Exhibit 4.4.7




---



##### 



PagePRELIMINARY STATEMENT
    
    
    1DESIGNATION
    
    
    1ARTICLE I DEFINITIONS
    
    
    2ARTICLE II ARTICLE 5 OF THE BASE INDENTURE
    
    
    22Section 5A.1 Establishment of Series 2009-4 Subaccounts
    
    
    22Section 5A.2 Allocations with Respect to the Series 2009-4 Investor Notes.
    
    
    23Section 5A.3 Determination of Interest
    
    
    25Section 5A.4 Monthly Application of Collections
    
    
    25Section 5A.5 Payment of Monthly Interest Payment
    
    
    28Section 5A.6 Payment of Principal
    
    
    28Section 5A.7 The Administrators Failure to Instruct the Indenture Trustee to
Make a Deposit or Payment
    
    
    29Section 5A.8 Series 2009-4 Reserve Account
    
    
    30Section 5A.9 Series 2009-4 Yield Supplement Account
    
    
    31Section 5A.10 Series 2009-4 Distribution Account
    
    
    33Section 5A.11 Lease Rate Caps
    
    
    34Section 5A.12 Indenture Trustee As Securities Intermediary
    
    
    35ARTICLE III AMORTIZATION EVENTS
    
    
    37ARTICLE IV OPTIONAL PREPAYMENT
    
    
    39ARTICLE V SERVICING AND ADMINISTRATOR FEES
    
    
    39Section 5.1 Servicing Fees
    
    
    39Section 5.2 Administrator Fee
    
    
    39ARTICLE VI FORM OF SERIES 2009-4 NOTES
    
    
    40Section 6.1 Initial Issuance of Series 2009-4 Investor Notes
    
    
    40Section 6.2 Transfer and Exchange of Series 2009-4 Investor Notes
    
    
    40ARTICLE VII INFORMATION
    
    
    43ARTICLE VIII MISCELLANEOUS
    
    
    43Section 8.1 Ratification of Indenture
    
    
    43Section 8.2 Governing Law
    
    
    43Section 8.3 Further Assurances
    
    
    43Section 8.4 Exhibits
    
    
    44Section 8.5 No Waiver; Cumulative Remedies
    
    
    44Section 8.6 Amendments
    
    
    44Section 8.7 Severability
    
    
    44Section 8.8 Counterparts
    
    
    44




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##### 



PageSection 8.9 No Bankruptcy Petition
    
    
    45Section 8.10 SUBIs
    
    
    45Section 8.11 Notice to Rating Agencies
    
    
    46Section 8.12 Conflict of Instructions
    
    
    46
  Exhibit A:
    
    Form of Class A Investor NoteExhibit B:
    
    Form of Class B Investor NoteExhibit C:
    
    Form of Class C Investor NoteExhibit D:
    
    Form of Transfer CertificateExhibit E:
    
    Form of Monthly Settlement StatementExhibit F:
    
    Form of Lease Rate Cap
 -ii-




---



##### 



Indenture Supplement Issuer Indenture Trustee Base Indenture
 PRELIMINARY STATEMENT
   DESIGNATION
   Section 5A.2(b)




---



##### 



2   Schedule 1
  Additional Closed-End Reserve Account Amount
 Additional Interest Section 5A.3(b)
 Amortization Event Article 3
 Calculation Agent
 Car
 Charge-Off Ratio divided by
 Class A Final Maturity Date
 Class A Initial Invested Amount
 Class A Interest Shortfall Amount Section 5A.3(b)
 Class A Invested Amount




---



##### 



3 Class A Investor Note Owner
 Class A Investor Noteholder
 Class A Investor Notes Exhibit A
 Class A Monthly Interest
 Class A Monthly Interest Payment Section 5A.3(b)
 Class A Note Rate plus
 Class B Final Maturity Date
 Class B Initial Invested Amount
 Class B Interest Shortfall Amount Section 5A.3(b)
 Class B Invested Amount minus
 Class B Investor Note Owner
 Class B Investor Noteholder
 Class B Investor Notes Exhibit B




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##### 



4  Class B Monthly Interest
 Class B Monthly Interest Payment Section 5A.3(b)
 Class B Note Rate plus
 Class C Final Maturity Date
 Class C Initial Invested Amount
 Class C Interest Shortfall Amount Section 5A.3(b)
 Class C Invested Amount minus
 Class C Investor Note Owner
 Class C Investor Noteholder
 Class C Investor Notes Exhibit C
 Class C Monthly Interest




