EXECUTION VERSION

                        LOAN PURCHASE AND SALE AGREEMENT

                          Dated as of December 14, 2006

                                     between

                         CEF EQUIPMENT HOLDING, L.L.C.,
                                    as Seller

                                       and

                                  GE EQUIPMENT
                          MIDTICKET LLC, SERIES 2006-1,
                                  as Purchaser

                                                                   Loan Purchase
                                                              and Sale Agreement



     This LOAN PURCHASE AND SALE AGREEMENT ("Agreement" or "Purchase and Sale
Agreement") is entered into as of December 14, 2006, by and between CEF
EQUIPMENT HOLDING, L.L.C. (the "Seller"), a Delaware limited liability company
and GE EQUIPMENT MIDTICKET LLC, SERIES 2006-1, a Delaware limited liability
company (the "Purchaser").

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

                                    ARTICLE I

                         DEFINITIONS AND INTERPRETATION

     Section 1.1 Definitions. Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to them in Section 1 of Annex A to this
Agreement.

     Section 1.2 Rules of Construction. For purposes of this Agreement, the
rules of construction set forth in Section 2 of Annex A shall govern. All
Annexes, Exhibits and Schedules hereto, are incorporated herein by reference
and, taken together with this Agreement, shall constitute but a single
agreement.

                                   ARTICLE II

                            SALES OF PURCHASER ASSETS

     Section 2.1 Sale of Loans. (a) Subject to the terms and conditions hereof,
the Seller does hereby sell, transfer, assign, set over and otherwise convey to
the Purchaser, without recourse (subject to the obligations herein) all right,
title and interest of the Seller in:

          (i)   the Loans, including the Loan Files, and all obligations of the
                Obligors thereunder, including the right to payment of any
                interest accrued and to accrue from and after December 1, 2006
                or finance charges and other obligations of such Obligor with
                respect thereto due or to become due on or after the Cutoff
                Date;

          (ii)  all Related Security and Collections with respect thereto;

          (iii) the Loan Sale Agreement;

          (iv)  all other property now or hereafter in the possession or custody
                of, or in transit to, the Servicer, any Sub-Servicer or the
                Seller relating to any of the foregoing;

          (v)   all Records with respect to any of the foregoing; and

          (vi)  all proceeds of the foregoing (collectively the "Purchaser
                Assets").

                                                                   Loan Purchase
                                                              and Sale Agreement



          (b) On or before the Closing Date, the Seller shall (i) indicate in
     its computer files that the Purchaser Assets have been sold to the
     Purchaser pursuant to this Agreement by so identifying the Purchaser Assets
     with an appropriate notation and (ii) deliver to the Purchaser or its
     designee the following documents (collectively, the "Loan Files"):

          (i)   the original fully executed copy of the Loan;

          (ii)  a record or facsimile of the original credit application fully
                executed by the Obligor;

          (iii) the original certificate of title or file stamped copy of the
                UCC financing statement or such other documents evidencing the
                security interest of the Purchaser in the Equipment; and

          (iv)  any and all other documents relating to a Loan, an Obligor or
                any of the Equipment.

     Section 2.2 Grant of Security Interest; Subordination. (a) The parties
hereto intend that the transfer, sale and assignment pursuant to Section 2.1
hereof shall constitute a purchase and sale and not a loan. Notwithstanding
anything to the contrary set forth in this Section 2.2, if a court of competent
jurisdiction determines that the sale provided for herein constitutes the grant
of security for a loan (the "Deemed Loan") and not a purchase and sale or
contribution, then:

          (i)   The parties hereto intend that this Agreement shall constitute a
                security agreement under applicable law and that the Seller
                shall be deemed to have granted, and the Seller hereby grants,
                to the Purchaser a first priority lien and security interest in
                and to all of the Seller's right, title and interest in, to and
                under the Purchaser Assets, all other Related Documents to which
                the Seller is a party and all proceeds thereof (collectively,
                the "Deemed Collateral"). The possession by the Purchaser of
                notes and such other goods, money, documents, chattel paper or
                certificated securities shall be deemed to be "possession by the
                secured party" for purposes of perfecting the security interest
                pursuant to the UCC in force in the relevant jurisdiction
                (including, without limitation, Section 9-313(c)(1) thereof).
                Notifications to Persons holding such property, and
                acknowledgments, receipts or confirmations from Persons holding
                such property, shall be deemed notifications to, or
                acknowledgments, receipts or confirmations from, bailees or
                agents (as applicable) of the Purchaser for the purpose of
                perfecting such security interest under applicable law (except
                that nothing in this sentence shall cause any Person to be
                deemed to be an agent of the Purchaser for any purpose other
                than for perfection of such security interest unless, and then
                only to the extent, expressly appointed and authorized by the
                Purchaser in writing).

          (ii)  The Purchaser acknowledges and agrees that the Deemed Loan is a
                non-recourse obligation of the Seller secured solely by the
                Deemed Collateral and does not represent an interest in any
                assets (other than the Deemed

                                                Loan Purchase and Sale Agreement



                Collateral) of the Seller (including by virtue of any deficiency
                claim in respect of obligations not paid or otherwise satisfied
                from the Deemed Collateral and proceeds thereof). In furtherance
                of and not in derogation of the foregoing, the Purchaser
                acknowledges and agrees that:

                     (A) The Purchaser shall not have any right, title or
                interest in or to any assets (or interests therein) (other than
                the Deemed Collateral) conveyed or purported to be conveyed by
                the Seller to any other Person or Persons (whether by way of a
                sale, capital contribution or by virtue of the granting of a
                lien) ("Other Assets"); and

                     (B) the Deemed Loan constitutes a claim (as defined in 101
                of the Bankruptcy Code) which may be satisfied solely from the
                Deemed Collateral and its proceeds (whether through ordinary
                liquidation or the exercise of UCC remedies and other remedies
                provided herein) and does not constitute a claim against the
                Seller to the extent that the Deemed Collateral and such
                proceeds are insufficient to repay the Deemed Loan (including
                interest thereon, whether accrued before or after the filing of
                a bankruptcy petition) in full.

          (iii) To the extent that, notwithstanding the agreements and
                provisions contained in clause (ii) above, the Purchaser
                either (A) asserts an interest or claim to, or benefit from,
                Other Assets, or (B) is deemed to have any such interest,
                claim or benefit in or from Other Assets, whether by operation
                of law, legal process, pursuant to applicable provisions of
                insolvency laws or otherwise (including by virtue of Section
                1111(b) of the Bankruptcy Code or any successor provision
                having similar effect under the Bankruptcy Code), then the
                Purchaser further acknowledges and agrees that any such
                interest, claim or benefit in or from Other Assets is and
                shall be expressly subordinated to the indefeasible payment in
                full of all obligations and liabilities of the Seller other
                than the Deemed Loan, including, the payment of post-petition
                interest on such other obligations and liabilities. This
                subordination agreement shall be deemed a subordination
                agreement within the meaning of Section 510(a) of the
                Bankruptcy Code. The Purchaser further acknowledges and agrees
                that no adequate remedy at law exists for a breach of this
                Section 2.2 and the terms of this Section 2.2 may be enforced
                by an action for specific performance.

          (b) The Purchaser shall not file or join in a filing of a petition
     with respect to any bankruptcy reorganization, arrangement, insolvency or
     liquidation proceedings, or similar proceedings under any United States
     Federal or State bankruptcy or similar law relating to the Seller, or
     cooperate or encourage others to file such a petition.

          (c) The Seller hereby authorizes the Purchaser to file financing
     statements in respect of the Seller covering the Purchaser Assets and the
     proceeds thereof.

                                                Loan Purchase and Sale Agreement



     Section 2.3 Sale Price. On the Closing Date, the Purchaser shall, upon
satisfaction of the applicable conditions set forth in Article III, issue and
exchange the Notes (the "Purchaser Purchase Price") as consideration for the
Purchaser Assets sold and transferred by the Seller to the Purchaser pursuant to
Section 2.1 hereof.

     Section 2.4 Removal of Loans. (a) In the event a Loan becomes a Delinquent
Loan or the Obligor thereon is subject to a bankruptcy proceeding, the Seller
shall be granted an assignable option (a "Purchase Option") to purchase such
Delinquent Loan from the Purchaser at a price (the "Option Price") equal to the
Purchase Amount. The Seller may sell, transfer, assign or otherwise convey its
Purchase Option with respect to any such Loan to any party at any time after the
related Loan becomes a Delinquent Loan or the Obligor thereon is subject to a
bankruptcy proceeding. The Seller shall notify the Purchaser of such transfer
and such notice shall include the transferee's name, address, telephone number,
facsimile number and appropriate contact person(s) and shall be acknowledged in
writing by the transferee. If not exercised earlier, the Purchase Option with
respect to any such Loan shall automatically terminate upon (i) in the case of a
Delinquent Loan, the related Obligor's cure of all defaults on the Loan, (ii)
the acquisition by, or on behalf of, the Issuer of the related Equipment through
repossession, (iii) upon a repurchase of a Loan due to the Seller's breach of a
representation with respect to such Loan or (iv) on the Business Day immediately
preceding the last day of the calendar quarter ending at least ten (10) days
after such Loan became a Defaulted Loan. The aggregate Outstanding Principal
Balance of Loans with respect to which the Seller may exercise its Purchase
Option at any time before the Redemption Date shall not exceed 10% of the
aggregate Outstanding Principal Balance of the Loans as of the Cutoff Date.

          (b) Upon a Loan becoming a Delinquent Loan or the Obligor thereon
     becoming subject to a bankruptcy proceeding, the Seller may exercise the
     Purchase Option by providing the Purchaser at least five days prior written
     notice thereof (the "Purchase Option Notice"), which notice shall specify a
     cash exercise price at least equal to the Option Price. The Purchase Option
     Notice shall be delivered in the manner specified in Section 2.4(a). The
     exercise of any Purchase Option pursuant to this clause (b) shall be
     irrevocable.

          (c) Upon exercise of a Purchase Option, the Seller shall be required
     to pay the Option Price specified in its Purchase Option Notice to the
     Purchaser within 10 Business Days of exercising its Purchase Option. The
     proceeds of any sale of such Loan, after deduction of the expenses of such
     sale incurred in connection therewith, shall be deposited by the Seller no
     later than the day before the next Payment Date.

