation identified below) of a Receivable sold by it if at any time (i) the
Outstanding Balance of any such Receivable is either (x) reduced as a result of any
defective or rejected goods, any discount or any adjustment or otherwise by such
Originator (other than cash Collections on account of the Receivables) or (y) reduced or
canceled as a result of a setoff in respect of any claim by any Person (whether such
claim arises out of the same or a related transaction or an unrelated transaction) or
(ii) any of the representations or warranties in Article II were not true with respect to
such Receivable at the time of its sale hereunder (in which case, such Originator shall
be deemed to have received a Collection in an amount equal to the Outstanding Balance of
such Receivable).
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Default
Fee means a per annum rate of interest equal to the sum of (i) the Base Rate,
plus (ii) 2% per annum (computed for actual days elapsed on the basis of a year
consisting of 360 days).
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Dilutionsmeans,
at any time, the aggregate amount of reductions or cancellations described in the
definition herein of Deemed Collections.
| | --------------------------------------------------------------------------------------------------------------------------------------------

| | Discount
Factor means, at any time, a ratio (expressed as a decimal) calculated annually
that is equal to one plus the Discount Rate over the period for which the Receivables are
(as determined in such annual calculation), on average, outstanding.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Discount
Rate means, at any time, a ratio (expressed as a decimal) calculated annually
in accordance with the following formula:
| | ----------------------------------------------------------------------------------------------------------------------------------

| |  |  | Bad Debt |  | Operating Expenses
| |  |  | -------- |  | ------------------

| |  | ROA + |  | + | 
| |  | ----- |  | - | 

| | Discount Rate = |  | AOA |  | AOA
| | --------------- |  | --- |  | ---

| |  |  |  |  | 
| |  |  |  |  | 

| |  |  |  | Financed SalesAOA | 
| |  |  |  | ----------------- | 

| |  |  |  |  | 
| |  |  |  |  | 

|where:
|------

| | "ROA" | = | the  required  return on  average  operating  assets
                                                                (expressed  as a decimal)  determined  from a set of
                                                                companies comparable to the Buyer;
| | ----- | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | "Bad Debt" | = | annual   bad   debt   expenses    associated    with
                                                                Receivables;
| | ---------- | - | ---------------------------------------------------------------------------------------------------------------------------------

| | "Operating Expenses" | = | Annual  operating   expenses   associated  with  the
                                                                servicing of Receivables;
| | -------------------- | - | ----------------------------------------------------------------------------------------------------------------------------------------------

| | "Financed Sales" | = | the annual sales for the  Originators  that generate
                                                                Receivables; and
| | ---------------- | - | -------------------------------------------------------------------------------------------------------------------------------------

| | "AOA" | = | the  average  of  the  prior  and   current   annual
                                                                operating   assets,   where  operating   assets  are
                                                                defined  as  the  annual   Outstanding   Balance  of
                                                                Receivables of the Originators.
| | ----- | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Indemnified
Amounts has the meaning set forth in Section 6.1.
| | ---------------------------------------------------------------

| | Indemnified
Partyhas the meaning set forth in Section 6.1.
| | ------------------------------------------------------------

| | Initial
Cutoff Date has the meaning set forth in Section 1.2(a).
| | ------------------------------------------------------------------

| | Initial
Purchase Date means the date on which the Buyer makes the initial Purchase of
the Receivables hereunder.
| | ------------------------------------------------------------------------------------------------------------------

| | Material
Adverse Effect means a material adverse effect on (i) the financial condition
or operations of PepsiAmericas and its Subsidiaries, taken as a whole, (ii) the ability
of any Originator to perform its obligations under the Agreement or any other Transaction
Document, (iii) subject to the Enforceability Exceptions, the legality, validity or
enforceability of the Agreement or any other Transaction Document, (iv) Buyers (or
any of its assigns) interest in the Receivables, the Related Security or
Collections with respect thereto, or (v) the collectibility of any material portion of
the Receivables, in each case, relating to Receivables sold by such Originator hereunder.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Net
Worth means as of any date, the excess, if any, of (a) the aggregate
Outstanding Balance of the Receivables as of the last Business Day of each Monthly Period
preceding such date of determination, over (b) the sum of (i) the Aggregate
Capital outstanding at such time, plus (ii) the aggregate outstanding principal
balance of the Subordinated Loans (including any Subordinated Loan proposed to be made on
such date of determination), plus (iii) the aggregate outstanding principal
balance of all subordinated loans owing to PepsiAmericas.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | NRB
Receivable has the meaning set forth in Section 2.1(g).
| | -------------------------------------------------------------