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##### 



5 Class C Monthly Interest Payment
 Class C Note Rate plus
 Deficiency Section 5A.4(b)(i)
 Delinquency Ratio divided by
 Equipment
 Excess Alternative Vehicle Amount
 plus
   Excess Equipment Amount
 plus




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##### 



6   Excess Forklift Amount
 plus
   Excess Heavy-Duty Truck Amount
 plus
   Excess High Lease Balance Amount
 Excess Longer-Term Lease Amount




---



##### 



7  Excess Medium-Duty Truck Amount
 plus
   Excess State Obligor Risk Amount
 Excess Trailer Amount
 plus
   Excess Truck Amount




---



##### 



8  plus
   Excess Truck Body Amount
 plus
   Final Maturity Date
 Finance Charge Rate
 Financial Assets Section 5A.12(b)(i)
 Forklift
 Gross Vehicle Weight




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##### 



9 Heavy-Duty Truck
 Indenture Supplement
 Interest Shortfall Amount
 Lease Rate Cap Event Section 5A.11
 LIBOR Determination Date
 Light-Duty Truck
 London Business Day
 Management Fee Yield
 Medium-Duty Truck
 Monthly Interest Payment Section 5A.3(b)
 New York UCC Section 5A.12(b)(i)
 Purchase Agreement
 One-Month LIBOR provided , however




---



##### 



10 provided , further provided , finally
 Outstanding except Section 11.1
 Overconcentration Amount provided however provided however




---



##### 



11  Paid-In Advance Loss Ratio divided by
 Payment Date
 Prepayment Date Article IV
 QIBs Section 6.1
 Rating Agencies
 Rating Agency Condition
 Record Date
 Reference Banks
 Remaining Lease Term




---



##### 



12  Residual Value Loss Ratio divided by
 Rule 144
 Rule 144A
 Securities Intermediary Section 5A.12(a)
 Series 2009-4
 Series 2009-4 Administrator Fee Section 5.2
 Series 2009-4 Allocated Adjusted Aggregate Unit Balance
 Series 2009-4 Allocated Asset Amount Deficiency
 Series 2009-4 Amortization Period
 Series 2009-4 Available Excess Collections Amount Section 5A.2(a)




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##### 



13 Section 5A.4(c)
 Series 2009-4 Basic Servicing Fee Section 5.1
 Series 2009-4 Basis Spread
 Series 2009-4 Closing Date
 Series 2009-4 Collateral
 Series 2009-4 Collection Subaccount Section 5A.1(a)
 Series 2009-4 Designated Account Section 5A.12(a)
 Series 2009-4 Distribution Account Section 5A.10(a)
 Series 2009-4 Eligible Counterparty Section
5A.11
 Series 2009-4 Gain on Sale Account Percentage
 Series 2009-4 Initial Invested Amount
 Series 2009-4 Interest Period provided however




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##### 



14 Series 2009-4 Invested Amount
 Series 2009-4 Invested Percentage
 Series 2009-4 Investor Note Owners
 Series 2009-4 Investor Noteholders
 Series 2009-4 Investor Notes
 Series 2009-4 Liquid Credit Enhancement Deficiency
 Series 2009-4 Minimum Yield Rate
 Series 2009-4 Monthly Interest
 Series 2009-4 Monthly Residual Value Gain




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##### 



15 Series 2009-4 Monthly Servicer Advance Reimbursement Amount
 Series 2009-4 Note Rate
 Series 2009-4 Note Termination Date
 Series 2009-4 Principal Collection Subaccount Section
5A.1(a)
 Series 2009-4 Principal Payment Amount
        provided however




---



##### 



16 Series 2009-4 Required Asset Amount
 Series 2009-4 Required Enhancement Amount plus
 plus




---



##### 



17   plus
      provided however
 Series 2009-4 Required Investor Noteholders




---



##### 



18  Series 2009-4 Required Overcollateralization Amount Section 5A.2(d)
 Series 2009-4 Required Percentage
    Series 2009-4 Required Reserve Account Amount




---



##### 



19 Series 2009-4 Required Yield Supplement Amount provided however
 Series 2009-4 Reserve Account Section 5A.8(a)
 Series 2009-4 Reserve Account Amount
 Series 2009-4 Reserve Account Surplus
 Series 2009-4 Revolving Period
 Series 2009-4 Servicing Fee Percentage Section 5.1
 Series 2009-4 Settlement Collection Subaccount Section
5A.1(a)
 Series 2009-4 Subaccounts Section 5A.1(a)
 Series 2009-4 Supplemental Servicing Fee Section 5.1
 Series 2009-4 Target Overcollateralization Amount
 Series 2009-4 Weighted Average Cost of Funds divided by
 Series 2009-4 Yield Shortfall