                                  ARTICLE III

                              CONDITIONS PRECEDENT

     Section 3.1 Conditions to Sale. The sale hereunder shall be subject to
satisfaction of each of the following conditions precedent (any one or more of
which, except clause (e) below, may be waived in writing by the Purchaser) as of
the Closing Date:

                                                Loan Purchase and Sale Agreement



          (a) This Agreement or counterparts hereof shall have been duly
     executed by, and delivered to, the Seller and the Purchaser, and the
     Purchaser shall have received such documents, instruments, agreements and
     legal opinions as the Purchaser shall reasonably request in connection with
     the transactions contemplated by this Agreement, each in form and substance
     reasonably satisfactory to the Purchaser.

          (b) The Purchaser shall have received satisfactory evidence that the
     Seller has obtained all required consents and approvals of all Persons,
     including all requisite Governmental Authorities, to the execution,
     delivery and performance of this Agreement and the consummation of the
     transactions contemplated hereby.

          (c) The Seller shall be in compliance in all material respects with
     all applicable foreign, federal, state and local laws and regulations,
     including those specifically referenced in Section 4.2(c), except to the
     extent that the failure to so comply, individually or in the aggregate,
     could not reasonably be expected to have a Material Adverse Effect.

          (d) The representations and warranties of the Seller contained herein
     or in any other Related Document shall be true and correct in all material
     respects (or, to the extent any such representation or warranty is
     qualified by a materiality standard, such representation or warranty shall
     be true and correct) as of the Closing Date, both before and after giving
     effect to such sale, except to the extent that any such representation or
     warranty expressly relates to an earlier date and except for changes
     therein expressly permitted by this Agreement.

          (e) The Seller shall be in compliance with each of its covenants and
     other agreements set forth herein.

          (f) The Seller shall have taken such other action, including delivery
     of approvals, consents, opinions, documents and instruments to the
     Purchaser as the Purchaser may reasonably request.

The consummation by the Seller of the sale of Purchaser Assets on the Closing
Date shall be deemed to constitute, as of the Closing Date, a representation and
warranty by the Seller that the conditions in clauses (d), (e) and (f) of this
Section 3.1 have been satisfied.

                                   ARTICLE IV

                    REPRESENTATIONS, WARRANTIES AND COVENANTS

     Section 4.1 Representations and Warranties of the Seller. To induce the
Purchaser to purchase the Purchaser Assets, the Seller makes the following
representations and warranties to the Purchaser, as of the Closing Date, each
and all of which shall survive the execution and delivery of this Agreement.

          (a) Valid Existence; Power and Authority. The Seller (i) is a limited
     liability company duly organized, validly existing and in good standing
     under the laws of its jurisdiction of organization; and (ii) has all
     requisite power, authority and licenses to

                                                Loan Purchase and Sale Agreement



     conduct its business, to own its properties and to execute, deliver and
     perform its obligations under this Agreement.

          (b) UCC Information. The true legal name of the Seller as registered
     in the jurisdiction of its organization, and the current location of the
     Seller's jurisdiction of organization are set forth in Schedule 4.1(b) and
     such location has not changed within the past 12 months. During the prior
     five years, except as set forth in Schedule 4.1(b), the Seller has not been
     known as or used any limited liability company, fictitious or trade name.
     In addition, Schedule 4.1(b) lists the Seller's (i) federal employer
     identification number and (ii) organizational identification number as
     designated by the jurisdiction of its organization.

          (c) Power, Authorization, Enforceable Obligations. The execution,
     delivery and performance by the Seller of this Agreement and the other
     Related Documents and the creation and perfection of all Liens and
     ownership interests provided for herein: (i) have been duly authorized by
     all necessary action, and (ii) do not violate any provision of any law or
     regulation of any Governmental Authority, or contractual or other
     restrictions, binding on the Seller, except where such violations,
     individually or in the aggregate, could not reasonably be expected to have
     a Material Adverse Effect.

          (d) Enforceability. On or prior to the Closing Date, each of the
     Related Documents to which the Seller is a party shall have been duly
     executed and delivered by the Seller and each such Related Document shall
     then constitute a legal, valid and binding obligation of the Seller
     enforceable against it in accordance with its terms, subject as to
     enforcement to bankruptcy, receivership, conservatorship, insolvency,
     reorganization, moratorium and other similar laws of general applicability
     relating to or affecting creditors' rights and to general principles of
     equity.

          (e) Solvency. The Seller is Solvent.

          (f) Use of Proceeds. No proceeds received by the Seller under this
     Agreement will be used by it for any purpose that violates Regulation U of
     the Federal Reserve Board.

          (g) Investment Company Act. The Seller is not an "investment company"
     or "controlled by" an "investment company," as such terms are defined in
     the Investment Company Act.

          (h) Loans and Other Purchaser Assets. With respect to each Loan and
     the other Purchaser Assets sold by the Seller on the Closing Date, the
     Seller represents and warrants that (i) such Loan satisfies the criteria
     for an Eligible Loan as of the Cut-Off Date; and (ii) immediately prior to
     its sale to the Purchaser, such Purchaser Assets were owned by the Seller
     free and clear of any Adverse Claim, and the Seller has had at all relevant
     times the full right, power and authority to sell, contribute, assign,
     transfer and pledge its interest therein as contemplated under this
     Agreement and, upon such sale, the Purchaser will acquire valid and
     properly perfected title to, and the sole record and beneficial ownership
     interest in, such Purchaser Assets, free and clear of any Adverse

                                                Loan Purchase and Sale Agreement



     Claim or restrictions on transferability, and the Liens granted to the
     Purchaser by the Seller pursuant to Section 2.2 will at all times be fully
     perfected first priority Liens in and to such Loans and, in addition,
     following such sale, such Loan will not be subject to any Adverse Claim as
     a result of any action or inaction on the part of the Seller (or any
     predecessor in interest).

The representations and warranties described in this Section 4.1 shall survive
the sale of the Purchaser Assets to the Purchaser, any subsequent assignment or
sale of the Purchaser Assets by the Purchaser, and the termination of this
Agreement and the other Related Documents and shall continue until the payment
in full of all Purchaser Assets.

     Section 4.2 Affirmative Covenants of the Seller. The Seller covenants and
agrees that, unless otherwise consented to by the Purchaser, from and after the
Closing Date:

          (a) Records. The Seller shall at its own cost and expense, for not
     less than three years from the date on which each Loan was originated, or
     for such longer period as may be required by law, maintain adequate Records
     with respect to such Loan, including records of all payments received,
     credits granted and merchandise returned with respect thereto.

          (b) Access. At any reasonable time, and from time to time at the
     Purchaser's reasonable request, and upon at least seven days prior notice
     to the Seller, the Seller shall permit the Purchaser (or such Person as the
     Purchaser may designate), at the expense of the Purchaser (or such Person
     as the Purchaser may designate), to conduct audits or visit and inspect any
     of the properties of the Seller to examine the records, internal controls
     and procedures maintained by the Seller with respect to the Purchaser
     Assets and take copies and extracts therefrom, and to discuss the Seller's
     affairs with its officers, employees and, upon notice to the Seller,
     independent accountants. The Seller shall authorize such officers,
     employees and independent accountants to discuss with the Purchaser (or
     such Person as the Purchaser may designate) the affairs of the Seller as
     such affairs relate to the Purchaser Assets. Any audit provided for herein
     shall be conducted in accordance with the Seller's rules respecting safety
     and security on its premises and without materially disrupting operations.
     If an Event of Default shall have occurred and be continuing, the Seller
     shall provide such access at all times and without advance notice and shall
     provide the Purchaser (or such Person as the Purchaser may designate) with
     access to its suppliers and customers.

          (c) Compliance With Agreements and Applicable Laws. The Seller shall
     comply with all federal, state and local laws and regulations applicable to
     it and the Purchaser Assets, including those relating to truth in lending,
     fair credit billing, fair credit reporting, equal credit opportunity, fair
     debt collection practices, privacy, licensing and taxation, except to the
     extent that the failure to so comply, individually or in the aggregate,
     could not reasonably be expected to have a Material Adverse Effect.

          (d) Maintenance of Existence and Conduct of Business. The Seller shall
     preserve and maintain its legal existence, rights, franchise and privileges
     in the jurisdiction of its formation.

                                                Loan Purchase and Sale Agreement



          (e) Notice of Material Event. The Seller shall promptly inform the
     Purchaser in writing of the occurrence of any of the following, in each
     case setting forth the details thereof and what action, if any, the Seller
     proposes to take with respect thereto:

          (i)  any Litigation commenced or, to the knowledge of the Seller,
               threatened against the Seller or with respect to or in connection
               with all or any substantial portion of the Purchaser Assets or
               developments in such Litigation in each case that the Seller
               believes has a reasonable risk of being determined adversely to
               the Seller and that could, if determined adversely, have a
               Material Adverse Effect; or

          (ii) the commencement of a case or proceeding by or against the Seller
               seeking a decree or order in respect of the Seller (A) under the
               Bankruptcy Code or any other applicable federal, state or foreign
               bankruptcy or other similar law, (B) appointing a custodian,
               receiver, liquidator, assignee, trustee or sequestrator (or
               similar official) for the Seller or for any substantial part of
               Seller's assets, or (C) ordering the winding-up or liquidation of
               the affairs of the Seller.

          (f) Separate Identity. The Seller shall, to the extent applicable to
     it, act in a manner that is consistent with the statements set forth in
     Exhibit 4.2(f).

          (g) Deposit of Collections. The Seller shall transfer and cause its
     Subsidiaries to transfer to the Purchaser or the Servicer on its behalf,
     promptly, and in any event no later than the second Business Day after
     receipt thereof, all Collections it may receive in respect of Purchaser
     Assets.

          (h) Sale Characterization. For accounting purposes, the Seller shall
     treat the sale made hereunder as a sale of the Purchaser Assets. The Seller
     shall also maintain its accounting books and records in a manner which
     clearly reflects such sale of the Purchaser Assets to the Purchaser.

     Section 4.3 Negative Covenants of the Seller. The Seller covenants and
agrees that, without the prior written consent of the Purchaser, from and after
the Closing Date and until the later of the Redemption Date or the Class C
Maturity Date:

          (a) Adverse Claims. The Seller shall not create, incur, assume or
     permit to exist any Adverse Claim on or with respect to any Purchaser
     Assets.

          (b) Modifications of Loans. The Seller shall not extend, amend,
     forgive, discharge, compromise, cancel, waive or otherwise modify the terms
     or conditions of any Loan except (i) as permitted under the Servicing
     Agreement and, (ii) to the extent that such extension, amendment,
     forgiveness, discharge, compromise, cancellation, waiver or modification,
     does not affect the Purchaser's ownership interest in such Loan and does
     not negatively impact the ultimate collectibility of such Loan.

          (c) UCC Matters. The Seller shall not change its state of formation or
     its name, identity or limited liability company structure such that any
     financing statement

                                                Loan Purchase and Sale Agreement



     filed to perfect the Purchaser's interests under this Agreement would
     become seriously misleading, unless the Seller shall have given the
     Purchaser not less than 30 days' prior written notice of such change.

          (d) No Proceedings. From the Closing Date and until the date one year
     plus one day following the date on which all amounts due with respect to
     the Notes have been paid in full in cash, Seller shall not, directly or
     indirectly, institute or cause to be instituted against the Purchaser any
     bankruptcy, reorganization, arrangement, insolvency or liquidation
     proceeding or other proceeding under any federal or state bankruptcy or
     similar law; provided that the foregoing shall not in any way limit the
     Seller's right to pursue any other creditor rights or remedies that the
     Seller may have under applicable law.

          (e) Consolidations, Mergers and Sales of Assets. The Seller shall not
     (i) consolidate or merge with or into any other Person unless the Seller is
     the entity surviving such merger or (ii) sell, lease or otherwise transfer
     all or substantially all of its assets to any other Person.

     Section 4.4 Perfection Representations and Warranties. The parties hereto
agree that the representations, warranties and covenants set forth in Schedule
4.4 shall be a part of this Agreement for all purposes.

                                    ARTICLE V

                                 INDEMNIFICATION

     Section 5.1 Indemnification. Without limiting any other rights that the
Purchaser or any of its Stockholders, officers, directors, employees, attorneys,
agents or representatives (each, a "Purchaser Indemnified Person") may have
hereunder or under applicable law, the Seller hereby agrees to indemnify and
hold harmless each Purchaser Indemnified Person from and against any and all
Indemnified Amounts that may be claimed or asserted against or incurred by any
such Purchaser Indemnified Person to the extent arising from or related to the
failure of a Loan to be originated in compliance with all requirements of law;
provided, that the Seller shall not be liable for any indemnification to a
Purchaser Indemnified Person to the extent that any such Indemnified Amounts
result from (a) such Purchaser Indemnified Person's bad faith, gross negligence
or willful misconduct, (b) recourse for uncollectible Loans, or (c) any income
tax or franchise tax incurred by any Purchaser Indemnified Person, except to the
extent that the incurrence of any such tax results from a breach of or default
by the Seller under this Agreement.

NO PARTY TO THIS AGREEMENT SHALL BE RESPONSIBLE OR LIABLE TO ANY OTHER PARTY TO
THIS AGREEMENT, ANY SUCCESSOR, ASSIGNEE OR THIRD PARTY BENEFICIARY OF SUCH
PERSON OR ANY OTHER PERSON ASSERTING CLAIMS DERIVATIVELY THROUGH SUCH PARTY, FOR
INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES THAT MAY BE ALLEGED AS A
RESULT OF ANY TRANSACTION CONTEMPLATED HEREUNDER.

                                                Loan Purchase and Sale Agreement



                                   ARTICLE VI

                                  CLEAN-UP CALL

     Section 6.1 Clean-up Call. As of the first day of any Collection Period
immediately preceding a Payment Date as of which the Pool Balance is 10% or less
of the Pool Balance as of the Cut-off Date, the Seller shall have the option to
purchase all of the Collateral, other than the Trust Accounts. To exercise such
option, the Seller shall pay to the Servicer, on behalf of the Issuer, and the
Servicer shall deposit in the Collection Account an amount equal to the
aggregate Purchase Amount for the Loans plus the appraised value of any such
other property held by the Purchaser, such value to be determined by an
appraiser mutually agreed upon by the Seller and the Purchaser, shall succeed to
all interests in, to and under the Collateral, other than the Trust Accounts.

                                   ARTICLE VII

                                  MISCELLANEOUS

     Section 7.1 Notices. Except as otherwise provided herein, whenever it is
provided herein that any notice, demand, request, consent, approval, declaration
or other communication shall or may be given to or served upon any of the
parties by any other parties, or whenever any of the parties desires to give or
serve upon any other parties any communication with respect to this Agreement,
each such notice, demand, request, consent, approval, declaration or other
communication shall be in writing and shall be deemed to have been validly
served, given or delivered (a) upon the earlier of actual receipt and three
Business Days after deposit in the United States mail, registered or certified
mail, return receipt requested, with proper postage prepaid, (b) upon
transmission, when sent by telecopy or other similar facsimile transmission
(with such telecopy or facsimile promptly confirmed by delivery of a copy by
personal delivery or United States mail as otherwise provided in this Section
7.1), (c) one Business Day after deposit with a reputable overnight courier with
all charges prepaid or (d) when delivered, if hand-delivered by messenger, all
of which shall be addressed to the party to be notified and sent to the address
or facsimile number set forth below or to such other address (or facsimile
number) as may be substituted by notice given as herein provided. The giving of
any notice required hereunder may be waived in writing by the party entitled to
receive such notice. Failure or delay in delivering copies of any notice,
demand, request, consent, approval, declaration or other communication to any
Person (other than Purchaser) designated in any written communication provided
hereunder to receive copies shall in no way adversely affect the effectiveness
of such notice, demand, request, consent, approval, declaration or other
communication. Notwithstanding the foregoing, whenever it is provided herein
that a notice is to be given to any other party hereto by a specific time, such
notice shall be effective only if actually received by such party prior to such
time, and if such notice is received after such time or on a day other than a
Business Day, such notice shall be effective only on the immediately succeeding
Business Day.

                                                Loan Purchase and Sale Agreement



     If to Seller:

          CEF Equipment Holding, L.L.C.
          44 Old Ridgebury Road
          Danbury, Connecticut 06810
          Attention: General Counsel
          Telephone: (203) 796-5518
          Facsimile: (203) 796-1310

     If to Purchaser:

          GE Equipment Midticket LLC, Series 2006-1
          44 Old Ridgebury Road
          Danbury, Connecticut 06810
          Attention: Capital Markets Operations
          Telephone: (203) 796-5518
          Facsimile: (203) 796-5554

     Section 7.2 No Waiver; Remedies. (a) Either party's failure, at any time or
times, to require strict performance by the other party hereto of any provision
of this Agreement shall not waive, affect or diminish any right of such party
thereafter to demand strict compliance and performance herewith. Any suspension
or waiver of any breach or default hereunder shall not suspend, waive or affect
any other breach or default whether the same is prior or subsequent thereto and
whether of the same or a different type. None of the undertakings, agreements,
warranties, covenants and representations of either party contained in this
Agreement, and no breach or default by either party hereunder, shall be deemed
to have been suspended or waived by the other party hereto unless such waiver or
suspension is by an instrument in writing signed by an officer of or other duly
authorized signatory of such party and directed to the defaulting party
specifying such suspension or waiver.

          (b) Upon discovery by the Seller or the Purchaser of any breach of any
     representation, warranty, undertaking or covenant described in Sections
     4.1, 4.2 or 4.3, which breach is reasonably likely to have a Material
     Adverse Effect, the party discovering the same shall give prompt written
     notice thereof to the other party hereto. As liquidated damages, the
     Purchaser shall, on the Transfer Date relating to the Collection Period
     during which the breach is discovered, request the Seller to, and the
     Seller shall pay to, or at the direction of, the Purchaser the Purchase
     Amount for the applicable Purchaser Assets (measured at the end of the
     Collection Period during which such breach is discovered). Upon such
     payment, all rights, title and interest of the Purchaser in and to such
     Purchaser Assets will be deemed to be automatically released without the
     necessity of any further action by the Purchaser, the Seller or any other
     party and such Purchaser Assets will become the property of the Seller.

          (c) Each party's rights and remedies under this Agreement shall be
     cumulative and nonexclusive of any other rights and remedies that such
     party may have under any other agreement, including the other Related
     Documents, by operation of law or otherwise.

                                                Loan Purchase and Sale Agreement



     Section 7.3 Successors and Assigns. This Agreement shall be binding upon
and shall inure to the benefit of the Seller and the Purchaser and their
respective successors and permitted assigns, except as otherwise provided
herein. The Seller may not assign, transfer, hypothecate or otherwise convey its
rights, benefits, obligations or duties hereunder without the prior express
written consent of the Purchaser. Any such purported assignment, transfer,
hypothecation or other conveyance by the Seller without the prior express
written consent of the Purchaser shall be void. The Seller acknowledges that
under the Indenture the Purchaser will assign its rights granted hereunder to
the Indenture Trustee, and upon such assignment, Indenture Trustee shall have,
to the extent of such assignment, all rights of the Purchaser hereunder and
Indenture Trustee may in turn transfer such rights. The terms and provisions of
this Agreement are for the purpose of defining the relative rights and
obligations of the Seller and the Purchaser with respect to the transactions
contemplated hereby and no Person shall be a third-party beneficiary of any of
the terms and provisions of this Agreement.

     Section 7.4 Termination; Survival of Obligations. (a) 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 the
earlier of (i) the Class C Maturity Date or (ii) the Redemption Date.

          (b) Except as otherwise expressly provided herein or in any other
     Related Document, no termination or cancellation (regardless of cause or
     procedure) of any commitment made by the Purchaser under this Agreement
     shall in any way affect or impair the obligations, duties and liabilities
     of the Seller or the rights of the Purchaser relating to any unpaid portion
     of any and all recourse and indemnity obligations of the Seller to the
     Purchaser, due or not due, liquidated, contingent or unliquidated or any
     transaction or event occurring prior to such termination, or any
     transaction or event, the performance of which is required after the Class
     C Maturity Date. Except as otherwise expressly provided herein or in any
     other Related Document, all undertakings, agreements, covenants, warranties
     and representations of or binding upon the Seller, and all rights of the
     Purchaser hereunder shall not terminate or expire, but rather shall survive
     any such termination or cancellation and shall continue in full force and
     effect until the earlier of (i) the Class C Maturity Date or (ii) the
     Redemption Date; provided, that the rights and remedies pursuant to Section
     7.2(b), the indemnification and payment provisions of Article V, and the
     provisions of Sections 4.3(d), 7.3 and 7.12 shall be continuing and shall
     survive any termination of this Agreement.

     Section 7.5 Complete Agreement; Modification of Agreement. This Agreement
constitutes the complete agreement between the parties with respect to the
subject matter hereof, supersedes all prior agreements and understandings
relating to the subject matter hereof and thereof, and may not be modified,
altered or amended except as set forth in Section 7.6.

     Section 7.6 Amendments and Waivers. No amendment, modification, termination
or waiver of any provision of this Agreement, or any consent to any departure
therefrom by any party hereto, shall in any event be effective unless the same
shall be in writing and signed by each of the parties hereto. No consent or
demand in any case shall, in itself, entitle any party to any other consent or
further notice or demand in similar or other circumstances.

