Document:

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                                                                    EXHIBIT 10.8

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                      NISSAN MOTOR ACCEPTANCE CORPORATION,
                           as Grantor and Beneficiary,

                      U.S. BANK TRUST NATIONAL ASSOCIATION,
                                   as Trustee,

                      NISSAN MOTOR ACCEPTANCE CORPORATION,
                                as Administrator,

                                       and

                            WILMINGTON TRUST COMPANY,
                               as Delaware Trustee

                      ------------------------------------

                                   NILT TRUST

                              AMENDED AND RESTATED
                                 TRUST AGREEMENT

                            Dated as of March 1, 1999

                      -------------------------------------

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                                TABLE OF CONTENTS

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                                   ARTICLE ONE

                     DEFINITIONS AND INTERPRETIVE PROVISIONS

Section 1.01. Definitions; Interpretive Provisions..........................................................     1

                                   ARTICLE TWO

                                    THE TRUST

Section 2.01. General.......................................................................................     2
Section 2.02. Office........................................................................................     2
Section 2.03. Purposes......................................................................................     2
Section 2.04. Appointment of Trustee........................................................................     3
Section 2.05. Capital Contribution to Trust Assets..........................................................     3
Section 2.06. Declaration of Trust..........................................................................     3
Section 2.07. Maintenance of Separate Existence; Prohibited Transactions....................................     3
Section 2.08. Liability of Beneficiary......................................................................     4
Section 2.09. Title to Trust Property.......................................................................     4
Section 2.10. Situs of Trust................................................................................     4
Section 2.11. Representations and Warranties of the Beneficiary.............................................     5
Section 2.12. Beneficiary Payment Obligation................................................................     6
Section 2.13. Beneficial Ownership..........................................................................     6
Section 2.14. Restrictions on the Beneficiary's Power.......................................................     6

                                  ARTICLE THREE

                            PAYMENTS; TRUST ACCOUNTS

Section 3.01. Payments from Trust Assets Only...............................................................     7
Section 3.02. Establishment of Trust Account................................................................     7
Section 3.03. Distribution of Excess Trust Funds............................................................     7
Section 3.04. No Segregation of Monies; No Interest.........................................................     8
Section 3.05. Accounting and Reports to the Beneficiary, IRS and Others.....................................     8

                                  ARTICLE FOUR

              AUTHORITY AND DUTIES OF, AND ACTIONS BY, THE TRUSTEE

Section 4.01. General Authority.............................................................................     9
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Section 4.02. General Duties................................................................................     9
Section 4.03. Action Upon Instruction.......................................................................     9
Section 4.04. Action by Trustee with Respect to Bankruptcy..................................................    10
Section 4.05. No Duties Except as Specified in this Agreement or in Instructions............................    10
Section 4.06. No Action Except Under Specified Documents or Instructions....................................    11
Section 4.07. Restrictions..................................................................................    11

                                  ARTICLE FIVE

                             CONCERNING THE TRUSTEE

Section 5.01. Acceptance of Trusts and Duties...............................................................    12
Section 5.02. Furnishing of Documents.......................................................................    13
Section 5.03. Representations and Warranties................................................................    13
Section 5.04. Reliance; Advice of Counsel...................................................................    13
Section 5.05. Not Acting in Individual Capacity.............................................................    14
Section 5.06. Trustee Not Liable for Securities or Leases...................................................    14
Section 5.07. Trustee May Own Securities....................................................................    14

                                   ARTICLE SIX

                             COMPENSATION OF TRUSTEE

Section 6.01. Trustee's Fees and Expenses...................................................................    15
Section 6.02. Indemnification...............................................................................    15

                                  ARTICLE SEVEN

                                THE ADMINISTRATOR

Section 7.01. Appointment of Administrator..................................................................    16
Section 7.02. Duties of the Administrator...................................................................    16
Section 7.03. Non-Ministerial Matters.......................................................................    17
Section 7.04. Indemnification of Trustee....................................................................    17
Section 7.05. Administrator's Fees and Expenses.............................................................    17
Section 7.06. Independence of Administrator.................................................................    17
Section 7.07. Other Activities of Administrator.............................................................    18
Section 7.08. Resignation and Removal of Administrator......................................................    18
Section 7.09. No Joint Venture..............................................................................    19
Section 7.10. Action Upon Termination, Resignation or Removal...............................................    19
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                                  ARTICLE EIGHT

                           TERMINATION AND DISSOLUTION

Section 8.01. Termination of Trust Agreement................................................................    20
Section 8.02. Bankruptcy of Beneficiary.....................................................................    20

                                  ARTICLE NINE

                        SUCCESSOR AND ADDITIONAL TRUSTEES

Section 9.01. Eligibility Requirements for Trustee..........................................................    21
Section 9.02. Resignation or Removal of Trustee.............................................................    21
Section 9.03. Successor Trustee.............................................................................    22
Section 9.04. Merger or Consolidation of Trustee............................................................    22
Section 9.05. Appointment of Co-Trustee or Separate Trustee.................................................    23

                                   ARTICLE TEN

                                  MISCELLANEOUS

Section 10.01. Amendments...................................................................................    25
Section 10.02. No Legal Title to Trust Assets in Beneficiary................................................    26
Section 10.03. Limitations on Rights of Others..............................................................    26
Section 10.04. Notices......................................................................................    26
Section 10.05. Severability of Provisions...................................................................    26
Section 10.06. Counterparts.................................................................................    26
Section 10.07. Successors and Assigns.......................................................................    26
Section 10.08. No Petition..................................................................................    27
Section 10.09. No Recourse..................................................................................    27
Section 10.10. Headings.....................................................................................    27
Section 10.11. Governing Law................................................................................    27
Section 10.12. Integration..................................................................................    27
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                                       iii

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                                    EXHIBITS

Exhibit A    --     Definitions ...........................................................................     A-1
Exhibit B    --     Form of Certificate of Trust...........................................................     B-1
Exhibit C    --     Form of Power of Attorney..............................................................     C-1
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                                       iv

<PAGE>

                              AMENDED AND RESTATED
                                 TRUST AGREEMENT

         This Amended and Restated Trust Agreement, dated as of March 1, 1999,
is among Nissan Motor Acceptance Corporation, a California corporation ("NMAC"),
as grantor and beneficiary (in such capacities, the "Grantor" and "Beneficiary",
respectively), U.S. Bank Trust National Association, a national banking
association, as trustee (the "Trustee"), NMAC, as administrator (in such
capacity, the "Administrator"), and Wilmington Trust Company, a Delaware banking
corporation, as Delaware trustee (the "Delaware Trustee").

                                    RECITALS

         WHEREAS, NILT Trust is a Delaware business trust created pursuant to
(i) a trust agreement, dated as of July 7, 1998, among the Beneficiary, the
Trustee and the Delaware Trustee (the "Original Trust Agreement") and (ii) a
certificate of trust filed with the Secretary of State of the State of Delaware
on July 7, 1998; and

         WHEREAS, the parties hereto desire to amend and restate the Original
Trust Agreement in its entirety for the purpose of holding in trust various
assets described herein.

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

                                   ARTICLE ONE

                     DEFINITIONS AND INTERPRETIVE PROVISIONS

         Section 1.01. Definitions; Interpretive Provisions. For all purposes of
this Agreement, except as otherwise expressly provided or unless the context
otherwise requires, (i) capitalized terms shall have the meanings ascribed
thereto in Exhibit A, (ii) capitalized terms used herein that are not otherwise
defined shall have the meanings ascribed thereto in the Origination Trust
Agreement, (iii) terms used in this Agreement include, as appropriate, all
genders and the plural as well as the singular, (iv) references to this
Agreement include all Exhibits hereto, (v) references to words such as "herein",
"hereof" and the like shall refer to this Agreement as a whole and not to any
particular part, Article or Section herein, (vi) references to an Article or
Section such as "Article One" or "Section 1.01" shall refer to the applicable
Article or Section of this Agreement, (vii) the term "include" and all
variations thereof shall mean "include without limitation", (viii) the term "or"
shall include "and/or", (ix) the term "proceeds" shall have the meaning ascribed
to such term in the UCC and (x) the phrase "Trustee on behalf of the Trust", or
words of similar import, shall, to the extent required to effectuate the
appointment of any co-trustee pursuant to Section 9.05, be deemed to refer to
the Trustee (or such co-trustee) on behalf of the Trust.

<PAGE>

                                   ARTICLE TWO

                                    THE TRUST

         Section 2.01. General. The Trust continued hereby shall be known as
"NILT Trust", in which name the Trustee may conduct the business of the Trust,
make and execute contracts and other instruments on behalf of the Trust and sue
and be sued.

         Section 2.02. Office. The primary office of the Trust shall be in care
of the Administrator at the Trust Office. The Trust shall also have an office at
the address of the Trustee set forth in Section 10.04 and at any other location
as the Trustee may designate from time to time by written notice to the
Beneficiary and the Administrator.

         Section 2.03. Purposes. The purposes of the Trust are:

                  (a)      to execute, deliver, enter into and perform its
         obligations under the Relevant Documents to which it is a party or by
         which it is bound;

                  (b)      to acquire, own, hold and, as permitted under the
         Relevant Documents, dispose of or pledge beneficial interests in
         Nissan-Infiniti LT Trust Assets, including the UTI Certificate and any
         SUBI Certificate, and cause any Excess Trust Funds to be distributed to
         or upon the order of the Beneficiary;

                  (c)      subject to compliance with the Trust Documents, to
         engage in such activities as may be required to be taken by the UTI
         Beneficiary pursuant to the Origination Trust Documents, including,
         directing the allocation of Nissan-Infiniti LT Trust Assets to the UTI
         and one or more SUBIs and authorizing the issuance of the related UTI
         and SUBI Certificates, and such other activities that are necessary or
         appropriate to accomplish the foregoing or that are incidental thereto
         or connected therewith;

                  (d)      to engage in any of the other activities described or
         authorized in any Relevant Document or any document relating to a
         Nissan-Infiniti LT Securitized Financing;

                  (e)      subject to compliance with the Relevant Documents, to
         engage in such other activities as may be required in connection with
         the preservation of the Nissan-Infiniti LT Trust Assets and directing
         the making of distributions to or upon the order of Related
         Beneficiaries or any related Holder; and

                  (f)      to engage in any and all activities that are
         necessary or appropriate to accomplish the foregoing or that are
         incidental thereto or connected therewith.

         The Trust shall not engage in any activities other than in connection
with the foregoing or other than as required or authorized by applicable law or
the Relevant Documents. Nothing contained herein shall be deemed to authorize
the Trustee, on behalf of the Trust, to engage in any business operations or any
activities other than those set forth above. Additionally, the

                                        2

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Trustee shall have no discretionary duties other than performing those
ministerial acts that are necessary to accomplish the purposes of the Trust as
set forth in this Section.

         Section 2.04. Appointment of Trustee. The Beneficiary hereby confirms
its appointment of the Trustee as trustee of the Trust effective as of the
effective date of the Original Trust Agreement, to have all the rights, powers
and duties set forth herein, and the Trustee hereby confirms its acceptance of
such appointment.

         Section 2.05. Capital Contribution to Trust Assets. The Trustee hereby
acknowledges receipt in trust from the Beneficiary, as of the date of the
Original Trust Agreement, of $10.00, which shall constitute part of the initial
Trust Assets. The Beneficiary shall pay the organizational expenses of the Trust
as they may arise or shall, upon the request of the Trustee, promptly reimburse
the Trustee for any such expenses paid by the Trustee.

         Section 2.06. Declaration of Trust. The Trustee hereby declares that it
will hold the Trust Assets in trust upon and subject to the conditions set forth
herein for the use and benefit of the Beneficiary, subject to the obligations of
the Trust under the Relevant Documents to which it is a party. It is the
intention of the parties hereto that the Trust constitute a business trust under
the Delaware Act and that this Agreement constitute the governing instrument of
such business trust. It is the intention of the parties hereto that to the
extent permitted by applicable law, the Trust shall not constitute a separate
entity for federal income, State income or franchise Tax purposes and that the
Beneficiary shall be treated for such Tax purposes as if it owned the Trust
Assets directly, rather than through the Trust and to treat the Trust and the
Trust Assets accordingly. Effective as of the date hereof, the Trustee shall
have all rights, powers and duties set forth herein and in the Delaware Act for
the sole purpose and to the extent necessary to accomplish the purposes of the
Trust set forth in Section 2.03.

         Section 2.07. Maintenance of Separate Existence; Prohibited
Transactions. The Trust shall maintain operations separate and apart from those
of the Beneficiary and its Affiliates. In furtherance of the maintenance of
separate operations, and without limiting the foregoing sentence, the Trust and
the Beneficiary shall act in accordance with the following:

                  (a)      The Trust shall act solely in its own name and shall
         not hold itself out as being an agent for the Beneficiary or any
         Affiliate thereof and, except as otherwise provided in the Relevant
         Documents, shall not represent to any third party that the credit or
         resources of the Beneficiary or any Affiliate thereof will be available
         to satisfy the liabilities or obligations of the Trust.

                  (b)      The Trust shall observe all customary business trust
         formalities, including keeping books and records and financial
         statements separate and apart from those of the Beneficiary and any
         Affiliate thereof and taking appropriate business trust actions at the
         appropriate times.

                  (c)      The Trust shall maintain a separate office location.

                  (d)      The Trust Assets shall be separately identified and
         segregated and shall not be commingled with those of the Beneficiary,
         except in the limited manner provided in the Trust Documents. All of
         the Trust Assets shall at all times be held by or on behalf

                                        3

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         of the Trust, and, if held on behalf of the Trust by another entity,
         shall at all times be kept identifiable (in accordance with customary
         usage) as assets owned by the Trust. In no event shall any of the Trust
         Assets be held on behalf of or otherwise by the Beneficiary or any
         Affiliate thereof, except pursuant to the Relevant Documents. The Trust
         shall maintain its own bank accounts, payroll (if applicable) and
         separate books of account.

                  (e)      The Beneficiary shall have no right to:

                           (i)      revoke or terminate the Trust;

                           (ii)     commence any voluntary Proceeding with
                  respect to the Trust under any United States federal or State
                  bankruptcy or similar law without the prior written consent of
                  the Trustee, each Holder and, if any Rated Securities are
                  outstanding, each related Rating Agency; or

                           (iii)    direct the Trustee to take any action that
                  would cause the Trustee to violate Section 4.07.

                  (f)      Any transaction between the Trust, on the one hand,
         and the Beneficiary or any Affiliate thereof, on the other hand, shall
         be conducted only on terms and conditions comparable to transactions on
         an arm's length basis with unaffiliated Persons.

                  (g)      Except as provided in the Relevant Documents, the
         Trust shall directly manage its own liabilities from its own funds,
         including paying its own operating expenses and reimbursing the
         Beneficiary or any Affiliate thereof, as the case may be.

                  (h)      The Trust shall not merge or consolidate with, or
         sell all or substantially all of the Trust Assets to any Person, except
         in accordance with the Relevant Documents and with the prior written
         consent of each Holder and each Rating Agency currently rating a Rated
         Security. Without limiting the generality of the foregoing, the Trustee
         shall not delegate any decision with regard to any merger,
         consolidation, sale of assets, the filing by the Trust of a voluntary
         petition for bankruptcy or consenting to the filing of an involuntary
         petition for bankruptcy against the Trust.

         Section 2.08. Liability of Beneficiary. The Beneficiary shall be
entitled to the same limitation of personal liability with respect to the
obligations of the Trust extended to stockholders of private corporations for
profit organized under the general corporation law of the State of Delaware,
except as otherwise set forth in the Trust Documents.

         Section 2.09. Title to Trust Property. Legal title to all Trust Assets
shall be vested at all times in the Trust as a separate legal entity except
where applicable law in any jurisdiction requires title to any part of the Trust
Assets to be vested in a trustee or trustees, in which case title shall be
deemed to be vested in the Trustee, a co-trustee and/or a separate trustee, on
behalf of the Trust, as the case may be.

         Section 2.10. Situs of Trust. The Trust will be located and
administered in the States of California, Delaware or Illinois. All bank
accounts maintained by the Trustee on behalf of the Trust shall be located in
the States of California, Delaware, or Illinois. The Trust shall not have

                                        4

<PAGE>

any employees in any State other than Delaware; provided, however, that nothing
herein shall restrict or prohibit the Trustee from having employees within or
without the State of Delaware. Payments will be received by the Trust only in
the States of California, Delaware or Illinois, and payments will be made by the
Trust only from such States.

         Section 2.11. Representations and Warranties of the Beneficiary. The
Beneficiary hereby represents and warrants to the Trustee and the other parties
hereto that:

                  (i)      The Beneficiary is duly organized and validly
         existing as a corporation organized and existing and in good standing
         under the laws of the State of California, with power and authority to
         (A) own its properties and to conduct its business as currently owned
         or conducted, (B) execute, deliver and perform this Agreement and any
         other document relating hereto to which it is a party and (C) perform
         its obligations hereunder and any other document relating hereto to
         which it is a party.

                  (ii)     The Beneficiary is duly qualified to do business as a
         foreign corporation in good standing and has obtained all necessary
         licenses and approvals in all jurisdictions in which the ownership or
         lease of property or the conduct of its business requires such
         qualifications, except in jurisdictions in which the failure to so
         qualify would not have a material adverse effect on the ability of the
         Beneficiary to perform its obligations under this Agreement.

                  (iii)    The Beneficiary has the power and authority to
         execute, deliver and perform this Agreement, to carry out its terms and
         to sell and assign the property to be sold and assigned to and
         deposited with the Trustee on behalf of the Trust as part of the Trust
         Assets and has duly authorized such sale and assignment and deposit
         with the Trustee on behalf of the Trust by all necessary corporate
         action; and the execution, delivery and performance of this Agreement
         have been duly authorized by the Beneficiary by all necessary corporate
         action.

                  (iv)     The consummation of the transactions contemplated by
         this Agreement and the fulfillment of the terms hereof do not conflict
         with, result in the breach of any of the terms and provisions of, nor
         constitute (with or without notice or lapse of time) a default under,
         the articles of incorporation or bylaws of the Beneficiary, or any
         indenture, agreement or other instrument to which the Beneficiary is a
         party or by which it is bound; nor result in the creation or imposition
         of any Lien upon any of the properties of the Beneficiary pursuant to
         the terms of any such indenture, agreement or other instrument (other
         than pursuant to the Trust Documents); nor violate any law or any
         order, rule or regulation applicable to the Beneficiary of any court or
         of any federal or State regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over the Beneficiary
         or its properties, which violation would have a material adverse effect
         on the ability of the Beneficiary to perform its obligations under this
         Agreement.

                  (v)      There are no Proceedings pending, or to knowledge of
         the Beneficiary threatened, before any court, regulatory body,
         administrative agency or other governmental instrumentality having
         jurisdiction over the Beneficiary: (A) asserting the invalidity of this
         Agreement or any other Trust Document; (B) seeking to prevent the

                                        5

<PAGE>

         consummation of any of the transactions contemplated by this Agreement
         or any other Trust Document; or (C) seeking any determination or ruling
         that might materially and adversely affect the performance by the
         Beneficiary of its obligations under, or the validity or enforceability
         of, this Agreement or any other Trust Document.

         Section 2.12. Beneficiary Payment Obligation. The Beneficiary shall be
responsible for the payment of all fees and expenses of the Administrator, the
Trust and the Trustee, including amounts paid in connection with any of their
respective obligations under the Relevant Documents.

         Section 2.13. Beneficial Ownership. To the fullest extent permitted by
law, the Beneficiary shall at all times retain sole ownership of the undivided
beneficial interest in the Trust. In no event shall the Beneficiary voluntarily
transfer, assign, hypothecate, sell, pledge or otherwise convey, in whole or in
part, its beneficial interest in the Trust.