---



##### 



20 divided by
 Series 2009-4 Yield Shortfall Amount
 Series 2009-4 Yield Shortfall Lease
 Series 2009-4 Yield Shortfall Lease Average Balance divided by
 Series 2009-4 Yield Shortfall Lease Break Even Amount
 Series 2009-4 Yield Shortfall Lease Remaining Term




---



##### 



21 divided by
 Series 2009-4 Yield Supplement Account Section 5A.9(a)
 Series 2009-4 Yield Supplement Account Amount
 Series 2009-4 Yield Supplement Account Surplus
 Series 2009-4 Yield Supplement Deficiency
 Three Month Average Charge-Off Ratio
 Three Month Average Delinquency Ratio
 Three Month Average Paid-In Advance Loss Ratio
 Total Cash Available Section 5A.2(a) Section 5A.1(b)




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##### 



22 Section 5A.2(f)
 Tractor
 Trailer
 Transfer Date
 Trigger Event
    Truck
 Truck Body
   Sections 5.1 5.4 Article 5 Sections 5.1 5.4
 Section 5A.1 Establishment of Series 2009-4 Subaccounts
 Series 2009-4 Collection Subaccount Series 2009-4 General Collection Subaccount, Series 2009-4 Principal Collection Subaccount Series 2009-4




---



##### 



23 Settlement Collection Subaccount Section 5A.1(a) Series 2009-4 Subaccounts
 provided however
 Section 5A.2 Allocations with Respect to the Series 2009-4 Investor Notes
  Section 5A.2(e)




---



##### 



24 Section 5.2(e)
    Sections 5A.11
    Section 5A.4(c)




---



##### 



25 Section 5A.3 Determination of Interest
  Class A Interest Shortfall Amount Class A Monthly Interest
Payment Class
B Interest Shortfall Amount Class B Monthly Interest
Payment Class C Interest Shortfall Amount Class C Monthly Interest
Payment Additional
Interest
 Section 5A.4 Monthly Application of Collections




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##### 



26 Section 5A.1(b)
 Section 5A.4(c) Deficiency
 Section 5A.4(c)(viii) Section 5A.6 Section
5A.4(c)(viii) Section
5A.6 Section 5A.4(c)(viii) Section 5A.6




---



##### 



27 Section 5A.4(b)(i) Section 5A.4(b)(i)
    plus Section 9.1




---



##### 



28      Section 5A.5 Payment of Monthly Interest Payment
 Section 5A.4(c)(iv)
    Section 5A.6 Payment of Principal




---



##### 



29  Section 5A.4(c)(viii) Section 5A.4(b)(ii)
     Section 5A.7 The Administrators Failure to Instruct the Indenture Trustee to Make
a Deposit or Payment
 provided




---



##### 



30 Section 5A.7
 Section 5A.8 Series 2009-4 Reserve Account
 Series 2009-4
Reserve Account provided
 provided however
   Section 5A.4(b)




---



##### 



31 provided
   Section 5A.9 Series 2009-4 Yield Supplement Account
 Series 2009-4 Yield
Supplement Account provided




---



##### 



32  provided however
   Section 5A.4(b)




---



##### 



33  Section 5A.10 Series 2009-4 Distribution Account
 Series 2009-4
Distribution Account provided
 provided however




---



##### 



34 Section 5A.11 Lease Rate Caps
 Exhibit F minus
 Exhibit F Section
5A.11(c) minus
 Exhibit F




---



##### 



35 minus
 Exhibit F minus
 Section 5A.11 Section 5A.11 Section
5A.11
 Section 5A.12 Indenture Trustee As Securities Intermediary
 Series 2009-4 Designated Account Securities Intermediary Section 5A.12
  Financial Assets New York UCC




---



##### 



36      Section 5A.12(b)(v)




---



##### 



37




---



##### 



38        .