                                                Loan Purchase and Sale Agreement



     Section 7.7 GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL.
(a) THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS,
INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY,
AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF
NEW YORK (WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS THEREOF EXCEPT
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW) AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

          (b) EACH PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR
     FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
     HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES
     BETWEEN THEM PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF
     OR RELATING TO THIS AGREEMENT; PROVIDED, THAT EACH PARTY HERETO
     ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A
     COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY;
     PROVIDED FURTHER, THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE
     TO PRECLUDE THE PURCHASER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION
     IN ANY OTHER JURISDICTION TO REALIZE ON THE LOANS OR ANY SECURITY FOR THE
     OBLIGATIONS OF THE SELLER ARISING HEREUNDER OR TO ENFORCE A JUDGMENT OR
     OTHER COURT ORDER IN FAVOR OF THE PURCHASER. EACH PARTY HERETO SUBMITS AND
     CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN
     ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION THAT SUCH
     PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
     FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR
     EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO
     HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS
     ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS,
     COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL
     ADDRESSED TO SUCH PARTY AT ITS ADDRESS DETERMINED IN ACCORDANCE WITH
     SECTION 7.1 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE
     EARLIER OF SUCH PARTY'S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT
     IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS SECTION
     SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY
     OTHER MANNER PERMITTED BY LAW.

                                                Loan Purchase and Sale Agreement



          (c) BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL
     TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED
     AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO
     APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
     DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE,
     TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND
     OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
     ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER
     SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH,
     RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN
     CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

     Section 7.8 Counterparts. This Agreement may be executed in any number of
separate counterparts, each of which shall collectively and separately
constitute one agreement.

     Section 7.9 Severability. Wherever possible, each provision of this
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Agreement shall be prohibited
by or invalid under applicable law, such provision shall be ineffective only to
the extent of such prohibition or invalidity without invalidating the remainder
of such provision or the remaining provisions of this Agreement.

     Section 7.10 Section Titles. The section titles and table of contents
contained in this Agreement are provided for ease of reference only and shall be
without substantive meaning or content of any kind whatsoever and are not a part
of the agreement between the parties hereto.

     Section 7.11 No Setoff. The Seller's obligations under this Agreement shall
not be affected by any right of setoff, counterclaim, recoupment, defense or
other right the Seller might have against the Purchaser, all of which rights are
hereby expressly waived by the Seller.

     Section 7.12 Confidentiality. Notwithstanding anything herein to the
contrary, there is no restriction (express or implied) on any disclosure or
dissemination of the structure or tax aspects of the transaction contemplated by
the Related Documents. Furthermore, each party hereto acknowledges that it has
no proprietary rights to any tax matter or tax idea contemplated hereby or to
any element of the transaction structure contemplated hereby.

     Section 7.13 Further Assurances. (a) The Seller shall, at its sole cost and
expense, upon request of the Purchaser, promptly and duly authorize, execute
and/or deliver, as applicable, any and all further instruments and documents and
take such further actions that may be necessary or desirable or that the
Purchaser may request to carry out more effectively the provisions and purposes
of this Agreement or to obtain the full benefits of this Agreement and of the
rights and powers herein granted, including authorizing and filing any financing
or continuation statements under the UCC with respect to the ownership interests
or Liens granted hereunder. The Seller hereby authorizes the Purchaser to file
any such financing or continuation

                                                Loan Purchase and Sale Agreement



statements without the signature of the Seller to the extent permitted by
applicable law. A carbon, photographic or other reproduction of this Agreement
or of any notice or financing statement covering the Purchaser Assets or any
part thereof shall be sufficient as a notice or financing statement where
permitted by law. If any amount payable under or in connection with any of the
Purchaser Assets is or shall become evidenced by any instrument, such
instrument, other than checks and notes received in the ordinary course of
business, shall be duly endorsed in a manner satisfactory to the Purchaser
immediately upon the Seller's receipt thereof and promptly delivered to or at
the direction of the Purchaser.

     (b) If the Seller fails to perform any agreement or obligation under this
Section 7.13, the Purchaser may (but shall not be required to) itself perform,
or cause performance of, such agreement or obligation, and the reasonable
expenses of the Purchaser incurred in connection therewith shall be payable by
the Seller upon demand of the Purchaser.

     Section 7.14 Accounting Changes. If any Accounting Changes occur and such
changes result in a change in the standards or terms used herein, then the
parties hereto agree to enter into negotiations in order to amend such
provisions so as to equitably reflect such Accounting Changes with the desired
result that the criteria for evaluating the financial condition of such Persons
and their Subsidiaries shall be the same after such Accounting Changes as if
such Accounting Changes had not been made. If the parties hereto agree upon the
required amendments to this Agreement, then after appropriate amendments have
been executed and the underlying Accounting Change with respect thereto has been
implemented, any reference to GAAP contained herein shall, only to the extent of
such Accounting Change, refer to GAAP consistently applied after giving effect
to the implementation of such Accounting Change. If such parties cannot agree
upon the required amendments within 30 days following the date of implementation
of any Accounting Change, then all financial statements delivered and all
standards and terms used herein shall be prepared, delivered and used without
regard to the underlying Accounting Change.

                               [Signatures Follow]

                                                Loan Purchase and Sale Agreement



     IN WITNESS WHEREOF, the parties have caused this LOAN PURCHASE AND SALE
AGREEMENT to be executed by their respective duly authorized representatives, as
of the date first above written.

                                       CEF EQUIPMENT HOLDING, L.L.C.


                                       By:
                                           -----------------------------------
                                           Name:
                                           Title:


                                       GE EQUIPMENT MIDTICKET LLC, SERIES 2006-1

                                           By:  CEF Equipment Holding, L.L.C.,
                                           its Managing Member


                                           By:
                                               ---------------------------------
                                           Name:
                                           Title:

                                                Loan Purchase and Sale Agreement



                                                                 Schedule 4.1(b)

                                 UCC INFORMATION

CEF Equipment Holding, L.L.C.

True Legal Name:                                 CEF Equipment Holding, L.L.C.

Jurisdiction of Organization:                    Delaware

Executive Offices/Principal Place of Business:   44 Old Ridgebury Road
                                                 Danbury, Connecticut 06810

Collateral Locations:                            Danbury, Connecticut
                                                 El Paso, Texas
                                                 Mexico

Trade Names:                                     N/A

FEIN:                                            20-0192070

Organizational Identification Number:            N/A

                                                Loan Purchase and Sale Agreement



                                                                     EXHIBIT 4.4

              PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

     In addition to the representations, warranties and covenants contained in
the Purchase and Sale Agreement, to induce the Purchaser to enter into the
Purchase and Sale Agreement, the Seller hereby represents, warrants, and
covenants to Purchaser as follows, on the Closing Date:

                                     General

     1. The Purchase and Sale Agreement creates a valid and continuing security
interest (as defined in the applicable UCC) in the Collateral in favor of the
Purchaser, which security interest is prior to all other Liens, and is
enforceable as such as against creditors of and purchasers from the Seller.

     2. The Loans constitute "accounts," "general intangibles," "instruments,"
or "tangible chattel paper," within the meaning of the UCC as in effect in the
State of New York.

     3. The Seller has taken all steps necessary to perfect its security
interest against the Purchaser in the property securing the Loans that
constitute chattel paper.

                                    Creation

     4. The Seller owns and has good and marketable title to the Loans free and
clear of any Lien, claim or encumbrance of any Person, excepting only liens for
taxes, assessments or similar governmental charges or levies incurred in the
ordinary course of business that are not yet due and payable or as to which any
applicable grace period shall not have expired, or that are being contested in
good faith by proper proceedings and for which adequate reserves have been
established, but only so long as foreclosure with respect to such a lien is not
imminent and the use and value of the property to which the Lien attaches is not
impaired during the pendency of such proceeding.

                                   Perfection

     5. The Seller has caused or will have caused, within ten days after the
effective date of the Purchase and Sale Agreement, the filing of all appropriate
financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the sale of the Loans
from Purchaser to the Seller, and the security interest in the Loans granted to
the Purchaser hereunder and all financing statements referred to in this
paragraph contain a statement that: "A purchase of or security interest in any
collateral described in this financing statement will violate the rights of the
Purchaser.".

     6. With respect to Loans that constitute an instrument or tangible chattel
paper, either:

     (a) Such instruments or tangible chattel paper are in the possession of a
custodian and the Purchaser has received a written acknowledgment from the
custodian that the custodian is

                                                Loan Purchase and Sale Agreement



holding such instruments or tangible chattel paper to effect the Purchaser's
security interest therein; or

     (b) A custodian received possession of such instruments or tangible chattel
paper after the Purchaser received a written acknowledgment from such custodian
that such custodian is acting to effect the Purchaser's security interest
therein.

                                    Priority

     7. Other than the transfer of the Loans to the Seller under the Loan Sale
Agreement, the security interest granted to the Purchaser pursuant to the
Purchase and Sale Agreement and the security interest granted to the Indenture
Trustee pursuant to the Indenture, neither the Seller nor the Purchaser has
pledged, assigned, sold, granted a security interest in, or otherwise conveyed
any of the Loans. Neither the Seller nor the Purchaser has authorized the filing
of, or is aware of any financing statements against the Seller or the Purchaser
that include a description of collateral covering the Loans other than any
financing statement relating to the security interest granted to the Purchaser
hereunder or to the Indenture Trustee under the Indenture or that has been
terminated.

     8. Survival of Perfection Representations. Notwithstanding any other
provision of the Purchase and Sale Agreement or any other Related Document, the
Perfection Representations contained in this Schedule shall be continuing, and
remain in full force and effect and shall continue until the payment in full of
all Purchaser Assets.

     10. No Waiver. The parties to the Purchase and Sale Agreement: (i) shall
not, without obtaining a confirmation of the then-current rating of the Notes,
waive any of the Perfection Representations; (ii) shall provide the Ratings
Agencies with prompt written notice of any breach of the Perfection
Representations, and (iii) shall not, without obtaining a confirmation of the
then-current rating of the Notes (as determined after any adjustment or
withdrawal of the ratings following notice of such breach) waive a breach of any
of the Perfection Representations.