         Section 2.14. Restrictions on the Beneficiary's Power. The Beneficiary
shall not direct the Trustee to take or to refrain from taking any action if
such action or inaction would be inconsistent with or contrary to any obligation
of the Trust or the Trustee under this Agreement or any other Trust Document or
to the purpose of the Trust as set forth in Section 2.03.

                                        6

<PAGE>

                                  ARTICLE THREE

                            PAYMENTS; TRUST ACCOUNTS

         Section 3.01. Payments from Trust Assets Only.

         (a)      Except as otherwise provided in this Agreement and the other
Trust Documents, all payments, if any, to be made by the Trustee other than
amounts owing by the Trustee arising from its willful misfeasance, bad faith or
negligence, shall be made only from any then-available Trust Assets and only to
the extent that the Trustee shall have received income or proceeds therefrom to
make such payments in accordance with the terms hereof or thereof.

         (b)      Except as otherwise provided in this Agreement and the other
Trust Documents, all amounts payable to the Beneficiary shall be paid or caused
to be paid by the Trustee to or for the account of the Beneficiary in
immediately available funds by wire transfer.

         Section 3.02. Establishment of Trust Account. The Administrator shall
establish and cause the Trustee to maintain (i) such trust accounts (each, a
"Trust Account"), as necessary, for the benefit of the Beneficiary in which all
of the cash capital of the Trust and all proceeds from the Trust Assets shall be
deposited and (ii) such other trust accounts as are necessary or incidental to
the Trust Accounts established pursuant to clause (i) above or as are specified
in an amendment or supplement to this Agreement. Each Trust Account shall be a
segregated depository or trust account established and maintained in the name of
the Trust with an Eligible Institution. Except as provided in this Agreement and
the other Trust Documents, the Beneficiary shall have no right to withdraw any
funds from any Trust Account without the express written consent of the Trustee.
The Trustee may authorize the Beneficiary to make deposits into and
disbursements from any Trust Account in accordance with the terms and provisions
of this Agreement and the other Trust Documents. The Trustee shall possess all
right, title and interest in all funds on deposit from time to time in any Trust
Account and in the proceeds thereof. Except as otherwise provided herein, each
Trust Account shall be under the sole dominion and control of the Trustee for
the benefit of the Beneficiary.

         Section 3.03. Distribution of Excess Trust Funds.

         (a)      Upon receipt of an Officer's Certificate of the Beneficiary
specifying the amount of Excess Trust Funds and the amount of such Excess Trust
Funds to be distributed, the Trustee shall distribute such Excess Trust Funds to
or upon the order of the Beneficiary.

         (b)      In the event that any withholding Tax is imposed on the
Trust's payment (or allocations of income) to or upon the order of the
Beneficiary, such Tax shall reduce the amount otherwise distributable to the
Beneficiary in accordance with this Section. The Trustee is hereby authorized
and directed to retain from amounts otherwise distributable to the Beneficiary
sufficient funds for the payment of any Tax that is legally owed by the Trust
(but such authorization shall not prevent the Trustee from contesting any such
Tax in appropriate Proceedings, and withholding payment of such Tax, if
permitted by law, pending the outcome of such Proceedings). The amount of any
withholding Tax imposed with respect to the Beneficiary shall be treated as cash
distributed to the Beneficiary at the time it is withheld by the Trust and

                                        7

<PAGE>

remitted to the appropriate taxing authority. If the Trustee receives an opinion
of counsel that withholding Tax is payable with respect to a distribution, the
Trustee may in its sole discretion withhold such amounts in accordance with this
paragraph (b).

         Section 3.04. No Segregation of Monies; No Interest. Subject to
Sections 3.02 and 3.03, monies received by the Trustee hereunder need not be
segregated in any manner except to the extent required by law and may be
deposited under such general conditions as may be prescribed by law, and the
Trustee shall not be liable for any interest thereon.

         Section 3.05. Accounting and Reports to the Beneficiary, IRS and
Others. The Trustee shall deliver to the Beneficiary such information, reports
or statements as may be required by the Code and applicable Treasury Regulations
and as may be required to enable the Beneficiary to prepare its federal and
State income tax returns. Consistent with the characterization of the Trust as a
disregarded entity for Tax purposes, no federal income tax return shall be filed
on behalf of the Trust unless either (i) the Trust or the Beneficiary shall
receive the advice of its counsel or accountants that the Code requires such a
filing or (ii) the IRS shall determine that the Trust is required to file such a
return. In the event that the Trust is required to file Tax returns, the
Administrator shall prepare or shall cause to be prepared any Tax returns
required to be filed by the Trust and shall remit such returns to the
Beneficiary at least five days before such returns are due to be filed. The
Beneficiary, or any other such party required by law, shall promptly sign such
returns and deliver such returns after signature to the Administrator and such
returns shall be filed by, or at the direction of, the Administrator with the
appropriate Tax authorities. In no event shall the Trustee or the Beneficiary be
liable for any liabilities, costs or expenses of the Trust arising out of the
application of any Tax law for Taxes, except for any such liability, cost or
expense attributable to any act or omission by the Trustee or the Beneficiary,
as the case may be, in breach of its obligations under this Agreement.

                                        8

<PAGE>

                                  ARTICLE FOUR

              AUTHORITY AND DUTIES OF, AND ACTIONS BY, THE TRUSTEE

         Section 4.01. General Authority. Subject to Sections 2.03 and 2.07, the
Trustee is authorized and directed to execute and deliver the Relevant Documents
to which the Trust is to be a party and each certificate or other document
attached as an exhibit to or contemplated thereby and any amendment or other
agreement in such form as the Beneficiary shall approve, as evidenced
conclusively by the Trustee's execution thereof. In addition to the foregoing,
the Trustee is authorized, but shall not be obligated, to take all actions
required of the Trust pursuant to the Relevant Documents. The Trustee is further
authorized from time to time to take such action as the Administrator recommends
with respect to the Trust Documents.

         Section 4.02. General Duties. Subject to Sections 2.03 and 2.07, the
Trustee shall discharge (or cause to be discharged through the Administrator or
such agents as shall be appointed with the consent of the Beneficiary) all of
its responsibilities pursuant to the terms of this Agreement and the other Trust
Documents to which the Trust is a party and to administer the Trust in the
interest of the Beneficiary, in accordance with the provisions of this Agreement
and the other Relevant Documents. Without limiting the foregoing, the Trustee
shall on behalf of the Trust file and prove any claim or claims that may exist
against the Beneficiary in connection with any claims-paying procedure as part
of an insolvency or receivership Proceeding involving the Beneficiary.
Notwithstanding the foregoing, the Trustee shall be deemed to have discharged
its duties and responsibilities hereunder and under the other Trust Documents to
the extent the Administrator has agreed herein to perform any act or to
discharge any duty of the Trustee hereunder or under any other Trust Document,
and the Trustee shall not be held liable for the default or failure of the
Administrator to carry out its obligations hereunder.

         Section 4.03. Action Upon Instruction.

         (a)      Subject to the provisions of Article Two and this Article, in
accordance with the Trust Documents, the Beneficiary may, at any time, by
written instruction direct the Trustee in the management of the Trust.

         (b)      The Trustee shall not be required to take any action hereunder
or under any other Trust Document if the Trustee shall have reasonably
determined, or shall have been advised by counsel, that such action is likely to
result in liability on the part of the Trustee or is contrary to the terms
hereof or of any other Relevant Document or is otherwise contrary to law.

         (c)      Subject to Section 4.07 and the Relevant Documents, the
Trustee shall not have the power, except upon receipt of written directions of
the Beneficiary, to (i) remove the Administrator pursuant to Section 7.08, (ii)
appoint a successor Administrator pursuant to Section 7.08, (iii) remove the
Servicer pursuant to the Servicing Agreement, (iv) initiate any claim, suit or
Proceeding by the Trust or compromise any claim, suit or Proceeding brought by
or against the Trust, (v) sell the Trust Assets or (vi) except as required by
law, amend the Certificate of Trust.

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<PAGE>

         (d)      Whenever the Trustee is unable to decide between alternative
courses of action permitted or required by the terms of this Agreement or any
other Trust Document, the Trustee shall promptly give notice (in such form as
shall be appropriate under the circumstances) to the Beneficiary requesting
instruction as to the course of action to be adopted, and, to the extent the
Trustee acts in good faith in accordance with any written instruction of the
Beneficiary received, the Trustee shall not be liable on account of such action
to any Person. If the Trustee shall not have received appropriate instruction
within ten days of such notice (or within such shorter period of time as
reasonably may be specified in such notice or may be necessary under the
circumstances) it may, but shall be under no duty to, take or refrain from
taking such action not inconsistent with this Agreement and the other Trust
Documents, as it shall deem to be in the best interests of the Beneficiary, and
shall have no liability to any Person for such action or inaction.

         (e)      In the event that the Trustee is unsure as to the application
of any provision of this Agreement or any other Trust Document or any such
provision is ambiguous as to its application, or is, or appears to be, in
conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Trustee or is silent or is incomplete
as to the course of action that the Trustee is required to take with respect to
a particular set of facts, the Trustee may give notice (in such form as shall be
appropriate under the circumstances) to the Beneficiary requesting instruction
and, to the extent that the Trustee acts or refrains from acting in good faith
in accordance with any such instruction received, the Trustee shall not be
liable, on account of such action or inaction, to any Person. If the Trustee
shall not have received appropriate instruction within ten days of such notice
(or within such shorter period of time as reasonably may be specified in such
notice or may be necessary under the circumstances) it may, but shall be under
no duty to, take or refrain from taking such action not inconsistent with this
Agreement or the other Trust Documents, as it shall deem to be in the best
interests of the Beneficiary, and shall have no liability to any Person for such
action or inaction.

         Section 4.04. Action by Trustee with Respect to Bankruptcy. The Trustee
shall not have the power to commence a voluntary Proceeding with respect to the
Trust under any United States federal or State bankruptcy or similar law without
the prior written consent of each Holder and if any Rated Securities are
outstanding, each related Rating Agency.

         Section 4.05. No Duties Except as Specified in this Agreement or in
Instructions. The Trustee shall not have any duty or obligation to manage, make
any payment with respect to, register, record, sell, dispose of or otherwise
deal with the Trust Assets, or to otherwise take or refrain from taking any
action under, or in connection with, any document contemplated hereby to which
the Trustee is a party, except as expressly provided by this Agreement or in any
document or written instruction received by the Trustee pursuant to Section
4.03; and no implied duties or obligations shall be read into this Agreement or
any other Trust Document against the Trustee. The Trustee shall have no
responsibility for filing any financing or continuation statement in any public
office at any time or to otherwise perfect or maintain the perfection of any
security interest or Lien granted to it hereunder or to prepare or file any
Commission filing for the Trust or to record this Agreement or any other Trust
Document. The Trustee nevertheless agrees that it will, at its own cost and
expense, promptly take all action as may be necessary to discharge any Liens on
any part of the Trust Assets that result from actions by, or claims against, the
Trustee that are not related to the ownership or the administration of the Trust
Assets.

                                       10

<PAGE>

         Section 4.06. No Action Except Under Specified Documents or
Instructions. The Trustee shall not manage, control, use, sell, dispose of or
otherwise deal with any part of the Trust Assets except in accordance with (i)
the powers granted to and the authority conferred upon the Trustee pursuant to
this Agreement, (ii) the other Trust Documents and (iii) any document or
instruction delivered to the Trustee pursuant to Section 4.03.

         Section 4.07. Restrictions. The Trustee shall not take any action (i)
that is inconsistent with or contrary to any obligation of the Trust or the
Trustee under this Agreement or any other Trust Document or the purposes of the
Trust set forth in Section 2.03 or (ii) that, to the actual knowledge of the
Trustee, would result in the Trust's becoming taxable as a corporation for
federal or State income tax purposes.

                                       11

<PAGE>

                                  ARTICLE FIVE

                             CONCERNING THE TRUSTEE

         Section 5.01. Acceptance of Trusts and Duties. The Trustee accepts the
trusts hereby created and agrees to perform its duties hereunder with respect to
such trusts but only upon the terms of this Agreement. The Trustee also agrees
to disburse all monies actually received by it constituting part of the Trust
Assets upon the terms of this Agreement and the other Trust Documents. The
Trustee shall not be answerable or accountable hereunder or under any other
Trust Document under any circumstances, except (i) for its own willful
misconduct or negligence, (ii) in the case of the inaccuracy of any
representation or warranty contained in Section 5.03 or (iii) as set forth in
the last sentence of Section 4.05. In particular, but not by way of limitation
(and subject to the exceptions set forth in the preceding sentence):

                  (a)      the Trustee shall not be liable for any error of
         judgment made by a Responsible Officer in good faith;

                  (b)      the Trustee shall not be liable with respect to any
         action taken or omitted to be taken by it in accordance with the
         instructions of the Administrator or the Beneficiary in accordance with
         this Agreement and the other Trust Documents;

                  (c)      no provision of this Agreement or any other Trust
         Document shall require the Trustee to expend or risk funds or otherwise
         incur any financial liability in the performance of any of its rights
         or powers hereunder or under any other Trust Document if the Trustee
         shall have reasonable grounds for believing that repayment of such
         funds or adequate indemnity against such risk or liability is not
         reasonably assured or provided to it;

                  (d)      under no circumstances shall the Trustee be liable
         for indebtedness evidenced by or arising under any of the Relevant
         Documents, including any amounts owed to any Holder or any holder of a
         Security issued in a Nissan-Infiniti LT Securitized Financing;

                  (e)      the Trustee shall not be responsible for or in
         respect of the validity or sufficiency of this Agreement or for the due
         execution hereof by any other party hereto or for the form, character,
         genuineness, sufficiency, value or validity of any of the Trust Assets,
         or for or in respect of the validity or sufficiency of the Trust
         Documents, and the Trustee shall in no event assume or incur any
         liability, duty or obligation to any Holder, any holder of a Security
         issued in a Nissan-Infiniti LT Securitized Financing or the
         Beneficiary, other than as expressly provided for herein or expressly
         agreed to in the other Relevant Documents;

                  (f)      the Trustee shall not be liable for the default or
         misconduct of the Beneficiary, the Administrator, the Servicer, the
         Origination Trustee, any Indenture Trustee or any Owner Trustee under
         any Relevant Document or otherwise and the Trustee shall have no
         obligation to perform the obligations of the Trust under this Agreement
         or any Relevant Document, the Administrator hereunder or the
         Origination Trustee, the

                                       12

<PAGE>

         Servicer, any Indenture Trustee or any Owner Trustee under any Relevant
         Document; and

                  (g)      the Trustee shall be under no obligation to exercise
         any of the rights or powers vested in it by this Agreement, or to
         institute, conduct or defend any litigation under this Agreement or
         otherwise or in relation to this Agreement or any other Trust Document,
         at the request, order or direction of the Beneficiary, unless the
         Beneficiary has offered to the Trustee security or indemnity
         satisfactory to it against the costs, expenses and liabilities that may
         be incurred by the Trustee therein or thereby; the right of the Trustee
         to perform any discretionary act enumerated in this Agreement or in any
         other Trust Document shall not be construed as a duty, and the Trustee
         shall not be answerable for other than its negligence or willful
         misconduct in the performance of any such act.

         Section 5.02. Furnishing of Documents. The Trustee shall furnish to the
Beneficiary promptly upon receipt of a written request therefor, duplicates or
copies of all reports, notices, requests, demands, certificates, financial
statements and any other instruments furnished to the Trustee under the Relevant
Documents.

         Section 5.03. Representations and Warranties. The Trustee hereby
represents and warrants to the Beneficiary and the other parties hereto that:

                  (a)      it is a national banking association duly organized
         and validly existing in good standing under the laws of the United
         States and has all requisite corporate power and authority to execute,
         deliver and perform its obligations under this Agreement;

                  (b)      it has taken all corporate action necessary to
         authorize the execution and delivery by it of this Agreement, and this
         Agreement will be executed and delivered by one of its officers who is
         duly authorized to execute and deliver this Agreement on its behalf;
         and

                  (c)      neither the execution nor the delivery by it of this
         Agreement, nor the consummation by it of the transactions contemplated
         hereby nor compliance by it with any of the terms or provisions hereof
         will contravene any federal law, governmental rule or regulation
         governing the banking or trust powers of the Trustee or any judgment or
         order binding on it, or constitute any default under its charter
         documents or bylaws or any indenture, mortgage, contract, agreement or
         instrument to which it is a party or by which any of its properties may
         be bound or result in the creation or imposition of any Lien, charge or
         encumbrance on the Trust Assets resulting from actions by or claims
         against the Trustee individually which are unrelated to this Agreement
         or the other Trust Documents.

         Section 5.04. Reliance; Advice of Counsel.

         (a)      The Trustee shall incur no liability to anyone in acting upon
any signature, instrument, notice, resolution, request, consent, order,
certificate, report, opinion, bond or other document or paper believed by it to
be genuine and believed by it to be signed by the proper party or parties. The
Trustee may accept a certified copy of a resolution of the board of directors or
other governing body of any corporate party as conclusive evidence that such
resolution has

                                       13

<PAGE>

been duly adopted by such body and that the same is in full force and effect. As
to any fact or matter the method of determination of which is not specifically
prescribed herein, the Trustee may for all purposes hereof rely on an Officer's
Certificate of the relevant party, as to such fact or matter and such Officer's
Certificate shall constitute full protection to the Trustee for any action taken
or omitted to be taken by it in good faith in reliance thereon.

         (b)      In the exercise or administration of the trusts hereunder and
in the performance of its duties and obligations under this Agreement and the
other Trust Documents, the Trustee (i) may act directly or through its agents or
attorneys pursuant to agreements entered into with any of them, and the Trustee
shall not be liable for the conduct or misconduct of such agents or attorneys if
such agents or attorneys shall have been selected by the Trustee with reasonable
care, and (ii) may consult with counsel, accountants and other skilled Persons
to be selected with reasonable care and employed by it. The Trustee shall not be
liable for anything done, suffered or omitted in good faith by it in accordance
with the written opinion or advice of any such counsel, accountants or other
such Persons and not contrary to this Agreement or any other Trust Document.

         Section 5.05. Not Acting in Individual Capacity. Except as otherwise
provided in this Article, in accepting the trusts hereby created, U.S. Bank
Trust National Association acts solely as Trustee hereunder and not in its
individual capacity, and all Persons having any claim against the Trustee by
reason of the transactions contemplated by this Agreement or any other Trust
Document shall look only to the Trust Assets for payment or satisfaction
thereof.

         Section 5.06. Trustee Not Liable for Securities or Leases. The recitals
contained herein shall be taken as the statements of the Beneficiary, and the
Trustee assumes no responsibility for the correctness thereof. The Trustee makes
no representations as to the validity or sufficiency of this Agreement (except
the representations and warranties in Section 5.03), any other Trust Document,
any Certificate issued pursuant to the Origination Trust Agreement, any Security
issued in connection with a Nissan-Infiniti LT Securitized Financing, any
Origination Trust Document or of any Lease or related documents. The Trustee
shall at no time have any responsibility or liability for or with respect to the
(i) legality, validity and enforceability of any Lease, or the perfection and
priority of any security interest created by any Lease in any Leased Vehicle or
the maintenance of any such perfection and priority, (ii) for or with respect to
the sufficiency of the Trust Assets or their ability to generate the payments to
be distributed to the Beneficiary under this Agreement, (iii) the compliance by
the Beneficiary with any warranty or representation made under any Relevant
Document or in any related document or the accuracy of any such warranty or
representation or (iv) any action of the Administrator taken in the name of the
Trustee.

         Section 5.07. Trustee May Own Securities. The Trustee in its individual
or any other capacity may become the owner or pledgee of any Certificate issued
pursuant to the Origination Trust Agreement, any Security issued in connection
with a Nissan-Infiniti LT Securitized Financing and may deal with the
Beneficiary, the Administrator, Nissan-Infiniti LT, any Owner Trustee or
Indenture Trustee and the Servicer in banking transactions with the same rights
as it would have if it were not Trustee.