---



##### 



39  
 Prepayment Date Section 5A.4(c)(iv) Section
5A.4(c)(viii)
   Section 5.1 Servicing Fees Series 2009-4
Basic Servicing Fee Series Servicing
Fee Percentage divided by provided , however Series 2009-4 Supplemental Servicing
Fee Section 5A.4(c)
 Section 5.2 Administrator Fee Series 2009-4 Administrator Fee divided by




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##### 



40 Section 5A.4(c)(vi
   Section 6.1 Initial Issuance of Series 2009-4 Investor Notes
 Exhibits A B C Section 6.2 QIBs
 Section 6.2 Transfer and Exchange of Series 2009-4 Investor Notes
 Section 6.2 Exhibit D
 Section 6.2 Section 2.4(a)




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##### 



41  Benefit Plan Investor Section 6.2(c) ab initio
  SECURITIES ACT RESALE RESTRICTION TERMINATION DATE ISSUER




---



##### 



42 RULE 144A QIB
 ERISA BENEFIT
PLAN INVESTOR CODE




---



##### 



43 AB INITIO
   Exhibit E
   Section 8.1 Ratification of Indenture
 Section 8.2 Governing Law
 Section 8.3 Further Assurances




---



##### 



44  Section 8.4 Exhibits
 Exhibit A
 Exhibit B
 Exhibit C
 Exhibit D
 Exhibit E
 Exhibit F
 Section 8.5 No Waiver; Cumulative Remedies
 Section 8.6 Amendments Section 8.6(c) Section 12.6
  Section 8.7 Severability
 Section 8.8 Counterparts




---



##### 



45  Section 8.9 No Bankruptcy Petition
    Section 8.10 SUBIs




---



##### 



46  Section 8.11 Notice to Rating Agencies
 Section 8.12 Conflict of Instructions




---



##### 



CHESAPEAKE FUNDING LLCBy:
    /s/ Mark E. JohnsonName:
    Mark E. JohnsonTitle:
    SVP and Treasurer




---



##### 



2 THE BANK OF NEW YORK MELLON, as 
     Indenture TrusteeBy:
    /s/ Helen LamName:
    Helen LamTitle:
    Senior Associate




---



##### 



No. ___
    
    $
  
 SECURITIES ACT RESALE
RESTRICTION TERMINATION DATE ISSUER RULE 144A QIB
  A-1




---



##### 



ERISA BENEFIT PLAN INVESTOR CODE AB INITIO
  A-2




---



##### 



Issuer    provided however Series 2009-4 Interest Period provided however
 VMS
   A-3




---



##### 



CHESAPEAKE FUNDING LLCBy:Name:Title:   THE BANK OF NEW YORK MELLON, as
Indenture TrusteeBy:Authorized Signatory A-4




---



##### 



Class A Investor Notes Base Indenture Indenture Trustee Series 2009-4 Indenture Supplement Indenture
  Payment Date
   plus Class
A Note Rate One-Month LIBOR provided , however
 A-5




---



##### 



One-Month LIBOR provided further One-Month LIBOR provided finally One-Month LIBOR
     A-6




---



##### 



A-7




---



##### 



Issuer
    provided Section 6.2
 A-8




---



##### 



Dated:
    
    By:1
 Signature Guaranteed: 
 1/
    
    NOTE: The signature to this assignment must
correspond with the name of the registered owner as it appears on the face
of the within Class A Investor Note, without alteration, enlargement or any change whatsoever. A-9




---



##### 



No. ___
    
    $
  
 SECURITIES ACT RESALE
RESTRICTION TERMINATION DATE ISSUER RULE 144A QIB
 B-1




---



##### 



ERISA BENEFIT PLAN INVESTOR CODE AB INITIO
  B-2




---



##### 



Issuer    Series 2009-4 Interest Period provided however
 VMS
   B-3




---



##### 



CHESAPEAKE FUNDING LLCBy:Name:Title:   THE BANK OF NEW YORK MELLON, as
Indenture TrusteeBy:Authorized Signatory B-4




---



##### 



Class B Investor Notes Base Indenture Indenture Trustee Series 2009-4 Indenture Supplement Indenture
  Payment Date
   plus Class
B Note Rate One-Month LIBOR provided , however
 B-5




---



##### 



One-Month LIBOR provided , further One-Month LIBOR provided finally One-Month LIBOR
     B-6




---



##### 



B-7




---



##### 



Issuer
    provided Section 6.2
 B-8




---



##### 



Dated:
    
    By:2
 Signature Guaranteed: 
 2/
    
    NOTE: The signature to this assignment must
correspond with the name of the registered owner as it appears on the face
of the within Class B Investor Note, without alteration, enlargement or any change whatsoever. B-9