     11. Seller to Maintain Perfection and Priority. The Seller covenants that,
in order to evidence the interests of the Seller and the Purchaser under this
Agreement, the Seller shall execute and deliver such instruments (other than
effecting a Filing (as defined below), unless such Filing is effected in
accordance with this paragraph) as may be necessary or advisable (including,
without limitation, such actions as are requested by the Purchaser) to maintain
and perfect, as a first priority interest, the Purchaser's security interest in
the Collateral. The Seller shall within the time limits established by law,
prepare and present to the Purchaser for the Purchaser to authorize (based in
reliance on the Opinion of Counsel hereinafter provided for) the Servicer to
file all financing statements, amendments, continuations, initial financing
statements in lieu of a continuation statement, terminations, partial
terminations, releases or partial releases, or any other filings necessary or
advisable to continue, maintain and perfect the Purchaser's security interest in
the Collateral as a first-priority interest (each a "Filing"). The Seller shall
present each such Filing to the Purchaser together with (x) an Opinion of
Counsel to the effect that such Filing is (i) consistent with grant of the
security interest to the Purchaser pursuant to the Granting Clause of this
Purchase and Sale Agreement, (ii) satisfies all requirements and conditions to
such Filing in this Purchase and Sale Agreement and (iii) satisfies the
requirements

                                                Loan Purchase and Sale Agreement



for a Filing of such type under the Uniform Commercial Code in the applicable
jurisdiction (or if the Uniform Commercial Code does not apply, the applicable
statute governing the perfection of security interests), and (y) a form of
authorization for the Seller's signature authorizing the Servicer to effect such
Filing under the Uniform Commercial Code without the signature of the Seller
where allowed by applicable law.

                                                Loan Purchase and Sale Agreement



                                                                      Schedule I

                              Schedule of CEF Loans

                                 [see attached]

                                                Loan Purchase and Sale Agreement


LOAN ID NUMBER
--------------
4067599061
4067599062
4067599063
4067599064
4067599065
4067862004
4067862005
4073453026
4073453027
4073453028
4073453029
4079001005
4079001006
4079712009
4083476027
4083476031
4083476032
4083476033
4083476034
4083476035
4083476036
4083476037
4083476038
4083558006
4083558007
4085669017
4087903015
4087903016
4089934018
4089934019
4090853008
4090917005
4095371180
4095371181
4095626005
4098922008
4098922009
4104544013
4111112003
4113263006
4113480003
4113981014
4113981015
4116286004
4118472018
4118472019
4118472020
4118472021
4118472022
4118472023
4118472024
4118472025
4118472026
4118472027
4118472028
4118472029
4119049015
4119049016
4119049018
4119713007
4119713008
4119768013
4119768014



4119768015
4119768016
4119768017
4119768018
4119768019
4119768020
4119768021
4122979002
4124421008
4124454009
4124777028
4124777029
4124777030
4124777031
4124777032
4124777033
4124777034
4124777035
4124777036
4124777037
4124777038
4124777039
4124777040
4124777041
4124777042
4124777043
4124777044
4124777045
4124777046
4124777047
4124777048
4124777049
4124777050
4124777051
4124777052
4124777053
4126885003
4126885004
4126885005
4128777008
4128777011
4128784007
4129030002
4129030003
4129103002
4129197010
4129197011
4129197012
4131480005
4131492005
4131492006
4131492007
4131492008
4131858007
4132318016
4132666010
4132666011
4132666012
4133082004
4133082005
4133094007
4133094008
4133094009
4133440003



4133592005
4133592006
4133592007
4133651003
4134387006
4134387007
4135039012
4135039013
4135039014
4135321005
4135403002
4135580020
4135580024
4135580025
4135580026
4135580027
4135899003
4136108004
4136108006
4136108007
4136108008
4136108009
4136207005
4136207006
4136551016
4136699002
4136785006
4136785007
4136977008
4137098009
4137098010
4137122004
4138446002
4138709015
4138712012
4138712013
4138712014
4138712015
4138712016
4138712017
4138712018
4138712019
4138712020
4138712021
4138712022
4138712023
4139020007
4139020008
4139598001
4139605003
4139651004
4139651005
4139838005
4139838006
4139916003
4139916006
4140013008
4140013009
4140013010
4140013011
4140013012
4140013013
4140013014
4140013015



4140013016
4140013017
4140662005
4140978002
4140978003
4141188002
4141188003
4141188004
4141188005
4141188006
4141548002
4141636006
4141636007
4141714009
4141714010
4141714011
4141714012
4141714013
4141714014
4141714015
4141714016
4142620010
4142620011
4143267006
4143267007
4143267008
4143608005
4143742004
4143987004
4143987005
4143987006
4143987007
4143987008
4143987009
4143987010
4143987011
4144185002
4144345006
4144345007
4144345008
4144345009
4144345010
4144345011
4144345012
4144345013
4144628002
4144635007
4144635008
4144978004
4144978005
4144978006
4145534004
4145534005
4145581005
4145581009
4145581010
4145581011
4145581013
4145874002
4145874003
4145874004
4145936002
4146104003
4146104004



4146104005
4146104006
4146104007
4146104008
4146104009
4146104010
4146486013
4146583006
4146604007
4146746012
4146746013
4146746017
4146999005
4146999006
4147304008
4147943016
4148220003
4148623004
4148623005
4148623006
4149903002
4149903004
4149903005
4149941006
4149941007
4149941008
4149941009
4150013003
4150013004
4150252008
4150344002
4150975010
4151463003
4151983005
4152065004
4152233022
4152233023
4152233024
4152374002
4152602002
4152602003
4152602004
4152721001
4152954003
4152954004
4153248006
4153248007
4153248008
4153248009
4153506003
4153506004
4153962002
4154053001
4154454003
4154634006
4154634007
4154710002
4154710003
4154750003
4154750004
4154798002
4154798003
4154798004
4154798005



4154798006
4154798007
4155361004
4155389006
4155537004
4155550008
4155582002
4155582003
4155582004
4155582005
4155892003
4155957005
4156354003
4156354004
4156367003
4156367004
4156367005
4156456007
4156493025
4156493026
4156493027
4156493028
4156493029
4156493030
4156493031
4156493032
4156493033
4156493034
4156493035
4156493036
4156493037
4156739003
4156801001
4156801002
4156813007
4156920008
4157127003
4157127004
4157154004
4157172002
4157215003
4157351002
4157351003
4157351004
4157351005
4157505001
4157563003
4157627004
4157702003
4157702004
4157702005
4157702006
4157714004
4157830009
4157830010
4157830011
4157830012
4157838007
4157838008
4157864002
4157864003
4157907004
4158145002
4158145003



4158145004
4158145005
4158145007
4158145008
4158218003
4158270008
4158306011
4158306012
4158306013
4158306014
4158306015
4158306016
4158322005
4158322006
4158359001
4158359002
4158359003
4158359004
4158359006
4158359007
4158359008
4158359009
4158359010
4158362003
4158362004
4158391005
4158391006
4158396007
4158576003
4158594002
4158594003
4158622002
4158622003
4158622004
4158622005
4158622006
4158622007
4158622008
4158678004
4158911003
4158966003
4159121002
4159121004
4159266004
4159266005
4159266006
4159327002
4159327008
4159327009
4159353003
4159457014
4159457016
4159457017
4159583002
4159698003
4159698004
4159785003
4159823003
4159827001
4159866004
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                                                                  EXHIBIT 4.2(f)

                          SEPARATE IDENTITY PROVISIONS

     The Purchaser, GECS, GE Capital and the Seller have and will continue (in
each case, to the extent within its control) to maintain the Purchaser's
separate existence and identity and have and will continue to take all steps
necessary to make it apparent to third parties that the Purchaser is an entity
with assets and liabilities distinct from those of the Seller, GE Capital or
GECS or any other Subsidiary or Affiliate of the Seller, GE Capital or GECS. In
addition to the foregoing, such steps and indicia of the Purchaser's separate
identity include the following:

     (a) The Purchaser does and will maintain its own stationery and other
business forms separate from those of any other Person (including the Seller, GE
Capital and GECS), and will conduct business in its own name except that certain
Persons may act on behalf of the Purchaser as agents;

     (b) The Purchaser maintains and will maintain separate office space of its
own as part of its operations, although such space is in a building shared with
GE Capital. The corporate records, the other books and records, and the other
assets of the Purchaser are and will be segregated from the property of the
Seller and GECS, respectively;

     (c) GECS and/or GE Capital will issue consolidated financial statements,
which financial statements will not show Purchaser Assets that have been sold by
the Seller to the Purchaser as assets of the Seller and its consolidated
subsidiaries. The Seller, GECS, GE Capital and the Purchaser will take certain
actions to disclose publicly the Purchaser's separate existence and the
transactions contemplated hereby, including through the filing of the UCC
Financing Statements. None of the Seller, GECS, GE Capital or the Purchaser has
concealed or will conceal from any interested party any transfers contemplated
by the Related Documents;

     (d) The Purchaser will not have its own employees, and, as indicated, the
Purchaser's business relating to the Purchaser Assets may be conducted through
the agents. However, any allocations of direct, indirect or overhead expenses
for items shared between the Purchaser, GE Capital or GECS that are not included
as part of the Servicing Fee are and will be made among such entities to the
extent practical on the basis of actual use or value of services rendered and
otherwise on a basis reasonably related to actual use or the value of services
rendered;

     (e) Except as provided in paragraph (d) above regarding the allocation of
certain shared overhead items, the Purchaser does and will pay its own operating
expenses and liabilities from its own funds, except GECS did and will pay all
expenses of the Purchaser incurred in connection with the transactions entered
into pursuant to the Related Documents, including those related to the
Purchaser's organization;

     (f) Each of the Seller, GECS, GE Capital and the Purchaser does and will
maintain its assets and liabilities in such a manner that it is not costly or
difficult to segregate, ascertain or otherwise identify the Purchaser's
individual assets and liabilities from those of the Seller, GE Capital or GECS
or from those of any other person or entity, including any other Subsidiary or
Affiliate of the Seller, GE Capital or GECS. Except as set forth below, the
Purchaser does and will maintain its own books of account and corporate records
separate from the Seller, GE

                                                Loan Purchase and Sale Agreement



Capital and GECS or any other Subsidiary or Affiliate of the Seller, GE Capital
and GECS. Monetary transactions, including those with each other, are and will
continue to be properly reflected in their respective financial records. The
Purchaser does not and will not commingle or pool its funds or other assets or
liabilities with those of the Seller, GE Capital or GECS or any other Subsidiary
or Affiliate of the Seller, GE Capital or GECS except as specifically provided
in the Related Documents with respect to the temporary commingling of
Collections and with respect to, if applicable, any such Person's retention, in
their capacity as agent or Custodian for the Purchaser, of the books and records
pertaining to the Purchaser Assets. However, any such agent or Custodian will
not generally make the books and records relating to the Purchaser Assets
available to any of creditors or other interested Persons of the Purchaser, the
Seller, GE Capital or GECS. The Purchaser does not and will not maintain joint
bank accounts or other depository accounts to which the Seller, GE Capital or
GECS or any other Subsidiary or Affiliate of the Seller, GE Capital or GECS
(other than in their capacity as agent for the Purchaser, if applicable) has
independent access;

     (g) The Purchaser will strictly observe corporate formalities, and the
Seller, GE Capital and GECS will strictly observe corporate formalities with
respect to its dealings with the Purchaser. Specifically, no transfer of assets
between any of the Seller, GE Capital and GECS, on the one hand, and the
Purchaser, on the other, will be made without adherence to corporate
formalities;

     (h) The transactions among the Purchaser and the Seller, GE Capital or
GECS, including the terms governing any servicer advances and the amount and
payment of the servicing fee, are on terms and conditions that are consistent
with those of arm's-length relationships. None of the Seller, GE Capital or GECS
is or will be, or holds or will hold itself out to be, responsible for the debts
of the Purchaser, except as provided in: the representations made by GE Capital
(including, if applicable, as a servicer or a sub-servicer) to the Purchaser
relating to the Purchaser Assets and their prior ownership and servicing
thereof. The Purchaser will not guaranty the debts of the Seller, GE Capital or
GECS;

     (i) All distributions made by the Purchaser to Seller as its sole member
shall be in accordance with applicable law;

     (j) Any other transactions between the Purchaser and the Seller, GE Capital
or GECS permitted by (although not expressly provided for in) the Related
Documents have been and will be fair and equitable to each of the parties, have
been and will be the type of transaction that would be entered into by a prudent
Person or entity, and have been and will be on terms that are at least as
favorable as may be obtained from a third party Person; and

     (k) The Purchaser is not named, or has entered into any agreement to be
named, directly or indirectly, as a direct or contingent beneficiary or loss
payee on any insurance policy covering the assets of the Seller, GE Capital or
GECS.

                                   * * * * * *

                                                Loan Purchase and Sale Agreement



                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----
ARTICLE I     DEFINITIONS AND INTERPRETATION.............................     1
   Section 1.1    Definitions............................................     1
   Section 1.2    Rules of Construction..................................     1
ARTICLE II    SALES OF PURCHASER ASSETS..................................     1
   Section 2.1    Sale of Loans..........................................     1
   Section 2.2    Grant of Security Interest; Subordination..............     2
   Section 2.3    Sale Price.............................................     4
   Section 2.4    Removal of Loans.......................................     4
ARTICLE III   CONDITIONS PRECEDENT.......................................     4
   Section 3.1    Conditions to Sale.....................................     4
ARTICLE IV    REPRESENTATIONS, WARRANTIES AND COVENANTS..................     5
   Section 4.1    Representations and Warranties of the Seller...........     5
   Section 4.2    Affirmative Covenants of the Seller....................     7
   Section 4.3    Negative Covenants of the Seller.......................     8
   Section 4.4    Perfection Representations and Warranties..............     9
ARTICLE V     INDEMNIFICATION............................................     9
   Section 5.1    Indemnification........................................     9
ARTICLE VI    CLEAN-UP CALL..............................................    10
   Section 6.1    Clean-up Call..........................................    10
ARTICLE VII   MISCELLANEOUS..............................................    10
   Section 7.1    Notices................................................    10
   Section 7.2    No Waiver; Remedies....................................    11
   Section 7.3    Successors and Assigns.................................    12
   Section 7.4    Termination; Survival of Obligations...................    12
   Section 7.5    Complete Agreement; Modification of Agreement..........    12
   Section 7.6    Amendments and Waivers.................................    12
   Section 7.7    GOVERNING LAW; CONSENT TO JURISDICTION;
                     WAIVER OF JURY TRIAL................................    13
   Section 7.8    Counterparts...........................................    14
   Section 7.9    Severability...........................................    14
   Section 7.10   Section Titles.........................................    14
   Section 7.11   No Setoff..............................................    14
   Section 7.12   Confidentiality........................................    14
   Section 7.13   Further Assurances.....................................    14
   Section 7.14   Accounting Changes.....................................    15

Schedule 4.1(b)   UCC Information

Schedule 4.4      Perfection Representations, Warranties and Covenants

Schedule I        Schedule of CEF Loans

Exhibit 4.2(f)    Separate Indemnity Provisions

Annex A           Definitions and Interpretations


                                       -i-



                                TABLE OF CONTENTS
                                   (continued)

                                                                            PAGE
                                                                            ----


                                      -ii-





                                                                   FINAL VERSION

                                     ANNEX A

                                       to

                        LOAN PURCHASE AND SALE AGREEMENT

                                   dated as of

                                December 14, 2006

                                                                      Annex A to
                                                Loan Purchase and Sale Agreement



                         DEFINITIONS AND INTERPRETATION

     SECTION 1. Definitions and Conventions. Capitalized terms used in the
Purchase and Sale Agreement shall have (unless otherwise provided elsewhere
therein) the following respective meanings:

     "Accounting Changes" means, with respect to any Person, an adoption of GAAP
different from such principles previously used for reporting purposes by such
Person as defined in the Accounting Principles Board Opinion Number 20.

     "Administration Agreement" means the Administration Agreement, dated as of
December 14, 2006, between the Administrator and the Issuer.

     "Administrator" means GE Capital, in its capacity as Administrator under
the Administration Agreement, or any other Person designated as a successor
administrator.

     "Adverse Claim" means any claim of ownership or any Lien, other than any
ownership interest or Lien created under the Loan Sale Agreement or the Purchase
and Sale Agreement, any Lien created under the Indenture or any Permitted
Encumbrances.

     "Affiliate" means, with respect to any Person, (a) each Person that,
directly or indirectly, owns or controls, whether beneficially, or as a trustee,
guardian or other fiduciary, five percent (5%) or more of the stock having
ordinary voting power in the election of directors of such Person, (b) each
Person that controls, is controlled by, or is under common control with such
Person, or (c) each of such Person's officers, directors, joint venturers and
partners. For the purposes of this definition, "control" of a Person means the
possession, directly or indirectly, of the power to direct or cause the
direction of its management or policies, whether through the ownership of voting
securities, by contract or otherwise.

     "Annual Percentage Rate" or "APR" of a Loan means, the interest rate or
annual rate of finance charges stated in or, if not explicitly stated, the
implicit finance charge used by the Servicer to calculate periodic payments with
respect to the related Loan.

     "Appendices" means, with respect to any Related Document, all exhibits,
schedules, annexes and other attachments thereto, or expressly identified
thereto.

     "Bankruptcy Code" means the provisions of Title 11 of the United States
Code, 11 U.S.C. Sections 101 et seq.

     "Business Day" means any day that is not a Saturday, a Sunday or a day on
which banks are required or permitted to be closed in the State of New York or
the State of Connecticut.

     "CEF Limited Liability Company Agreement" means the Second Amended &
Restated Limited Liability Company Agreement of the Seller dated as of September
25, 2003, as the same may be amended and supplemented from time to time.

     "Class C Maturity Date" is defined in the Indenture.

                                                                      Annex A to
                                                Loan Purchase and Sale Agreement



     "Closing Date" means December 14, 2006.

     "Collateral" is defined in the Indenture.

     "Collection Account" is the account designated as such, established and
owned by the Issuer.

     "Collection Period" means, with respect to any Payment Date, the calendar
month preceding the month in which the Payment Date occurs (or, if for the first
Payment Date, the period from and including the day after the Cut-off Date to
and including the last day of the calendar month preceding the calendar month in
which the first Payment Date occurs).

     "Collections" means, with respect to any Payment Date all payments made by
or on behalf of the Obligors received during the related Collection Period, any
Recoveries received during the related Collection Period, any proceeds from
insurance policies covering the Equipment or related Obligor received during the
related Collection Period. Liquidation Proceeds received during the related
Collection Period, and payments made by a lessee pursuant to its obligation (if
any) to pay the Termination Value pursuant to the related Loan received during
the related Collection Period; provided, that "Collections" for the first
Collection Period shall exclude interest accrued before December 1, 2006.

     "Consumer Contract" is defined in the Loan Sale Agreement.

     "Credit and Collection Policies" or "Credit and Collection Policy" means
the policies, practices and procedures adopted by the Issuer on the Closing Date
for providing equipment loans secured by transportation equipment, industrial
equipment, construction equipment, furniture and fixtures, maritime assets,
technology and telecommunications equipment or other equipment, including the
policies and procedures for determining the creditworthiness of Obligors and the
extension of credit to Obligors, or relating to the maintenance of such types of
loans and collections on such types of loans.

     "Cut-off Date" is defined in the Loan Sale Agreement.

     "Deemed Collateral" is defined in Section 2.2(a)(i) of the Purchase and
Sale Agreement.

     "Deemed Loan" is defined in Section 2.2(a) of the Purchase and Sale
Agreement.

     "Delinquent Loan" means (i) any Loan that is more than 60 days past due and
(ii) any Loan more than 30 days past due and for which the Servicer on behalf of
the Purchaser has at any time after the Cut-off Date extended the due date for a
Scheduled Payment thereon.

     "Defaulted Loan" means a Loan with respect to which (i) the Servicer on
behalf of the Purchaser has repossessed the Equipment securing such Loan and
which is not a Liquidated Loan or (ii) any portion of the Loan Value is deemed
uncollectible in accordance with the Credit and Collection Policy.


                                        2                             Annex A to
                                                Loan Purchase and Sale Agreement



     "Eligible Loan" means as to each Purchaser Asset as of the Closing Date:

          (i) Characteristics of Purchaser Assets. Each Purchaser Asset: (A) was
     either originated in the United States of America by GE Capital in
     connection with the financing or lease of Equipment in the ordinary course
     of GE Capital's business or acquired by GE Capital in the ordinary course
     of its business, and, in each case, was fully and properly executed by the
     parties thereto, (B) has created a valid, subsisting and enforceable first
     priority security interest (except to the extent the Equipment secures any
     loan that is cross-collateralized with such Purchaser Asset) in the
     Equipment in favor of GE Capital, that, as of the Closing Date, has been
     assigned by GE Capital to Seller, and by Seller to Purchaser and (C)
     contains customary and enforceable provisions such that the rights and
     remedies of the holder thereof are adequate for realization against the
     collateral of the benefits of the security.

          (ii) Schedule of Purchaser Assets. The information set forth on
     Schedule I of the Loan Sale Agreement is true and correct in all material
     respects as of the opening of business on the Cut-off Date and no selection
     procedures believed by Seller to be adverse to the interests of the
     Purchaser were utilized in selecting the Purchaser Assets. The computer
     tape regarding the Purchaser Assets made available to Purchaser and its
     assigns is true and correct in all respects.

          (iii) Compliance with Law. Each Purchaser Asset and the sale or lease
     of the related Equipment complied in all material respects at the time it
     was originated or made and at the execution of this Agreement with all
     requirements of applicable Federal, State and local laws and regulations
     thereunder.

          (iv) Binding Obligation. Each Puchaser Asset represents the genuine,
     legal, valid and binding payment obligation in writing of the Obligor,
     enforceable by the holder thereof in accordance with its terms.

          (v) No Government Obligor. None of the Purchaser Assets is due from
     the United States of America or any State or from any agency, department or
     instrumentality of the United States of America or any State.

          (vi) Security Interest in the Equipment. Immediately prior to the
     sale, assignment and transfer thereof, each Purchaser Asset shall be
     secured by a validly perfected first priority security interest in the
     Equipment (except to the extent the Equipment secures any loan that is
     cross-collateralized with such Purchaser Asset) in favor of GE Capital, as
     secured party or all necessary and appropriate actions have been commenced
     that would result in the valid perfection of a first priority security
     interest in the Equipment in favor of GE Capital, as secured party.

          (vii) Purchaser Assets in Force. No Purchaser Asset has been
     satisfied, subordinated or rescinded, nor has any Equipment been released
     from the Lien granted by the related Purchaser Asset in whole or in part.

          (viii) No Amendment or Waiver. No provision of a Purchaser Asset has
     been waived, altered or modified in any respect, except pursuant to a
     document, instrument or


                                       3                              Annex A to
                                                Loan Purchase and Sale Agreement



     writing included in the Loan Files and no such amendment, waiver,
     alteration or modification causes such Purchaser Asset not to be an
     Eligible Loan.

          (ix) No Defenses. No right of rescission, setoff, counterclaim or
     defense has been asserted or threatened or exists with respect to any
     Purchaser Asset.

          (x) Lawful Assignment. No Purchaser Asset has been originated in, or
     is subject to the laws of, any jurisdiction under which the sale, transfer
     and assignment of such Purchaser Asset or any Purchaser Asset under this
     Agreement would be unlawful.

          (xi) All Filings Made. All filings (including UCC filings) necessary
     in any jurisdiction to give Purchaser a first priority perfected ownership
     interest in the Purchaser Assets have been made (except to the extent the
     Equipment secures any loan that is cross-collateralized with such Purchaser
     Asset).

          (xii) One Original. There is only one original executed copy of each
     Purchaser Asset.

          (xiii) Insurance. The Obligor on each Purchaser Asset is required to
     maintain physical damage insurance covering the Equipment in accordance
     with the GE Capital's normal requirements.

          (xiv) No Bankruptcies. No Obligor on any Purchaser Asset as of the
     Cut-off Date was noted in the related Loan File as being the subject of a
     bankruptcy proceeding.

          (xv) No Repossessions. None of the Equipment securing any Purchaser
     Asset is in repossession status.

          (xvi) Instrument or Chattel Paper. Each Purchaser Asset constitutes an
     "instrument" or "chattel paper" as defined in the UCC of each State the law
     of which governs the perfection of the interest granted in it and/or the
     priority of such perfected interest.

          (xvii) U.S. Obligors. None of the Purchaser Assets is denominated and
     payable in any currency other than United States Dollars or is due from any
     Person that does not have a mailing address in the United States of
     America.

          (xviii) No Delinquent Loan. None of the Purchaser Assets is more than
     30 days past due.

          (xix) No Consumer Contract. None of the Purchaser Assets constitutes a
     Consumer Contract.

          (xx) Finance Lease. Each Purchaser Asset qualifies as a finance lease
     under the UCC and the terms of such Purchaser Asset provides that, by the
     end of the lease term, the lessee may elect to purchase the related
     Equipment upon the exercise of a nominal purchase option.


                                        4                             Annex A to
                                                Loan Purchase and Sale Agreement



     "Equipment" means any transportation equipment, industrial equipment,
construction equipment, furniture and fixtures, maritime assets, technology and
telecommunications equipment or other equipment, together with all accessions
thereto securing an Obligor's indebtedness under the respective Loan.

     "Event of Default" is defined in Section 5.1 of the Indenture.

     "Federal Reserve Board" means the Board of Governors of the Federal Reserve
System.

     "GAAP" means generally accepted accounting principles in the United States
of America as in effect on the Closing Date, modified by Accounting Changes as
GAAP is further defined in Section 2(a) of this Annex A.

     "GE Capital" means General Electric Capital Corporation, a Delaware
corporation or any successors or assigns thereto.

     "GECS" means General Electric Capital Services, Inc., a Delaware
corporation or any successors or assigns thereto.

     "Governmental Authority" means any nation or government, any state, county,
city, town, district, board, bureau, office, commission, any other municipality
or other political subdivision thereof (including any educational facility,
utility or other Person operated thereby), and any agency, department or other
entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government.

     "Indemnified Amounts" means, with respect to any Person, any and all suits,
actions, proceedings, claims, damages, losses, liabilities and expenses
(including reasonable attorneys' fees and disbursements and other costs of
investigation or defense, including those incurred upon any appeal).

     "Indenture" means the Indenture, dated December 14, 2006, between the
Purchaser and the Indenture Trustee, as the same may be amended and supplemented
from time to time.

     "Indenture Trustee" means The Bank of New York., not in its individual
capacity but solely as Indenture Trustee under the Indenture, or any successor
Indenture Trustee under the Indenture.

     "Investment Company Act" means the provisions of the Investment Company Act
of 1940, 15 U.S.C. Sections 80a et seq., and any regulations promulgated
thereunder.

     "Issuer" means GE Equipment Midticket LLC, Series 2006-1, a Delaware
limited liability company, until a successor replaces it and, thereafter, means
the successor and, for purposes of any provision contained in the Indenture and
required by the Trust Indenture Act of 1939, each other obligor on the Notes.

     "Issuer Limited Liability Company Agreement" means the Limited Liability
Company Agreement of the Purchaser, dated as of December 14, 2006, among the
Managing Member and the Issuer, as the same may be amended or supplemented from
time to time.


                                        5                             Annex A to
                                                Loan Purchase and Sale Agreement



     "Lien" means a security interest (as such term is defined in Section 1-201
of Article 1 of the UCC), lien, charge, pledge, equity or encumbrance of any
kind, other than tax liens, mechanics' liens and any liens that attach to the
related Loan by operation of law as a result of any act or omission by the
related Obligor.

     "Liquidated Loan" means any Loan (i) liquidated through the sale or other
disposition of all or a portion of the related Equipment or (ii) that has been
charged off in its entirety in accordance with the Credit and Collection Policy
without realizing upon the Equipment.

     "Liquidation Proceeds" means, with respect to any Liquidated Loan, the
amounts collected in respect thereof from whatever source (including the
proceeds of insurance policies with respect to the related Equipment or Obligor)
during the Collection Period in which it became a Liquidated Loan, net of the
sum of any amounts expended in connection with such liquidation and any amounts
required by law to be remitted to the Obligor on such Liquidated Loan or any
creditor of such Obligor to the extent required by applicable law or agreement.

     "Litigation" means, with respect to any Person, any action, claim, lawsuit,
demand, investigation or proceeding pending or threatened against such Person
before any court, board, commission, agency or instrumentality of any federal,
state, local or foreign government or of any agency or subdivision thereof or
before any arbitrator or panel of arbitrators.

     "Loan" means any Loan included in Schedule of Loans and any agreement
(including any invoice) pursuant to, or under which, an Obligor shall be
obligated to make payments with respect to any Loan.

     "Loan Sale Agreement" means the Loan Sale Agreement, dated as of December
14, 2006, between GE Capital and the Seller, as the same may be amended or
supplemented from time to time.

     "Loan Files" is defined in Section 2.1 of the Purchase and Sale Agreement.

     "Loan Value" means, for any Loan that is not a Liquidated Loan or Defaulted
Loan on any day (including the Cut-off Date) (A) with respect to Precomputed
Loans, (i) the present value of the future Scheduled Payments discounted monthly
at its APR plus (ii) the principal amount of any past due payments plus (iii)
the unamortized amounts of any purchase premiums minus (iv) the unamortized
amounts of any purchase discounts, and (B) with respect to Simple Interest
Loans, (i) the balance reflected on the Servicer's records plus (ii) the
unamortized amounts of any purchase premiums minus (iii) the unamortized amounts
of any purchase discounts. Liquidated Loans shall be deemed to have a Loan Value
of zero and Defaulted Loans on any day shall be deemed to have a Loan Value
equal to the outstanding Loan Value on such day computed in accordance with
clauses (A) or (B) above, as applicable, less the amount written off as
uncollectible in accordance with the Credit and Collection Policy.

     "Managing Member" means CEF Equipment Holding, L.L.C, a Delaware limited
liability company or any successor Managing Member under the Issuer Limited
Liability Company Agreement.


                                        6                             Annex A to
                                                Loan Purchase and Sale Agreement



     "Material Adverse Effect" means, with respect to any Person, a material
adverse effect on (a) the business, assets, liabilities, operations, prospects
or financial or other condition of such Person, (b) the ability of such Person
to perform any of its obligations under the Related Documents in accordance with
the terms thereof, (c) the validity or enforceability of any Related Document or
the rights and remedies of such Person under any Related Document or (d) the
Loans, as applicable, therefor, any interest related thereto or the ownership
interests or Liens of such Person thereon or the priority of such interests or
Liens.

     "Notes" means the notes issued under the Indenture.

     "Obligor" means, as to each Loan, any Person who owes payments under the
Loan.

     "Option Price" is defined in Section 2.4(a) of the Purchase and Sale
Agreement.

     "Other Assets" is defined in Section 2.2(a)(ii)(A) of the Purchase and Sale
Agreement.

     "Payment Date" means, with respect to each Collection Period, the 15th day
of the calendar month following the end of that Collection Period, or, if such
day is not a Business Day, the next Business Day, commencing on January 16th,
2007.

     "Permitted Encumbrances" means the following encumbrances: (a) Liens for
taxes or assessments or other governmental charges not yet due and payable; (b)
pledges or deposits securing obligations under workmen's compensation,
unemployment insurance, social security or public liability laws or similar
legislation; (c) pledges or deposits securing bids, tenders, contracts (other
than contracts for the payment of money) or leases to which the Seller or any
Affiliate thereof is a party as lessee made in the ordinary course of business;
(d) deposits securing statutory obligations of the Seller or any Affiliate
thereof; (e) inchoate and unperfected workers', mechanics', suppliers' or
similar Liens arising in the ordinary course of business; (f) carriers',
warehousemen's or other similar possessory Liens arising in the ordinary course
of business and securing liabilities in an outstanding aggregate amount not in
excess of $100,000 at any one time; (g) deposits securing, or in lieu of,
surety, appeal or customs bonds in proceedings to which the Seller or any
Affiliate thereof is a party; (h) any attachment or judgment Lien not
constituting an Event of Default; (i) presently existing or hereinafter created
Liens in favor of the Purchaser or the Indenture Trustee; and (j) presently
existing or hereinafter created Liens on personal property or Equipment which
are subordinate to or pari passu with the Liens in favor of the Purchaser or the
Indenture Trustee.

     "Person" means any individual, sole proprietorship, partnership, joint
venture, unincorporated organization, trust, association, corporation (including
a business trust), limited liability company, institution, public benefit
corporation, joint stock company, or government or any agency or political
subdivision thereof, or any other entity of whatever nature.

     "Pool Balance" means, with respect to the beginning of any calendar month,
the sum of the aggregate Loan Values of the Loans at the opening of business on
the first day of such calendar month.

     "Precomputed Loan" means any Loan under which the portion of a payment
allocable to earned interest (which may be referred to in the related Loan as an
add-on finance charge) and


                                        7                             Annex A to
                                                Loan Purchase and Sale Agreement



the portion allocable to principal are determined according to the sum of
periodic balances, the sum of monthly payments or any equivalent method or are
monthly actuarial loans.

     "Purchase Amount" means, as of the close of business on the last day of a
Collection Period, an amount equal to the Loan Value of the applicable Loan, as
of the first day of the immediately following Collection Period (or, with
respect to any applicable Loan that is a Liquidated Loan, as of the day
immediately prior to such Loan becoming a Liquidated Loan less any Liquidation
Proceeds actually received by the Purchaser) plus interest accrued and unpaid
thereon as of such last day at a rate per annum equal to the APR for such Loan.

     "Purchase and Sale Agreement" means the Loan Purchase and Sale Agreement,
dated as of December 14, 2006, between the Seller and the Purchaser, as the same
may be amended or supplemented from time to time.

     "Purchase Option" is defined in Section 2.4(a) of the Purchase and Sale
Agreement

     "Purchase Option Notice" is defined in Section 2.4(b) of the Purchase and
Sale Agreement

     "Purchaser" is defined in the preamble to the Purchase and Sale Agreement.

     "Purchaser Assets" is defined in Section 2.1(a) of the Purchase and Sale
Agreement.

     "Purchaser Indemnified Person" is defined in Section 5.1 of the Purchase
and Sale Agreement.

     "Purchaser Purchase Price" is defined in Section 2.3 of the Purchase and
Sale Agreement.

     "Records" means all notes, leases, security agreements and other documents,
books, records and other information (including computer programs, tapes, disks,
data processing software and related property and rights) prepared and
maintained by any of the Seller, the Servicer, any Sub-Servicer or the Purchaser
with respect to the Loans and the Obligors thereunder, and the other Purchaser
Assets.

     "Recoveries" means, with respect to any Liquidated Loan, monies collected
in respect thereof, from whatever source (other than from the sale or other
disposition of the Equipment), in any Collection Period after such Loan became a
Liquidated Loan.

     "Redemption Date" is defined in the Indenture.

     "Related Documents" means the Loan Sale Agreement, the Purchase and Sale
Agreement, the Servicing Agreement, the Issuer Limited Liability Company
Agreement, the CEF Limited Liability Company Agreement, the Administration
Agreement, the Indenture, the Swap Agreement and all other agreements,
instruments, and documents and including all other pledges, powers of attorney,
consents, assignments, contracts, notices, and all other written matter whether
heretofore, now or hereafter executed by or on behalf of any Person, or any
employee of any Person, and delivered in connection with any of the foregoing.
Any reference in the foregoing documents to a Related Document shall include all
Appendices thereto, and all


                                        8                             Annex A to
                                                Loan Purchase and Sale Agreement



amendments, restatements, supplements or other modifications thereto, and shall
refer to such Related Document as the same may be in effect at any and all times
such reference becomes operative.

     "Related Security" means with respect to any Loan: (a) any interest
(including security interests), if any, in the related Equipment; (b) all
guarantees, insurance or other agreements or arrangements of any kind from time
to time supporting or securing payment of such Loan (including rights (if any)
to receive proceeds on insurance policies covering the Obligors); and (c) all
Records relating to such Loan.

     "Schedule of Loans" is the schedule of Loans attached as Schedule I (which
schedule may be in the form of microfiche).

     "Scheduled Payment" on a Loan means that portion of the payment required to
be made by the Obligor during any Collection Period sufficient to amortize the
principal balance under (x) in the case of a Precomputed Loan, the actuarial
method or (y) in the case of a Simple Interest Loan, the simple interest method,
in each case, over the term of the Loan and to provide interest at the APR,
provided that Termination Values shall also constitute Scheduled Payments.

     "Securities Act" means the provisions of the Securities Act of 1933, 15
U.S.C. Sections 77a et seq., and any regulations promulgated thereunder.

     "Securities Exchange Act" means the provisions of the Securities Exchange
Act of 1934, 15 U.S.C. Sections 78a et seq., and any regulations promulgated
thereunder.

     "Seller" is defined in the preamble to the Purchase and Sale Agreement.

     "Servicer" means GE Capital in its capacity as Servicer under the Servicing
Agreement, or any other Person designated as a Successor Servicer thereunder.

     "Servicing Agreement" means the Servicing Agreement dated as of December
14, 2006, by and between the Purchaser and the Servicer, as the same may be
amended or supplemented from time to time.

     "Servicing Fee" is defined in the Servicing Agreement.

     "Simple Interest Loan" means any Loan under which the portion of a payment
allocable to interest and the portion allocable to principal is determined by
allocating a fixed level payment between principal and interest, such that such
payment is allocated first to the accrued and unpaid interest at the Annual
Percentage Rate for such Loan on the unpaid principal balance and the remainder
of such payment is allocable to principal.

     "Solvent" means, with respect to any Person on a particular date, that on
such date (a) the fair value of the property of such Person is greater than the
total amount of liabilities, including contingent liabilities, of such Person;
(b) the present fair salable value of the assets of such Person is not less than
the amount that will be required to pay the probable liability of such Person on
its debts as they become absolute and matured; (c) such Person does not intend
to, and does not believe that it will, incur debts or liabilities beyond such
Person's ability to pay as such


                                        9                             Annex A to
                                                Loan Purchase and Sale Agreement



debts and liabilities mature; and (d) such Person is not engaged in a business
or transaction, and is not about to engage in a business or transaction, for
which such Person's property would constitute an unreasonably small capital. The
amount of contingent liabilities (such as Litigation, guaranties and pension
plan liabilities) at any time shall be computed as the amount that, in light of
all the facts and circumstances existing at the time, represents the amount that
can reasonably be expected to become an actual or matured liability.

     "Stock" means all shares, options, warrants, membership interests in a
limited liability company, general or limited partnership interests or other
equivalents (regardless of how designated) of or in a corporation, partnership
or equivalent entity whether voting or nonvoting, including common stock,
preferred stock or any other "equity security" (as such term is defined in Rule
3a11-1 of the General Rules and Regulations promulgated by the Securities and
Exchange Commission under the Securities Exchange Act).

     "Stockholder" means, with respect to any Person, each holder of Stock of
such Person.

     "Sub-Servicer" means any Person with whom the Servicer enters into a
Sub-Servicing Agreement.

     "Sub-Servicing Agreement" means any written contract entered into between a
Servicer and any Sub-Servicer pursuant to and in accordance with the Servicing
Agreement.

     "Subsidiary" means, with respect to any Person, any corporation or other
entity (a) of which securities or other ownership interests having ordinary
voting power to elect a majority of the board of directors or other Persons
performing similar functions are at the time directly or indirectly owned by
such Person or (b) that is directly or indirectly controlled by such Person
within the meaning of control under Section 15 of the Securities Act.

     "Successor Servicer" is defined in Section 6.2 of the Servicing Agreement.

     "Swap Agreement" is defined in the Indenture.

     "Termination Value" means the "Termination Value" (if any) payable by
lessee pursuant to the applicable Loan.

     "Transfer Date" is defined in the Indenture.

     "Trust Account" is defined in the Indenture.

     "UCC" means, with respect to any jurisdiction, the Uniform Commercial Code
as the same may, from time to time, be enacted and in effect in such
jurisdiction.

     SECTION 2. Other Interpretive Matters. All terms defined directly or by
incorporation in the Purchase and Sale Agreement shall have the defined meanings
when used in any certificate or other document delivered pursuant thereto unless
otherwise defined therein. For purposes of the Purchase and Sale Agreement
(including in this Annex A) and all related certificates and other documents,
unless the context otherwise requires: (a) accounting terms not otherwise
defined in such Agreement, and accounting terms partly defined in such Agreement
to


                                       10                             Annex A to
                                                Loan Purchase and Sale Agreement



the extent not defined, shall have the respective meanings given to them under
generally accepted accounting principles; and unless otherwise provided,
references to any month, quarter or year refer to a fiscal month, quarter or
year as determined in accordance with the Seller fiscal calendar; (b) terms
defined in Article 9 of the UCC and not otherwise defined in such Agreement are
used as defined in that Article; (c) references to any amount as on deposit or
outstanding on any particular date means such amount at the close of business on
such day; (d) the words "hereof," "herein" and "hereunder" and words of similar
import refer to such Agreement (or the certificate or other document in which
they are used) as a whole and not to any particular provision of such Agreement
(or such certificate or document); (e) references to any Section, Schedule or
Exhibit are references to Sections, Schedules and Exhibits in or to such
Agreement (or the certificate or other document in which the reference is made),
and references to any paragraph, subsection, clause or other subdivision within
any Section or definition refer to such paragraph, subsection, clause or other
subdivision of such Section or definition; (f) the term "including" means
"including without limitation"; (g) references to any law or regulation refer to
that law or regulation as amended from time to time and include any successor
law or regulation; (h) references to any agreement refer to that agreement as
from time to time amended, restated or supplemented or as the terms of such
agreement are waived or modified in accordance with its terms; (i) references to
any Person include that Person's successors and assigns; and (j) headings are
for purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof.


                                       11                             Annex A to
                                                Loan Purchase and Sale Agreement