                                       14

<PAGE>

                                   ARTICLE SIX

                             COMPENSATION OF TRUSTEE

         Section 6.01. Trustee's Fees and Expenses. The Trustee shall receive as
compensation for its services hereunder such fees as have been separately agreed
upon before the date hereof between the Beneficiary and the Trustee, and the
Trustee shall be entitled to be reimbursed by the Beneficiary for its other
reasonable expenses hereunder, including the reasonable compensation, expenses
and disbursements of such agents, representatives, experts and counsel as the
Trustee may employ in connection with the exercise and performance of its rights
and its duties hereunder.

         Section 6.02. Indemnification. To the extent funds in cash or cash
equivalents are unavailable from Trust Assets, the Beneficiary shall be liable
as primary obligor for, and shall indemnify the Trustee and its successors,
assigns, agents and servants (collectively, the "Indemnified Parties") from and
against, any and all liabilities, obligations, losses, damages, Taxes, claims,
actions and suits, and any and all reasonable costs, expenses and disbursements
(including reasonable legal fees and expenses) of any kind and nature whatsoever
(collectively, "Expenses") which may at any time be imposed on, incurred by or
asserted against the Trustee or any Indemnified Party in any way relating to or
arising out of this Agreement, the other Trust Documents, the Trust Assets, the
administration of the Trust Assets or the action or inaction of the Trustee
hereunder, except only that the Beneficiary shall not be liable for or required
to indemnify an Indemnified Party from and against Expenses arising or resulting
from any of the matters described in the third sentence of Section 5.01. The
indemnities contained in this Section shall survive the resignation or
termination of the Trustee or the termination of this Agreement. In the event of
any claim or Proceeding for which indemnity will be sought pursuant to this
Section, the Trustee's choice of legal counsel shall be subject to the approval
of the Beneficiary, which approval shall not be unreasonably withheld.

                                       15

<PAGE>

                                  ARTICLE SEVEN

                                THE ADMINISTRATOR

         Section 7.01. Appointment of Administrator. The Trustee and the
Beneficiary hereby appoint NMAC, and NMAC hereby accepts such appointment, as
Administrator of certain duties of the Trust and the Trustee as set forth
herein.

         Section 7.02. Duties of the Administrator.

         (a)      The Administrator shall perform such calculations and shall
prepare or shall cause the preparation by other appropriate Persons of, and
shall execute on behalf of the Trust or the Trustee, all such documents,
reports, filings, instruments, certificates and opinions that it shall be the
duty of the Trust or the Trustee to prepare, file or deliver pursuant to the
Trust Documents or Section 3.05, and at the request of the Trustee shall take
all appropriate action that it is the duty of the Trust or the Trustee to take
pursuant to the Trust Documents. In furtherance thereof, the Trustee shall, on
behalf of itself and of the Trust, execute and deliver to the Administrator and
to each successor Administrator appointed pursuant to the terms hereof, one or
more powers of attorney substantially in the form of Exhibit C hereto,
appointing the Administrator the attorney-in-fact of the Trustee and the Trust
for the purpose of executing on behalf of the Trustee and the Trust all such
documents, reports, filings, instruments, certificates and opinions. Subject to
Article Three, and in accordance with the directions of the Trustee, the
Administrator shall administer, perform or supervise the performance of such
other activities in connection with the Trust Assets (including the Relevant
Documents) as are not covered by any of the foregoing provisions and as are
expressly requested by the Trustee and are reasonably within the capability of
the Administrator.

         (b)      Notwithstanding anything in this Agreement or the Trust
Documents to the contrary, the Administrator shall be responsible for promptly
notifying the Trustee in the event that any withholding Tax is imposed on the
Trust's payments (or allocations of income) to the Beneficiary as contemplated
in Section 3.03(b). Any such notice shall specify the amount of any withholding
Tax required to be withheld by the Trustee pursuant to such provision.

         (c)      Notwithstanding anything in this Agreement to the contrary,
the Administrator shall be responsible for performance of the duties of the
Trustee set forth in Section 3.05 (other than the execution of any documents
executed in connection therewith).

         (d)      The Administrator shall perform the duties of the
Administrator specified in Section 9.02 required to be performed in connection
with the resignation or removal of the Trustee, and any other duties expressly
required to be performed by the Administrator pursuant to this Agreement.

         (e)      The Administrator shall maintain appropriate books of account
and records relating to services performed hereunder, which books of account and
records shall be accessible for inspection by the Trust at any time during
normal business hours.

                                       16

<PAGE>

         (f)      The Administrator shall furnish to the Trust from time to time
such additional information regarding the Trust Assets as the Trust shall
reasonably request.

         (g)      In carrying out the foregoing duties or any of its other
obligations under this Agreement, the Administrator may enter into transactions
or otherwise deal with any of its Affiliates; provided, however, that the terms
of any such transactions or dealings shall be in accordance with any directions
received from the Trust and shall be, in the Administrator's opinion, no less
favorable to the Trust than would be available from unaffiliated parties.

         Section 7.03. Non-Ministerial Matters.

         (a)      With respect to matters that in the reasonable judgment of the
Administrator are non-ministerial, the Administrator shall not take any action
unless within a reasonable time before the taking of such action, the
Administrator shall have notified the Trustee of the proposed action and the
Trustee shall not have withheld consent or provided an alternative direction.
For the purpose of the preceding sentence, "non-ministerial matters" shall
include (i) the initiation of any action, claim or Proceeding by the Trust and
the compromise of any action, claim or Proceeding brought by or against the
Trust; (ii) the amendment, change or modification of the Trust Documents; and
(iii) appointment of a successor Administrator.

         (b)      Notwithstanding anything to the contrary in this Agreement,
the Administrator shall not be obligated to, and shall not, (i) take any action
that the Trust directs the Administrator not to take or (ii) direct the Trustee
to take any action that would cause the Trustee to violate Section 4.07.

         Section 7.04. Indemnification of Trustee. The Administrator will
indemnify the Trustee and its agents for, and hold them harmless against, any
loss, liability or expense incurred without negligence, bad faith or willful
misconduct on their part, arising out of or in connection with the acceptance or
administration of the transactions contemplated by this Agreement, including the
reasonable costs and expenses of defending themselves against any claim or
liability in connection with the exercise or performance of any of their powers
or duties under this Agreement.

         Section 7.05. Administrator's Fees and Expenses. The Administrator
shall receive as compensation for its services hereunder such fees as have been
separately agreed upon before the date hereof between the Beneficiary and the
Administrator, and the Administrator shall be entitled to be reimbursed by the
Beneficiary for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Administrator may employ in
connection with the exercise and performance of its rights and its duties
hereunder.

         Section 7.06. Independence of Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Trust or the Trustee with respect to the
manner in which it accomplishes the performance of its obligations hereunder.
Unless expressly authorized by the Trust, the Administrator shall have no
authority to act for or represent the Trust or the Trustee in any way and shall
not otherwise be deemed an agent of the Trust or the Trustee.

                                       17

<PAGE>

         Section 7.07. Other Activities of Administrator. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other Person or entity even though such Person or entity
may engage in business activities similar to those of the Trust, the Trustee or
Nissan-Infiniti LT.

         Section 7.08. Resignation and Removal of Administrator.

         (a)      The obligations of the Administrator pursuant to this Article
shall continue until the dissolution of the Trust, upon which event such
obligations will terminate.

         (b)      Subject to Section 7.08(d), (i) the Administrator may resign
its duties hereunder by providing the Trust with at least 60 days' prior written
notice and (ii) the Trust may remove the Administrator without cause at any
time.

         (c)      Subject to Section 7.08(d), at the sole option of the Trust,
the Administrator may be removed immediately upon written notice of termination
from the Trust to the Administrator if any of the following events shall occur:

                  (i)      the Administrator shall default in the performance of
         any of its duties under this Agreement and, after notice of such
         default, shall not cure such default within ten days (or, if such
         default cannot be cured in such time, shall not give within ten days
         such assurance of cure as shall be reasonably satisfactory to the
         Trust);

                  (ii)     a court having jurisdiction in the premises shall
         enter a decree or order for relief, and such decree or order shall not
         have been vacated within 60 days, in respect of the Administrator in
         any involuntary case under any applicable bankruptcy, insolvency or
         other similar law now or hereafter in effect or appoint a receiver,
         liquidator, assignee, custodian, trustee, sequestrator or similar
         official for the Administrator or any substantial part of its property
         or order the winding-up or liquidation of its affairs; or

                  (iii)    the Administrator shall commence a voluntary case
         under any applicable bankruptcy, insolvency or other similar law now or
         hereafter in effect, shall consent to the entry of an order for relief
         in an involuntary case under any such law, shall consent to the
         appointment of a receiver, liquidator, assignee, trustee, custodian,
         sequestrator or similar official for the Administrator or any
         substantial part of its property, shall consent to the taking of
         possession by any such official of any substantial part of its
         property, shall make any general assignment for the benefit of
         creditors or shall fail generally to pay its debts as they become due.

         The Administrator agrees that if any of the events specified in clauses
(ii) or (iii) above shall occur, it shall give written notice thereof to the
Trust and, if any Rated Securities are outstanding, each related Rating Agency,
within seven days after the happening of such event.

         (d)      No resignation or removal of the Administrator pursuant to
this Section shall be effective until (i) a successor Administrator shall have
been appointed by the Trust and (ii) such successor Administrator shall have
agreed in writing to be bound by the terms of this Agreement in the same manner
as the Administrator is bound hereunder.

                                       18

<PAGE>

         (e)      The appointment of any successor Administrator shall be
effective only after satisfaction of the Rating Agency Condition with respect to
the proposed appointment.

         (f)      Subject to Sections 7.08(d) and 7.08(e), the Administrator
acknowledges that upon the appointment of a successor Servicer pursuant to the
Servicing Agreement, the Administrator shall immediately resign and such
successor Servicer shall automatically become the Administrator under this
Agreement; provided however that this provision shall not apply at such times as
the Origination Trustee shall be the successor Servicer.

         Section 7.09. No Joint Venture. Nothing contained in this Agreement (i)
shall constitute the Administrator and either the Trust or the Trustee as
members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) shall be construed to
impose any liability as such on any of them or (iii) shall be deemed to confer
on any of them any express, implied or apparent authority to incur any
obligation or liability on behalf of the others.

         Section 7.10. Action Upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to Section
8.01(b) or the resignation or removal of the Administrator pursuant to Section
7.08(b) or (c), respectively, the Administrator shall be entitled to be paid all
fees and reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon the termination
pursuant to Section 8.01(b) deliver to the Trust all property and documents of
or relating to the Trust Assets then in the custody of the Administrator. In the
event of the resignation or removal of the Administrator pursuant to Section
7.08(b) or (c), the Administrator shall cooperate with the Trust and take all
reasonable steps requested to assist the Trust in making an orderly transfer of
the duties of the Administrator.

                                       19

<PAGE>

                                  ARTICLE EIGHT

                           TERMINATION AND DISSOLUTION

         Section 8.01. Termination of Trust Agreement.

         (a)      The Trust shall continue in full force and effect until the
termination of Nissan-Infiniti LT in accordance with the Relevant Documents,
including the payment to each Holder, or its designee, of all amounts required
to be paid to it pursuant to the Origination Trust Agreement and the related
Certificates and the expiration or termination of all Nissan-Infiniti LT
Securitized Financings by their respective terms.

         (b)      Upon occurrence of the events described in Section 8.01(a) the
Trust shall dissolve and, after satisfaction of all obligations to creditors, if
any, of the Trust, the Trustee shall (i) distribute the Trust Assets to the
Beneficiary or its designee and (ii) file or cause to be filed a certificate of
cancellation with the Delaware Secretary of State pursuant to Section 3810(d) of
the Delaware Act. Upon the filing described in clause (ii), this Agreement shall
terminate, the Trust shall terminate and the Trustee shall be discharged from
all duties and obligations hereunder.

         (c)      The Beneficiary shall not be entitled to revoke or terminate
the Trust.

         Section 8.02. Bankruptcy of Beneficiary. The bankruptcy, liquidation or
dissolution of the Beneficiary shall not (i) operate to terminate or revoke this
Agreement or the Trust, (ii) entitle such Beneficiary's legal representatives or
heirs to claim an accounting or to take any Proceeding in any court for a
partition or winding up of all or any part of the Trust or Trust Assets or (iii)
otherwise affect the rights, obligations and liabilities of the parties hereto.

                                       20

<PAGE>

                                  ARTICLE NINE

                        SUCCESSOR AND ADDITIONAL TRUSTEES

         Section 9.01. Eligibility Requirements for Trustee.

         (a)      Except as otherwise provided in this Agreement, the Trustee
shall at all times: (i) be a corporation organized under the laws of the United
States or any State (which corporation shall not be the Beneficiary or any
Affiliate thereof); (ii) be authorized to exercise corporate trust powers; (iii)
have a combined capital and surplus of at least $50,000,000 and be subject to
supervision or examination by federal or State authorities; and (iv) have (or
have a parent that has) a rating of at least Baa3 by Moody's (if Moody's is a
Rating Agency) and A-1 by Standard & Poor's (if Standard & Poor's is a Rating
Agency). If such corporation shall publish reports of condition at least
annually pursuant to law or to the requirements of the aforesaid supervising or
examining authority, then for the purpose of this Section, the combined capital
and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. In
case at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, the Trustee shall resign immediately in the manner
and with the effect specified in Section 9.02.

         (b)      In the event the Trustee complies with Section 9.01(a) but has
its principal place of business outside of the State of Delaware, then there
shall at all times be a co-trustee appointed to act as the Delaware Trustee
pursuant to Section 3807 of the Delaware Act. The Delaware Trustee shall serve
as such for the sole purpose of satisfying the requirement of Section 3807 of
the Delaware Act that the Trust have at least one trustee with a principal place
of business in Delaware. It is understood and agreed by the parties hereto that
the Delaware Trustee shall have none of the duties or liabilities of the
Trustee. The duties of the Delaware Trustee shall be limited to (i) accepting
legal process served on the Trust in the State of Delaware and (ii) the
execution of any certificates required to be filed with the Delaware Secretary
of State which the Delaware Trustee is required to execute under Section 3811 of
the Delaware Act. To the extent that, at law or in equity, the Delaware Trustee
has duties (including fiduciary duties) or liabilities relating thereto to the
Trust, it is hereby understood and agreed by the parties hereto that such duties
and liabilities are replaced by the duties and liabilities of the Delaware
Trustee expressly set forth in this Agreement.

         Section 9.02. Resignation or Removal of Trustee. The Trustee may at any
time resign and be discharged from the trusts hereby created by giving written
notice thereof to the Administrator and the Beneficiary. Upon receiving such
notice of resignation, the Administrator shall promptly appoint a successor
Trustee by written instrument, in duplicate, one copy of which instrument shall
be delivered to the resigning Trustee and one copy to the successor Trustee. If
no successor Trustee shall have been so appointed and have accepted appointment
within 30 days after the giving of such notice of resignation, the resigning
Trustee or the Beneficiary may petition any court of competent jurisdiction for
the appointment of a successor Trustee.

         If at any time the Trustee shall cease to be eligible in accordance
with the provisions of Section 9.01 and shall fail to resign after written
request therefor by the Administrator, or if at any time the Trustee shall be
legally unable to act, or shall be adjudged bankrupt or insolvent, or

                                       21

<PAGE>

a receiver of the Trustee or of its property shall be appointed, or any public
officer shall take charge or control of the Trustee or of its property or
affairs for the purpose of rehabilitation, conservation or liquidation, then the
Administrator may remove the Trustee. If the Administrator shall remove the
Trustee under the authority of the immediately preceding sentence, the
Administrator shall promptly appoint a successor Trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to the outgoing
Trustee so removed and one copy to the successor Trustee, and shall pay all fees
owed to the outgoing Trustee.

         Any resignation or removal of the Trustee and appointment of a
successor Trustee pursuant to any of the provisions of this Section shall not
become effective until acceptance of appointment by the successor Trustee
pursuant to Section 9.03 and payment of all fees and expenses owed to the
outgoing Trustee. The Administrator shall provide notice of such resignation or
removal of the Trustee to each Rating Agency.

         Section 9.03. Successor Trustee. Any successor Trustee appointed
pursuant to Section 9.02 shall execute, acknowledge and deliver to the
Administrator and to its predecessor Trustee an instrument accepting such
appointment under this Agreement, and thereupon the resignation or removal of
the predecessor Trustee shall become effective, and such successor Trustee,
without any further act, deed or conveyance, shall become fully vested with all
the rights, powers, duties and obligations of its predecessor under this
Agreement, with like effect as if originally named as Trustee. The predecessor
Trustee shall, upon payment of its fees and expenses, deliver to the successor
Trustee all documents and statements and monies held by it under this Agreement;
and the Administrator and the predecessor Trustee shall execute and deliver such
instruments and do such other things as may reasonably be required for fully and
certainly vesting and confirming in the successor Trustee all such rights,
powers, duties and obligations.

         No successor Trustee shall accept appointment as provided in this
Section unless at the time of such acceptance such successor Trustee shall be
eligible pursuant to Section 9.01.

         If any Rated Securities are outstanding at the time a successor Trustee
accepts its appointment as such pursuant to this Section, the Administrator
shall mail notice thereof to each related Rating Agency. If the Administrator
shall fail to mail such notice within ten days after acceptance of such
appointment by the successor Trustee, the successor Trustee shall cause such
notice to be mailed at the expense of the Administrator.

         The successor Trustee shall file an amendment to the Certificate of
Trust with the Delaware Secretary of State identifying the name and principal
place of business in the State of Delaware, if applicable, of such successor
Trustee.

         Section 9.04. Merger or Consolidation of Trustee. Any corporation into
which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Trustee shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the
Trustee, shall be the successor of the Trustee hereunder, without the execution
or filing of any instrument or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding; provided, that such
corporation shall be eligible pursuant to

                                       22

<PAGE>

Section 9.01 and, provided, further, that the Trustee shall mail notice of such
merger or consolidation to each Rating Agency.

         Section 9.05. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any part
of the Trust Assets may at the time be located, the Administrator and the
Trustee acting jointly shall have the power and shall execute and deliver all
instruments to appoint one or more Persons approved by the Administrator and
Trustee to act as co-trustee, jointly with the Trustee, or as separate trustee
or separate trustees, of all or any part of the Trust Assets, and to vest in
such Person, in such capacity, such title to the Trust or any part thereof and,
subject to the other provisions of this Section, such powers, duties,
obligations, rights and trusts as the Administrator and the Trustee may consider
necessary or desirable. If the Administrator shall not have joined in such
appointment within 15 days after the receipt by it of a request so to do, the
Trustee alone shall have the power to make such appointment. With the exception
of the Delaware Trustee, no co-trustee or separate trustee under this Agreement
shall be required to meet the terms of eligibility as a successor Trustee
pursuant to Section 9.01, except that each such co-trustee or separate trustee
shall have (or have a parent that has) a rating of at least Baa3 by Moody's (if
Moody's is a Rating Agency) and A-1 by Standard & Poor's (if Standard & Poor's
is a Rating Agency), and no notice of the appointment of any co-trustee or
separate trustee shall be required pursuant to Section 9.03.

         Each separate trustee and co-trustee shall, to the extent permitted by
law, be appointed and act subject to the following provisions and conditions:

                  (a)      all rights, powers, duties and obligations conferred
         or imposed upon the Trustee shall be conferred upon and exercised or
         performed by the Trustee and such separate trustee or co-trustee
         jointly (it being understood that such separate trustee or co-trustee
         is not authorized to act separately without the Trustee joining in such
         act), except to the extent that under any law of any jurisdiction in
         which any particular act or acts are to be performed, the Trustee shall
         be incompetent or unqualified to perform such act or acts, in which
         event such rights, powers, duties and obligations (including the
         holding of title to the Trust Assets or any portion thereof in any such
         jurisdiction) shall be exercised and performed singly by such separate
         trustee or co-trustee, but solely at the direction of the Trustee;

                  (b)      no trustee under this Agreement shall be personally
         liable by reason of any act or omission of any other trustee under this
         Agreement; and

                  (c)      the Administrator and the Trustee acting jointly may
         at any time accept the resignation of or remove any separate trustee or
         co-trustee.

         Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees,
as effectively as if given to each of them. Every instrument appointing any
separate trustee or co-trustee shall refer to this Agreement and the conditions
of this Article. Each separate trustee and co-trustee, upon its acceptance of
the trusts conferred, shall be vested with the estates or property specified in
its instrument of appointment, either jointly with the Trustee or separately, as
may be provided

                                       23

<PAGE>

therein, subject to all the provisions of this Agreement, specifically including
every provision of this Agreement relating to the conduct of, affecting the
liability of or affording protection to, the Trustee. Each such instrument shall
be filed with the Trustee and a copy thereof given to the Administrator.

         Any separate trustee or co-trustee may at any time appoint the Trustee
as its agent or attorney-in-fact with full power and authority, to the extent
not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its estates,
properties, rights, remedies and trusts shall vest in and be exercised by the
Trustee, to the extent permitted by law, without the appointment of a new or
successor co-trustee or separate trustee.

                                       24

<PAGE>

                                   ARTICLE TEN

                                  MISCELLANEOUS

         Section 10.01. Amendments.

         (a)      This Agreement may be amended by the parties hereto to cure
any ambiguity, to correct or supplement any provisions in this Agreement or to
add any other provisions with respect to matters or questions arising under this
Agreement that shall not be inconsistent with the provisions of this Agreement;
provided, however, that (i) the parties hereto may not modify the purposes and
restrictions of the Trust set forth in Sections 2.03 and 2.07 or amend the
termination provisions set forth in Article Eight and (ii) any such action shall
not, as evidenced by an Opinion of Counsel, adversely affect in any material
respect the interests of any Holder.

         (b)      This Agreement may also be amended from time to time by the
parties hereto with the prior written consent of each Holder (which consent
shall be conclusive and binding on such Holder and all future Holders of any
Certificate) and subject to satisfaction of the Rating Agency Condition, for the
purpose of adding any provisions to or changing in any manner or eliminating any
provisions of this Agreement.

         (c)      Prior to the execution of any such amendment or consent, the
Trustee shall furnish written notification of the substance of such amendment or
consent, together with a copy thereof, to the Administrator, each Holder and, if
any Rated Securities are outstanding, each related Rating Agency.

         (d)      Promptly after the execution of any such amendment or consent,
the Trustee shall furnish written notification of the substance of such
amendment or consent to the Administrator, each Holder and, if any Rated
Securities are outstanding, each related Rating Agency. It shall not be
necessary for the consent of the Holders or any Rating Agency pursuant to this
Section to approve the particular form of any proposed amendment or consent, but
it shall be sufficient if such consent shall approve the substance thereof. The
manner of obtaining such consents (and any other consents of Holders provided
for in this Agreement) and of evidencing the authorization of the execution
thereof by Holders shall be subject to such reasonable requirements as the
Trustee may prescribe.

         (e)      Promptly after the execution of any amendment to the
Certificate of Trust, the Trustee shall cause the filing of such amendment with
the Delaware Secretary of State.

         (f)      In connection with the execution of any amendment to this
Agreement or any other Trust Document to which the Trust is a party and for
which amendment the Trustee's consent is sought, the Trustee shall be entitled
to receive and conclusively rely upon an Opinion of Counsel to the effect that
such amendment is authorized or permitted by the Trust Documents and that all
conditions precedent in the Trust Documents for the execution and delivery
thereof by the Trust or the Trustee, as the case may be, have been satisfied.
The Trustee may, but shall not be obligated to, enter into any such amendment
that affects the Trustee's own rights, duties or immunities under this Agreement
or otherwise.

                                       25

<PAGE>

         Section 10.02. No Legal Title to Trust Assets in Beneficiary. The
Beneficiary shall not have legal title to any part of the Trust Assets. The
Beneficiary shall be entitled to receive distributions with respect to its
undivided ownership interest therein only in accordance with Articles Three and
Eight. No transfer, by operation of law or otherwise, of any right, title or
interest of the Beneficiary to and in its ownership interest in the Trust Assets
shall operate to terminate this Agreement or the trusts hereunder or entitle any
transferee to an accounting or to the transfer to it of legal title to any part
of the Trust Assets.

         Section 10.03. Limitations on Rights of Others. Except for Section
2.09, the provisions of this Agreement are solely for the benefit of the Trustee
and the Beneficiary and to the extent expressly provided herein, the
Administrator and the Delaware Trustee, and nothing in this Agreement (other
than Section 2.09), whether express or implied, shall be construed to give to
any other Person any legal or equitable right, remedy or claim in the Trust
Assets or under or in respect of this Agreement or any covenants, conditions or
provisions contained herein.

         Section 10.04. Notices. All demands, notices and communications under
this Agreement shall be in writing personally delivered or mailed by certified
mail, return receipt requested, and shall be deemed to have been duly given upon
receipt in the case of (a) the Trustee, at 111 East Wacker Drive, Suite 3000,
Chicago, Illinois 60601; (b) the Beneficiary, at 990 West 190th Street,
Torrance, California 90502, Attention: Treasurer; (c) the Administrator, at 990
West 190th Street, Torrance California 90502, Attention: Treasurer; (d) the
Delaware Trustee, at Wilmington Trust Company, Rodney Square North, 1100 N.
Market Street, Wilmington, Delaware 19890; (e) Standard & Poor's if Standard &
Poor's is a Rating Agency, at 25 Broadway, New York, New York 10004, Attention:
Asset Backed Surveillance Group; (f) Moody's if Moody's is a Rating Agency, at
99 Church Street, New York, New York 10007, Attention: ABS Monitoring
Department; (g) a Holder, at the address set forth in the Certificate Register
as provided in Section 3.05 of the Origination Trust Agreement; or (h) as to
each party, at such other address as shall be designated by such party in a
written notice to each other party. Delivery shall occur only upon actual
receipt or rejected tender of such communication by an officer of the recipient
entitled to receive such notices located at the address of such recipient for
notices hereunder.

         Section 10.05. Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement.

         Section 10.06. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same instrument.

         Section 10.07. Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, each of the
parties hereto and their respective successors and permitted assigns, all as
herein provided. Any request, notice, direction, consent, waiver or other
instrument or action by the Beneficiary shall bind the successors and assigns of
the Beneficiary. Notwithstanding the foregoing, the Trustee may not assign or
delegate any of

                                       26

<PAGE>

its rights or obligations under this Agreement, except as provided herein
without the consent of the Beneficiary.

         Section 10.08. No Petition.

         (a)      Each of the Beneficiary and the Administrator will not at any
time institute against the Trust any bankruptcy Proceedings under any United
States federal or State bankruptcy or similar law in connection with any
obligations relating to this Agreement or any Trust Document.

         (b)      Each of the Trustee and Delaware Trustee, by entering into
this Agreement, hereby covenants and agrees that they will not at any time
institute against the Beneficiary, the Administrator or the Trust, or join in
any institution against the Beneficiary, the Administrator or the Trust of, any
bankruptcy Proceedings under any United States federal or State bankruptcy or
similar law in connection with any obligations relating to this Agreement or any
Trust Document; provided, however, that upon receipt of the written consent of
each Holder and, if any Rated Securities are outstanding, each related Rating
Agency, each of the Trustee and the Delaware Trust may file such a Proceeding
against the Trust.

         Section 10.09. No Recourse. The Beneficiary by entering into this
Agreement acknowledges that it holds a beneficial interest in the Trust only and
not interests in or obligations of the Beneficiary, the Administrator, the
Trustee, the Delaware Trustee or any of their respective Affiliates and no
recourse may be had against such parties or their assets, except as may be
expressly set forth or contemplated in this Agreement or the other Trust
Documents.

         Section 10.10. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

         Section 10.11. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

         Section 10.12. Integration. This Agreement represents the agreement of
the Beneficiary and the other parties hereto with respect to the subject matter
hereof, and there are no promises, undertakings, representations or warranties
by the Beneficiary or the parties hereto relating to the subject matter hereof
not expressly set forth or referred to herein.

                                       27

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective officers hereunto duly authorized, as of the
day and year first above written.

                                    NISSAN MOTOR ACCEPTANCE
                                    CORPORATION,
                                      as Grantor and Beneficiary

                                    By: /s/ Tomoaki Shimazu
                                        -------------------
                                        Name: Tomoaki Shimazu
                                        Title: Vice President, Finance and
                                               Corporate Planning

                                    NISSAN MOTOR ACCEPTANCE
                                    CORPORATION,
                                      as Administrator

                                    By: /s/ Tomoaki Shimazu
                                        -------------------
                                        Name: Tomoaki Shimazu
                                        Title: Vice President, Finance and
                                               Corporate Planning

                                    U.S. BANK TRUST NATIONAL ASSOCIATION,
                                      as Trustee

                                    By: /s/ Patricia M. Child
                                        ---------------------
                                        Name: Patricia M. Child
                                        Title: Vice President

                                    WILMINGTON TRUST COMPANY,
                                      as Delaware Trustee

                                    By: /s/ Charlotte Paglia
                                        --------------------
                                        Name: Charlotte Paglia
                                        Title: Financial Services Officer

                                       28

<PAGE>

                                                                       EXHIBIT A

                                   DEFINITIONS

         "Administrator" means NMAC in its capacity as administrator of the
Trust pursuant to the Agreement.

         "Agreement" means the Amended and Restated Trust Agreement, as the same
may be amended, restated or supplemented from time to time.

         "Beneficiary" means NMAC, the holder of the undivided beneficial
interest in the Trust.

         "Capital Contribution" means any capital contribution to the Trust made
by the Beneficiary or any of its Affiliates.

         "Certificate of Trust" means the certificate of trust for the Trust,
substantially in the form of Exhibit B to the Agreement, filed for the Trust
with the office of the Delaware Secretary of State pursuant to Section 3810 of
the Delaware Act, as supplemented, amended or restated from time to time.

         "Commission" means the Securities and Exchange Commission, and its
successors.

         "Co-Trustee Agreement" means any instrument or agreement pursuant to
which the Trustee and the Beneficiary appoint a co-trustee pursuant to Section
9.05 of the Agreement.

         "Delaware Act" means the Delaware Business Trust Act, specifically, the
provisions of 12 Del. C. Section 3801 et seq., as amended.

         "Delaware Co-Trustee Agreement" means the Co-Trustee Agreement, dated
as of July 7, 1998, among the Grantor and Beneficiary, the Trustee and the
Delaware Trustee, as amended, restated or supplemented from time to time.

         "Delaware Secretary of State" means the Secretary of State of the State
of Delaware.

         "Delaware Trustee" means the trustee meeting the requirements of
Section 3807 of the Delaware Act and designated in the Certificate of Trust, and
its successors, in such capacity as set forth in the Certificate of Trust and
the Delaware Co-Trustee Agreement, and shall initially be Wilmington Trust
Company.

         "Eligible Institution" means a depository institution or trust company
that (i) is organized under the laws of the United States or any State and (ii)
has the Required Deposit Rating.

         "Excess Trust Funds" means, for purposes of the calculation set forth
in Section 3.04(c) of the Origination Trust Agreement at a time when the Trust
is the UTI Beneficiary, the amount on deposit in the Trust Accounts or otherwise
owned by the Trust which, combined with all other Trust Assets other than the
UTI Certificate (and any related SUBI Certificate, to the extent required by a
related Supplement), exceeds the lesser of (i) 5% of the net Capital
Contributions

                                       A-1

<PAGE>

then made by the Trust, as UTI Beneficiary, to the UTI, and any SUBI to the
extent required by a related Supplement, and (ii) $100,000,000.

         "Expenses" has the meaning set forth in Section 6.02 of the Agreement.

         "Grantor" means NMAC, in its capacity as a grantor of the Trust.

         "Indemnified Parties" has the meaning set forth in Section 6.02 of the
Agreement.

         "Indenture Trustee" means the indenture trustee of any indenture
entered into by a Special Purpose Affiliate and a Nissan-Infiniti LT Securitized
Financing Trust in connection with a Nissan-Infiniti LT Securitized Financing.

         "IRS" means the Internal Revenue Service, and its successors.

         "Moody's" means Moody's Investors Service, Inc., and its successors.

         "Nissan-Infiniti LT" means Nissan-Infiniti LT, the Delaware business
trust, formed and continued by the Origination Trust Agreement.

         "Nissan-Infiniti LT Beneficiary" means Nissan-Infiniti LT, the
Beneficiary or any of their respective Affiliates.

         "Nissan-Infiniti LT Securitized Financing" means any (i) financing
transaction undertaken by or on behalf of a Nissan-Infiniti LT Beneficiary or a
Special Purpose Affiliate that is secured, directly or indirectly, by
Nissan-Infiniti Trust Assets or the UTI, a SUBI or any interest therein and any
financing undertaken in connection with the issuance, pledge or assignment of
the UTI or a SUBI and the related UTI Certificate or SUBI Certificate, as the
case may be, (ii) sale, lease or other transfer by a Nissan-Infiniti LT
Beneficiary or a Special Purpose Affiliate of an interest in the UTI or a SUBI
or (iii) other asset securitization, secured loan or similar transaction
involving Nissan-Infiniti Trust Assets or any beneficial interest therein or in
Nissan-Infiniti LT.

         "Nissan-Infiniti LT Securitized Financing Trust" means any trust formed
pursuant to a trust agreement entered into by a Special Purpose Affiliate in
connection with a Nissan-Infiniti LT Securitized Financing.

         "Nissan-Infiniti LT Trust Assets" means beneficial interests in "Trust
Assets," as such term is defined in the Origination Trust Agreement.

         "NMAC" means Nissan Motor Acceptance Corporation, a California
corporation, and its permitted successors and assigns.

         "Opinion of Counsel" means a written opinion of counsel who may be
counsel for the Beneficiary or any of its Affiliates (including, in each such
case, in-house counsel), which counsel, in the case of opinions delivered to the
Trustee, shall be reasonably satisfactory to the Trustee.

                                       A-2

<PAGE>

         "Original Trust Agreement" has the meaning set forth in the Recitals.

         "Origination Trust Agreement" means that certain trust agreement, dated
as of July 7, 1998, among the Trust, NILT, Inc. and Wilmington Trust Company, as
amended and restated by the amended and restated trust agreement, dated as of
August 26, 1998, among the Trust, NMAC, NILT, Inc., Wilmington Trust Company and
U.S. Bank National Association, as such agreement may be amended, restated and
supplemented from time to time.

         "Origination Trust Documents" means the Origination Trust Agreement and
all agreements executed in connection therewith and with any Nissan-Infiniti LT
Securitized Financing.

         "Origination Trustee" means NILT, Inc., a Delaware corporation, and its
permitted successor and assigns, in its capacity as trustee of Nissan-Infiniti
LT.

         "Owner Trustee" means the trustee of any Nissan-Infiniti LT Securitized
Financing Trust.

         "Rating Agency Condition" means, with respect to any action, that each
Rating Agency shall have been given ten Business Days (or such shorter period as
is acceptable to each Rating Agency) prior notice thereof and that each Rating
Agency shall have notified the Beneficiary in writing that such action will not
result in a Ratings Effect.

         "Relevant Documents" means the Trust Documents and the Origination
Trust Documents.

         "Responsible Officer" means, when used with respect to the Trustee, the
corporate trust office of the Trustee, including any president, vice president,
assistant vice president, trust officer, secretary, assistant secretary or any
other officer thereof customarily performing functions similar to those
performed by the individuals who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his
or her knowledge of or familiarity with the particular subject.

         "Special Purpose Affiliate" means a special purpose entity that is an
Affiliate of a Nissan-Infiniti LT Beneficiary and was created for the purpose of
one or more Nissan-Infiniti LT Securitized Financings.

         "Standard & Poor's" means Standard & Poor's, a division of The
McGraw-Hill Companies, Inc., and its successors.

         "Treasury Regulations" means regulations, including proposed or
temporary regulations, promulgated under the Code; references herein to specific
provisions of proposed or temporary regulations shall include analogous
provisions of final Treasury Regulations or other successor Treasury
Regulations.

         "Trust" means NILT Trust, the Delaware business trust established by
the Agreement.

         "Trust Account" means any Trust Account established pursuant to Section
3.02 of the Agreement.

                                       A-3

<PAGE>

         "Trust Assets" means: (i) cash; (ii) the UTI Certificate; (iii) all
such other assets as may be acquired by the Trust from time to time; and (iv)
all proceeds of the items described in clauses (i) through (iii).

         "Trust Documents" means the Agreement, any Co-Trustee Agreement and the
Certificate of Trust.

         "Trustee" means U.S. Bank Trust National Association, a national
banking association, not in its individual capacity but solely as trustee under
the Agreement, and any successor Trustee hereunder.

         "Trust Office" means the principal office of the Trust, which initially
shall be 990 West 190th Street, Torrance, California 90502.

         "UTI Beneficiary" means the Trust in its capacity as Holder of the UTI
Certificate pursuant to the Origination Trust Agreement.

         "UTI Certificate" means the Certificate evidencing the 100% beneficial
ownership interest in the undivided trust interest of Nissan-Infiniti LT.

                                       A-4

<PAGE>

                                                                       EXHIBIT B

                       CERTIFICATE OF TRUST OF NILT TRUST

         This Certificate of Trust of NILT Trust (the "Trust"), is being duly
executed and filed by Wilmington Trust Company, a Delaware banking corporation,
as Delaware trustee, and U.S. Bank Trust National Association, a national
banking association, as managing trustee, to form a business trust under the
Delaware Business Trust Act (12 Del. Code, Section 3801 et seq.) (the "Act").

         1.       Name. The name of the business trust formed hereby is NILT
Trust.

         2.       Delaware Trustee. The name and business address of the trustee
of the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square
North, 1100 N. Market Street, Wilmington, Delaware 19890-0001, Attention:
Corporate Trust Administration.

         3.       Effective Date. This Certificate of Trust shall be effective
upon its filing with the Delaware Secretary of State of the State of Delaware.

         IN WITNESS WHEREOF, the undersigned have executed this Certificate of
Trust in accordance with Section 3811(a) of the Act.

                                    WILMINGTON TRUST COMPANY, as Trustee

                                    By: ________________________________________
                                        Name:
                                        Title:

                                    U.S. BANK TRUST NATIONAL ASSOCIATION,
                                      as Trustee

                                    By: ________________________________________
                                        Name:
                                        Title:

                                       B-1

<PAGE>

                                                                       EXHIBIT C

                                POWER OF ATTORNEY

STATE OF __________        ]
                           ]
COUNTY OF _________        ]

         KNOW ALL MEN BY THESE PRESENTS, that U.S. Bank Trust National
Association, a national banking association, not in its individual capacity but
solely as trustee (the "Trustee") for NILT Trust (the "Trust"), does hereby
make, constitute and appoint Nissan Motor Acceptance Corporation, a California
corporation ("NMAC"), as administrator under the trust agreement, dated as of
July 7, 1998, as amended and restated as of _______, 1999 (the "Trust
Agreement"), among NMAC, U.S. Bank Trust National Association and Wilmington
Trust Company as the same may be amended from time to time, and its agents and
attorneys, as Attorneys-in-Fact to execute on behalf of the Trustee or the Trust
any and all such documents, reports, filings, instruments, certificates and
opinions as it should be the duty of the Trustee or the Trust to prepare, file
or deliver pursuant to the Trust Documents, or pursuant to Section 4.01 of the
Trust Agreement, including, without limitation, to appear for and represent the
Trustee and the Trust in connection with the preparation, filing and audit of
federal, State and local tax returns pertaining to the Trust, if any, and with
full power to perform any and all acts associated with such returns and audits,
if any, that the Trustee could perform, including without limitation, the right
to distribute and receive confidential information, defend and assert positions
in response to audits, initiate and defend litigation, and to execute waivers of
restrictions on assessments of deficiencies, consents to the extension of any
statutory or regulatory time limit, and settlements.

         All powers of attorney for this purpose heretofore filed or executed by
the Trustee are hereby revoked.

         Capitalized terms that are used and not otherwise defined herein shall
have the meanings ascribed thereto in the Trust Agreement.

         EXECUTED this ___ day of _____________, 1999.

                                    U.S. BANK TRUST NATIONAL ASSOCIATION,
                                      not in its individual capacity but solely
                                      as Trustee

                                    ________________________________________
                                    Name:
                                    Title:

                                       C-1EXHIBIT 10.1

                              PROCUREMENT AGREEMENT

                                     BETWEEN

                        INDUSTRIAS DE TELECOMUNICACIONES
                             AMERICANAS - ATEL S.A.
                          (A WHOLLY-OWNED SUBSIDIARY OF
                             CALYPSO WIRELESS, INC.)

                             CHINA TELECOM CHANGZHOU
                             TLECOMMUNICATION BUREAU
                                 (CHINA TELECOM)

<PAGE>
                          TABLE OF CONTENTS
                          -----------------

ARTICLE  DESCRIPTION                                         PAGE
-------  --------------------------------------------------  ----

      1    FIELD TRIAL EQUIPMENT AND SOFTWARE . . . . . . .     1
      2    SCOPE; VOLUME DEPLOYMENT; AND MINIMUM
           DEPLOYMENT COMMITMENT. . . . . . . . . . . . . .     3
      3    ACCEPTANCE . . . . . . . . . . . . . . . . . . .     8
      4    TERM . . . . . . . . . . . . . . . . . . . . . .     8
      5    DOCUMENTATION AND REPORTS. . . . . . . . . . . .     9
      6    DELIVERY AND INSTALLATION. . . . . . . . . . . .     9
      7    FORCE MAJEURE. . . . . . . . . . . . . . . . . .     9
      8    TRAINING . . . . . . . . . . . . . . . . . . . .    10
      9    SOFTWARE LICENSE . . . . . . . . . . . . . . . .    10
     10    SOFTWARE MODIFICATIONS . . . . . . . . . . . . .    12
     11    EQUIPMENT MODIFICATIONS. . . . . . . . . . . . .    12
     12    PROPRIETARY INFORMATION. . . . . . . . . . . . .    14
     13    WARRANTIES AND WARRANTY EXCLUSIONS AND
           LIMITATIONS. . . . . . . . . . . . . . . . . . .    16
     14    REPRESENTATIONS AND OTHER WARRANTIES . . . . . .    18
     15    REMEDIES AND LIMITATIONS . . . . . . . . . . . .    19
     16    SUPPORT AND OTHER SERVICES . . . . . . . . . . .    20
     17    COVERAGE INTERFERENCE AND THIRD PARTY FACILITIES    20
     18    INDEMNIFICATION. . . . . . . . . . . . . . . . .    20
     19    PATENTS, COPYRIGHT AND TRADE SECRETS . . . . . .    21
     20    TERMINATION. . . . . . . . . . . . . . . . . . .    21
     21    DISPUTE RESOLUTION . . . . . . . . . . . . . . .    22
     22    NOTICE AND REPRESENTATIVES OF THE PARTIES. . . .    22
     23    MISCELLANEOUS. . . . . . . . . . . . . . . . . .    23
     24    INCORPORATION OF DOCUMENTS . . . . . . . . . . .    25
     25    DEFINITIONS. . . . . . . . . . . . . . . . . . .    25
     26    ENTIRE AGREEMENT . . . . . . . . . . . . . . . .    27

<PAGE>
                                  ATTACHMENTS
                                  -----------

ATTACHMENT  DESCRIPTION                                             PAGE
----------  ------------------------------------------------------  ----

         1    Field Trial Equipment And Software And Pricing . . .    29

         2    Field Trial Test Criteria. . . . . . . . . . . . . .    30

         3    Field Trial Equipment And Software Delivery Schedule    31

         4    Field Trial Support Services . . . . . . . . . . . .    32

         5    Project Schedule . . . . . . . . . . . . . . . . . .    33

         6    Prices For Products and Services . . . . . . . . . .    34

         7    Product Specifications . . . . . . . . . . . . . . .    37

         8    Product Life . . . . . . . . . . . . . . . . . . . .    38

         9    Maintenance and Support Services And Other Services.    39

        10    Calypso Equipment Training Classes . . . . . . . . .    43

        11    Warranty Period. . . . . . . . . . . . . . . . . . .    45

<PAGE>
     THIS PROCUREMENT AGREEMENT ("Agreement"), made effective as of this 6th day
                                  ---------
of  April,  2001  ("Effective  Date"),  by  and  between  Industrias  De
                    ---------------
Telecomunicaciones  Americanas  ATEL,  S.A.,  a  Costa  Rican entity, which is a
wholly-owned subsidiary of Calypso Wireless, Inc., having its principal place of
business  at Metropolitan Free Trade Zone, San Jose, Costa Rica ("Calypso"), and
                                                                  -------
China  Telecom  Changzhou Telecommunication Bureau (China Telecom) a corporation
of the People's Republic of China, having its principal place of business at No.
168  He  Ping South Road Changzhou, P.C. 213003, the People's Republic of China,
("Customer").
  --------

                                    RECITALS

     A.     Calypso  is  a  development  stage  company  that  has  developed  a
technology  for telecommunications systems and devices, and is a manufacturer of
next-generation  cellular  phones,  IP  wireless  phones  and  communications
equipment.

     B.     Customer  is  a  leading  telecommunications service provider in The
People's  Republic  of  China  ("P.R.C.")  offering  a  broad  range  of
                                 ------
telecommunications services to meet the increasing demand for telecommunications
services  in  the  P.R.C.

     C.     Customer  desires  to  deploy  commercially,  and Calypso desires to
supply,  Calypso  equipment  and  software in Customer's network contingent upon
such  equipment  and software performing in accordance with the Field Trial Test
Criteria  (as  defined  below).

                                    AGREEMENT

     NOW,  THEREFORE,  in  consideration  of  the  foregoing  premises  and  the
representations,  warranties,  covenants  and  agreements  herein contained, the
parties  agree  as  follows:

                                    ARTICLE 1

                       FIELD TRIAL EQUIPMENT AND SOFTWARE

     In order to enable Customer to conduct a field trial (the "Field Trial") of
                                                                -----------
Calypso's  wireless  pagers  and  cellular  phones,  Customer shall purchase the
Equipment  and license the Software from Calypso (the "Field Trial Equipment and
                                                       -------------------------
Software")  listed, and in the configuration set forth, in Attachment 1 attached
--------                                                   ------------
hereto and at the prices set forth below to enable Customer to conduct the Field
Trial  and  confirm that the Field Trial Equipment and Software fulfill the test
criteria  set  forth  in  Attachment  2  ("Field  Trial  Test Criteria"). If the
                          -------------    ---------------------------
Equipment  and  Software  meet  the Field Trial Test Criteria, the parties shall
proceed  expeditiously with the full deployment of the Equipment and Software in
accordance  with  the  terms  of  this  Agreement.

                                        1
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
     1.1     Price  and  Payment.
             -------------------

          1.1.1     Price.  The  price  (the "Field Trial Equipment and Software
                    -----                     ----------------------------------
Price") for the Field Trial Equipment and Software are set forth in Attachment 1
-----                                                               ------------
attached  hereto,  and  such prices do not include any kind of taxes whatsoever,
however  designated, which may be levied or assessed on the Products or Services
provided  hereunder.

          1.1.2.  Payment.  All  payments  by  Customer to Calypso for the Field
                  -------
Trial  Equipment  and Software shall be made in US Dollars, via wire transfer of
immediately  available funds to a bank account designated by Calypso, within 240
days  from the date of issuance of a commercial invoice by Calypso together with
copies of shipping documents for the Field Trial Equipment and Software. Payment
for  Field Trial Equipment and Software will be returned (in the form of product
credits)  once  Customer has bought Calypso products in excess of $50 million in
Calypso  Invoices.

          1.1.3     Return.  Should  the  Field Trial Equipment and Software not
                    ------
meet  the  Field Trial Test Criteria (Attachment 2) within 180 days after system
                                      ------------
turn-up, either party may elect to terminate the Field Trial upon written notice
to  the  other  party.  In the event of such termination, Customer will promptly
return  the Field Trial Equipment, Software and Handsets to Calypso at Calypso's
expense.  Upon  such  return,  Calypso  will repay the payments made by Customer
within  30  days  after  such  termination  of  the  Field  Trial.

     1.2     Delivery, and Shipment. Calypso shall deliver to Customer the Field
             ----------------------
Trial  Equipment  and  Software, FOB origin, in accordance with the delivery and
shipment  schedule  set forth in Attachment 3 attached hereto. Customer shall be
                                 ------------
responsible  for the payment of freight and insurance charges in connection with
the  shipping  of  the  Field  Trial  Equipment  and  Software.

     1.3     Installation.  Calypso  shall install the Field Trial Equipment and
             ------------
Software  at  the  Customer's  sites  specified by Customer prior to shipment to
enable  Customer  to  conduct  the  Field  Trial.

     1.4     Duration  of Field Trial. Customer will complete the Field Trial as
             ------------------------
soon  as  practicable  but, in any event, not later than 60 days after delivery,
installation and turn-up of the Field Trial Equipment and Software. If the Field
Trial  Equipment  and  Software  fulfill the Field Trial Test Criteria, Customer
will,  within  30  days thereafter, commence deployment of Calypso Equipment and
Software  in  Customer's  network  pursuant  to Article 2. Customer shall notify
Calypso  in  writing  that  the Field Test Equipment and Software meet the Field
Trial  Test  Criteria  within five days after the completion of the Field Trial.

     1.5     Permits  and  Licenses.
             ----------------------

          1.5.1     Customer,  at  its  own  cost,  shall  be  responsible  for
obtaining  all  permits,  licenses,  consents  and  authorizations (collectively
"Licenses")  that may be required to be obtained from any governmental entity in
---------
any  applicable jurisdiction in connection with

                                        2
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
the  sale,  purchase,  importation,  installation,  testing,  licensing, use and
operation  of  the  Field  Test  Equipment  and Software, and for any subsequent
Purchase  Order  of  Equipment  and Services and license of Software, including,
without  limitation,  all permits, licenses, consents, and authorizations of any
product  or sales or licensing agreement that may be required by the Ministry of
Information  Industry  ("MII"),  the  Ministry  of  Foreign  Trade  and Economic
                         ---
Cooperation  ("MOFTEC"),  the  State  Radio  Regulatory Commission ("SRRC"), the
               ------                                                ----
General  Administration  of  Customs ("Customs"), or other relevant authority of
                                       -------
the  PRC.

     1.6     Support Services During, Field Trial. Calypso shall assist Customer
             ------------------------------------
in  the  installation,  turn-up and Field Trial of the Field Trial Equipment and
Software  in  accordance  with  the  list  of Services set forth in Attachment 4
                                                                    ------------
attached  hereto.

                                    ARTICLE 2

          SCOPE; VOLUME DEPLOYMENT; AND MINIMUM DEPLOYMENT CONINIITMENT

     2.1     Scope.  Upon  the  successful  completion  of  the  Field  Trial:
             -----

          2.1.1     Calypso's Obligations. During the Term, in accordance with a
                    ---------------------
Purchase  Order  for  Equipment,  and/or  Services  and  the  supply of Licensed
Software,  which  has  been  accepted  by  Calypso,  and upon its receipt of all
Licenses,  Calypso  shall:

               (a)     engineer,  deliver,  install  (or  have  installed)  the
Equipment  for use in the Province of Changzhou in the P.R.C. in accordance with
the  intervals  given  in  the  sample  Project Schedule set out in Attachment 5
                                                                    ------------
hereof  ("Project  Schedule"),  or  as otherwise agreed to in a specific Project
          -----------------
Schedule  proposed  by  Customer  and  agreed  to  by  Calypso.

               (b)     grant  to  Customer  a  nonexclusive  license  to use all
Software  associated  with  and integral to, the Equipment purchased by Customer
hereunder,  which  license  shall  continue  beyond the Term, in accordance with
Article  9  hereof;

               (c)     carry out the installation of Equipment at the applicable
Installation  Site  substantially  in  accordance  with  the  applicable Project
Schedule  and  in  accordance  with  the  relevant  Purchase  Orders;

               (d)     sublicense  Third  Party Software to Customer, including,
subject,  to such third party vendor's then current applicable terms, conditions
and  specifications;  and

               (e)     provide  specific  support  as  purchased  by  Customer
hereunder.

          2.1.2     Customer's  Obligations. During the Term, in accordance with
                    -----------------------
a  Purchase  Order for Equipment and/or Services, and license of Software, which
has  been  accepted  by  Calypso,  Customer  shall:

                                        3
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
               (a)     Purchase Equipment and/or Services and license the use of
the  Licensed  Software  in  accordance  with  the  terms  of  this  Agreement;

               (b)     Perform Customer's duties as set forth in this Agreement;

               (c)     Ensure  that  only  qualified  technicians  perform  any
maintenance  and/or  repair  to  the Equipment during the Warranty Period, which
maintenance  and/or  repair  shall  be  confined  to  routine tasks performed in
accordance  with  Calypso  provided  Documentation;

               (d)     Procure  any necessary License required of the parties in
connection  with  the  performance  of  the  parties'  respective  obligations
hereunder;

               (e)     Ensure  the  operation  of each System, the Equipment and
Software  is  in full compliance with the applicable laws, rules and regulations
of  the  various  governmental bodies which have jurisdiction and, in connection
therewith, Customer hereby represents and warrants that it is fully informed and
knowledgeable  about  the  applicable communications and regulatory laws and all
other  applicable  laws;  and

               (f)     Not  unreasonably  withhold  Acceptance.

     2.2     Minimum  Deployment  Commitment.  Upon the successful completion of
             -------------------------------
the Field Trial, Customer shall purchase the Equipment, and license the Licensed
Software,  from  Calypso and deploy Calypso Equipment and Software in quantities
and  in  configurations  having  a  price  in the aggregate of at least U.S.$500
million  (the  "Minimum Deployment Commitment"), U.S. $135 million of which (the
                -----------------------------
"First  Year  Deployment Commitment") must be ordered within 12 months after the
 ----------------------------------
successful  completion  of the Field Trial, in each case based on the prices set
forth  in  Attachment  6 attached hereto, as such prices may change from time to
           -------------
time  in  accordance  with  the  terms  hereof  and  of  each  Purchase  Order.

     2.3     Forecasts;  Project  Schedule.
             -----------------------------

          2.3.1     Quantity  Forecast. Notwithstanding the Project Schedule, as
                    ------------------
such  may  be amended from time to time, by the fifth business day of each month
(the  month hereafter being "M"), Customer will provide to Calypso a non-binding
                             -
ten-month  rolling  forecast  (the  "Rolling  Forecast")  of  deliveries for the
                                     -----------------
ten-month  period commencing at the beginning of the third-month after the month
in  which the forecast is made the Rolling Forecast (M+3 through M+12) will show
the  quantity  of  each  Equipment by product code which Customer anticipates it
will  need  to  be  delivered  during  the  specified  month.

          2.3.2     Initial Rolling Forecast; Capacity. Notwithstanding anything
                    ----------------------------------
to  the contrary contained herein, the parties shall discuss the initial Project
Schedule  and  Initial  Rolling  Forecast  issued under this Agreement to better
anticipate  Equipment  and  Software  requirements  and  availability.

     2.4     Purchase  Orders.  During the Term of this Agreement, Customer will
             ----------------

                                        4
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
issue Purchase Orders specifying the Equipment and Software ordered by Customer,
the  delivery  site  or  sites  ("Installation  Site[s]")  for the Equipment and
                                  ---------------------
Software  and  the  proposed  delivery  schedule.

          2.4.1  Notwithstanding  that  a  Purchase  Order may not refer to this
Agreement,  any  Purchase  Order for Equipment and/or Services issued during the
Term  of  this  Agreement  shall  be deemed to have been issued pursuant to this
Agreement  and  shall be governed by the terms and conditions of this Agreement,
unless  the  parties  expressly agree to the contrary in writing (duly signed by
authorized  representatives  of  both parties). Customer hereby expressly agrees
that  except  for  non-conflicting  administrative  terms as provided below, any
additional  or  preprinted terms or conditions on the applicable Purchase Order,
shall  be  null,  void and of no effect. Each such Purchase Order shall specify:

               (a)     The description of the ordered Equipment and/or Services,
including  any  identification  referenced  in the price list herein attached as
Attachment  6;
-------------

               (b)     Requested place and date of delivery as previously agreed
by  Calypso;

               (c)     Applicable  Price  for  the  ordered  Equipment  and/or
Services  as set forth in Attachment 6 or as may be separately quoted by Calypso
                          ------------
from  time  to  time;

               (d)     Prices  for  Equipment engineering and installation to be
quoted  by  Calypso,  together  with  a mutually agreed installation and turn-up
schedule;

               (e)     Installation  Site(s)  where  applicable;

               (f)     Other  appropriate  information  as  may  be  required by
Calypso  necessary  to  fill  the  Purchase  Order;  and

               (g)     Location  to  which  the  applicable  invoice  shall  be
rendered  for  payment.

     2.5     Price.  Subject  to:
             -----

          2.5.1     As  set  forth  in Attachment 6, the price ("Price") for any
                                       ------------              -----
Equipment  and/or  Services (as such Prices may be adjusted by Calypso from time
to  time  to  reflect  market  conditions) shall consist of (i) the Price of the
Minimum  Deployment Commitment Purchase Order or any subsequent Purchase Orders;
(ii)  unit  list Prices for Equipment and/or Services; (iii) license fees to use
the  Software  associated with such Equipment; and (iv) for Third Party Software
and  Services,  the  Prices  as  may  be  quoted  by  Calypso from time to time.

          2.5.2 Unless otherwise specified, the Prices set forth in Attachment 6
                                                                    ------------
are  exclusive  of  Calypso's  charges  for  any  Services associated therewith.

                                        5
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
          2.5.3     The Prices for Products and Services set forth in Attachment
                                                                      ----------
6  attached  hereto,  such  prices  do not include any kind of taxes whatsoever,
-
however  designated, which may be levied or assessed on the Products or Services
which  shall  be  the  responsibility  of  Customer  pursuant  to Section 2.6.4.

          2.5.4     The  Prices  may be adjusted by Calypso from time to time to
reflect market conditions. Calypso shall notify Customer of any Price adjustment
within  60  days  of  the  effective  date  of such adjustment.  If price of any
Calypso  product is increased such that the Customer is unable to sell or market
the  Calypso  product,  Customer  is  not  obligated  to  purchase such product.

     2.6     Payment. With respect to payment for Purchase Orders for Equipment,
             -------
Customer  shall pay Calypso the Price in accordance with the following schedule:

          2.6.1     Customer  will remit payment to Calypso for invoiced amounts
within  thirty  (30)  days  from the date of issuance of a commercial invoice by
Calypso  together  with  copies of shipping documents, which will be issued upon
shipment  of  the  Product  or  completion  of  Services,  as  applicable.

          2.6.2     Any additional monies that become due to Calypso (including,
without  limitation,  Merchandise order, freight, such items as are described in
Section  2.6.5,  Software Release license fees described in Article 9, Equipment
--------------
purchases  wherein  installation  is  not  provided  by  Calypso, or Third Party
Equipment  or  Third Party Software not part of the original System order) shall
be invoiced one hundred percent (100%) upon shipment or, in the case of Software
Release  license  fees, upon implementation of such Software Release. Incidental
and/or  additional  Services  not included under Section 2.5.1 shall be invoiced
monthly  as performed or upon completion, whichever occurs first. In the case of
a  phased  Installation, or if portions of an Installation are delayed due to no
fault  of  Calypso,  Calypso  may  invoice on a per Installation Site basis upon
completion  of  the  applicable  milestone  event.

          2.6.3     Customer  shall pay all amounts invoiced by Calypso pursuant
to  this  Section 2.6 within thirty (30) days from the date of Calypso's invoice
therefor.  All  past  due  amounts (collectively, "Past Due Amounts") shall bear
                                                   ----------------
interest  at the rate of one and one percent (1%) per month (or such lesser rate
as may be the maximum permissible rate under applicable law), beginning with the
date  on  which  the  applicable  Past  Due  Amount  was  due  and  payable.

          2.6.4     Customer  shall  promptly reimburse and/or pay Calypso, upon
demand,  or  shall  pay directly, if so requested by Calypso, all taxes, levies,
import  and  export  duties  or  imposts  and charges (collectively, "Duties and
                                                                      ----------
Taxes")  including,  without  limitation,  penalty  and interest, imposed by any
-----
governmental  or taxing authority, relating to the purchase, license, ownership,
possession,  use,  operation  or  relocation  of Equipment, Software or Services
provided by Calypso under this Agreement, excluding, however, all taxes computed
upon  the  net  income  of  Calypso. To the extent Calypso is required by law to
collect  such  taxes,  one  hundred  percent  (100%)  thereof  shall be added to
invoices  as  separately  stated

                                        6
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
charges  and paid in full by Customer, unless Customer is exempt from such taxes
and  furnishes  Calypso  with  a  certificate  of exemption in a form reasonably
acceptable  to  Calypso  prior  to issuance of such invoice. Customer shall hold
Calypso harmless from any and all claims levied by a proper taxing authority for
such  taxes, including any interest, penalties or late charges due to Customer's
failure  to  perform  hereunder. Customer's obligations pursuant to this Section
2.6.4  shall  survive  expiration  or  a  termination  of  this  Agreement.

          2.6.5     Prior  to  payment  in  full of the Price and all additional
monies  due to Calypso without written permission of Calypso, Customer shall not
sell  or  lease  Equipment  purchased  by  it,  or assign any license to use the
Licensed  Software,  or  allow  any  liens or encumbrances to attach to any such
Equipment,  or  remove such Equipment or Licensed Software from the Installation
Site  (if  applicable).

          2.6.6     Calypso  reserves the right to require reasonable assurances
of  payment  by  Customer  as  a condition to accepting certain Purchase Orders.
Calypso may, from time to time, evaluate Customer's credit standing, and on that
basis,  establish  a credit limit to accommodate Customer's issuance of Purchase
Orders  as  herein  provided.  Customer  shall provide any reasonable assistance
requested  by  Calypso  necessary  for  Calypso  to  make  such  evaluation.

     2.7     Delivery,  Risk  of  Loss;  Title.
             ---------------------------------

          2.7.1  Equipment  shall be priced and shipped F.O.B place of shipment.
Calypso  may  from  time  to  time,  pre-pay  freight  charges from the place of
shipment  and  invoice such charges back to Customer. Equipment shall be shipped
to  the Installation Site(s). Software shall be shipped to Customer's designated
delivery  location  (i.e.,  a  staging  center  of  warehouse).

     Customer  shall  be  responsible  for  the  coordination  of  all  delivery
arrangements  required  to  comply with Project Schedule and/or Rolling Forecast
dates  and  for freight and handling charges from Customer's designated delivery
location  to  the  Installation  Sites.

          2.7.2  Title  and risk of loss or damage to any Equipment furnished by
Calypso  to Customer in accordance with this Agreement shall pass to Customer at
the  point  and  on the date of shipment. Calypso warrants to Customer that such
title  shall  be  good  and  clear  title,  free  and  clear  of  all  liens and
encumbrances. The foregoing notwithstanding, title to Software shall not pass to
Customer  at  any  time.

          2.7.3  Not  later than thirty (30) days prior to the earliest shipment
date  relating  to  any  of  the items covered by the applicable Purchase Order,
Customer  may notify Calypso that Customer (i) does not wish to receive shipment
of  any  Equipment  on  the  date set forth in such Purchase Order, or (ii) that
Customer's  facilities  are  not prepared in sufficient time for Calypso to make
delivery  pursuant  to  the  date set forth in the applicable Purchase Order. In
such  case  Calypso  shall have the right to place such Equipment in storage and
Customer  shall be liable for all additional transportation, demurrage, loading,
storage,  and  associated  costs  thereby  incurred  by Calypso. The shipment of
Equipment  to  a  storage  location  as  provided in

                                        7
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
this  Section  2.6.2 shall be deemed to constitute shipment of the Equipment for
purposes  of  invoicing,  passage of title and risk of loss, and commencement of
the  Warranty  Period.

     2.8     Spare  Kits.  Customer  will  purchase  on-site installation spares
             -----------
parts  and  components  of  the  Equipment  ("Spares Kits" or "Kits") reasonably
                                              -----------      ----
designated  by Calypso and agreed upon by Calypso and Customer from time to dine
as  the quantity necessary to enable Calypso to provide the warranty and support
services  required by this Agreement. The quantity and locations of the Kits may
change  with installation requirements and changes in the topology of Customer's
network.

                                    ARTICLE 3

                                   ACCEPTANCE

     3.1     Customer  will  have  10  days  after  receipt  of the Equipment to
perform  Acceptance Tests to Accept the Equipment and confirm that the Equipment
complies  with  its  applicable technical requirements set forth in Attachment 7
                                                                    ------------
attached  hereto ("Product Specifications"). Customer shall accept the Equipment
                   ----------------------
pursuant  to  written  communication  to  Calypso within such 10 day period, and
Customer  shall  not  unreasonably withhold Acceptance. Unless Customer notifies
Calypso  within  such  10  day period of any defects in such Equipment, Customer
will  be  deemed  to  have  accepted  the  Equipment.

     3.2     Calypso will notify Customer promptly upon learning of any material
defects  in  any  of  the  Equipment.

     3.3     Maintenance  and  Support.
             -------------------------

          3.3.1     Calypso  will provide support for all Equipment and Software
and  for its expected useful life, as set forth in Attachment 8 ("Product Life")
                                                   ------------   ------------
in  accordance  with  the  terms  and  conditions  set  forth  in  Attachment 9.
                                                                   ------------

          3.3.2     If Calypso discontinues manufacture and/or support of any of
its  Equipment,  Calypso will, at Customer's request, deliver to Customer all of
the technical information owned and possessed by Calypso relating to the service
and/or support of the Equipment, in the form being used in Calypso's service and
support  centers  in its day-to-day operations of service. Customer may use such
technical information only to service and support its existing Equipment then in
use  and  used  by its subscribers. Title to Calypso's technical information and
intellectual  property  rights  will  remain  with  Calypso.

                                    ARTICLE 4

                                      TERM

     Subject  to the terms and conditions of this Agreement, the initial term of
this  Agreement  shall  be three (3) years from the successful completion of the
Field  Trial  ("Initial Term"). This Agreement will be automatically renewed for
                ------------
successive one-year terms

                                        8
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
(without  any  Minimum  Deployment  Commitment  pursuant  to  Section 2.2 unless
otherwise agreed by the parties) unless either party gives notice of non-renewal
at  least 90 days before the expiration of the Initial Term or any renewal term.
The  Initial Term in combination with any extensions is also referred to in this
Agreement  as  the  "Term".
                     ----

                                    ARTICLE 5

                            DOCUMENTATION AND REPORTS

     5.1     Calypso  will  provide  to  Customer,  one  electronic  copy of the
Documentation  necessary  to  operate  and  maintain  the Equipment and Software
provided  hereunder  for  each  Installation  Site  at  which  such Equipment is
installed.  Calypso  will  provide  Customer  with:

     (a)     updates  to  the  Documentation, as such updates are made generally
available;  and

     (b)     new  and/or  revised  data  incorporating  any  to the Equipment or
Software  which  affect  form,  fit,  or function, in each case at no additional
charge  to  Customer.  Such  Documentation may be reproduced by Customer for its
internal use, provided that any copyright notice of such Documentation is copied
as  well.  Soft  copies  of such Documentation will be available upon Customer's
request. Such Documentation will be used solely for Customer's internal use only
on  a  need-to-know  and  need-to-use  basis.

                                    ARTICLE 6

                            DELIVERY AND INSTALLATION

     6.1     Calypso  will mark each shipment to Customer with Calypso name, the
Purchase  Order  number,  and  the  identity  and  quantity of Equipment.  Final
destination,  interim  staging area or any special shipping instructions and any
applicable  charge  will  be  specified  on  each  Purchase  Order.

     6.2     Calypso  will  perform  installation  services  for the Products at
Calypso then standard rates for such services and on terms and conditions agreed
by  the  parties.

                                    ARTICLE 7

                                  FORCE MAJEURE

     In  the  performance  of this Agreement, or of any obligation hereunder, is
prevented, restricted or interfered with by reason of fires, breakdown of plant,
labor  disputes,  embargoes,  government  ordinances  or  requirements, civil or
military  authorities,  acts of God or of the public enemy, acts or omissions of
carriers, inability to obtain necessary materials or services from suppliers, or
other  causes  beyond  the  reasonable control of the party whose performance is
affected,  then the party affected upon giving prompt notice to the other party,
as  set  forth  in  Article  22  shall  be  excused  from  such performance on a
day-for-day basis to the extent of such prevention, restriction, or interference
(and  the  other  party  shall  likewise  be  excused  from  performance  of its
obligations on a day-for-day basis to

                                        9
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
the  extent  such  party's  obligations  relate to the performance so prevented,
restricted  or  interfered  with); provided that the party so affected shall use
reasonable  efforts  to  avoid  or remove such causes of nonperformance and both
parties  shall  proceed to perform their obligations with dispatch whenever such
causes  are  removed  or  cease.

                                    ARTICLE 8

                                    TRAINING

     8.1     Initial  Training.  Calypso  shall  provide,  at Calypso's cost and
             -----------------
expense,  one  initial  training course and training material for 10 individuals
who  are  employees  of  Customer (the "Initial Training"). The Initial Training
                                        ----------------
course  shall  take  place  at  a  site  to be selected by Customer. The Initial
Training course shall cover the subjects that are necessary to enable Customer's
personnel  to  install,  operate  and  maintain the Equipment and Software asset
forth  in  Attachment  10.
           --------------

     8.2     On-Going Training. Calypso will provide, upon Customer's reasonable
             -----------------
request and at the time or times reasonably required by Customer during the Term
of  this  Agreement,  training  classes  and  training  materials  for  Customer
personnel  at  Customer's sole cost and expense. Training will take place at the
Installation  Sites.  The  training  programs  necessary  for full installation,
operation  and  maintenance of the Calypso Equipment and Software are summarized
in  Attachment  10  ("Calypso  Training")  which  shall  be subject to change by
    --------------    -----------------
Calypso  from  time  to  time to reflect updates to the training methodology and
courses.  Such  training  will  be kept current to encompass the latest Software
Releases  and  Equipment,  or any other Software revision level and/or Equipment
revision  level  directed  by Customer. Subject to the foregoing, course content
and  material  will  be  designed and agreed to by mutual consent. Customer will
have  the  right  to copy Calypso's training materials for its internal use only
provided  that any copyright notice included in such material is copied as well.
Courses  will  be  limited  to  a  maximum  often  (10) attendees in each course
session.

     8.3     Certification. Calypso will certify attendees upon their successful
             -------------
completion  of  the course. Such course content and materials may be tailored or
customized  by  Customer  for  its  internal  use  only.

                                    ARTICLE 9

                                SOFTWARE LICENSE

     9.1     Subject to payment of any and all Purchase Orders for Equipment and
Services purchased by Customer hereunder, Calypso grants to Customer a perpetual
(subject  to  termination  pursuant  to  the terms of this Agreement), personal,
nontransferable (except as provided in this Agreement), and nonexclusive license
(or, with respect to the Third Party Software, a sublicense) to use the Licensed
Software and its related Documentation provided by Calypso pursuant to the terms
of this Agreement. Use of the Licensed Software is

                                       10
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
restricted  to  all  the  Network  Elements  or  the  designated  equipment,  as
applicable  ("Designated  Equipment") set forth on Customer's Purchase Order(s).
              ---------------------
The license grants Customer only a right to use and Customer will not sublicense
such  Licensed  Software, or modify, decompile, or disassemble Licensed Software
furnished  object  code  to generate corresponding Source Code. Customer and its
customers  will  be  entitled to modify only the user-controlled features of the
Licensed  Software as provided for in the relaxed Documentation. With respect to
any  Third  Party  Software,  in  addition  to  the terms and conditions herein,
Customer  will  abide by the applicable terms and conditions of such Third Party
Software.

     9.2     All  Licensed  Software  (whether  or not part of firmware) and its
related  documentation  furnished  by  Calypso,  and  all copies thereof made by
Customer, including translations, compilations, and partial copies, are and will
remain  the  exclusive property of Calypso and its licensors. Customer will hold
such  Licensed Software and related documentation in strict confidence, and will
not,  without Calypso's prior written consent, disclose, provide, provide access
to,  or  otherwise make available, in whole or in part, any Licensed Software or
related  documentation  including  any  description  of  the  Calypso Management
Information  Data Base (CMIDB) sections of the Software to anyone, except to its
employees,  and  those  agents  and  subcontractors  that are not competitors of
Calypso  having  a  need-to-know  for  purposes  of operating or maintaining the
related  Equipment  and  Software,  and  except  to  its customers to the extent
necessary  to  permit them to utilize customer-controlled features in accordance
with  the  applicable  Documentation. Such availability shall be limited to only
those  portions of the Software and its related documentation for which there is
a  need-to-know  for  purposes of operating or maintaining the related Equipment
and  Software.  All  persons  to whom the Software and relative documentation is
made available shall have agreed in writing to obligations of confidentiality at
least  as  protective  as  those  set  forth  herein. Customer shall maintain an
accurate and complete list of all persons having access to the Licensed Software
and  its related documentation and shall maintain a log of persons accessing the
Licensed  Software  and  its related documentation and the nature of the access,
e.g.,  edit, view, copy, etc. Customer shall provide Calypso with prompt written
notice  of  any  unauthorized  use  of  the  Licensed  Software  and its related
documentation  and  fully  cooperate  with  Calypso  in  enforcing  Calypso's
proprietary rights in the Software and its related documentation. Customer shall
not,  and  shall  not permit any other person to copy, duplicate, modify, alter,
enhance,  revise, summarize, or prepare derivative works from any portion of the
CMIDB  sections  of  the  Software.  Customer will not copy Software embodied in
firmware,  Customer  will  not  make any copies of any other Software or related
documentation  except as necessary for maintaining archival copies in accordance
with  Customer's  customary practices. Such archival copies shall be stored in a
locked  and,  secured container. Customer will reproduce and include any Calypso
copyright  and  proprietary  notice on all such necessary copies of the Software
and  its  related  documentation.  Customer  will  take  appropriate  action, by
instruction,  agreement,  or otherwise, with the persons permitted access to the
Software  and related documentation to enable Customer to satisfy its obligation
under  this  Agreement.

     9.3     When the Software and related documentation are no longer needed by
Customer,  or  if  Customer's  license  is canceled or terminated, Customer will
return  sill  copies

                                       11
<PAGE>
of  such  Software  and  related  documentation  to  Calypso  or  follow written
disposition  instructions  provided  by  Calypso.

     9.4  Subject  to Calypso's approval, Customer may transfer its right-to-use
Software  furnished  under  this  Agreement without the payment of an additional
right-to-use  fee  by  third  party transferee, except for additional fees which
would have applicable to Customer with respect to usage sensitive factors (e.g.,
feature  pricing  based  on  activation level). Such transfer can be made to end
user  for  their own internal use, but not to any competitor of Calypso and only
under  the  following  conditions:

          (a)     Such Software will be used only within The Peoples Republic of
China  or  any other countries for which such Software may be licensed from time
to  time  under  the  terms  of  this  Agreement.

          (b)     The  right  to  use  such  Software  may  be  transferred only
together  with  the  Designated Equipment with which Customer has a right to use
such Software, as long as such transfer of the Designated Equipment is permitted
pursuant to Section 14.3, and such right to use the Software will continue to be
limited  to  use  with  such  Designated  Equipment;

          (c)     Before  any  such  Software will be transferred, Customer will
notify Calypso in writing of such intended transfer and the transferee will have
agreed  in  writing  (a  copy  of  which will be provided to Calypso before such
transfer)  to  the  terms  of  this  Agreement  and  any  amendments  thereto.

     9.5     Subject  to  Section  11.2, upon advance written notice to Calypso,
Customer  may  physically  transfer  Software  or optional feature packages, for
which  Customer  has  the  right  to  use,  from  one Customer-owned workstation
computer  and  relocate  them  to  another  Customer-owned workstation computer,
provided  that  (a)  the  Equipment from which the Software has been transferred
will  cease  to  be  Designated  Equipment for such transferred Software and the
workstation to which the Software has been transferred will thereafter be deemed
to  be  the  Designated  Equipment,  and  (b)  the Software delivered by Calypso
pursuant  to  a Purchase Order will not be resident at any time on more than the
total number of items of Designated Equipment for such Software set forth on the
applicable  Purchase  Order.  Customer  will  not  be required to pay additional
right-to-use  fees  as  a  result  of  such  relocation.

                                       12
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                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 10

                             SOFTWARE MODIFICATIONS

     10.1  Calypso will furnish to Customer preliminary planning information and
documentation  for  new  releases  of the Software (each, a "Software Release").
                                                             ----------------
Such  information  will  be  provided  at  no  charge to Customer. New generally
available  releases of the Software may be licensed by Customer at no charge and
to the extent such releases are included in the Maintenance and Support Services
then  in  effect  pursuant  to  the  terms  of  this  Agreement.

                                   ARTICLE 11

                             EQUIPMENT MODIFICATIONS

     11.1     Prior  to  shipment,  Calypso  may  at  any  time  make changes in
Equipment  or  modify  the  drawings  and  specifications  relating  thereto  or
substitute  Equipment  of  later  design, provided the changes, modifications or
substitutions  under  normal  and  proper  use  do  not impact upon form, fit or
function  of  the  ordered  Equipment  or  materially  adversely affect the use,
function,  or  performance  of  the  ordered  Software. With respect to changes,
modifications,  and  substitutions  which affect the form, fit, function, use or
performance  of an ordered Equipment. Calypso will notify Customer in writing 90
days prior to their effective dates. In the event any such change is not desired
by Customer, Customer will notify Calypso within 30 days from the date of notice
and  Calypso  will  not  furnish  any  such changed Equipment to Customer on any
orders  in  process  at  the  time  Calypso  is  so  notified.

     Calypso  may discontinue any Equipment or Software Release if Calypso gives
Customer at least one year's notice thereof. In such event, Calypso will provide
Customer  with a suggested replacement at the same time for the remainder of the
term  of  this  Agreement.  Customer  will  have  the  right  to  substitute the
replacement  product  for  the  Equipment under this Agreement, at a price to be
negotiated  by  the  parties.  If  Customer  elects  not  to  use  the suggested
replacement product, Calypso will offer Customer a one-year period beginning the
day  of  the notice of discontinuance within which Customer can place orders for
the  discontinued  Equipment.  Customer  may  give  a  last order ("One Time Buy
                                                                    ------------
Order")  immediately  prior to the end of the six-month period. The One Time Buy
Order  is  non-cancelable.  non-reschedulable  and  non-returnable;  except  as
otherwise  provided  in  this  Agreement. Products ordered with the One Time Buy
Order  will  be delivered to Customer as requested by Customer but no later than
one  year  alter  the  notice  of  discontinuance.

11.2     Class  Changes.
         --------------

          (a)     After  Calypso  Equipment  has  been  shipped  to Customer, if
Calypso  issues  a  Class  A  Change or Class B Change, or where modification to
correct  an  error  in  Documentation is to be introduced, Calypso will promptly
notify  Customer  of  such  change  through  Calypso's  designated  notification
procedure  ("Change  Notification"). Calypso will
             --------------------

                                       13
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
promptly  provide,  or cause the respective manufacturer to provide, to Customer
any  changes  comparable  to  Class A and Class B Changes to the extent they are
made available by manufacturers with respect to Vendor Items sold to Customer by
Calypso;  it  being  understood  that the respective manufacturers of the Vendor
Items may not provide such changes for the same period of time for which Calypso
is  obligated  to  provide  Class  A  and  Class  B  changes.

          (b)     Calypso  will,  at  its  expense,  furnish  the  parts  and
documentation  necessary  for Customer to implement such Class A Change if it is
issued  within  the  Product  Life  for  the  applicable  Product.

          (c)     In  any of the instances above, if Calypso determines that the
Equipment  or  part  thereof  subject to such change is readily returnable (e.g.
plug-in  items),  Customer,  at  its  expense,  will remove and will return such
Equipment  or  part  to  Calypso's  facility  and  Calypso, at its expense, will
implement  such change at its facility and return such changed Equipment or part
to  Customer's designated location. Reinstallation will be performed by Customer
at  its  expense.

          (d)     Calypso's  undertaking  under  this Article 11 with respect to
Vendor  Items is limited to the extent changes comparable to Class A Changes are
provided  by  the  respective  manufacturers  of  Vendor  Items.

          (e)     If  Customer does not make or permit Calypso to make a Class A
Change  Notification  within  one  (1) year alter the date of the related Change
Notification,  or  a  Class  B Change within two (2) years alter the date of the
related  Change  Notification,  subsequent  changes,  repairs,  or  replacements
affected by the failure to make such change  may, at Calypso's option, be billed
to  Customer  whether  or  not such subsequent change, repair, or replacement is
covered  under  warranty.

          (f)     If  Calypso  or  any  applicable manufacturer of a Vendor Item
issues  a Class B Change (or comparable change in the case of such manufacturer)
after  Equipment  has  been  shipped  to  Customer, Calypso will promptly notify
Customer if such change if it is being generally offered to Calypso's customers.
When  a  Class  B  Change is requested by Customer, billing will be at Calypso's
applicable  prices  or  the  respective  manufacturer's  then  current prices to
Calypso  as  the case may be. Notwithstanding the above, there will be no charge
for  any  Class B Change (or, in the case of a Vendor Item, a comparable change)
if such change is included in the Maintenance or Support Services then in effect
pursuant  to  the  terms  of  this  Agreement.

     11.3     Calypso reserves the right to discontinue any Equipment under this
Agreement  if Customer has not ordered any of that Equipment for two consecutive
years.  Calypso  will  provide  a minimum of 90 days' prior notice for Equipment
being  discontinued.

     11.4     Calypso  reserves  the  right  to  develop, manufacture and market
Equipment  incorporating  new  features,  functionality,  or  performance
characteristics  identified  as  a  result

                                       14
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
of  its  relationship  with  Customer. Customer acknowledges that such Equipment
will  be  the  sole  and  exclusive  property  of  Calypso.

                                   ARTICLE 12

                             PROPRIETARY INFORMATION

     12.1     Each  party  acknowledges  the  other  party's  ownership of trade
secrets,  proprietary  or confidential information, including but not limited to
products,  planned  products  services  or  planned services, the identity of or
information  concerning  customers  or  prospective  customers,  data, financial
information,  computer  software,  processes,  methods,  knowledge,  inventions,
ideas,  marketing  promotions,  discoveries,  inventions,  patents,  copyrights,
marks,  current or planned activities, research development or other information
relating to the other party's business activities or operations and those of its
customers  or  subcontractors,  as  well  as  the  pricing  and  other terms and
conditions  of  this  Agreement  (collectively  referred  to  hereinafter as the
"Proprietary  Information").
 ------------------------

     12.2     (a)  This  Agreement  creates  a confidential relationship between
Customer  and  Calypso  and,  in  the  course  of,  negotiating  performing this
Agreement, including providing Equipment and licensing software pursuant to this
Agreement,  the  disclosing  party  may  disclose Proprietary information to the
receiving  party.  The  receiving  party  will  keep  Proprietary  information
confidential  and,  except  as  directed  or  authorized  in  writing,  will use
Proprietary  Information  only  to provide, the Equipment, Software and services
pursuant  to  this  Agreement  and  will  not  disclose to any person or entity,
directly  or  indirectly,  in  whole  or  in  part, any Proprietary Information,
information  prepared  from  Proprietary  Information, or information that comes
into  possession  by  reason of services hereunder. Dissemination of Proprietary
Information  will  be  limited  to  the  personnel  within the receiving party's
organization  with  a need to know and solely for the purpose of the performance
of  duties hereunder. Upon cessation of work hereunder, the receiving party will
return  or  destroy  and certify to the disclosing party such destruction of all
documents,  papers  and other materials in its control that contain or relate to
Proprietary  Information.  To the extent practicable all proprietary information
disclosed  to  the  receiving  party  will be promptly identified as such by the
disclosing  party  in  writing.

          (b)     The  receiving  party will protect the Proprietary Information
from  unauthorized  use or disclosure by exercising the same degree of care that
it  uses  with  respect to Information of its own of a similar nature, but in no
event  less  than  reasonable  care.

     12.3  Customer  acknowledges  and  agrees  that  the Equipment and Software
constitute  and  embody  the valuable trade secrets and intellectual property of
Calypso  developed at great expense to Calypso. Customer may not sell, assign or
otherwise transfer any of the Equipment and Software to a third party other than
a  telecommunications  carrier  for  its  own  internal  use  in  providing
telecommunication  services,  without  the  prior  written  consent  of Calypso.
Customer  agrees that it would be reasonable for Calypso to withhold its consent
to  any  such  sale,  assignment  or  transfer of any Equipment or Software to a
company  involved  in

                                       15
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
the  development,  marketing,  distribution  or  sale  of  any products that are
competitive  with  the  Equipment  and  Software.

     12.4     Notwithstanding  anything  to  the  contrary  contained herein, no
information  will  be deemed Proprietary Information if the party receiving such
information  hereunder  or  any  of  its  Affiliates  ("Receiving  Party")  can
                                                        ----------------
demonstrate  that  such information: (a) is generally known to the public on the
date  of  disclosure of same or becomes generally known to the public after such
date  through  no  breach  of  this  Agreement  or  any  other  obligation  of
confidentiality; (b) is independently developed by the Receiving Party alter the
date of disclosure by employees without access to Proprietary Information of the
Disclosing  Party;  (c)  is approved for release by written authorization of the
Disclosing  Party,  but  only to the extent of and subject to such conditions as
may  be  imposed  in such written authorization; (d) is required by law, rule or
regulation, including requirements of the applicable securities exchanges, to be
disclosed,  but  only  to  the  extent  and  for  the  purposes of such required
disclosure  and  subject  to  Section 14.5; or (e) is disclosed in response to a
valid order of a court or other governmental body, but only to the extent of and
for  the  purposes  of  such  order  and  subject  to  Section  12.5.

     12.5     If  a  Receiving Party is or may be required by law or court order
to  disclose  any  Proprietary Information of a Disclosing Party, such Receiving
Party:  (a)  will  provide  to  such  Disclosing  Party immediate notice of such
possible  disclosure; and (b) will permit such Disclosing Party, at its expense,
to take all reasonable actions to eliminate such requirement of such disclosure,
to  limit  the  scope  of  same  and  to obtain protective orders to protect the
confidentiality  of such Proprietary Information, including, without limitation,
filing  motions  and  otherwise  making  appearances  before  the  court.

     12.6     The  provisions of this Article 12 will survive any termination or
expiration  of  this  Agreement.

                                   ARTICLE 13

               WARRANTIES AND WARRANTY EXCLUSIONS AND LIMITATIONS

     13.1     Warranty.
              ---------

          13.1.1  Calypso warrants that during the Warranty Period (as set forth
in  Attachment 11 attached hereto), the Equipment furnished under this Agreement
    -------------
shall be free from defects in material and workmanship, and shall conform to the
applicable portions of the Product Specifications. Any and all claims for breach
of  this warranty are conclusively deemed waived unless made during the Warranty
Period.  Performance  of  Calypso's  obligations  hereunder shall not extend the
Warranty  Period,  except  that  any  Equipment  repaired, replaced or corrected
during the warranty Period shall continue to be warranted for the balance of the
Warranty  Period.

          13.1.2 Services furnished by Calypso hereunder shall be performed in a
professional  and  workmanlike  manner.

                                       16
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
          13.1.3 Calypso's sole obligation and Customer's exclusive remedy under
this  warranty are limited to the replacement or repair, at Calypso's option, of
the  defective  Equipment  component,  or the correction of the faulty Services.
Such  replacement  Equipment  may  be new or reconditioned to perform as new, at
Calypso's  option. Customer shall be responsible for de-installation of any such
defective  Equipment and reinstallation of any replacement Equipment, as well as
risk  of  loss  and  damage and all transportation costs for defective Equipment
shipped  to  Calypso.  Calypso  shall  bear  the risk of loss and damage and all
transportation  costs  for  replacement  Equipment shipped to Customer. Title to
defective  or  replacement  Equipment  shall  pass  to  Calypso  or Customer, as
appropriate,  upon  receipt  thereof.

     13.2     Software  Warranty.  Calypso  warrants that, provided the Software
              -------------------
is  not  altered  by  Customer, and provided the Software is used in conjunction
with  the  Equipment  purchased under this Agreement and such Equipment has been
maintained  in accordance with Calypso's recommended maintenance procedures, the
Software  shall  function  during  the  Warranty  Period  without  defects which
materially  affect  Customer's  use of the software in accordance with Calypso's
specifications  for  the Software. In the event the Software fails to so perform
and  Customer's  use  of  the  Equipment is materially affected by such failure,
Customer's exclusive remedy under this warranty is to require Calypso to correct
such  failure  and  such  remedy is conditioned upon Calypso's receiving written
notice within the Warranty Period (or oral notice promptly confirmed in writing)
of  such  failure.  The  correction of any Software failure shall not extend the
Software  Warranty  Period.

     13.3     Response  Services/Time.
              -----------------------

          13.3.1  During  the  Warranty  Period,  Calypso's technical assistance
service  ("TAS")  department  shall  provide  reasonable  assistance  in  the
           ---
investigation  and  resolution  of  service-affecting warranty defects.  If such
assistance  is  requested  by  Customer,  Customer  agrees  to  follow Calypso's
standard  policies  and  procedures  related to such TAS services. The Equipment
Warranty  Period  shall  include  TAS  only  to the extent that any TAS services
provided  under  the  warranty  also apply to Equipment operating in conjunction
with  the  applicable  System.  For routine warranty service situations, Calypso
shall  ship  replacement  or  repaired  Equipment  (or components thereof within
thirty  (30)  days of receipt of the defective Equipment (or components thereof)
from  Customer.

          13.3.2  For  emergency  warranty  service  situations,  Calypso shall,
during  the  Warranty  Period,  use  all  reasonable efforts to ship replacement
Equipment  (or components thereof) within twenty-four (24) hours of notification
of the warranty defect by Customer. Customer shall pay to Calypso the surcharges
for  such  expedited  shipment of replacement Equipment. Customer shall ship the
any  defective  Equipment  to  Calypso within thirty (30) days of receipt of the
replacement  Equipment.  In  the  event  Calypso fails to receive such defective
Equipment within such thirty (30) day period, Calypso shall invoice Customer for
the  replacement  Equipment  at  the  then-current  price  in  effect therefore.

     13.4     Third  Party  Equipment.
              -----------------------

                                       17
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                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
          13.4.1  Miscellaneous  Third  Party Equipment furnished in conjunction
with  the  Equipment,  shall  be  warranted  in  accordance  with  the Equipment
warranties  set  forth  in Section 13.1 and handled through Calypso's Repair and
Return  department.  With  respect to all other Third Party Equipment ordered by
Customer,  Third Party Equipment shall be warranted directly by such Third Party
vendors in accordance with their standard terms and conditions, including by way
of  example  and  not by limitation, such vendor's standard response time(s) and
procedure(s) for repair and return. Customer's sole and exclusive remedy against
Calypso  with  respect  to  Third Party Equipment provided under this Agreement.

     13.5     THE  WARRANTIES  AND  REMEDIES SET FORTH ABOVE CONSTITUTE THE ONLY
              ------------------------------------------------------------------
WARRANTIES  WITH  RESPECT  TO  THE EQUIPMENT, SOFTWARE AND SERVICES PROVIDED AND
--------------------------------------------------------------------------------
CUSTOMER'S  EXCLUSIVE  REMEDIES  IN THE EVENT SUCH WARRANTIES ARE BREACHED. THEY
--------------------------------------------------------------------------------
ARE  IN  LIEU  OF  ALL  OTHER  WARRANTIES WRITTEN OR ORAL, STATUTORY. EXPRESS OR
--------------------------------------------------------------------------------
IMPLIED,  INCLUDING  WITHOUT  LIMITATION THE WARRANTY OR MERCHANTABILITY AND THE
--------------------------------------------------------------------------------
WARRANTY  OF  FITNESS  FOR A PARTICULAR PURPOSE. CALYPSO SHALL NOT BE LIABLE FOR
--------------------------------------------------------------------------------
ANY  INCIDENTAL.  CONSEQUENTIAL,  OR  SPECIAL  DAMAGES OF ANY NATURE WHATSOEVER.
--------------------------------------------------------------------------------
FURTHERMORE.  BECAUSE  EACH  EQUIPMENT  AND  SYSTEM  IS UNIQUE CALYPSO DISCLAIMS
--------------------------------------------------------------------------------
LIABILITY  FOR  RANGE. COVERAGE. SUBSCRIBER CAPACITY. SERVICE LEVEL OR OPERATION
--------------------------------------------------------------------------------
OF  THE  SYSTEM  AS  A  WHOLE EXCEPT AS SPECIFICALLY SET FORTH IN THE WARRANTIES
--------------------------------------------------------------------------------
CONTAINED  IN  THIS  AGREEMENT.
------------------------------

          13.5.1  Calypso's obligations under this Article 13 shall not apply to
(i)  Equipment or components thereof that are normally consumed in operation, or
have  a  normal  life  inherently shorter than the Warranty Period; (ii) defects
that  are  the  result  of  improper  storage, installation, use, maintenance or
repair by the Customer (including without limitation, operation of the Equipment
outside  the  environmental  parameters  defined  in  the specifications); (iii)
improper  operation of Equipment with other hardware used by Customer, including
the  operation of Equipment with hardware not authorized by Calypso for use with
the  Equipment,  or use of the Equipment with any improperly operating equipment
not  supplied  by  Calypso  under  this  Agreement; (iv) Equipment or components
thereof that due to no fault of Calypso have been subjected to any other kind of
misuse  or  detrimental  exposure  or  have  been involved in an accident, fire,
explosion,  Act  of  God, or any other cause not attributable to Calypso, or (v)
Equipment  or  Installation  Services altered, repaired, improperly installed or
relocated  by  any party other than Calypso or Calypso's agents. For purposes of
this  subsection  (v),  "Install"  shall  mean  only  routine  plug-in.
                         -------

                                       18
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 14

                      REPRESENTATIONS AND.OTHER WARRANTIES

     14.1     Each  party  represents  and  warrants  that it is duly organized,
existing  and  in  good  standing  under  the  laws  of  its  jurisdiction  of
organization,  and  is  duly  qualified  as  a  foreign  corporation and in good
standing  in  all  jurisdictions in which the failure to so qualify would have a
materially  adverse  impact  upon  its  business  and  assets.

     14.2 Each party represents and warrants that it has the corporate power and
requisite  authority  to  execute,  deliver  and perform this Agreement, and all
Purchase Orders to be executed pursuant to or in connection with this Agreement,
and  that it is duly authorized to, and has taken all corporate action necessary
to authorize, the execution, delivery and performance of this Agreement and such
other  agreements  and  documents.

     14.3     Each  party  represents  and  warrants that this Agreement and the
agreements  or documents stated in Section 14.2 above executed by it pursuant to
or  in  connection with this Agreement will constitute when executed in full the
legal,  valid  and  binding obligations of said party, enforceable in accordance
wit  their  respective  terms,  subject  to  applicable  bankruptcy, insolvency,
reorganization,  fraudulent  transfer,  moratorium or similar laws affecting the
enforcement  of  creditors rights generally and to general principles of equity.

     14.4     Customer  represents and warrants that it has and/or shall obtain,
prior to the shipment of the Field Trial Equipment and Software and any Purchase
Order,  all  Licenses  required  in  connection  with  the  performance  of  the
obligations  of  the  parties  hereunder.

     14.5     Each  party agrees to comply with all applicable export and import
laws  and  regulations  of  the  United  States  of  America, Costa Rica and the
People's  Republic  of  China,  including  all  US  federal laws and regulations
relating to export or re-export of products or technology; and to indemnify each
other  for any loss, liability or expense incurred as a result of breach of this
subsection  14.5.  Thus,  if  at  the  time  or  times  of Calypso's performance
hereunder, a validated export license is required for Calypso to lawfully export
or  re-export  the  Equipment,  Licensed  Software,  Services, or any underlying
Source  Code,  or  technical data from the United States of America on behalf of
Calypso,  then  the  issuance  of  such  license  to Customer shall constitute a
condition  precedent to Calypso's obligations hereunder. Customer agrees that it
will  not  resell  or  re-export  Calypso  Equipment,  Licensed  Software or any
underlying  Source  Code  or  technical  data  in  any  form  without  obtaining
appropriate  export  or  re-export  licenses  from the United States government.

                                       19
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 15

                            REMEDIES AND LIMITATIONS

     15.1     Calypso shall have the right to suspend its performance under this
Agreement  by  written  notice  to  the  Customer  and forthwith remove and take
possession  of  any  portion  of  the  Equipment  that has been delivered if the
Customer,  prior  to  payment to Calypso of the Price, shall either party become
insolvent  or  bankrupt,  make a general assignment for the benefit of, or enter
into  any  arrangement  with  creditors,  file  a  voluntary  petition under any
bankruptcy,  insolvency, or similar law, or have proceedings under any such laws
or  proceedings  seeking  appointment  of  a  receiver,  trustee  or  liquidator
instituted  against  it which are not terminated within thirty (30) days of such
commencement.

     15.2     In  the  event  of any material breach of this Agreement by either
party  which shall continue for thirty (30) or more days after written notice of
such  breach  (including  a  reasonably detailed statement of the nature of such
breach) shall have been given to the breaching party by the aggrieved party, the
aggrieved  party  shall  be  entitled  at  its  option:

          15.2.1  if  the  aggrieved  party  is  the  Customer,  to  suspend its
performance  under Article 4 for so long as the breach continues uncorrected or;

          15.2.2  if  the  aggrieved party is Calypso, to suspend performance of
all  of its obligations under this Agreement for so long as the breach continues
uncorrected  or;

          15.2.3  to  avail  itself  of any and all remedies available at law or
equity  whether or not it elects to suspend its performance under Section 17.2.1
or  17.2.2  as  applicable.

     15.3     NOTWITHSTANDING  THE  PROVISIONS  OF  SECTION  11.2  OR  ANY OTHER
              ------------------------------------------------------------------
PROVISION  OF  THIS  AGREEMENT,  CALYPSO  SHALL  NOT  BE LIABLE FOR INCIDENTIAL,
--------------------------------------------------------------------------------
INDIRECT,  CONSEQUENTIAL,  OR  SPECIAL  DAMAGES OF ANY NATURE WHATSOEVER FOR ANY
--------------------------------------------------------------------------------
ACTION  ARISING  UNDER  THIS  AGREEMENT.
---------------------------------------

     15.4     Any  action  for  breach of this Agreement or to enforce any right
hereunder  shall  be  commenced  within  two (2) years after the cause of action
accrues  or  it  shall  be  deemed waived and barred (except that any action for
nonpayment  may  be  brought  at  any  time  permitted  by  applicable  law).

                                   ARTICLE 16

                           SUPPORT AND OTHER SERVICES

     16.1     Customer  will  purchase  for  Network  Equipment and Software the
Basic  Calypso  Support  Repair  and Return maintenance service as identified in
Attachment 9.  Customer may purchase additional maintenance and support services
------------
as  defined  in  Attachment  9.
                 -------------

                                       20
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 17

                COVERAGE INTERFERENCE AND THIRD PARTY FACILITIES

     17.1     Calypso  shall  have  no liability as a result of non-performance,
failure  or  poor  performance  of  the Equipment, Software or System caused by,
resulting  from  or attributable to Customer-provided designs, specifications or
equipment  configuration  requirements.  Calypso  may  rely upon and utilize any
Customer-provided  designs,  studies,  specifications  or  requirements  without
liability  therefore.

     17.2  Calypso  shall not be responsible for any failures or inadequacies of
performance  resulting  from  equipment not supplied and installed by Calypso or
Calypso's agents or subcontractors pursuant to this Agreement. Calypso shall not
be  responsible for interference or disruption of service caused by operation of
other  radio systems, lighting, motor ignition or other similar interference. In
the  event  Customer  utilizes  facilities or services supplied by other such as
common  carrier  circuits,  antennas  or  towers,  Customer shall have the total
responsibility  for the availability or adequacy of such services or facilities.

                                   ARTICLE 18

                                 INDEMNIFICATION

     18.1     Calypso  will  be  responsible for and agree to Indemnify and hold
harmless  Customer  from  and  against all losses, liabilities, demands, claims,
actions,  proceedings.  suits  and damages (including reasonable legal fees) for
injury  to  persons  or  damage  to  tangible  property to the extent it results
directly  from  the  intentional  or  negligent  acts  or  omissions,  or strict
liability,  of  Calypso,  its  officers,  agents,  employees,  or  contractors.

     18.2     Customer  will be responsible for and agrees to indemnify and bold
harmless  Calypso  from  and  against  all losses, liabilities, demands, claims,
actions,  proceedings,  suits  and damages (including reasonable legal fees) for
injury, including death, to persons or damage to tangible property to the extent
it  results  directly  from  the  intentional or negligent acts or omissions, or
strict  liability,  of Customer, its officers, agents, employees or contractors.

     18.3     With  respect  to  each  of  Sections  18.1  and  18.2  above, the
indemnified  party will give the indemnifying party prompt written notice of all
such  claims, actions, proceedings or suits and the indemnifying party will have
the  sole  defense  thereof; including appeals, and the sole right to settle the
same;  provided,  however,  that  the  indemnifying  party will not agree to any
settlement  which  imposes  liability or obligation on the indemnified for which
the  indemnified  party  is  not  fully  indemnified without first obtaining the
indemnified  party's  consent. The indemnified party will, upon the indemnifying
party's  request  and  at the indemnifying party's expense, furnish all relevant
information  available  to  the  indemnifying party and cooperate and assist the
indemnifying  party  in  every  reasonable  way to facilitate the defense and/or
settlement  of  any  such  claim.  action,  proceeding  or  suit.

                                       21
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 19

                      PATENTS, COPYRIGHT AND TRADE SECRETS

     19.1     Each  party  acknowledges  the  other  party's  ownership of trade
secrets,  proprietary or confidential information including, but not limited to,
products.  planned  products,  services  or planned services, the identity of or
information  concerning  customers  or  prospective  customers,  data, financial
information,  computer  software,  processes,  methods,  knowledge,  inventions,
ideas,  marketing  promotions,  discoveries, patents, copyrights marks and other
intellectual property rights current or planned activities, research development
or  other  information  relating  to  the  other  party's business activities or
operations  and those of its customers or subcontractors, as well as the pricing
and other terms and conditions of this Agreement (collectively, the "Proprietary
                                                                     -----------
Information").
-----------

                                   ARTICLE 20

                                   TERMINATION

     20.1     Either  party  may  terminate  this  Agreement and any outstanding
Purchase  Order,  in  whole  or in part, in the event of a default by the other,
provided that the nondefaulting party so advises the defaulting party in writing
of  the  event  of  alleged default and affords the defaulting party thirty (30)
days  within  which  to  cure  the  default.  Default  is  defined  to  include:

          (a)     Either party becomes insolvent, makes a general assignment for
the  benefit  of  creditors,  files  a  voluntary  petition  in bankruptcy or an
involuntary  petition  in  bankruptcy  is  filed against such party which is not
dismissed  within  sixty  (60)  days  after  the date such petition is flied, or
suffers or permits the appointment of a receiver for its business, or its assets
become  subject to any proceeding under a bankruptcy or insolvency law, domestic
or  foreign.  or has liquidated its business: (b) Either party's material breach
of  any  of the terms or conditions hereof; (c) The execution by either party of
an  Assignment  for the benefit of creditors or any other transfer or assignment
of  similar  nature;  or  (d)  Termination  by  either  party of the Field Trial
Equipment  and  Software  pursuant  to  Section  1.1.3.

     20.2     Neither  the  expiration  of this Agreement according to its terms
nor its termination under the provisions of Section 20.1 will prejudice any clam
for  any  outstanding amount owed Calypso and Customer to each other, damages or
any  other rights or remedies that any party may have under this Agreement or at
law  or  in  equity  or  relieve  any  party from the duty to bold in confidence
proprietary  information  and otherwise comply with, and exercise the rights set
forth  in  the  applicable Articles and Sections of this Agreement each of which
will  survive  such  termination.

                                       22
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 21

                               DISPUTE RESOLUTION

     21.1     In  the  event a dispute arises in connection with this Agreement,
the  parties shall attempt in the first instance to resolve such dispute through
friendly  consultation.  If  the  dispute  is not resolved through consultations
within  thirty (30) days after a requesting party has served a written notice on
the other party requesting the commencement of consultations, then any party may
refer  the  dispute  to  arbitration  in  Stockholm,  Sweden  by the Arbitration
Institute  of  the Stockholm Chamber of Commerce in accordance with the rules of
the  Arbitration  Institute  at  the  time  being  in  force.

     21.2  There  shall be three (3) arbitrators, with each party appointing one
(1)  arbitrator  each  as hereto. The third arbitrator shall be appointed by the
Arbitration  Institute  and  shall  serve  as  chairman  of  the  tribunal.

     21.3     The  arbitration  proceedings  shall  be  conducted  in  English.

     21.4     The  arbitration  award shall be final and binding on the parties.

     21.5     When any dispute occurs and when any dispute is under arbitration,
except  for  the  matters  under dispute, the parties shall continue to exercise
their  other  respective  rights  and fulfill their other respective obligations
under  this  Agreement.

     21.6     In any arbitration proceeding, any legal proceeding to enforce any
arbitration  award  and any other legal proceedings between the parties relating
to this Agreement, each party expressly waives the defense of sovereign immunity
and  any  other  defense based on the fact or allegation that it is an agency or
instrumentality  of  a  sovereign  state.

     21.7     Notwithstanding  the  foregoing,  Calypso  may  bring  a claim for
injunctive  relief  as  provided  in any court of competent jurisdiction without
first  submitting the claim to arbitration in the event of Customer's breach, or
threatened  breach  of  the  provisions  contained  in  Article 9, Article 12 or
Article  19  hereof.

                                   ARTICLE 22

                    NOTICE AND REPRESENTATIVES OF THE PARTIES

     Any  notice  ("Notice")  required or permitted under this Agreement must be
                    ------
given  in  writing to the address or facsimile number provided for a party below
(or  such  other  address  or  number  as  any party may provide to the other in
writing  in  the  manner  contemplated  hereby)  and will be deemed effective as
follows:

          (a)     if  delivered  in  person  or  by  courier,  on the date it is
delivered;

                                       23
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
          (b)     if  sent  by  facsimile  transmission,  on  the  date that the
transmission  is  received  by  the  recipient  party  in  legible  form;

          (c)     if  sent  by  certified  or  registered mail or the equivalent
(return  receipt  requested), on the date that mail is delivered or its delivery
is attempted but acceptance is refused; unless the date and time of any delivery
or  receipt,  as  applicable,  is  not  during  normal  working hours on a local
business  day,  in  which  case Notice will be deemed given and effective on the
first  following day that is a local business day. For purposes hereof, a "local
business  day" is a business day in the city specified in the address for notice
provided  by  the recipient. The Notices provided for by this Article 22 will be
given  to  the  following:

If to Customer:
                   China  Telecom  Changzhou  Telecommunication  Bureau
                   (China  Telecom)
                   No.  168  He  Ping  South  Road  Changzhou,
                   P.C:  213003,  P.R.  of  China

                   ATTN:
                           Vice  Director

If to Calypso:

                   Industrias  de  Telecomunicaciones  Americanas,  ATEL  S.A.
                   Care  of
                   Calypso  Wireless,  Inc.
                   5979  N.  W.  151  St.,  Suite  106
                   Miami  Lakes,  Florida,  USA  33014

                   ATTN:
                           President

                                       24
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 23

                                  MISCELLANEOUS

     23.1     Assignment.  Neither party to this Agreement may assign, transfer,
              ----------
pledge,  encumber  or  hypothecate  its interest in this Agreement or any of its
rights hereunder or delegate its obligations hereunder without the prior written
consent  of  the  other  party  to  this  Agreement,  which  consent will not be
unreasonably  withheld, and any attempted assignment which does not comply fully
with  this  Article  23.1 will be null anti void. Notwithstanding the foregoing,
Calypso,  may,  upon  prompt  written  notice, assign its rights and obligations
pursuant  to  this  Agreement  to  any  Affiliate  or  to  its  successors  by
consolidation or merger, or the transferee of substantially all of the assets of
Calypso.

     23.2     Governing Law. This Agreement will be construed in accordance with
              -------------
and  governed  by the law of the State of Florida without regard to the conflict
of  law  provisions  of  such  state  or  any  other  jurisdiction.

     23.3     Laws  and Regulations. The parties hereby agree to comply with all
              ---------------------
local,  municipal,  provincial,  central,  foreign,  governmental and regulatory
laws,  orders,  codes,  rules  and  regulations  that  are  applicable  to their
respective  performance  of  this Agreement including, without limitation, those
issued  by  government agencies of the People's Republic of China with authority
over  the  subject-matter  of  this  Agreement.

     23.4     Amendment.  Any  provision  of  this Agreement, or any attachment,
              ---------
exhibit or rider hereto, way be amended only if such amendment is in writing and
signed  by  all  the  parties  hereto.  Additions  to  the Calypso Equipment and
modifications to Prices may be made by Calypso, from time to time, in additional
Attachment  6 containing the following information: Calypso Equipment, Equipment
-------------
Description,  and  Price.

     23.5     Waiver. Any waiver or delay in the exercise by either party of any
              ------
of  its rights under this Agreement will not be deemed to prejudice such party's
right  of termination or enforcement for any further, continuing or other breach
by  the  other  party.

     23.6     Successors  and Assigns.  The provisions of this Agreement will be
              -----------------------
binding upon and inure to the benefit of the parties hereto and their respective
permitted  successors  end  permitted  assigns.

     23.7     Public  Disclosures.  Neither  party  will  issue  or  release for
              -------------------
publication  any  materials  relating  to  the  existence of this agreement, the
products  or any services to be performed pursuant to this agreement without the
prior  written  consent  of  the  other  party,  which  consent  will  not  be
unreasonably-withheld provide such publications are for internal use or use by a
financial  institution in connection with funding required under this agreement.

                                       25
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
     23.8     Severability. Whenever possible, each provision of this Agreement,
              ------------
as well as any attachment, exhibit or rider attached hereto, will be interpreted
in  such mariner as to be effective and valid under applicable law, order, code,
rule  or  regulation  but  if  any  provision  of this Agreement, as well as any
attachment,  exhibit  or  rider  hereto,  is  held  to  be  invalid,  illegal or
unenforceable  in  any  respect  under  any applicable law, order, code, rule or
regulation,  such Invalidity, illegality or unenforceability will not affect any
other  provision,  attachment,  exhibit  or  rider  of  this Agreement, but this
Agreement, attachment, exhibit or rider will be reformed, construed and enforced
in  such  jurisdiction  as  if such invalid, illegal or unenforceable provision,
attachment, exhibit or rider had never been contained herein or attached hereto.

     23.9     Descriptive  Headings.  The descriptive headings of this Agreement
              ---------------------
are  inserted  for  convenience  only  and  do  not  constitute  a  part of this
Agreement.

     23.10     Counterparts.  This  Agreement  may  be  executed  in  separate
               ------------
counterparts  each  of which will be an original and all of which taken together
will  constitute  one  and  the  same  Agreement.

     23.11     Relationship  of  Parties.  Neither  Calypso, its subcontractors,
               -------------------------
employees  or  agents  will  be deemed to be employees or agents of Customer, it
being  understood  that  Calypso,  its  subcontractors,  employees or agents are
independent  contractors  with  respect  to Customer for all purposes and at all
tunes.

     23.12     Trademark. Nothing contained in this Agreement shall be construed
               ---------
as conferring any right to use in advertising, publicity or marketing activities
any  name,  trademark  or  other  designation  of  a party hereto, including any
contraction,  abbreviation  or  simulation  of  any  of  the  foregoing.

                                   ARTICLE 24

                           INCORPORATION OF DOCUMENTS

     This Agreement hereby incorporates by reference the Attachments referred to
herein.  In  the  event  of  an  inconsistency  or conflict between or among the
provisions  of  this  Agreement,  the  inconsistency  will be resolved by giving
precedence  in  the  following  order:

          (1)   Agreement;
          (2)   Attachments; and
          (3)   Purchase Orders (excluding any preprinted terms and conditions).

                                       26
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
                                   ARTICLE 25

                                   DEFINITIONS

     "Acceptance  Test"  means the tests performed by Customer for the System to
      ----------------
confirm  that  the Equipment and Software perform in accordance with the Product
Specifications  (as  defined  below).

     "Affiliate"  means,  with  respect  to  any  person, any other person which
      ---------
controls,  is  controlled  by,  or  under  common control with, such entity; and
"control"  means the ownership of a majority of the voting equity of a person or
the  power  to  direct the management or policies of such person whether through
ownership  of  securities,  by  contract  or  otherwise.

     "Change  Notification"  is  defined  in  Section  11.2.
      --------------------

     "Class  A  Change"  means  a  modification of existing Calypso manufactured
      ----------------
Equipment  to  remedy  a  non-conformance  to Technical Requirements required to
correct  design  defects  of  a  type  that  results in electrical or mechanical
inoperative  conditions  or  unsatisfactory  operating  conditions,  or which is
recommended  to  enhance  safety.

     "Class  B  Change"  means  an  optional change, available to Customer at an
      ----------------
additional  cost, that provides Equipment enhancements resulting in new features
or  improved  service  capabilities  to  Calypso  Equipment.

     "Designated  Equipment"  is  defined  in  Article  11.
      ---------------------

     "Documentation"  with  respect to any Equipment or Software means Calypso's
      -------------
technical  documentation  end  operating  manuals  for  such  Product.

     "Effective  Date"  is  defined  in  the  Preamble.
      ---------------

     "Equipment"  or "Calypso Equipment" means the equipment and wireless pagers
      ---------       -----------------
and  handsets  that  may  be  purchased from Calypso pursuant to this Agreement.

     "Initial  Term"  is  defined  in  Article  3.
      -------------

     "Installation  Site"  means  any  customer  locations where Calypso Network
      ------------------
Equipment  or  Software  is  to  be  installed.

     "Licensed Software" means the Calypso software and third party software (as
      -----------------
defined  below), each of which in machine-readable form, and subsequent Software
upgrades, necessary to install, operate, and maintain the Equipment purchased or
licensed  by  Customer  pursuant  to  this  Agreement.

     "Maintenance  and  Support  Services"  is  defined  in  Article  18.
      -----------------------------------

                                       27
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
     "Network  Element"  means  a  material  component  of  Calypso's
      ----------------
telecommunications  soft-switch  system  including,  but  not  limited  to, base
station  controllers,  DSLAM's,  Routers,  Gateways,  transmitters,  local
transceivers  and  handsets.

     "Product  Life"  for  each  Equipment  is  as  set  forth  in Attachment 8.
      -------------                                                ------------

     "Proprietary  Information"  is  defined  in  Section  12.1.
      ------------------------

     "Purchase  Order" means the purchasing document issued by Customer, subject
      ---------------
to  the terms and conditions of this Agreement, and which describes the specific
Equipment and Software and specifies the scope of work, quantities and dates for
delivery,  prices,  billing  instructions, arid any other necessary information.

     "Rolling  Forecast"  is  defined  in  Section  2.3.
      -----------------

     "Services"  means the services provided by Calypso to Customer as specified
      --------
in  a  Purchase Order to the extent such Services are not included in the supply
of  other  Equipment  and  Software.

     "Software"  refers  to  all  the  Calypso  object-code  computer  programs,
      --------
computer  languages,  and operations licensed to Customer by Calypso pursuant to
the  terms  of this Agreement and used solely in conjunction with the System and
the Equipment to perform a useful function or used to enable human access to the
Equipment  for  the  purposes  of  installing,  operating,  or  maintaining such
Equipment.

     "Source  Code" means all intellectual information including but not limited
      ------------
to  Documentation,  Software in human-readable form, flow charts, schematics and
annotations  which  comprise  the  pre-coding detailed design specifications for
Licensed  Software  (excluding  Third  Party  Software).

     "System"  means a configuration of Equipment with connection to a broadband
      ------
internet  networks  and  mobile  networks,  including  gateways,  routers,
soft-switches  and  multiplexers  with  at  least  two  (2)  end  terminals, any
intermediate  line  amplifiers  connected  by  fiber  to  the end terminals, all
associated  Software,  which  has  the  ability  to  communicate  to  an element
management  system such that traffic can be transmitted from end terminal to end
terminal  and  operation  can  be  monitored  by  the  element management system

     "Technical  Requirements" means the specifications set forth in appropriate
      -----------------------
industry  standard telecommunications technical requirements where applicable or
as  such  specifications  may  be most currently modified or amended pursuant to
mutual  agreement  of  the  parties.

     "Third Party Software" means Software which is independently developed by a
      --------------------
third  party sub-licensed to Customer under this Agreement or otherwise provided
with  the  Equipment  hereunder.

                                       28
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>
     "Field  Trial"  is  defined  in  Article  1.
      ------------

     "Field  Trial  Test  Criteria"  is  defined  in  Article  1.
      ----------------------------

     "Warrant,  Period"  means  the  period  set forth in Attachment 11 attached
      ----------------                                    -------------
hereto.

                                   ARTICLE 26

                                ENTIRE AGREEMENT

     This  Agreement  together with all Exhibits and Attachments constitutes the
entire Agreement between Customer and Calypso with respect to the subject matter
hereof  and supersedes all prior agreements and understandings, both written and
oral,  between  the  parties  with  respect  to  such subject matter, and is not
intended  to  confer upon any person other than the parties hereto any tights or
remedies  hereunder.

     IN  WITNESS  WHEREOF,  the  parties hereto have caused this Agreement to be
executed  by  their duly authorized representatives as of the day and year first
above  written.

Industrias de Telecomunicaciones             China Telecom Changzhou
Americanas, ATEL, SA.                        Telecommunication Bureau
(Sub of Calypso Wireless, Inc.)              (China Telecom)

By:
   -------------------------------           -----------------------------
Name:                                        Name:
Title:  Chief  Operations  Officer           Title:    Vice  Director

                                       29
                                                        /s/  J.S.A.  /s/  J.Z.M.
                                                             ------       ------
                                                                       Atel S.A.
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}]]