---



##### 



No. ___
    
    $
  
 SECURITIES ACT RESALE
RESTRICTION TERMINATION DATE ISSUER RULE 144A QIB
  C-1




---



##### 



ERISA BENEFIT PLAN INVESTOR CODE AB INITIO
  C-2




---



##### 



Issuer    provided however Series 2009-4 Interest Period provided however
 VMS
   C-3




---



##### 



CHESAPEAKE FUNDING LLCBy:Name:Title:   THE BANK OF NEW YORK MELLON, as
Indenture TrusteeBy:Authorized Signatory C-4




---



##### 



Class C Investor Notes Base Indenture Indenture Trustee Series 2009-4 Indenture Supplement Indenture
  Payment Date
   plus Class
C Note Rate One-Month LIBOR provided , however
 C-5




---



##### 



One-Month LIBOR provided , further One-Month LIBOR provided finally One-Month LIBOR
     C-6




---



##### 



C-7




---



##### 



Issuer
    provided Section 6.2
 C-8




---



##### 



Dated:__________________
    By:
    
    3 Signature Guaranteed: 
 3/
    
    NOTE: The signature to this assignment must
correspond with the name of the registered owner as it appears on the face
of the within Class C Investor Note, without alteration, enlargement or any change whatsoever. C-9




---



##### 



Section 6.2
 
 Re:
    
    Chesapeake Funding LLC
Series 2009-4 Floating Rate Asset Backed Investor Notes
 Indenture Supplement Issuer Indenture Trustee Base
Indenture Indenture
 Notes Transferor
   Securities Act Securities Act




---



##### 



[Insert name of Transferor]By:Name:Title: 
 cc:
    
    Chesapeake Funding LLC940
Ridgebrook RoadSparks,
Maryland 21152Attention:
General Counsel




---



##### 








---



##### 



F-1




---



##### 



EXHIBIT F
       [__________]
 Party A
  
 Party B




---



##### 



Definitions
 Definitions
   Part 1. Termination Provisions
  Specified Entity
 Section 5(a)(v),
    
    Not ApplicableSection 5(a)(vi),
    
    Not ApplicableSection 5(a)(vii),
    
    Not ApplicableSection 5(b)(iv),
    
    Not Applicablein relation to Party B for the purpose of:Section 5(a)(v),
    
    Not ApplicableSection 5(a)(vi),
    
    Not ApplicableSection 5(a)(vii),
    
    Not ApplicableSection 5(b)(iv),
    
    Not Applicable
 Specified Transaction
 Application of Events of Default
 Section 5(a)
    
    Party A
    
    Party B(i)
    
    Failure to Pay or Deliver
    
    Applicable (except as
provided below in
Part 1(d)(ii)).
    
    Applicable.(ii)
    
    Breach of Agreement
    
    Applicable.
    
    Not Applicable.




---



##### 



Section 5(a)
    
    Party A
    
    Party B(iii)
    
    Credit Support Default
    
    Applicable (except as
provided below in
Part 1(d)(ii)).
    
    Applicable (but
only to the extent
described below in
Part 1(d)(i)).(iv)
    
    Misrepresentation
    
    Applicable.
    
    Not Applicable.(v)
    
    Default Under Specified
Transaction
    
    [Not] Applicable.
    
    Not Applicable.(vi)
    
    Cross-Default
    
    Applicable.
    
    Not Applicable.(vii)
    
    Bankruptcy
    
    Applicable.
    
    Applicable (but
only to the extent
described below in
Part 1(f)).(viii)
    
    Merger Without Assumption
    
    Applicable.
    
    Applicable.
 Credit Support Annex
   Specified Indebtedness provided
 Threshold Amount provided Threshold Amount
 2




---



##### 



Shareholders Equity Call Report
  Application of Termination Events
 Section 5(b)
    
    Party A
    
    Party B(i)
    
    Illegality
    
    Applicable.
    
    Applicable.(ii)
    
    Tax Event
    
    Applicable.
    
    Applicable.(iii)
    
    Tax Event Upon Merger
    
    Applicable.
    
    Applicable.(iv)
    
    Credit Event Upon Merger
    
    Not Applicable.
    
    Not Applicable.
 provided
  provided
 Automatic Early Termination
 3




---



##### 



Payments on Early Termination
 provided however
  Market Quotation Replacement Transaction
  Settlement Amount provided
  4




---



##### 



Second Method and Market Quotation provided
 Termination Currency
 5




---



##### 



Additional Termination Event
    provided
    6




---



##### 



Part 2. Tax Representations.
 Payer Tax Representations
 provided
 Payee Tax Representations.
   Part 3. Agreement to Deliver Documents.
    7




---



##### 



Covered byParty required to
    
    
    
    Date by which to be
    
    Section 3(d)deliver document
    
    Form/Document/Certificate
    
    delivered
    
    RepresentationParty A/Party B
    
    Credit Support Document, if
any, specified in Part 4 hereof,
such Credit Support Document
being duly executed if
required.
    