| | Original
Balance means, with respect to any Receivable coming into existence after the
Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was
created.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Originator(s)has
the meaning set forth in the preamble to the Agreement.
| | --------------------------------------------------------------------------

| | PCGBhas
the meaning set forth in the Preliminary Statements.
| | --------------------------------------------------------------

| | PepsiAmericasmeans
PepsiAmericas, Inc., a Delaware corporation.
| | -----------------------------------------------------------------

| | PepsiAmericas
Subordinated Loans has the meaning specified in Section 1.2(a)(ii).
| | -----------------------------------------------------------------------------------

| | PepsiAmericas
Subordinated Note means the promissory note in favor of Whitman in
substantially the form of Exhibit V1-Ahereto, representing the PepsiAmericas
Subordinated Loans.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Potential
Termination Event means an event which, with the passage of time or the giving
of notice, or both, would constitute a Termination Event.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------

| | Program
Agent means Citicorp North America, Inc., in its capacity as agent for the
Purchasers, together with its successors and permitted assigns.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------

| | Purchasemeans
the purchase pursuant to Section 1.1(a) of the Agreement by Buyer from each
Originator of the Receivables originated by such Originator and the Related Security and
Collections related thereto, together with all related rights in connection therewith.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Purchase
Agreement has the meaning set forth in the Preliminary Statements.
| | -----------------------------------------------------------------------------

| | Purchase
Pricemeans, with respect to the Purchase from each of the Originators, the
aggregate price to be paid by Buyer to such Originator for such Purchase in accordance
with Section 1.2 of the Agreement for the Receivables originated by such
Originator and the associated Collections and Related Security being sold to Buyer, which
price shall equal on any date (i) the product of (x) the Outstanding Balance of such
Receivables on such date, multipliedby (y) one minus the Service Fee Ratio
divided by (z) the Discount Factor in effect with respect to such Originators
Receivables on such date, minus (ii) any Purchase Price Credits to be credited against
the Purchase Price otherwise payable to such Originator in accordance with Section 1.3 of
the Agreement.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Purchase
Price Credit has the meaning set forth in Section 1.3.
| | -----------------------------------------------------------------

| | Receivablemeans
all indebtedness and other obligations owed to an Originator (at the times it arises, and
before giving effect to any transfer or conveyance under the Agreement) or Buyer (after
giving effect to the transfers under the Agreement) or in which such Originator or Buyer
has a security interest or other interest, including, without limitation, any
indebtedness, obligation or interest constituting an account, chattel paper, instrument
or general intangible, in each case arising in connection with the sale of goods or the
rendering of services by such Originator and further includes, without limitation, the
obligation to pay any finance charges, fees or charges for late payments with respect
thereto. Indebtedness and other rights and obligations arising from any one transaction,
including, without limitation, indebtedness and other rights and obligations represented
by an individual invoice, shall constitute a Receivable separate from a Receivable
consisting of the indebtedness and other rights and obligations arising from any other
transaction; provided, further, that any indebtedness, rights or
obligations referred to in the immediately preceding sentence shall be a Receivable
regardless or whether the account debtor or such Originator treats such indebtedness,
rights or obligations as a separate payment obligation.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Related
Security means, with respect to any Receivable:
| | ---------------------------------------------------------

| | (i)          all
of the applicable Originators interest in the inventory and goods
          (including returned or repossessed inventory or goods), if any, the sale of
          which by such Originator gave rise to such Receivable, and all insurance
          contracts with respect thereto,
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (ii)          all
other security interests or liens and property subject thereto from time to
          time, if any, purporting to secure payment of such Receivable, whether pursuant
          to the Contract related to such Receivable or otherwise, together with all
          financing statements and security agreements describing any collateral securing
          such Receivable,
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii)          all
guaranties, letters of credit, insurance and other agreements or           arrangements
of whatever character from time to time supporting or securing           payment of such
Receivable whether pursuant to the Contract related to such           Receivable or
otherwise,
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv)          all
service contracts and other contracts and agreements associated with such
          Receivable,
| | -----------------------------------------------------------------------------------------------------------------

| | (v)          all
Records related to such Receivable,
| | ----------------------------------------------------

| | (vi)          all
of the applicable Originators right, title and interest in each           Lock-Box
and each Lock-Box Account, and
| | ------------------------------------------------------------------------------------------------------------------------------------

| | (vii)          all
proceeds of any of the foregoing.
| | ----------------------------------------------------

| | Required
Capital Amount means, as of any date of determination, an amount equal to the
greater of 10% of the Purchase Limit or $20,000,000.
| | ---------------------------------------------------------------------------------------------------------------------------------------------

| | Service
Fee Ratio means a ratio (expressed as a decimal) calculated annually equal to
(x) annual Operating Expenses divided by (y) AOA.
| | -----------------------------------------------------------------------------------------------------------------------------------------

| | Settlement
Date means, with respect to each Monthly Period, the date that is the 20th
calendar day of the month following such Monthly Period.
| | ------------------------------------------------------------------------------------------------------------------------------------------------

| | Subordinated
Loan has the meaning set forth in Section 1.2(a).
| | ----------------------------------------------------------------

| | Subordinated
Notemeans each promissory note in substantially the form of Exhibit VI hereto
as more fully described in Section 1.2 of the Agreement, as the same may be
amended, restated, supplemented or otherwise modified from time to time.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Termination
Date means the earliest to occur of (i) the Scheduled Termination Date, (ii)
the occurrence of a Termination Event set forth in Section 5.1(d), (iii) the
Business Day specified in a written notice from Buyer to the Originators following the
occurrence of any other Termination Event, and (iv) the date which is thirty (30)
Business Days after Buyers receipt of written notice from any Originator that it
wishes to terminate the facility evidenced by this Agreement.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Termination
Event has the meaning set forth in Section 5.1.
| | -------------------------------------------------------------

| | Transaction
Documentsmeans, collectively, this Agreement, each Lock-Box Agreement, the
Subordinated Note and all other instruments, documents and agreements executed and
delivered in connection herewith.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | All
accounting terms not specifically defined herein shall be construed lit accordance with
Agreement Accounting Principles. All terms used in Article 9 of the UCC in the State of
Illinois, and not specifically defined herein, are used herein as defined in such Article
9.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|
|

|Exhibit II1


Places of Business;
Locations of Records;


Organizational
Identification Number(s); Other Names; Jurisdiction of Organization


Places of Business:Locations
of Records:


Organizational
Identification Number:Corporate, Trade and Assumed Names:Jurisdiction of
Organization:




Exhibit III



Lock-Boxes, Lock-Box
Accounts; Lock-Box Banks
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|                     |                                 
|-------------------- | --------------------------------
|                    
|LOCK-BOX POST OFFICE | LOCK-BOX ACCOUNT AT THE NORTHERN
|ADDRESS              | TRUST COMPANY                   
|                    
|P.O. Box             | NTC Lock-Box                    
|75944                | 75944                           
|                    
|P.O. Box             | NTC Lock-Box                    
|75953                | 75953                           
|                    
|P.O. Box             | NTC Lock-Box                    
|75981                | 75981                           
|                    
|P.O. Box             | NTC Lock-Box                    
|75997                | 75997                           
|                    
|P.O. Box             | NTC Lock-Box                    
|91884                | 91884                           
|                    
|P.O. Box             | NTC Lock-Box                    
|91892                | 91892                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99884                | 99884                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99885                | 99885                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99943                | 99943                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99944                | 99944                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99945                | 99945                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99954                | 99954                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99956                | 99956                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99957                | 99957                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99981                | 99981                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99982                | 99982                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99983                | 99983                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99995                | 99995                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99996                | 99996                           
|                    
|P.O. Box             | NTC Lock-Box                    
|99998                | 99998                           
|                    

|
|

|Exhibit IV


[Form of] Compliance Certificate
|---------------------------------------------

| | This
Compliance Certificate is furnished pursuant to that certain Amended and Restated
Receivables Sale Agreement dated as of May __, 2002 (as amended, restated or otherwise
modified from time to time, the Agreement) among Pepsi-Cola General
Bottlers, Inc., a Delaware corporation, Pepsi-Cola General Bottlers of Ohio, Inc., a
Delaware corporation, Pepsi-Cola General Bottlers of Indiana, Inc., a Delaware
corporation, Pepsi-Cola General Bottlers of Wisconsin, Inc., a Wisconsin corporation,
Pepsi-Cola General Bottlers of Iowa, Inc., an Iowa corporation, Iowa Vending, Inc., a
Delaware corporation, Marquette Bottling Works, Incorporated, a Michigan corporation,
Northern Michigan Vending, Inc., a Michigan corporation, Delta Beverage Group, Inc., a
Delaware corporation, DakBev, LLC, a Delaware limited liability company (each of the
foregoing, an Originator and collectively, the Originators),
and Whitman Finance, Inc., a Delaware corporation (Buyer). Capitalized
terms used and not otherwise defined herein are used with the meanings attributed thereto
in the Agreement.
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | THE
UNDERSIGNED HEREBY CERTIFIES THAT:
| | --------------------------------------

| | 1.              I
am the duly elected _________________ of _________________.
| | -----------------------------------------------------------------------------

| | 2.              I
have reviewed the terms of the Agreement and I have made, or have caused to be
          made under my supervision, a detailed review of the transactions and conditions
          of [Whitman Corporation and its/the Originators and their] Subsidiaries during
          the accounting period covered by the attached financial statements.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.              The
examinations described in paragraph 2 did not disclose, and I have no           knowledge
of, the existence of any condition or event which constitutes a           Termination
Event or a Potential Termination Event, as each such term is defined           under the
Agreement, during or at the end of the accounting period covered by           the
attached financial statements or as of the date of this Certificate, except           as
set forth below.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.              Described
below are the exceptions, if any, to paragraph 3 by listing, in           detail, the
nature of the condition or event, the period during which it has           existed and
the action which ____________________ has taken, is taking, or           proposes to take
with respect to each such condition or event:
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | The
foregoing certifications, together with the computations set forth in Schedule I hereto
and the financial statements delivered with this Certificate in support hereof, are made
and delivered this ______ day of ____________, 200_.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|[Name]

Exhibit V


Credit and
Collection Policy


[to be provided by
Whitman]


Exhibit VI


Form of Subordinated
Note


SUBORDINATED NOTE


May 24, 2002
|----------------------------------------------------------------------------------------------------------------------------------------------------------

| | 1.    Note.
FOR VALUE RECEIVED, the undersigned, Whitman Finance, Inc., a           Delaware
corporation (Buyer), hereby unconditionally promises           to pay
to the order of ________________________, a(n) ___________ corporation           (Originator),
in lawful money of the United States of America           and in immediately available
funds, on the date following the Termination Date           which is one year and one day
after the date on which (i) the Outstanding           Balance of all Receivables sold
under the Sale Agreement referred to           below has been reduced to zero
and (ii) Originator has paid to the Buyer all           indemnities, adjustments and
other amounts which may be owed thereunder in           connection with the Purchases
(the Collection Date), the           aggregate unpaid principal sum
outstanding of all Subordinated Loans          made from time to time by
Originator to Buyer pursuant to and in accordance with           the terms of that
certain Amended and Restated Receivables Sale Agreement dated           as of May 24,
2002 among Pepsi-Cola General Bottlers, Inc.           (PCGB),
Pepsi-Cola General Bottlers of Ohio, Inc., Pepsi-Cola           General Bottlers of
Indiana, Inc., Pepsi-Cola General Bottlers of Wisconsin,           Inc., Pepsi-Cola
General Bottlers of Iowa, Inc., Iowa Vending, Inc., Marquette           Bottling Works,
Incorporated, Northern Michigan Vending, Inc., Delta Beverage           Group, Inc.,
DakBev, LLC and Buyer (as amended, restated, supplemented or           otherwise modified
from time to time, the Sale Agreement).           Reference to Section
1.2 of the Sale Agreement is hereby made for a           statement of the terms and
conditions under which the loans evidenced hereby           have been and will be made.
All terms which are capitalized and used herein and           which are not otherwise
specifically defined herein shall have the meanings           ascribed to such terms in
the Sale Agreement.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 2.    Interest.
Buyer further promises to pay interest on the outstanding           unpaid principal
amount hereof from the date hereof until payment in full hereof           at a rate equal
to the Base Rate; provided, however, that if Buyer           shall default
in the payment of any principal hereof, Buyer promises to pay, on           demand,
interest at the rate of the Base Rate plus 2.00% per annum on any such           unpaid
amounts, from the date such payment is due to the date of actual payment.
          Interest shall be payable on the first Business Day of each month in arrears;
provided, however, that Buyer may elect on the date any interest
          payment is due hereunder to defer such payment and upon such election the
amount           of interest due but unpaid on such date shall constitute principal under
this           Subordinated Note. The outstanding principal of any loan made under this
          Subordinated Note shall be due and payable on the Collection Date and may be
          repaid or prepaid at any time without premium or penalty.
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.    Principal
Payments. Originator is authorized and directed by Buyer to           enter on the
grid attached hereto, or, at its option, in its books and records,           the date and
amount of each loan made by it which is evidenced by this           Subordinated Note and
the amount of each payment of principal made by Buyer, and           absent manifest
error, such entries shall constitute prima facie evidence of the           accuracy of
the information so entered; provided that neither the failure of           Originator to
make any such entry or any error therein shall expand, limit or           affect the
obligations of Buyer hereunder.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.    Subordination.
Originator shall have the right to receive, and Buyer           shall make, any and all
payments relating to the loans made under this           Subordinated Note provided that,
after giving effect to any such payment, the           aggregate Outstanding Balance(as
defined in the Purchase Agreement) of           Receivables owned by Buyer at such time
exceeds the sum of (a) all Capital and           all accrued and unpaid Yield, Program
Fees, Liquidity Fees, Servicer Fees and           Other Fees (as each such term is
defined in the Receivables Purchase Agreement)           outstanding at such time under
the Receivables Purchase Agreement, plus (b) the           aggregate outstanding
principal balance of all loans made under this           Subordinated Note and under the
other Subordinated Notes issued pursuant to the           Sale Agreement. Originator
hereby agrees that at any time during which the           conditions set forth in the
proviso of the immediately preceding sentence shall           not be satisfied,
Originator shall be subordinate in right of payment to the           prior payment of any
indebtedness or obligation of Buyer owing to the Agent or           any Purchaser under
that certain Receivables Purchase Agreement dated as of May           24, 2002 by and
among Buyer, PCGB, as initial Servicer, Corporate Asset Funding           Corporation, a
Delaware corporation, various Purchasers from time to           time party
thereto, and Citicorp North America, Inc., a Delaware corporation, as           the Program
Agent (as amended, restated, supplemented or otherwise           modified from time
to time, the Purchase Agreement). The           subordination
provisions contained herein are for the direct benefit of, and may           be enforced
by, the Program Agent and the Purchasers and/or any of their           respective
assignees (collectively, the Senior Claimants)           under the
Purchase Agreement. Until the date on which all Capital          outstanding
under the Purchase Agreement has been repaid in full and all other           obligations
of Buyer and/or the Servicer thereunder and under the Fee           Letter referenced
therein (all such obligations, collectively, the           Senior Claim)
have been indefeasibly paid and satisfied in           full, Originator shall not
institute against Buyer any proceeding of the type           described in Section
5.1(d) of the Sale Agreement unless and until the           Collection Date has
occurred. Should any payment, distribution or security or           proceeds thereof be
received by Originator in violation of this Section 4,           Originator agrees that
such payment shall be segregated, received and held in           trust for the benefit
of, and deemed to be the property of, and shall be           immediately paid over and
delivered to the Agent for the benefit of the Senior           Claimants.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.    Bankruptcy;
Insolvency. Upon the occurrence of any proceeding of the type           described in
Section 5.1(d) of the Sale Agreement involving Buyer as           debtor, then and
in any such event the Senior Claimants shall receive payment in           full of all
amounts due or to become due on or in respect of the aggregate           outstanding
Capital and the Senior Claim (including Yield as defined           and as
accruing under the Purchase Agreement after the commencement of any such
          proceeding, whether or not any or all of such Yield is an allowable
          claim in any such proceeding) before Originator is entitled to receive payment
          on account of this Subordinated Note, and to that end, any payment or
          distribution of assets of Buyer of any kind or character, whether in cash,
          securities or other property, in any applicable insolvency proceeding, which
          would otherwise be payable to or deliverable upon or with respect to any or all
          indebtedness under this Subordinated Note, is hereby assigned to and shall be
          paid or delivered by the Person making such payment or delivery (whether a
          trustee in bankruptcy, a receiver, custodian or liquidating trustee or
          otherwise) directly to the Agent for application to, or as collateral for the
          payment of, the Senior Claim until such Senior Claim shall have been paid in
          full and satisfied.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.    Amendments.
This Subordinated Note shall not be amended or modified           except in accordance
with Section 7.1 of the Sale Agreement. The terms of           this Subordinated
Note may not be amended or otherwise modified without the           prior written consent
of the Agent for the benefit of the Purchasers.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 7.    GOVERNING
LAW. THIS SUBORDINATED NOTE HAS BEEN MADE AND DELIVERED AT           CHICAGO,
ILLINOIS, AND SHALL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF           THE
PARTIES HERETO DETERMINED IN ACCORDANCE WITH THE LAWS AND DECISIONS OF THE
          STATE OF ILLINOIS. WHEREVER POSSIBLE EACH PROVISION OF THIS SUBORDINATED NOTE
          SHALL BE INTERPRETED IN SUCH MANNER AS TO BE EFFECTIVE AND VALID UNDER
          APPLICABLE LAW, BUT IF ANY PROVISION OF THIS SUBORDINATED NOTE SHALL BE
          PROHIBITED BY OR INVALID UNDER APPLICABLE LAW, SUCH PROVISION SHALL BE
          INEFFECTIVE TO THE EXTENT OF SUCH PROHIBITION OR INVALIDITY, WITHOUT
          INVALIDATING THE REMAINDER OF SUCH PROVISION OR THE REMAINING PROVISIONS OF
THIS           SUBORDINATED NOTE.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 8.    Waivers.
All parties hereto, whether as makers, endorsers, or otherwise,           severally waive
presentment for payment, demand, protest and notice of dishonor.           Originator
additionally expressly waives all notice of the acceptance by any           Senior
Claimant of the subordination and other provisions of this Subordinated           Note
and expressly waives reliance by any Senior Claimant upon the subordination           and
other provisions herein provided.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 9.    Assignment.
This Subordinated Note may not be assigned, pledged or           otherwise transferred to
any party other than Originator without the prior           written consent of the Agent,
and any such attempted transfer shall be void.
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | WHITMAN FINANCE, INC.
        By:______________________________________       Title:
| | ------------------------------------------------------------------------------------

|Schedule to


SUBORDINATED NOTESUBORDINATED LOANS AND
PAYMENTS OF PRINCIPAL
|---------------------------------------------------------------------------

|DATE | AMOUNT OFSUBORDINATEDLOAN | AMOUNT OF PRINCIPAL PAID | UNPAID PRINCIPAL BALANCE | NOTATION MADE BY (INITIALS)
|---- | ------------------------- | ------------------------ | ------------------------ | ---------------------------

|Schedule A


DOCUMENTS TO BE
DELIVERED TO BUYERON OR PRIOR TO THE
PURCHASE

[SEE PART I OF EXHIBIT
G TO THE PURCHASE AGREEMENT]
|-------------------------------------------------------------------------------------------------------------------------------