    Upon execution and
delivery of this
Agreement
    
    YesParty A
    
    Incumbency certificate or other
documents evidencing the
authority of the persons
executing this Agreement and
the related Confirmation[s] on
Party As behalf
    
    On the Closing Date
    
    YesParty B
    
    Monthly Servicing Report
setting forth the information
specified in Section 8.2 of the
Indenture
    
    To be made
available to Party B
on each
Determination Date
    
    YesParty B
    
    Each of (i) a copy of the
Indenture and the other
Transaction Documents,
executed and delivered by the
parties thereto and (ii)
incumbency certificate or other
documents evidencing the
authority of the persons
executing this Agreement and
the related Confirmation[s] on
Party Bs behalf
    
    On the Closing Date
    
    YesParty A/Party B
    
    Certified copies of all
corporate, partnership or
membership authorizations, as
the case may be, and any other
documents with respect to the
execution, delivery and
performance of this Agreement
and any Credit Support
Document
    
    Upon execution and
delivery of this
Agreement
    
    Yes
 8




---



##### 



Covered byParty required to
    
    
    
    Date by which to be
    
    Section 3(d)deliver document
    
    Form/Document/Certificate
    
    delivered
    
    RepresentationParty A
    
    [FFIEC Consolidated Report
of Condition for Insured
Commercial and State-Chartered Savings Banks
(Call Report) of
[]].
    
    To be made
available on
[] after
the end of each fiscal
quarter of
[].
    
    Yes
 Part 4. Miscellaneous.
 Addresses for Notices
 
  
  Address:
    
    Chesapeake Funding LLC940 Ridgebrook RoadSparks, MD 21152Attention:
    
    Chris PointerFacsimile No.:
    
    (410) 773-8893Telephone No.:
    
    (410) 771-2393With a copy to Standard & Poors:Address:
    
    Standard & Poors, A Division of The McGraw-Hill Companies,
Inc.
55 Water Street, 41st FloorNew York, New York 10041Facsimile No.:
    
    (212) 438-2655Attention:
    
    Structured Finance Ratings, Asset-Backed Surveillance Group-John Detweiler
 Process Agent
 9




---



##### 



Offices
 Multibranch Party
   Calculation Agent
 Credit Support Document
    Credit Support Provider
   Governing Law
 Netting of Payments .
 Affiliate
 Part 5. Other Provisions.
 Representations
 10




---



##### 



Financial Statements
  Additional Representations
 Eligible Contract Participant
 Line of Business
 No Agency
  No Reliance
  11




---



##### 



ERISA ERISA Code Plan
  Pari Passu
 Method of Notice
 Set-off
   Consent to Recording
 Waiver of Jury Trial. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY
JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY CREDIT
SUPPORT DOCUMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.
 Additional Acknowledgments and Agreements of the Parties
 No Amendment without Prior Confirmation by Rating Agencies
 12




---



##### 



Notices to Noteholders
  Transfers
  Transferee provided
 provided
  13




---



##### 



Downgrades of Party A
 S&P Substitution Events. provided
 Moodys Second Trigger Events.
 USA PATRIOT Act Notice Act
 Non-Petition.
 14




---



##### 



provided
 Limited Recourse
 Jurisdiction
 Delivery of Confirmations
 Certain Definitions
 Eligible Guarantee
 15




---



##### 



Eligible Replacement
 Firm Offer
 Hedge Counterparty Ratings Requirement
  Moodys First Trigger Event
 Moodys First Trigger Required Ratings
 Moodys Required Hedge Ratings
 16




---



##### 



Moodys Second Trigger Event
 Moodys Second Trigger Required Ratings
 Moodys Short-Term Rating
 Rating Agency Confirmation
 Relevant Entities
 S&P Substitution Event
 Transaction Documents
 Safe Harbors
 Code FDICIA FDIA
  17




---



##### 



Tax .
 Rating Agency Notifications
 Severability provided however
 Acknowledgement of Assignment
  18




---



##### 



IN WITNESS WHEREOF,
 []
    
    CHESAPEAKE FUNDING LLCName:
    
    Name:Title:
    
    Title: