Document:

Exhibit 10.17

                               ASSIGNMENT OF LEASE

Account #C-8703-02

         This Assignment of Lease (the "Assignment") is entered into as of this
9th day of November, 1999 by and among AMERICAN PROPERTY MANAGEMENT CORP. as
Agent for and on behalf of WESTON HOLDING CO., L.L.C., (hereinafter referred to
as "Lessor"), DAVID J. NEFF, Individually, (hereinafter referred to as
"Lessee"), and CYPOST CORPORATION, a Delaware corporation, (hereinafter referred
to as "Assignee").

                                   WITNESSETH:

         WHEREAS, Lessor and Lessee previously entered into a Lease dated July
9, 1996 for space (1,902 square feet) in the Jeffrey Center Office Building
(hereinafter referred to as the "Leasehold"), which was extended on April 10,
1997 ("Lease Extension") and amended on July 30, 1997 ("First Amendment") and
further amended on January 18, 1999 ("Second Amendment"). A true copy of said
Lease is attached hereto as Exhibit "A", the Lease Extension as Exhibit B, the
First Amendment as Exhibit "C" and the Second Amendment as Exhibit "D".

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained, $1 and other good and valuable consideration, the receipt and
sufficiency of which is acknowledged, the parties agree:

         1. Lessee does hereby demise, lease, assign, and let unto Assignee all
right, title and interest of Lessee in said Lease, and Assignee agrees to accept
the assignment of the Lease and Leasehold AS-IS. Assignee further covenants,
represents and warrants to abide faithfully by each and every covenant,
condition, and term of the Lease as though the Lease were originally written
between Lessor and Assignee.

         2. As a material inducement to Lessor's accepting and ratifying this
Assignment, Lessee hereby covenants and agrees to continue to be the obligor
under the Lease and to be bound by all terms and conditions of the Lease;
provided, however, that Lessor agrees to accept performance from Assignee in
lieu of performance by Lessee to the extent that Assignee so performs. Lessee
specifically waives presentment, demand, notice and protest and agrees that
Lessor may look to Lessee and/or Assignee, jointly and severally, as to any
violation or breach of the Lease.

         3. Lessee agrees to indemnify and hold harmless Assignee from any
claim, expense, damage or liability of every nature which may arise out of the
Lease prior to the date of this Assignment of Lease. Assignee agrees to
indemnify and hold harmless Lessee from any claim, expense, damage or liability
of every nature which may arise out of the Lease after the date of this
Assignment of Lease.

<PAGE>

         4. Lessee has previously deposited the sum of Four Thousand Four
Hundred twenty-seven and 04/l00ths Dollars ($4,427.04) with Lessor as a security
deposit to assure compliance with all terms and conditions of the Lease. Upon
execution hereof, Lessor shall transfer said security deposit to the account of
the Assignee. Said security deposit shall be subject to the terms and conditions
of the Lease and this Assignment.

         5. The parties do hereby ratify and reaffirm the Lease and this
Assignment.

         6. The Lease may not be further assigned or the Leasehold sublet
without the prior written consent of Lessor and Lessee, which consents shall not
be unreasonably withheld.

         7. This Assignment may be executed in counterparts and shall be binding
upon and inure to the benefit of the successors, assigns and representatives of
the parties.

         To certify, witness our hands the date first above written.

LESSOR:                                              LESSEE:

AMERICAN PROPERTY MANAGEMENT                         DAVID J. NEFF, Individually
CORP., as Agent for and on behalf of
WESTON HOLDING CO. L.L.C.

By:/s/ Douglas D. Lindholm                           /s/ David J. Neff
   ----------------------------                      ----------------------
     Douglas D. Lindholm                             David J. Neff, Individually
     Vice President of Commercial
      Property
Date:  November 11, 1999                             Date: November 9, 1999

Address for Notices:                                 Address for Notices:
         PO Box 12127                                1016 SW Taylor
         Portland, Oregon 97212-0127                 Portland, OR 97205
         2154 N.E. Broadway, #200
         Portland, Oregon 97232-1561

ASSIGNEE:

CYPOST CORPORATION,
a Delaware corporation

By:      /s/ Robert Sendoh
Name:    ROBERT SENDOH
Title:   CHAIRMAN
Date:    Nov. 9/99

Address for Notices:
         260 W. Esplanade
         North Vancouver, BC Canada V7M3G7

<PAGE>
[LOGO]

                          American Property Management

                               Commercial Division

                2154 N.E. Broadway - Portland, Oregon 97232-1590
          Mailing Address: P.O. Box 12127, Portland, Oregon 97212-0127
                    Phone (503) 284-2147 - FAX (503)287-1587

                               THE JEFFREY CENTER
                                  RETAIL LEASE

              This lease, made and entered into at Portland, Oregon

                                this July 9, 1996

                                 by and between

               AMERICAN PROPERTY MANAGEMENT CORP., as LESSOR, and

                     David J. Neff, Individually, as LESSEE.

              AMERICAN PROPERTY MANAGEMENT CORP. Account #C-8703-02

                  LESSOR hereby leases to LESSEE the following:

                        Retail Space #1016 (the Premises)

                         Consisting of 1,902 square feet

           (as measured from the center of the tenant demising walls)

         This measurement includes a load factor for the building of 0%

                              In THE JEFFREY CENTER

              (the Building) at 1016 S.W. Taylor, Portland OR 97205

                      for a term commencing August 1, 1996

                      and continuing through July 31, 1997;

                 at a Base Rental of $1,919.61 (U.S.) per month

              payable in advance on the first day of each month at
           2154 N.E. Broadway, Suite #200, Portland, Oregon 97232-1561

                           commencing August 1, 1996.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A
<PAGE>

LESSOR and LESSEE covenant and agree as follows:

1.1      ACCEPTANCE OF LEASED PREMISES

         Except as may be provided for in any exhibit, appendix or rider hereto,
occupancy shall be construed to mean that LESSEE expressly acknowledges that it
has fully inspected the Leased Premises and accepts the Leased Premises in their
present condition. LESSEE further acknowledges LESSOR hall not be responsible
for any alterations, improvements or repairs unless by written agreement of the
parties, attached to and made a part of this Lease. The premises square footage
is an approximations only and may vary from the actual square footage. Prior to
occupancy LESSEE may inspect and measure the Leased Premises to confirm the
square footage. Pursuant to the above, however, as of occupancy LESSEE shall be
deemed to have accepted the Leased Premises, and will be deemed to have waived
any objection to the square footage approximations set forth herein.

1.2      DELIVERY OF POSSESSION

         Should LESSOR be unable to deliver possession of the Premises on the
date fixed for the commencement date of the term, commencement will be deferred
and LESSEE shall owe no rent until receiving notice from LESSOR tendering
possession to LESSEE. If possession is not so tendered within 45 days following
commencement of the term, then LESSEE may elect to cancel this lease by
providing written notice to LESSOR within 10 days following expiration of the 45
day period. LESSOR shall have no liability to LESSEE for delay in delivering
possession, nor shall such delay extend the term of this lease in any manner.

1.3      EARLY POSSESSION

         If LESSEE occupies the Premises prior to said commencement date, such
occupancy shall be subject to all provisions of this LEASE, such occupancy shall
not advance the termination date, and LESSEE shall pay rent for such period at
the initial monthly rates set forth above.

2.1      RENT PAYMENT

         LESSEE shall pay the Base Rent for the Premises and any additional rent
provided herein without deduction or offset. Rent for any partial month during
the lease term shall be prorated to reflect the number of days during the month
that LESSEE occupies the Premises based on a thirty (30) day month/365 day year.
Rent not paid when due shall bear interest at the rate of one-and-one-half
percent (1 1/2%) per month until paid in full. LESSOR may at its option impose a
late charge of .10 for each $1 of rent or $50.00, whichever is greater, for rent
payments made more than 10 days after its due date in lieu of interest for the
first month of delinquency, without waiving any other remedies available for
default.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

3.1      LEASE CONSIDERATION

         Upon LESSEE'S execution of the LEASE, LESSEE shall pay the Base Rent
for the first full month of the LEASE term for which rent is payable and in
addition shall pay the sum of $3,839.22, as LEASE CONSIDERATION. LESSOR may
apply the LEASE CONSIDERATION to pay the cost of performing any obligation which
LESSEE fails to perform within the time required by this LEASE, but such
application by LESSOR shall not be the exclusive remedy for the LESSEE'S
default. If the LEASE CONSIDERATION is applied by LESSOR, LESSEE shall on demand
pay the sum necessary to replenish the LEASE CONSIDERATION current to its
required amount. To the extent not applied by LESSOR to cure defaults by LESSEE,
the LEASE CONSIDERATION shall be applied against the rent payable for the last
month of the term. The LEASE CONSIDERATION shall not be refundable. When the
Base Rent is adjusted per the terms of the LEASE, an additional amount shall be
paid to bring the LEASE CONSIDERATION amount equal to the newly adjusted Base
Rent amount.

4.1      USE OF PREMISES

         LESSEE shall use said demised Premises during the term of this LEASE
for the conduct of the following business: Internet Arena/Coffee House and for
no other purpose whatsoever without LESSOR'S written consent.

         The LESSEE will not make any unlawful, improper or offensive use of
said Premises: LESSEE will not suffer any strip or waste thereof; LESSEE will
not create or permit any objectionable fumes, noise, vibration or odor to escape
or to be emitted from said Premises or do anything or permit anything to be done
upon or about said Premises in any way tending to create a nuisance; LESSEE will
not sell or permit to be sold any spirituous, vinous or malt liquors on said
Premises, excepting such as LESSEE may be licensed by law to sell and as may be
herein expressly permitted; nor will LESSEE sell or permit to be sold any
controlled substance on or about said Premises.

         The LESSEE will not allow the leased Premises at any time to fall into
such a state of repair or disorder as to increase the fire hazard thereon;
LESSEE shall not install any power machinery on said Premises except under the
supervision and with the written consent of the LESSOR; LESSEE shall not store
gasoline or other highly combustible materials on said Premises at any time;
LESSEE will not use said Premises in such a way or for such a purpose that the
fire and liability insurance rates for the Building in which said Premises are
located is thereby increased or that would prevent the LESSOR to obtain reduced
premium rates for long term fire and liability insurance policies. LESSEE shall
not conduct any activities that will in any manner degrade or damage the
reputation of the Building.

         If the Premises herein LEASED are located at street level, then at all
times LESSEE shall keep the sidewalks in front of the demised Premises free and
clear of ice, snow, rubbish, debris and obstruction; and if the LESSEE occupies
the entire building, LESSEE will not permit rubbish, debris, ice or snow to
accumulate on the roof of said Building so as to stop up

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

or obstruct gutters or downspouts or cause damage to said roof, and will hold
harmless and protect the LESSOR against any injury whether to LESSOR or to
LESSOR'S property or to any other person or property caused by LESSEE'S failure
in that regard.

         The LESSEE will not overload the floors of said Premises in such a way
as to cause any undue or serious stress or strain upon the Building in which
said demised Premises are located, or any part thereof, and the LESSOR shall
have the right, at any time, to call upon any competent engineer or architect
whom the LESSOR may choose, to decide whether or not the floors of said
Premises, or any part thereof, are being overloaded so as to cause any undue or
serious stress or strain is such as to endanger or injure said Building, or any
part thereof, then and in that event the LESSEE agrees immediately to relieve
said stress or strain either by reinforcing the Building or by lightening the
load which causes such stress or strain in a manner satisfactory to the LESSOR.

         LESSEE agrees that all activities in the LEASED Premises be conducted
in a safe manner to comply with all life, fire and safety codes of the City Fire
Bureau, and the insurance carrier. LESSEE agrees to maintain the LEASED space in
a clean manner at all times, and to perform any cleaning tasks and record
keeping of same as requested by any City Fire Bureau, building owner, or
insurance carrier. LESSEE agrees that they will maintain at their expense, all
required fire preventions, fire suppressant equipment other than the building
sprinkler systems, as requested or required by the City or the insurance
carrier. LESSEE is not allowed to use the space for any spray painting unless
they have complied with all City Codes allowing such use and written evidence of
compliance has been supplied to the LESSOR, and LESSOR has issued a written
authorization to the LESSEE permitting such use. Any hand wood finishing allowed
by the City Fire Bureau is to be done in a safe manner and all material stored
in approved receptacles. LESSEE agrees that if practical, that upon leaving
leased spaced every day, they will shut off the entire electrical source at the
main disconnect in their area.

         If the LESSOR is required by City Code or the insurance carrier to add
additional fire prevention device of any kind, the LESSEE agrees to pay their
proportionate costs based on the square footage amortized over the remaining
term of the LEASE, or to vacate the space.

         LESSEE shall comply at LESSEE'S own expense with all laws and
regulations of any Municipal, County, State, Federal or other public authority,
including the Americans with Disabilities Act (ADA), respecting the use of said
leased Premises.

         The LESSEE shall regularly occupy and use the demised Premises for the
conduct of LESSEE'S business, and shall not abandon or vacate the Premises for
more than ten (10) days without written approval of LESSOR.

4.2      EQUIPMENT

         LESSEE shall install in the Premises only such equipment as is
customary for LESSEE'S use and shall not overload the weight capacity of the
floors or the capacity of the electrical circuits of the Premises or Building or
alter the plumbing or wiring of the Premises or Building. LESSOR must approve,
in advance, the location and manner of installing any

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

electrical, heat generating or communication equipment or exceptionally heavy
articles. Any additional air conditioning required because of heat generating
equipment or special lighting installed by the LESSEE shall be installed at
LESSEE'S expense.

4.3      SIGNS

         No signs, banners, awnings, antennas, or other apparatus shall be
painted on or attached to the Building or anything placed on any glass or
woodwork of the Premises or positioned so as to be visible from outside the
Premises without LESSOR'S written approval as to design, size, location and
color. All signs installed by LESSEE shall comply with LESSOR'S standards for
signs and all applicable codes and ordinances and all signs and sign hardware
shall be removed upon termination of this LEASE with the sign location restored
to its former state unless LESSOR elects to retain all or any portion thereof.
If the Building has a designated sign area and such area has space available
then LESSEE may request to have LESSEE'S business name placed on said space at a
set rate determined by LESSOR for the set-up and installation.

5.1      UTILITIES AND SERVICES

         LESSEE shall be solely responsible for and pay for all charges for all
electricity, telephone, garbage service, janitorial service and any other
utilities used or consumed in or on the leased Premises during the existence of
this LEASE unless otherwise agreed between LESSOR and LESSEE. LESSEE shall
comply with all the government laws or regulations regarding the use of
utilities on the Premises. Interruption of services or utilities shall not be
deemed an eviction or disturbance of LESSEE'S use and possession of the
Premises, render LESSOR liable to LESSEE for damages, or relieve LESSEE from
performance of LESSEE'S obligations under this LEASE, but LESSOR shall take all
reasonable steps to correct any interruptions in service. Electrical service
furnished will be 110 volts unless different service already exists in the
Premises. The LESSOR shall only provide repair and maintenance to building
standard florescent light fixtures. The LESSOR shall not be responsible for
repair, maintenance (including light bulb replacement) for non-building standard
light fixtures.

5.2      EXTRA USAGE

         If LESSEE uses excessive amounts of LESSOR provided utilities and/or
services of any kind because of operation during normal Building hours and/or
outside of normal Building hours, high demands from office machinery and
equipment, nonstandard lighting or any other cause, LESSOR may impose a
reasonable charge for supplying such extra utilities and/or services, which
charge shall be payable monthly by LESSEE in conjunction with rent payments. In
case of dispute over any extra charge under this paragraph, LESSOR shall
designate a qualified independent engineer whose decision shall be conclusive on
both parties. LESSOR and LESSEE shall each pay one-half (1/2) of the cost of
such determination.

         LESSEE shall be solely responsible for and promptly pay for the removal
of all debris, cardboard, all and any other refuse generated in LESSEE'S moving
into premises including the replacement of office furniture and equipment during
tenancy and in vacating the premises.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

Upon request, LESSOR shall supply LESSEE the name of a recycling company to
remove recyclable items. LESSEE shall pay such additional charge in full upon
receipt of statement.

6.1      REPAIRS AND IMPROVEMENTS

         The LESSOR shall not be required to make any repairs, alterations,
additions, or improvements to or upon said Premises during the term of the
LEASE, except only those hereinafter specifically provided for; the LESSEE
hereby agrees to maintain and keep said LEASED Premises including all interior
and exterior doors, interior wiring, plumbing and drain pipes to sewers or
septic tank, in good order and repair during the entire term of this LEASE at
LESSEE'S own cost and expense, and to replace all glass which may be broken or
damaged during the term hereof in the windows and doors of said Premises with
glass of as good or better quality as that now in use. LESSEE further agrees not
to make any alterations, additions or improvements to or upon said Premises
without the written consent of the LESSOR first being obtained.

         The LESSOR agrees to maintain in good order and repair during the term
of this LEASE the exterior walls, roof, gutters, downspouts and foundations of
the Building in which the demised Premises are situated and the sidewalks
thereabouts. It is understood and agreed that the LESSOR reserves and at any and
all times shall have the right to alter, repair, or improve the Building of
which said demised Premises are a part, or to add thereto and for that purpose
at any time may erect scaffolding and all other necessary structures about and
upon the demised Premises with such materials as LESSOR may deem necessary
therefore, and LESSEE waives any claim to damages, including loss of business
resulting therefrom. All partitions, plumbing, electrical wiring, additions to
or improvements upon said leased Premises, whether installed by the LESSOR or
LESSEE, shall be and become a part of the Building as soon as installed and the
property of the LESSOR unless otherwise herein provided.

7.1      INDEMNITY

         LESSEE shall not allow any liens to attach to the Building or LESSEE'S
interest in the Premises as a result of its activities. LESSEE shall indemnify
and defend LESSOR from any claim, liability, damage, or loss occurring on the
Premises, arising out of any activity by LESSEE, its agents, or invitees or
resulting from LESSEE'S failure to comply with any term or condition of this
LEASE. LESSOR shall have no liability to LESSEE because of loss or damage caused
by the acts or omissions of other tenants of the Building, or by third parties.

7.2      INSURANCE

         LESSEE shall carry liability insurance in the amount of no less than
$1,000,000.00 and which insurance shall have an endorsement naming LESSOR and
LESSOR'S agent, if any, as an additional insured and covering the liability
insured under Paragraph 7.1 of this LEASE. LESSEE shall furnish to LESSOR a
certificate evidencing such insurance which shall state that the coverage shall
not be cancelled or materially changed without ten (10) days advance written
notice to LESSOR and LESSOR'S agent, if any, and a renewal certificate shall be
furnished at

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

least ten (10) days prior to expiration of any policy. LESSEE is responsible for
their own fire insurance, see Section 8.2.

8.1      FIRE OR CASUALTY

         "Major Damage" means damage by fire or other casualty to the Building
or the Premises which causes the Premises or any substantial portion of the
Building to be unusable, or which will cost more than 25 percent (25%) of
pre-damage value of the Building to repair, or which is not covered by
insurance. In case of Major Damage, LESSOR may elect to terminate this LEASE by
notice in writing to LESSEE within 30 days after such date. If this LEASE is not
terminated following Major Damage, or if damage occurs which is not Major
Damage, LESSOR shall promptly restore all damage to tenant improvements or
alterations installed by LESSEE or pay the cost of such restoration to LESSOR if
LESSOR elects to do the restoration of such improvements. Rent shall be reduced
from the date of damage until the date restoration work being performed by
LESSOR is substantially complete, with the reduction to be in proportion to the
area of the Premises not useable by LESSEE.

8.2      WAIVER OF SUBROGATION

         LESSEE shall be responsible for insuring its personal property and
trade fixtures located on the Premises. Neither LESSOR nor LESSEE shall be
liable to the other for any loss or damage caused by fire, water damage,
sprinkler leakage, or any of the risks that are or could be covered by a
standard all risk insurance policy with an extended coverage endorsement, or for
any business interruption, and there shall be no subrogated claim by one party's
insurance carrier against the other party arising out of any such loss.

9.1      EMINENT DOMAIN

         If a condemning authority takes title by eminent domain or by agreement
in lieu thereof to the entire Building or a portion sufficient to render the
premises unsuitable for LESSEE'S use, then either party may elect to terminate
this LEASE effective on the date that possession is taken by the condemning
authority. Rent shall be reduced for the remainder of the term in an amount
proportionate to the reduction in the area of the Premises caused by the taking.
All condemnation proceeds shall belong to LESSOR, and LESSEE shall have no claim
against LESSOR or the condemnation award because of the taking.

10.1     ASSIGNMENT AND SUBLETTING

         This LEASE shall bind and inures to the benefit of the parties, their
respective heirs, successors, and assigns, provided that LESSEE shall not assign
its interest under this LEASE or sublet all or any portion of the Premises
without first obtaining LESSOR'S consent in writing. This provision shall apply
to all transfers by operation of law including but not limited to mergers and
changes in control of LESSEE. No assignment or subletting shall relieve LESSEE
of its obligation to pay rent or perform other obligations required by this
LEASE, and no consent to one assignment or subletting shall be a consent to any
further assignment or subletting. LESSOR shall not unreasonably withhold its
consent to any

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

assignment, or to subletting provided the subrental rate or effective rental
paid by the assignee is not less than the current scheduled rental rate of the
Building for comparable space and the proposed LESSEE is compatible with
LESSOR'S normal standards for the Building. If LESSEE proposes a subletting or
assignment to which LESSOR is required to consent under this paragraph, LESSOR
shall have the option of terminating this LEASE and dealing directly with the
proposed sublessee or assignee, or any third party. If an assignment or
subletting is permitted, any cash profit, or the net value of any other
consideration received by LESSEE as a result of such transaction shall be paid
to LESSOR promptly following its receipt by LESSEE. LESSEE shall pay any costs
incurred by LESSOR in connection with a request for assignment or subletting,
including reasonable attorneys' fees.

11.1     DEFAULT

         Any of the following shall constitute a default by LESSEE under this
LEASE:

         (a) LESSEE'S failure to pay rent or any other charge under this LEASE
within 10 days after it is due, or failure to comply with any other term or
condition within 10 days following written notice from LESSOR specifying the
noncompliance. If such noncompliance cannot be cured within the 10 day period,
this provision shall be satisfied if LESSEE commences correction within such
period and thereafter proceeds in good faith and with reasonable diligence to
effect compliance as soon as possible. Time is of the essence in the performance
of this LEASE.

         (b) The making by LESSEE of any general assignment or general
arrangement for the benefit of creditors; or the filing by or against LESSEE of
a petition to have LESSEE adjudged a bankrupt, or a petition or reorganization
or arrangement under any law relating to bankruptcy (unless, in the case of a
petition filed against LESSEE, the same is dismissed within sixty (60) days); or
the appointment of a trustee or a receiver to take possession of substantially
of all LESSEE'S assets located at the Premises or of LESSEE'S interest in this
Lease, where possession is not restored to LESSEE within thirty (30) days; or
the attachment, execution, or other judicial seizure of substantially all of
LESSEE'S assets located at the Premises or of LESSEE'S interest in this Lease,
where such seizure is not discharged within thirty (30) days.

         (c) Assignment or subletting by LESSEE in violation of Paragraph 10.1.

         (d) Vacation or abandonment of the Premises without the written consent
of LESSOR.

11.2     REMEDIES FOR DEFAULT

         In case of default as described in Paragraph 11.1, LESSOR shall have
the right to the following remedies which are intended to be cumulative and in
addition to any other remedies provided under applicable law:

         (a) LESSOR may terminate the LEASE and retake possession of the
Premises. Following such retaking of possession, efforts by LESSOR to relet the
premises shall be

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

sufficient if LESSOR follows its usual procedures for finding tenants for the
space at rates not less than the current rates for other comparable space in the
Building. If LESSOR has other vacant space in the Building, prospective tenants
may be placed in such other space without prejudice to LESSOR'S claim to damages
of loss of rental from LESSEE.

         (b) LESSOR may recover all damages caused by LESSEE'S default which
shall include an amount equal to rentals lost because of the default, lease
commissions paid for this LEASE, the unamortized cost of any tenant improvements
installed by LESSOR to meet LESSEE'S special requirements and the cost of any
clean up, refurbishing, lock changes and removal of the LESSEE'S property and
fixtures. LESSOR may sue periodically to recover damages as they occur
throughout the lease term, and no action for accrued damages shall bar a later
action for damages subsequently accruing. LESSOR may elect in any one action to
recover accrued damages plus damages attributable to the remaining term of the
lease. Such damages shall be measured by the difference between the rent under
this LEASE and the reasonable rental value of the Premises for the remainder of
the term, discounted to the time of judgment at the prevailing interest rate on
judgments.

         (c) LESSOR may make any payment or perform any obligation which LESSEE
has failed to perform, in which case LESSOR shall be entitled to recover from
LESSEE upon demand all amounts so expended, plus interest from the date of the
expenditure at the rate of one-and-one-half percent (1 1/2) per month. Any such
payment or performance by LESSOR shall not waive LESSEE'S default.

12.1     SURRENDER

         On expiration or early termination of this LEASE, LESSEE shall deliver
all keys to LESSOR to avoid a minimum lock change charge of $80.00 per lock and
surrender the Premises broom clean and in the same condition as at the
commencement date of the term subject only to reasonable wear from ordinary use.
LESSEE shall remove all of its furnishings and trade fixtures that remain its
property and restore all damage resulting from such removal. Failure to remove
shall be an abandonment of the property and LESSOR may dispose of it in any
manner without liability and LESSEE shall pay a reasonable charge for such
removal and disposal. If LESSEE fails to vacate the Premises when required,
including failure to remove all its personal property, LESSOR may elect either;
(1) to treat LESSEE as a tenant from month to month, subject to all the
provisions of this LEASE except that rent shall be one-and-one-half (1 1/2)
times the total rent being charged when the lease term expired; or (2) to eject
LESSEE from the Premises and recover damages caused by wrongful holdover. During
the period of sixty (60) days prior to the termination date of this LEASE, the
LESSOR may post on said premises or in the windows thereof signs of appropriate
size notifying the public that the premises are "For Lease."

13.1     REGULATIONS

         LESSOR shall have the right (but shall not be obligated) to make,
revise, and enforce regulations or policies consistent with this LEASE for the
purpose of promoting safety, order,

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

economy, cleanliness, and good service to all tenants of the Building. All such
regulations and policies shall be complied with as if part of this LEASE.

14.1     ACCESS

         During times other than normal Building hours LESSEE'S officers and
employees or those having business with LESSEE may be required to identify
themselves or show passes in order to gain access to the Building. LESSOR shall
have no liability for permitting or refusing to permit access by anyone. LESSOR
shall have the right to enter upon the Premises at any time by passkey or
otherwise to determine LESSEE'S compliance with this LEASE, to perform necessary
services, maintenance and repairs to the Building or the Premises, examine the
condition of the Leased Space, to show the Premises to any prospective tenant or
purchasers or for any other lawful purpose. Except in the case of emergency,
such entry shall be at such times and in such manner as to minimize interference
with the reasonable business use of the Premises by LESSEE.

14.2     FURNITURE AND BULKY ARTICLES

         LESSEE shall move furniture and bulky articles in and out of the
Building or make independent use of the elevators only at times approved by
LESSOR following at least 24 hours' advance written notice to LESSOR of the
intended move. LESSOR will not unreasonably withhold its consent under this
paragraph. Items of 1,000 pounds or greater shall require LESSOR'S approval.

15.1     NOTICES

         Notices between the parties relating to this LEASE shall be in writing,
effective when delivered, or if mailed, effective on the second day following
mailing, postage prepaid, to the address for the party stated in this LEASE or
to such other address as either party may specify by written notice to the
other. Notice to LESSEE may always be delivered to the Premises. Rent shall be
payable to LESSOR at the LESSOR'S address and in the same manner, but shall be
considered paid only when received.

16.1     SUBORDINATION

         This LEASE shall be subject and subordinate to any mortgages, deeds of
trust, or land sale contracts (hereafter collectively referred to as
encumbrances) now existing against the Building. At LESSOR'S option this LEASE
shall be subject and subordinate to any future encumbrance hereafter placed
against the Building (including the underlying land) or any modifications of
existing encumbrances, and LESSEE shall execute such documents as may reasonably
be requested by LESSOR or the holder of the encumbrance to evidence this
subordination.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A
<PAGE>

16.2     TRANSFER OF BUILDING

         If the Building is sold or otherwise transferred by LESSOR or any
successor, LESSEE shall attorn to the purchaser or transferee and recognize it
as the LESSOR under this LEASE, and, provided the purchaser assumes all
obligations hereunder, the transferor shall have no further liability hereunder.

16.3     ESTOPPELS

         Either party will within 20 days after written notice from the other
execute, acknowledge and deliver to the other party a certificate certifying
whether or not this LEASE has been modified and is in full force and effect;
whether there are any modifications or alleged breaches by any other party; the
dates to which rent has been paid in advance, and the amount of any security
deposit, LEASE CONSIDERATION, or prepaid rent; and any other facts that may
reasonably be requested. Failure to deliver the certificate within the specified
time shall be conclusive upon the party of whom the certificate was requested
that the lease is in full force and effect and has not been modified except as
may be represented by the party requesting the certificate. If requested by the
holder of any Encumbrance, or any ground LESSOR, LESSEE will agree to give such
holder or LESSOR notice of and an opportunity to cure any default by LESSOR
under this LEASE.

17.1     ATTORNEYS FEES

         In any litigation arising out of this LEASE, the prevailing party shall
be entitled to recover, in addition to costs and disbursements, attorneys' fees
at trial and on any appeal.

18.1     QUIET ENJOYMENT

         LESSOR warrants that so long as LESSEE complies with all terms of this
LEASE, it shall be entitled to peaceable and undisturbed possession of the
Premises free from any eviction or disturbance by LESSOR.

19.1     COMPLETE AGREEMENT

         This LEASE and the attached Exhibits and Schedules constitute the
entire agreement of the parties and supersede all prior written and oral
agreements and representations. Neither LESSOR nor LESSEE is relying on any
representations other than those expressly set forth herein.

20.1     CHAIR MATS

         LESSEE shall provide, at LESSEE'S expense, chair mats for all desk
rolling chairs within the leased space and will be responsible for carpet wear
caused by chairs which could have been avoided by the use of chair mats.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

21.1     PARKING

         LESSEE acknowledges that the building has no on-site parking available
and that no on-site parking privileges are provided by LESSOR other than what
may be stated in this Lease document under a special section entitled parking
concessions.

22.1     COMMON AREA

         Where the Building has a common entrance or meeting room, the LESSEE
may use these facilities at no cost on a first-come, first-serve basis by
contacting the LESSOR and reserving the room in advance. Abusing the privileges
of the rooms may result in the loss of said use.

23.1     NOTICE OF NON-RENEWAL

         The LESSEE shall give the LESSOR written notice of LESSEE'S intent
regarding the expiration of the LEASE not more than ninety (90) days and not
less than sixty (60) days prior to the expiration date of this LEASE. In the
event the LESSEE fails to give written notice within the prescribed time frame,
the expiring LEASE shall be automatically extended, at the option of the LESSOR,
for an additional six (6) month term. The same notice requirement shall apply to
the new expiration date of the LEASE. In the event that LESSEE again fails to
give written notice within the prescribed time frame, the expiring LEASE shall
be automatically extended, at the option of the LESSOR, for an additional one
(1) year term. It is agreed that the extension shall not be considered a
holdover and that the LESSEE'S rent would be adjusted by the Consumer Price
Index (CPI) for all U.S. Cities average for the previous 12-month period or the
established marketed building rental rate for a one (1) year lease term,
whichever is greater. An equal amount shall be paid to bring the LEASE
CONSIDERATION up to an equal amount of the current months rent.

24.1     NOTICE TO OWNERS, BUYS, AND TENANTS REGARDING HAZARDOUS WASTES OR
         SUBSTANCES UNDERGROUND STORAGE TANKS

         Comprehensive Federal and State laws and regulations have been enacted
in the last few years in an effort to develop controls over the use, storage,
handling, cleanup, removal and disposal of hazardous wastes or substances. Some
of these laws and regulations, such as, for example, the so-called "Superfund
Act", provide for broad liability schemes wherein an owner, tenant or other user
of the property may be liable for cleanup costs and damages regardless of fault.
Other laws and regulations set standards for the handling of asbestos or
establish requirements for the use, modification, abandonment or closing of
underground storage tanks.

         It is not practical or possible to list all such laws and regulations
in this Notice. Therefore, owners, buyers and tenants are urged to consult legal
counsel to determine their respective rights and liabilities with respect to the
issue described in this Notice as well as all other aspects of the proposed
transaction. If hazardous wastes or substances have been, or are

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

going to be used, stored, handled or disposed of on the property, or if the
property has or may have underground storage tanks, it is essential that legal
and technical advice be obtained to determine, among other things, what permits
and approvals have been or may be required, if any, the estimated costs and
expenses associated with the use, storage, handling, cleanup, removal or
disposal of the hazardous wastes or substances and what contractual provisions
and protections are necessary or desirable. It may also be important to obtain
expert assistance for site investigations as to the likelihood of hazardous
wastes or substances, or underground storage tanks being on the property.

         Although AMERICAN PROPERTY MANAGEMENT CORP. will disclose any knowledge
it actually possesses with respect to the existence of hazardous wastes or
substances, or underground storage tanks on the property. AMERICAN PROPERTY
MANAGEMENT CORP. has not made investigations or obtained reports regarding the
subject matter of this Notice, except as may be described in a separate written
document signed by AMERICAN PROPERTY MANAGEMENT CORP. AMERICAN PROPERTY
MANAGEMENT CORP. makes no representations regarding the existence or
nonexistence of hazardous wastes or substance, or underground storage tanks on
the property. You should contact a professional, such as a civil engineer,
geologist, industrial hygienist or other persons with experience in these
matters to advise you concerning the property.

         The term "hazardous wastes or substances" is used in this Notice in its
very broadest sense and includes, but is not limited to petroleum base products,
paints and solvents, lead cyanide, DDT, printing inks, acids, pesticides,
ammonium compounds, asbestos, PCBs and other chemical products. Hazardous wastes
or substances and underground storage tanks may be present on all types of real
property. This Notice is therefore meant to apply to any transaction involving
any type of real property, whether improved or unimproved.

25.1     MODIFICATION

         This LEASE may not be modified except by endorsement in writing
attached to this LEASE, dated and signed by all the parties hereto, and LESSOR
shall not be bound by any oral or written statement of any servants, agent, or
employees modifying this LEASE.

26.1     PARTIES AFFECTED

         The rights, liabilities and remedies provided for herein shall extend
to the heirs, legal representatives, successors and, so far as the terms of this
LEASE permit, assigns of the parties hereto, and the words "LESSOR" and "LESSEE"
and their accompanying verbs or pronouns, wherever used [illegible] may be or
become parties hereto.

27.1     SECURITY

         LESSEE and not LESSOR, is responsible for security of the Leased Space.
Any breach in security of the Leased Space, common areas, common access doors,
and/or elevators shall not constitute an eviction of the LESSEE or relieve
LESSEE from any of LESSEE'S

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

obligations under this LEASE. All tenants shall have the responsibility for
maintaining the security to common access.

28.1     RIGHT TO RELOCATE

         LESSOR hereby reserves the right of any time during the term hereof to
change the location of the LEASED Premises in the building or other acceptable
property as may be required. In the event LESSOR elects to exercise the forgoing
option it shall advise LESSEE with sixty (60) days prior written notice of its
intention. If LESSEE does not accept relocation space this LEASE will terminate
at end of sixty (60) day notice period. LESSEE hereby agrees to be bound by its
election to relocate or terminate this LEASE and, further, to execute upon
receipt from LESSOR, whatever amendments or other instruments may be required to
correctly reflect the foregoing change and/or alterations. LESSOR shall relocate
LESSEE at LESSOR'S sole expense. LESSEE shall be relocated to a premise of like
kind and quality.

29.1     RENTAL ADJUSTMENT

         N/A DELETED IN ITS ENTIRETY

29.2     RENTAL ADJUSTMENT DATES

         NONE

29.2     SMOKING - ENTIRE NON-SMOKING BUILDING

         The building in which the LEASED space is located has been designated
as an entire NON-SMOKING building. This includes all areas of the building, both
common areas as well as individual tenant spaces. Thus, smoking in the LEASED
area is not permitted. Because of the fact that some tenants' leases were in
existence prior to the adoption of the entire building non-smoking policy, these
tenants have the rights, if they choose, to smoke in their LEASED space only,
but do have a LEASE obligation to provide smokeless ashtrays and/or an air
purification system that will filter air within the space to the extent that it
is economically feasible. LEASES for all new tenants moving into the building
will incorporate the entire non-smoking building policy and will prohibit these
new tenants under their LEASE from smoking in all areas of the building.

31.1     LIGHT AND AIR

         This LEASE does not grant any rights of access to light and air over
the Property.

32.1     COMMON AREA RESTROOMS

         LESSEE to have access to building common area restrooms only during
building hours of operation.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A
<PAGE>

33.1     WAIVER

         Any waiver by the LESSOR of any breach of any covenant herein contained
to be kept and performed by the LESSEE shall not be deemed or considered as a
continuing waiver, and shall not operate to bar or prevent the LESSOR from
declaring a forfeiture for any succeeding breach, either of the same condition
or covenant or otherwise.

34.1     PERSONAL GUARANTY

         See Exhibit "A"

35.1     INTERIOR DESIGN & MODIFICATION

         See Exhibit "B" Space Plan

36.1     LESSOR AGREED TENANT IMPROVEMENTS

         See Exhibit "C" Interior Space Work Agreement

37.1     LESSEE AGREED IMPROVEMENTS

         See Exhibit "D"

                  __X__ None Required

37.2     TELEPHONES

         LESSEE agrees, at its expense, to provide telephone wiring into each
individual office of the premises and appropriate common areas. LESSEE agrees
that LESSOR shall not be liable for any damages or other liability incurred by
LESSEE or any other parties as a result of LESSEE's wiring the premises for
telephones. LESSEE further agrees to indemnify and hold harmless LESSOR from any
and all liability or claims of LESSEE or others arising or resulting from
LESSEE's wiring of the premises for telephones.

38.1     TIME IS OF THE ESSENCE

         LESSOR and LESSEE acknowledge that time is of the essence in the
execution of this Lease Agreement in order to allow LESSOR adequate time to
complete the agreed upon Tenant Improvements. If the Lease Agreement is not
signed, returned (with Lease Consideration and prepaid rent) and accepted by the
LESSOR by July 12, 1996, then LESSEE understands that the Tenant Improvements
described in the Exhibit "C" Interior Space Work Agreement may not be completed
by the Lease Commencement date and LESSEE shall not take possession of premises
until said Tenant Improvements are completed.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

39.1     EXPIRATION OF OFFER

         This offer to lease shall be null and void at the sole option of the
LESSOR if not returned to LESSOR signed by LESSEE in an acceptable form to
LESSOR and accompanied by appropriate funds by July 12, 1996

In construing of this LEASE, it is understood that the LESSOR or LESSEE may be
more than one person; that if the context so requires, the singular pronoun
shall be taken to mean and include the plural, the masculine, the feminine, and
the neuter, and that generally all grammatical changes shall be made, assumed
and implied to make the provisions hereof apply equally to corporations and to
individuals.

IN WITNESS WHEREOF, the respective parties have executed this instrument in
duplicate on this, the day and year first hereinabove written, any corporation
signature being by authority of its Board of Directors.

LESSOR:                                      By:  /s/ Rhonda J. Tschida
                                                  ---------------------
AMERICAN PROPERTY MANAGEMENT CORP.           Name:  Rhonda J. Tschida
as agent for and on behalf of                Title:  Vice President Commercial
 WESTON HOLDING CO., L.L.C.                            Property
(Federal Tax ID# 93-1273413*)
Address for Notices:
         P.O. Box 12127
         Portland, Oregon  97212
         2154 N.E. Broadway, #200
         Portland, Oregon  97232             DATE:  7/11/96

LESSEE:

David J. Neff, Individually
                                             By:  /s/ David J. Neff
                                                  -----------------
                                             Name:  David J. Neff, Individually

Address for Notices:
         1016 S.W. Taylor
         Portland, Oregon  97205
                                             DATE:  July 10, 1996
                                                    -------------

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

NOTARY:
STATE OF ________________  )
                           )  ss.
County of _______________  )

         The foregoing instrument was acknowledged before me this ____________
day of _____________, 19 __, by the above-named
____________________________________ to be his/her voluntary act and deed.

                                          Notary Public for
                                                            --------------------
                                          My Commission Expires:
                                                                  --------------

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

                                   EXHIBIT "A"

                                PERSONAL GUARANTY

                         [Page unavailable in original]

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

                                   EXHIBIT "B"

                                  [SPACE PLAN]

                         [Graphic of space floor plan.]

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>

                                   EXHIBIT "C"

                          INTERIOR SPACE WORK AGREEMENT

                         [Page unavailable in original]

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit A

<PAGE>
[LOGO]

                          American Property Management
                               Commercial Division
                   2154 N.E. Broadway o Portland, Oregon 97232
             Mailing Address: P.O. Box 42127, Portland, Oregon 97212
                    Phone (503) 284-2147 o FAX (603) 287-1587

                                 LEASE EXTENSION

                                 April 10, 1997

AMERICAN PROPERTY MANAGEMENT Account #C-8703-02

It is mutually agreed that the Lease Agreement dated July 9, 1996, between
AMERICAN PROPERTY MANAGEMENT as agent for and on behalf of WESTON HOLDING CO.,
L.L.C. (Lessor), and David J. Neff, Individually (Lessee), for the retail space
#1016 in the Jeffrey Center Office Building at 1016 S.W. Taylor, in Portland,
Oregon, consisting of approximately 1,902 square feet is hereby modified and
extended as follows:

Article 1

The extension term shall be for a period of three (3) years commencing August 1,
1997 and terminating July 31, 2000.

Article 2

Commencing August 1, 1997 the initial base rental for the extension term shall
be $1,981.25 per month.

Article 3

The rental adjustment dates will be August 1, 1998 and August 1, 1999 and
adjusted as follows:

The rental will be adjusted on the annual anniversary date of the LEASE if the
LEASE is for a term of one (1) year or longer. On said anniversary date the
rental adjustment will be a five percent (5%) increase over the yearly rental
rate paid the current year term now expiring.

Article 4

The following shall replace in its entirety the original Lease Section 11.2,
Remedies to Default:

In case of default as described in Section 11.2 of the original Lease, the
LESSOR shall have the right to the following remedies which are intended to e
cumulative and in addition to any other remedies provided under applicable law:

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>

(a) LESSOR may terminate the LEASE and retake possession of the Premises.
Following such retaking of possession, efforts by LESSOR to relet the Premises
shall be sufficient if LESSOR follows its usual procedure for finding tenants
for the space at rates not less than the current rates for other comparable
space in the Building. If LESSOR has other vacant space in the Building,
prospective tenants may be placed in such other space without prejudice to
LESSOR's claim to damages or loss of rental from LESSEE.

(b) LESSOR may recover all damages caused by LESSEE'S default which shall
include an amount equal to rentals lost because of the default, lease
commissions paid for this LEASE, the unamortized cost of any tenant improvements
installed by LESSOR to meet LESSEE'S special requirements and the cost of any
clean up, refurbishing, lock changes and removal of the LESSEE'S property and
fixtures. LESSOR may sue periodically to recover damages as they occur
throughout the lease term, and no action for accrued damages shall bar a later
action for damages subsequently accruing. LESSOR may elect in any one action to
recover accrued damages plus damages attributable to the remaining term of the
lease. Such damages shall be measured based upon the rent due under this LEASE
for the remainder of the term, discounted to the time of judgment at the
prevailing interest rates on judgments.

(c) LESSOR may make any payment or perform any obligation which LESSEE has
failed to perform, in which case LESSOR shall be entitled to recover from LESSEE
upon demand all amounts so expended, plus interest from the date of the
expenditure at the rate of one-and-one-half percent (1 1/2%) per month. Any such
payment or performances by LESSOR shall not waive LESSEE'S default.

Article 5

The following shall replace in it's entirety the original Lease Section 23.1,
Notice of Non-Renewal:

The LESSEE shall give the LESSOR written notice of LESSEE'S intent regarding the
expiration of the LEASE not more than ninety (90) days and not less than sixty
(60) days prior to the expiration date of this LEASE. In the event the LESSEE
fails to give written notice within the prescribed time frame, the LESSOR
reserves the right to market and lease the Premises. In the event the LESSEE
gives the LESSOR written notice of LESSEE'S intent to renew, but the LESSEE and
LESSOR fail to fully execute a Lease Extension within thirty (30) days of the
LEASE expiration, the LESSOR reserves the right to market and lease the Premises
to another party.

Article 6

LESSEE shall not include anything in LESSEE'S window displays which in LESSOR'S
reasonable opinion: (i) may injure the reputation of the retail portion of the
Building; (ii) may be offensive to customers of the retail portion of the
Building; or (iii) is contrary to the standards of merchandising, marketing,
and/or store operation from time to time established by LESSOR for the retail
portion of the Building.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>

LESSEE agrees to: (i) maintain the Premises in a clean and orderly fashion; (ii)
make all necessary repairs and replacements; and (iii) comply with all of
LESSOR'S rules and regulations required to maintain the Premises in a clean and
orderly fashion consistent with the use and appearance of the building and in
accordance with the provisions of this LEASE. In the event that LESSEE does not
conform to these provisions, LESSOR reserves the right, upon reasonable advance
written notice, and at LESSEE'S sole cost and expense, to enter the Premises for
the specific purpose of rectifying the condition and restoring the Premises to
the condition, use, and appearance required by the LESSOR pursuant to this
LEASE. Such entry by LESSOR does not constitute LESSOR'S acceptance of LESSEE'S
surrender of the Premises.

Article 7

This offer to extend Lessee's Lease shall expire a the sole option of the Lessor
if this Lease Extension is not signed and delivered to the Lessor with no
changes and accompanied by appropriate pre-paid monies by April 18, 1997.

Article 8

Lessor Agreed Tenant Improvements - See Exhibit "B-1" Space Plan and Exhibit
"C-1" Interior Space Work Agreement.

Article 9

[First Line of text illegible]
incorporating all of the terms and conditions contained in the original Lease
heretofore made between Lessee and Lessor, or Lessor's predecessor in interest,
except as modified by the terms of this Lease Extension. If any provisions
contained in this Lease Extension are inconsistent with any other provisions of
the original Lease, the provisions in this Lease Extension shall control, unless
otherwise provided in this Lease Extension. This Lease Extension is to be
attached to the original Lease, which is to be deemed a part of it. This Lease
Extension shall not be binding at the sole option of the Lessor if, as of the
commencement date of the extension term herein, the Lessee is in default under
any of the provisions of the original Lease above described.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>
IN WITNESS WHEREOF

LESSOR:                                     LESSEE:
AMERICAN PROPERTY MANAGEMENT                David J. Neff, Individually
as agent for and on behalf of
WESTON HOLDING CO., L.L.C.

X                                           By: /s/ David J. Neff
 ----------------------------------            ---------------------------------
 Keith Vernon                               Name: David J. Neff
 Senior Vice President                      Title: President
                                                  ------------------------------
 DATE:                                      DATE: 4-18-97
      -----------------------------              --------

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>

                            EXHIBIT "B-1" SPACE PLAN

                           David J. Neff, Individually
                             1016 S.W. Taylor Street
                             Portland, Oregon 97205
                               Account #C-8703-02

                                  [Floor Plan]

                               THE JEFFREY CENTER
                                    SUITE 116
                                 1016 SW TAYLOR
                               PORTLAND, OR 97205

                                   Acct. #8703

                        1,902 USABLE SQUARE FEET - TOTAL

                                  [Floor Plan]

Any changes to this Exhibit "B-1" Space Plan are subject to LESSOR'S approval.
Any changes to this plan shall be at LESSEE'S cost and expense, shall not delay
lease commencement, and may delay LESSEE'S occupancy.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>

                   EXHIBIT "C-1" INTERIOR SPACE WORK AGREEMENT

                       LESSEE: David J. Neff, Individually
   ACCOUNT #: C-8703-02 BUILDING/SUITE #: The Jeffrey Center 1016 S.W. Taylor

<TABLE>
<CAPTION>
                                              ACCEPTED                AGREED               LESSOR           LESSEE
ITEM                                            AS-IS              IMPROVEMENTS            EXPENSE         EXPENSE
----                                            -----              ------------            -------         -------
<S>                                            <C>               <C>                       <C>             <C>
PAINTING:                                      ___X___           ______None_____           ______          _______
(Building Standard Color)                                        _______________

FLOORCOVERING:                                 ___X___           ______None_____           ______          _______
(Building Standard Carpet Color/Cove                             _______________
Base Color)

VINYL FLOORCOVERING:                           ___X___           ______None_____           ______          _______
(Building Standard Vinyl)                                        _______________

LIGHTING:                                      ___X___           ______None_____           ______          _______
(Building Standard Fixtures)                                     _______________

ELECTRICAL:                                    ___X___           ______None_____           ______          _______
(Building Standard 110 Volt)                                     _______________

CEILING:                                       ___X___           ______None_____           ______          _______
(Building Standard Acoustical Tile)                              _______________

PARTITIONS:                                    ___X___           ______None_____           ______          _______
(Building Standard Sheetrock)                                    _______________

DOORS/FRAMES:                                  ___X___           ______None_____           ______          _______
(Building Standard Quality)                                      _______________

LOCKS/HARDWARE:                                ___X___           ______None_____           ______          _______
(Building Standard Quality)                                      _______________

RELIGHTS:                                      ___X___           ______None_____           ______          _______
(Building Standard Interior)                                     _______________

WINDOWCOVERING:                                ___X___           ______None_____           ______          _______
(Building Standard Interior)                                     _______________

TELEPHONE:                                     ___X___           ______None_____           ______          _______
(Building Standard Mud Rings)                                    _______________

PLUMBING:                                      ___X___           ______None_____           ______          _______
</TABLE>

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>

OTHER:  None
        ---------------------------------------------------------

If LESSEE is modifying their existing space layout, or expanding their leased
premises, it is understood and agreed that all LESSOR Agreed Tenant Improvement
work may be performed during normal hours and will not be deemed as an
interruption of LESSEE'S business and that AMERICAN PROPERTY MANAGEMENT CORP.
assumes no liability for damage to any existing hidden electrical located in the
walls, ceiling and/or floors (i.e., electrical for phones, fax, computers,
office equipment, etc.) that is not indicated on this agreement and brought to
the attention and brought to the attention of AMERICAN PROPERTY MANAGEMENT CORP.
prior to the office remodel or is not equipped with an appropriate power surge
protection device.

                                            LESSOR INITIAL KRV LESSEE INITIAL DN
                                                           ---                --
                                                                       Exhibit B

<PAGE>
[LOGO]

                          American Property Management

                2154 N.E. Broadway - Portland, Oregon 97232-1590
          Mailing Address: P.O. Box 12127, Portland, Oregon 97212-0127
                    Phone (503) 284-2147 - FAX (503)287-1587

                                                     Professional Management of:
                                                     -  Apartments
                                                     -  Office Buildings
                                                     -  Commercial Properties
                                                     -  Industrial Properties
                                                     -  Shopping Centers
                                                     -  Mini-Storage

                            FIRST AMENDMENT TO LEASE

                                  July 30, 1997

AMERICAN PROPERTY MANAGEMENT Account #C-8703-02

The following First Amendment to the Original Lease (LEASE) dated July 9, 1996
and extended on April 10, 1997 between AMERICAN PROPERTY MANAGEMENT CORP. as
managing agent and on behalf of WESTON HOLDING CO., L.L.C. (LESSOR) and David J.
Neff, Individually (LESSEE) regarding the premises located at 1016 S.W. Taylor
Street, Portland, Oregon 97205.

If any provision contained in this First Amendment to Lease are inconsistent
with any other provisions of the LEASE, the provisions contained in this First
Amendment to Lease shall control, unless otherwise provided in this First
Amendment to Lease.

The LEASE shall be amended as follows:

Page One:

The account number shall include #C-8740-02.

The premises shall include Suite #555 at 1020 S.W. Taylor Street, Portland,
Oregon 97205 (Expansion Space).

The premises square footage shall increase by 349 rentable square feet.

The base rental shall increase by $349.00 per month commencing August 1, 1997.

The Expansion Space LEASE shall commence for Suite #555 on August 1, 1997.

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C
<PAGE>

The LEASE expiration shall be July 31, 2000.

Section #3.1 Lease Consideration:

The Lease Consideration Deposit shall increase by $349.00.

Section #35.1, Interior Design and Modification:

Existing Space, 1016 S.W. Taylor Street shall remain "as is".

Expansion Space, Suite #555 is described on the attached Exhibit "B-1" Space
Plan.

                          Ask our tenants about us(TM)

Section #36.1, Lessor Agreed Tenant Improvements:

Existing premises, 1016 S.W. Taylor Street shall remain "as is".

Expansion Space, Suite #555 shall be improved based on the attached Exhibit
"C-1" Interior Space Work Agreement.

Standard of Measurement for Suite #555:

         A.)      Useable Square Footage

                  Is that area from the center of the tenant demising wall to
                  the center of the opposite tenant demising wall which is
                  established by the American National Standard Method of
                  Measurement of Office Floor Space (ANSI Z65.1-1980) and the
                  Building Owners and Manager Association (BOMA).

         B.)      Load Factor

                  Is a percentage of all the Building common areas such as
                  Building lobby, elevator lobbies, common hallways, common
                  restrooms, common utility service closets, common conference
                  room, common canteen kitchen lounge areas and designated
                  smoking areas. Not calculated is vertical floor penetrations
                  such as stairways, elevator shafts or mechanical shafts.

         C.)      Rentable Square Footage

                  Is the calculated useable square footage plus a percentage of
                  the common area of the building. The total of the two equal
                  rentable square footage.

                  Formula:

                  Expansion Space, Suite #555

                  317 useable square feet - 10% Load Factor = 349 rentable
                  square feet

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C

<PAGE>

                  Note:  The actual common area square footage exceeds the 10%
                  Load Factor of the Lease.

                  These square footages are approximations only and may vary
                  from the actual square footage. Prior to occupancy LESSEE may
                  inspect and measure the Expansion Space to confirm the square
                  footage. As of occupancy LESSEE shall have deemed to have
                  accepted the Expansion Space, and will be deemed to have
                  waived any objection to the square footage approximations set
                  forth herein.

Special Provision:

This First Amendment to Lease does not allow Lessee to provide Internet Service
to the tenants in the building.

Expiration of Offer:

This offer to amend the LEASE shall expire at the sole option of the LESSOR if
this Lease Agreement is not signed by the LESSEE and delivered to the LESSOR
with no changes and accompanied by appropriate prepaid monies by July 31, 1997.

All other terms and conditions of the LEASE shall apply.

LESSOR:                                        LESSEE:
AMERICAN PROPERTY MANAGEMENT CORP.             David J. Neff, Individually
As agent and on behalf of
WESTON HOLDING CO., L.L.C.

X___________________________________           X  /s/ David Neff
                                                ---------------------------
   Keith R. Vernon                             Name: David J. Neff, Individually
   Senior Vice President                       Title: President
                                                      -----------------

Date:______________________                    Date: 8-4-97
                                                     ------------

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C

<PAGE>

                    EXHIBIT "B-1" EXPANSION SPACE SUITE #555

                           David J. Neff, Individually
                           1020 S.W. Taylor, Suite 555
                             Portland, Oregon 97205
                               Account #C-8740-02

                                  [Floor Plan]

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C

<PAGE>

                   EXHIBIT "C-1" INTERIOR SPACE WORK AGREEMENT

                       LESSEE: David J. Neff, Individually
        ACCOUNT #: C-8740-02 BUILDING/SUITE #: Jeffrey Center/Suite #555

<TABLE>
<CAPTION>
                                              ACCEPTED                AGREED               LESSOR           LESSEE
ITEM                                            AS-IS              IMPROVEMENTS            EXPENSE         EXPENSE
----                                            -----              ------------            -------         -------
<S>                                            <C>               <C>                       <C>             <C>
PAINTING:                                      ___X___           ______None_____           ______          _______
(Building Standard Color)                                        _______________

FLOORCOVERING:                                 ___X___           ______None_____           ______          _______
(Building Standard Carpet Color/Cove                             _______________
Base Color)

VINYL FLOORCOVERING:                           ___X___           ______None_____           ______          _______
(Building Standard Vinyl)                                        _______________

LIGHTING:                                      ___X___           ______None_____           ______          _______
(Building Standard Fixtures)                                     _______________

ELECTRICAL:                                    ___X___           ______None_____           ______          _______
(Building Standard 110 Volt)                                     _______________

CEILING:                                       ___X___           ______None_____           ______          _______
(Building Standard Acoustical Tile)                              _______________

PARTITIONS:                                    ___X___           ______None_____           ______          _______
(Building Standard Sheetrock)                                    _______________

DOORS/FRAMES:                                  ___X___           ______None_____           ______          _______
(Building Standard Quality)                                      _______________

LOCKS/HARDWARE:                                ___X___           ______None_____           ______          _______
(Building Standard Quality)                                      _______________

RELIGHTS:                                      ___X___           ______None_____           ______          _______
(Building Standard Interior)                                     _______________

WINDOWCOVERING:                                ___X___           ______None_____           ______          _______
(Building Standard Interior)                                     _______________

TELEPHONE:                                     ___X___           ______None_____           ______          _______
(Building Standard Mud Rings)                                    _______________

PLUMBING:                                      ___X___           ______None_____           ______          _______

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C
<PAGE>

HVAC:                                          _______           HVAC units to be          ___X___         _______
                                                             operational, if repairs
                                                               are required will be
                                                                 performed after
                                                                 August 1, 1997.
</TABLE>

If LESSEE is modifying their existing space layout, or expanding their leased
premises, it is understood and agreed that all Lessor Agreed Tenant Improvement
work may be performed during normal hours and will not be deemed as an
interruption of LESSEE'S business and that AMERICAN PROPERTY MANAGEMENT CORP.
assumes no liability for damage to any existing hidden electrical located in the
walls, ceiling and/or floors (i.e., electrical for phones, fax, computers,
office equipment, etc.) that is not indicated on this agreement and brought to
the attention of AMERICAN PROPERTY MANAGEMENT CORP. prior to the office remodel
or is not equipped with an appropriate power surge protection device.

If any provisions contained in this Exhibit "C-1" Interior Space Work Agreement
are inconsistent with any other provisions contained in this LEASE (ie: Exhibit
"B-1" Space Plan), the provisions contained in this Exhibit "C-1" Interior Space
Work Agreement shall control.

                                            LESSOR INITIAL     LESSEE INITIAL
                                                           ---                --
                                                                       EXHIBIT C

<PAGE>
[LOGO]

                          AMERICAN PROPERTY MANAGEMENT
                   2154 N.E. Broadway - Portland, Oregon 97232
             Mailing Address: P.O. Box 12127, Portland, Oregon 97212
                     Phone (503) 284-2147 Fax (503)287-1587

                            SECOND AMENDMENT TO LEASE

                                January 18, 1999

AMERICAN PROPERTY MANAGEMENT Account #C-8703-02

The following Second Amendment to Lease shall amend the original Lease dated
July 9, 1996 the Lease Extension dated April 10, 1997 and the First Amendment to
Lease dated July 30, 1997 (collectively the LEASE) between AMERICAN PROPERTY
MANAGEMENT CORP. as agent for and on behalf of WESTON HOLDING CO., L.L.C.,
("LESSOR") and David J. Neff, Individually, ("LESSEE") regarding the Premises
located at 1016 SW Taylor Street, Portland, Oregon 97205 the ("LEASE").

If any provisions contained in this Second Amendment to Lease are inconsistent
with any other provisions of the LEASE, the provisions contained in this Second
Amendment to Lease shall control, unless otherwise provided in the Second
Amendment to Lease.

The LEASE shall be amended as follows:

1.) Page One:

The account number shall include #C-8701-03.

The Premises shall include 1008 SW Taylor Street (Expansion Space).

The Premises square footage shall increase by 457 useable square feet.

The base rental shall increase by $533.17 per month commencing February 6, 1999.

The Expansion Space LEASE shall commence for 1008 SW Taylor Street on February
6, 1999.

The LEASE expiration for the initial Premises and the Expansion Space shall be
January 31, 2002.

2.) Section #3.1, Lease Consideration:

The initial Lease Consideration Deposit shall increase by $587.82.

                                      (1)
                                                                       EXHIBIT D

<PAGE>

3.) Section #35.1, Interior Design and Modification:

Initial Premises, 1016 SW Taylor Street shall remain "as is".

Expansion Space, 1008 SW Taylor Street shall be improved based on the attached
Exhibit "B" Space Plan.

4.) Section #36.1, Lessor Agreed Tenant Improvements:

Initial Premises, 1016 SW Taylor Street shall remain "as is".

Expansion Space, 1008 SW Taylor Street shall be improved based on the attached
Exhibit "C-2" Interior Space Work Agreement for 1008 SW Taylor Street.

If any provisions contained in this Exhibit "C-2" Interior Space Work Agreement
are inconsistent with any other provisions contained in this LEASE (ie: Exhibit
"B" Space Plan), the provisions contained in this Exhibit "C-2" Interior Space
Work Agreement shall control.

5.) Floor Plan:

                  See attached Exhibit "E" Floor Plan.

6.) Article 3:

The following shall replace in its entirety Article 3 of the Lease Extension
date April 10, 1997.

Effective August 1, 1999 the rental amount shall be $2,717.50 per month.

Effective thereafter the base rental amount shall be increased by the percentage
increase in the yearly Consumer Price Index for US City average (all urban
consumer) using a base of May 1999 and the same Consumer Price Index as of May
2000, and on the same month of each year for the remaining lease term. Such
information will be secured from the US Bureau of Labor Statistics. Said
increase shall be subject to a minimum annual increase of 3% and a maximum
annual increase of 5%.

The rental adjustment dates shall be August 1, 2000 and August 1, 2001.

7.) Special Provision #1:

It is acknowledged and agreed that the LESSOR will not guarantee the temperature
ranges in the Expansion Space due to the LESSEE'S installation of heat
generating equipment and no additional heating or cooling shall be provided by
the LESSOR. It shall be the LESSEE'S sole responsibility for any changes
necessary in the heating ventilation and air conditioning system to accommodate
the heat generating equipment at LESSEE'S sole cost and expense. The existing
heating ventilation and air conditioning system are provided "as-is".

                                      (2)
                                                                       EXHIBIT D

<PAGE>

8.) Special Provision #2:

This Second Amendment to Lease is contingent upon the termination of the
existing Lease Agreement between the LESSOR and N.B. & S., Inc. for 1008 SW
Taylor Street.

9.) Special Provision #3:

Upon the commencement date of the Expansion Space it is agreed that the LESSEE
will have no further lease obligation for Suite #555 at 102 SW Taylor Street as
described in the First Amendment to Lease dated July 30, 1997 subject to the
LESSEE completely vacating Suite #555. LESSEE agrees to completely vacate Suite
#555 on or before February 6, 1999 or upon the commencement date of base rental
for 1008 SW Taylor Street whichever occurs first.

10.) Expiration of Offer:

This offer to amend the LEASE shall expire at the sole option of the LESSOR if
this Lease Agreement is not signed by the LESSEE and delivered to the LESSOR
with no changes and accompanied by appropriate prepaid monies by January 22,
1999.

11.) Notice of Non Renewal:

Section 23-1 of the original Lease dated July 9, 1997 shall be deleted in it's
entirety.

All other terms and conditions of the LEASE shall apply:

LESSOR:                                           LESSEE:
AMERICAN PROPERTY MANAGEMENT                      DAVID J. NEFF, Individually
CORP., as Agent for and on behalf of
WESTON HOLDING CO. L.L.C.

X/s/ Douglas D. Lindholm                          X/s/ David J. Neff
 ----------------------------                      ----------------------
     Douglas D. Lindholm                            David J. Neff, Individually
     Vice President of Commercial Property

Date:  1/20/99                                    Date: 1/19/99
       ------------                                     ------------

                                      (3)
                                                                       EXHIBIT D

<PAGE>

                 EXHIBIT "B" SPACE PLAN FOR THE EXPANSION SPACE

                           David J. Neff, Individually
                              1008 SW Taylor Street
                             Portland, Oregon 97205
                               Account #C-8701-03

                                  [Floor Plan]

Any changes to this Exhibit "B" Space Plan are subject to LESSOR'S approval. Any
changes to this plan shall be at LESSEE'S sole cost and expense, shall not delay
lease commencement, and may delay LESSEE'S occupancy.

                                                                       EXHIBIT D

<PAGE>
                   EXHIBIT "C-2" INTERIOR SPACE WORK AGREEMENT

                       LESSEE: David J. Neff, Individually
      ACCOUNT #: C-8701-03 BUILDING/SUITE #: Jeffrey Center 1008 SW Taylor

<TABLE>
<CAPTION>
                                              ACCEPTED                AGREED               LESSOR           LESSEE
ITEM                                            AS-IS              IMPROVEMENTS            EXPENSE         EXPENSE
----                                            -----              ------------            -------         -------
<S>                                              <C>          <C>                         <C>              <C>
PAINTING:                                        ___          Paint premises, color           X            _______
(Building Standard Color)                                       to be Stream Gray.            -

FLOORCOVERING:                                   ___          Carpet premises, color          X            _______
(Building Standard Carpet Color/Cove                               to be Lynx.                -
Base Color)

VINYL FLOORCOVERING:                              X                    None                ______          _______
(Building Standard Vinyl)                         -                    ----

LIGHTING:                                        ___                   None                ______          _______
(Building Standard Fixtures)                                           ----

ELECTRICAL:                                      ___             Provide five (5)             X            _______
(Building Standard 110 Volt)                                   dedicated four plug            -
                                                             outlets where indicated
                                                               on Exhibit "B" Space
                                                                       Plan

CEILING:                                         ___          Replace all broken and          X            _______
(Building Standard Acoustical Tile)                           stained ceiling tiles.          -

PARTITIONS:                                       X                    None                ______          _______
(Building Standard Sheetrock)                     -                    ----

DOORS/FRAMES:                                     X                    None                ______          _______
                                                  -                    ----
(Building Standard Quality)

LOCKS/HARDWARE:                                  ___          All interior doors are          X            _______
(Building Standard Quality)                                    to be supplied with            -
                                                             passage door knobs only
                                                              (no locks). Lessor to
                                                              provide 3 suite entry
                                                                    door keys.

RELIGHTS:                                         X                    None                ______          _______
(Building Standard Interior)                      -                    ----

WINDOWCOVERING:                                  ___           Remove existing bars           X            _______
(Building Standard Interior)                                     from store front             -
                                                                     windows.

                                      (5)
                                                                       EXHIBIT D

<PAGE>

TELEPHONE:                                        X                    None                ______          _______
(Building Standard Mud Rings)                     -                    ----

PLUMBING:                                         X                    None                ______          _______
                                                  -                    ----
</TABLE>

Note: LESSEE acknowledges that LESSOR will be performing the above described
work during normal business hours. LESSEE agrees to move all furniture and
equipment at least three (3) feet away from work areas.

If LESSEE is modifying their existing space layout, or expanding their leased
premises, it is understood and agreed that all Lessor Agreed Tenant Improvement
work may be performed during normal business hours and will not be deemed as an
interruption of LESSEE'S business and that AMERICAN PROPERTY MANAGEMENT CORP.
assumes no liability for damage to any existing hidden electrical located in the
walls, ceiling and/or floors (i.e., electrical for phones, fax, computers,
office equipment, etc.) that is not indicated on this agreement and brought to
the attention and brought to the attention of AMERICAN PROPERTY MANAGEMENT CORP.
prior to the office remodel or is not equipped with an appropriate power surge
protection device.

                                      (6)
                                                                       EXHIBIT D
<PAGE>

                             EXHIBIT "E" FLOOR PLAN

                           David J. Neff, Individually
                              1008 SW Taylor Street
                             Portland, Oregon 97205
                               Account #C-8701-03

                                  [Floor Plan]

The above Floor Plan is meant to show the approximate location of the Premises
in relation to the rest of the floor only. It may not show an accurate as-built
drawing and is not meant for tenant improvement purposes.

                                      (7)
                                                                       EXHIBIT DExhibit 4.3
                                                                     -----------

                    AIG CREDIT PREMIUM FINANCE MASTER TRUST,

                                    as Issuer

                                       and

                         BANK ONE, NATIONAL ASSOCIATION,

                                   as Trustee

                            on behalf of Noteholders

                            SERIES 2001-1 SUPPLEMENT

                                Dated as of [___]

                                       to

                                 BASE INDENTURE

                          Dated as of November 8, 1999

                     AIG CREDIT PREMIUM FINANCE MASTER TRUST

                                  SERIES 2001-1

                       Premium Finance Asset Backed Notes

<PAGE>

                                TABLE OF CONTENTS
<TABLE>
                                                                                                      Page
                                                                                                      ----
<S>                                                                                                    <C>
PRELIMINARY STATEMENT...................................................................................1

DESIGNATION.............................................................................................1

SECTION 1.....................................................................................Definitions
         1

SECTION 2................................................................Article 3 of the Base Indenture. 20

                                            ARTICLE 3....................................INITIAL ISSUANCE 20

                                                     SECTION 3.1 .......................Initial Issuance. 20

SECTION 3..........................................................................Servicing Compensation 20

SECTION 4....................................................................................Cleanup Call 21

SECTION 5..............................................................Delivery and Payment for the Notes 21

SECTION 6........................................Form of Delivery of the Notes; Depository; Denominations 21

SECTION 7.....................................................................Article 5 of Base Indenture 22

                                            ARTICLE 5...........ALLOCATION AND APPLICATION OF COLLECTIONS 22

                                                     SECTION 5.10 ..................Rights of Noteholders 22

                                                     SECTION 5.11 ............................Allocations 22

                                                     SECTION 5.12 ......Determination of Monthly Interest 27

                                                     SECTION 5.13 .....Determination of Monthly Principal 28

                                                     SECTION 5.14 ............Coverage of Required Amount 29

                                                     SECTION 5.15 .......................Monthly Payments 30

                                                     SECTION 5.16 ...................Investor Charge-Offs 35

                                                     SECTION 5.17 Excess Spread and Allocation of funds
                                                                  on deposit in the Yield Enhancement
                                                                  Account                                 37

                                                     SECTION 5.18 ......Reallocated Principal Collections 39

                                                     SECTION 5.19 ...........Shared Principal Collections 40

                                                     SECTION 5.20 ..............Yield Enhancement Account 40

                                                     SECTION 5.21 .................Excess Funding Account 42

                                                     SECTION 5.22 ..............Principal Funding Account 43

                                                     SECTION 5.23 ........................Reserve Account 44

                                                     SECTION 5.24 .................Determination of LIBOR 47

                                                     SECTION 5.25 .................Effect of Other Series 48

                                                     SECTION 5.26 Seller's or Servicer's Failure to Make
                                                                  a Deposit or Payment                    48

                                       i
<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

                                                                                                      Page
                                                                                                      ----

                                                     SECTION 5.27 .....................Excess Receivables 48

                                                     SECTION 5.28 .....................Servicing Advances 49

SECTION 8.................................................................Article 6 of the Base Indenture 49

                                            ARTICLE 6............DISTRIBUTIONS AND REPORTS TO NOTEHOLDERS 50

                                                     SECTION 6.1 ...........................Distributions 50

                                                     SECTION 6.2 ..........Monthly Noteholders' Statement 51

SECTION 9......................................................................Series 2001 Pay Out Events 53

SECTION 10......................................................................Series 2001-1 Termination 56

SECTION 11....................................................................................Refinancing 56

SECTION 12.....................................................................................[Reserved] 57

SECTION 13...................................................................................Counterparts 57

SECTION 14..................................................................................Governing Law 57

SECTION 15........................................................................Waiver of Trial by Jury 57

SECTION 16....................................................................................No Petition 57

Exhibit A ........Form of Class A Note
Exhibit B ........Form of Class B Note
Exhibit C.........Form of Class C Note
Exhibit D.........[RESERVED]
Exhibit E.........Form of Monthly Noteholders' Statement
Exhibit F         Additional Items not included in Form of Monthly Noteholders'
                  Statement Report

</TABLE>

                                       ii
<PAGE>

                  SERIES 2001-1 SUPPLEMENT, dated as of [___] (as amended,
modified, restated or supplemented from time to time in with the terms hereof,
this "Series Supplement"), by and among AIG CREDIT PREMIUM FINANCE MASTER TRUST,
a Delaware business trust, as Issuer ("Issuer"), and BANK ONE, NATIONAL
ASSOCIATION, a national banking association, as trustee (together with its
successors in trust under the Base Indenture referred to below, the "Trustee")
to the Base Indenture, dated as of November 8, 1999, between the Issuer and the
Trustee (as amended, modified, restated or supplemented from time to time,
exclusive of Series Supplements, the "Base Indenture").

                  Pursuant to this Series Supplement, the Issuer shall create a
new Series of Notes and shall specify the Principal Terms thereof.

                              PRELIMINARY STATEMENT
                              ---------------------

                  WHEREAS, Section 2.2 of the Base Indenture provides, among
other things, that Issuer and the Trustee may at any time and from time to time
enter into a series supplement to the Base Indenture for the purpose of
authorizing the issuance of one or more Series of Notes.

                  NOW, THEREFORE, the parties hereto agree as follows:

                                   DESIGNATION
                                   -----------

                  (a) There is hereby created a Series of notes to be issued
pursuant to the Base Indenture and this Series Supplement and such Series of
notes shall be designated generally Premium Finance Asset Backed Notes, Series
2001-1. The Notes shall be issued in three classes: (i) Series 2001-1 Class A
Floating Rate Asset Backed Notes, which shall be designated generally as the
"Class A Notes," (ii) the Series 2001-1 Class B Floating Rate Asset Backed
Notes, which shall be designated generally as the "Class B Notes" and (iii) the
Series 2001-1 Class C Floating Rate Asset Backed Notes, which shall be
designated generally as the "Class C Notes." The Class A Notes, the Class B
Notes and the Class C Notes are referred to collectively as the "Notes." The
Notes shall be issued in minimum denominations of $[100,000] and integral
multiples of $[1,000] in excess thereof.

                  (b) Series 2001-1 shall be included in Group One (as defined
below). Series 2001-1 shall not be subordinated to any other Series.

                  SECTION 1. Definitions.
                             -----------

                  In the event that any term or provision contained herein shall
conflict with or be inconsistent with any provision contained in the Base
Indenture, the terms and provisions of this Series Supplement shall govern. All
Article, Section or subsection references herein mean Articles, Sections or
subsections of the Base Indenture, except as otherwise provided herein. All
capitalized terms not otherwise defined herein are defined in the Base

                                       1
<PAGE>

Indenture. Each capitalized term defined herein shall relate only to the Notes
and no other Series of Notes issued by the Trust.

                  "Accumulation Period Factor" shall mean, for each Monthly
Period, a fraction, the numerator of which is equal to the sum of the initial
investor interests of all outstanding Series, and the denominator of which is
equal to the sum of (a) the Initial Investor Interest, (b) the initial investor
interests of all outstanding Series (other than Series 2000-1) which are not
expected to be in their revolving periods, and (c) the initial investor
interests of all other outstanding Series which are not allocating Shared
Principal Collections to other Series and are in their revolving periods;
provided, however, that this definition may be changed at anytime if the Rating
Agency Condition is satisfied.

                  "Accumulation Period Length" shall have the meaning assigned
to such term in subsection 5.15(j).

                  "Accumulation Shortfall" shall initially mean zero and shall
thereafter mean, with respect to any Monthly Period during the Controlled
Accumulation Period, the excess, if any, of the Controlled Deposit Amount for
the previous Monthly Period over the amount deposited into the Principal Funding
Account pursuant to subsections 5.15(e)(i), 5.15(e)(ii) and 5.15(e)(iii) with
respect to the Class A Certificates, the Class B Certificates and the Class C
Certificates, respectively, for the previous Monthly Period.

                  "Additional Amounts" has the meaning specified in the Note
Purchase Agreement.

                  "Adjusted Investor Interest" shall mean, with respect to any
date of determination, an amount equal to the sum of (a) the Class A Adjusted
Investor Interest and (b) the Class B Adjusted Investor Interest and (c) the
Class C Adjusted Interest.

                  "Administrative Agent" has the meaning set forth in the Note
Purchase Agreement.

                  "Aggregate Investor Default Amount" means, with respect to any
Monthly Period, the sum of the Investor Default Amounts in respect of such
Monthly Period.

                  "AIG" means American International Group, Inc., a Delaware
corporation.

                  "Amortization Commencement Aggregate Funded Amount" means the
aggregate investor interest (or adjusted investor interest if applicable) as of
the end of the Revolving Period.

                  "Annualized Monthly Excess Spread Amount" means, in respect of
any Monthly Period, the percentage calculated by dividing (i) an amount equal to
the sum of (A) the amount that is deposited (or would have been deposited but
for the operation of the third paragraph of subsection 5.4(a)) in the Finance
Charge Account pursuant to subsection 5.11(a)(i) on each day during such Monthly

                                       2
<PAGE>

Period, plus (B) the Available Yield Enhancement Amount for the immediately
succeeding Transfer Date, minus (C) the Aggregate Investor Default Amount for
such Monthly Period, minus (D) the Investor Servicing Fee payable on such
Transfer Date, minus (E) the aggregate amount payable to Noteholders in respect
of interest on the immediately succeeding Payment Date by (ii) the average daily
outstanding principal amount of the Notes for such Monthly Period, and
multiplying the resulting quotient by 12.

                  "Available Investor Principal Collections" (A) means with
respect to the Notes and any Monthly Period, an amount equal to (i) the Investor
Principal Collections for such Monthly Period (adjusted for any Servicer
Advances of principal and the reimbursement thereof), minus (ii) the amount of
Reallocated Class C Principal Collections and Reallocated Class B Principal
Collections with respect to such Monthly Period which pursuant to Section 5.18
are required to fund the Class A Required Amount (from Reallocated Class C
Principal Collections and Reallocated Class B Principal Collections) and the
Class B Required Amount (from Reallocated Class C Principal Collections and
Reallocated Class B Principal Collections), plus (iii) the amount of Shared
Principal Collections with respect to Group One that are allocated to Series
2001-1 in accordance with subsections 5.19(a) and (b), and (B) when used with
respect to any other Series, has the meaning specified in the applicable Series
Supplement.

                  "Available Reserve Account Amount" shall mean, with respect to
any Transfer Date, the lesser of (a) the amount on deposit in the Reserve
Account on such date (after taking into account any interest and earnings
retained in the Reserve Account pursuant to subsection 5.23(b) on such date, but
before giving effect to any deposit made or to be made to the Reserve Account on
such date) and (b) the Required Reserve Account Amount.

                  "Available Yield Enhancement Amount" means, with respect to
any Transfer Date, the product of (i) 2.5% and (ii) the product of (A) the
Collections for the related Monthly Period and (B) the Floating Investor
Percentage; provided that in no event shall the Available Yield Enhancement
Amount for any Transfer Date exceed the lesser of (i) sum of Class A Monthly
Interest, Class A Additional Interest, Class B Monthly Interest, Class B
Additional Interest, Class C Monthly Interest and Class C Additional Interest
for such Transfer Date and (ii) the aggregate of all amounts otherwise payable
to the Seller on the current Transfer Date.

                  "Business Day" means, for the purpose of determining LIBOR,
any Business Day (as defined in the Base Indenture) other than a day on which
banking institutions in London, England trading in Dollar deposits in the London
interbank market are authorized or obligated by law or executive order to be
closed; for all other purposes, Business Day has the meaning provided in the
Base Indenture.

                  "Class A Additional Interest" has the meaning specified in
subsection 5.12(a).

                                       3
<PAGE>

                  "Class A Adjusted Investor Interest" shall mean, with respect
to any date of determination, an amount equal to the Class A Investor Interest
minus the funds on deposit in the Principal Funding Account (in an amount not to
exceed the Class A Investor Interest) on such date of determination.

                  "Class A Available Funds" means, with respect to any Monthly
Period, an amount equal to the Class A Floating Allocation of the Collections of
Finance Charge Receivables allocated to the Investor Interest (adjusted for
Servicer Advances of interest and the reimbursement thereof) and deposited in
the Finance Charge Account for such Monthly Period (or to be deposited in the
Finance Charge Account on the related Transfer Date with respect to the
preceding Monthly Period pursuant to the third paragraph of subsection 5.4(a).

                  "Class A Deficiency Amount" has the meaning specified in
subsection 5.12(a).

                  "Class A Fixed Allocation" means, with respect to any Monthly
Period following the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class A Investor Interest as of the close of business on the last day of the
Revolving Period and the denominator of which is equal to the Investor Interest
as of the close of business on the last day of the Revolving Period.

                  "Class A Floating Allocation" means, with respect to any
Transfer Date, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is equal to the Class A Adjusted
Investor Interest and the denominator of which is equal to the Adjusted Investor
Interest.

                  "Class A Initial Investor Interest" means the aggregate
initial principal amount of the Class A Notes, which is $[___].

                  "Class A Investor Allocation" means with respect to any
Monthly Period, (a) with respect to Investor Default Amounts and Finance Charge
Receivables at any time and Principal Receivables during the Revolving Period,
the Class A Floating Allocation, and (b) with respect to Principal Receivables
during the Controlled Accumulation Period, the Rapid Amortization Period, the
Class A Fixed Allocation.

                  "Class A Investor Charge-Offs" has the meaning specified in
subsection 5.16(a).

                  "Class A Investor Default Amount" means, with respect to each
Transfer Date, an amount equal to the product of (a) the Aggregate Investor
Default Amount for the related Monthly Period and (b) the Class A Floating
Allocation applicable for such Transfer Date.

                                       4
<PAGE>

                  "Class A Investor Interest" means, on any date of
determination, an amount equal to (a) the Class A Initial Investor Interest,
minus (b) the aggregate amount of principal payments in respect of an
amortization period the Class A Notes made to Class A Noteholders prior to such
date, minus (c) the aggregate amount of Class A Investor Charge-Offs pursuant to
subsection 5.16(a), plus (d) the aggregate amount of Excess Spread and funds on
deposit in the Yield Enhancement Account allocated and available on all prior
Transfer Dates pursuant to subsection 5.17(b) for the purpose of reimbursing
amounts deducted pursuant to the foregoing clause (c).

                  "Class A Monthly Interest" means the monthly interest payable
in respect of the Class A Notes as calculated in accordance with subsection
5.12(a).

                  "Class A Monthly Principal" means the monthly principal
payable in respect of the Class A Notes as calculated in accordance with
subsection 5.13(a).

                  "Class A Note Rate" means, with respect to each Interest
Period prior to the Refinance Date, a variable rate equal to ___% in excess of
LIBOR, as determined on the related LIBOR Determination Date and for each
Interest Period beginning on or after the Refinance Date a variable rate equal
to __% in excess of LIBOR as determined on the related LIBOR Determination Date
plus, if the Payout Event described in Section 9.1(q) herein has occurred, 2%
per annum.

                  "Class A Noteholder" means the Person in whose name a Class A
Note is registered in the Note Register.

                  "Class A Notes" means any of the notes executed and
authenticated by or on behalf of the Trustee, substantially in the form of
Exhibit A hereto. The outstanding balance of the Class A Notes will at all times
equal the Class A Investor Interest.

                  "Class A Prior Period Interest" means the sum, with respect to
each Interest Period in which the Class A Notes would have accrued interest on
the Class A Investor Interest had such Class A Investor Interest not been
reduced for reasons other than the payment of principal to the Class A
Noteholders, of an amount equal to the product of (i) the Class A Note Rate in
effect during such Interest Period plus 2% per annum, (ii) the actual number of
days in such Interest Period divided by 360 and (iii) the amount by which the
Class A Investor Interest was less than the Class A Investor Interest during
such Interest Period for reasons other than the payment of principal to the
Class A Noteholders; provided, however, that Class A Prior Period Interest will
not be distributed until the Payment Date(s) following the Transfer Date on
which the Class A Investor Interest has been reimbursed in full for any
reductions.

                  "Class A Required Amount" has the meaning specified in
subsection 5.14(a).

                  "Class A Servicing Fee" has the meaning specified in Section 3
hereof.

                                       5
<PAGE>

                  "Class B Additional Interest" has the meaning specified in
subsection 5.12(b).

                  "Class B Adjusted Investor Interest" shall mean, with respect
to any date of determination, an amount equal to the Class B Investor Interest
minus the excess, if any, of the Principal Funding Account Balance over the
Class A Investor Interest on such date of determination (such excess not to
exceed the Class B Investor Interest).

                  "Class B Available Funds" means, with respect to any Monthly
Period, an amount equal to the Class B Floating Allocation of the Collections of
Finance Charge Receivables allocated to the Investor Interest (adjusted for
Servicer Advances of interest and the reimbursement thereof) and deposited in
the Finance Charge Account for such Monthly Period (or to be deposited in the
Finance Charge Account on the related Transfer Date with respect to the
preceding Monthly Period pursuant to the third paragraph of subsection 5.4(a)).

                  "Class B Deficiency Amount" has the meaning specified in
subsection 5.12(b).

                  "Class B Fixed Allocation" means, with respect to any Monthly
Period following the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class B Investor Interest as of the close of business on the last day of the
Revolving Period and the denominator of which is equal to the Investor Interest
as of the close of business on the last day of the Revolving Period.

                  "Class B Floating Allocation" means, with respect to any
Transfer Date, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is equal to the Class B Adjusted
Investor Interest and the denominator of which is equal to the Adjusted Investor
Interest.

                  "Class B Initial Investor Interest" means the aggregate
initial principal amount of the Class B Notes, which is $[___].

                  "Class B Investor Allocation" means with respect to any
Monthly Period, (a) with respect to Investor Default Amounts and Finance Charge
Receivables at any time or Principal Receivables during the Revolving Period,
the Class B Floating Allocation, and (b) with respect to Principal Receivables
during the Controlled Accumulation Period, or the Rapid Amortization Period, the
Class B Fixed Allocation.

                  "Class B Investor Charge-Offs" has the meaning specified in
subsection 5.16(b).

                  "Class B Investor Default Amount" means, with respect to each
Transfer Date, an amount equal to the product of (a) the Aggregate Investor

                                       6
<PAGE>

Default Amount for the related Monthly Period and (b) the Class B Floating
Allocation applicable for such Transfer Date.

                  "Class B Investor Interest" means, on any date of
determination, an amount equal to (a) the Class B Initial Investor Interest,
minus (b) the aggregate amount of principal payments in respect of an
amortization period of the Class B Notes made to Class B Noteholders prior to
such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for
all prior Transfer Dates pursuant to subsection 5.16(b), minus (d) the amount of
the Reallocated Class B Principal Collections allocated pursuant to subsection
5.18(a) and (b) on all prior Transfer Dates for which the Class C Investor
Interest has not been reduced, minus (e) an amount equal to the amount by which
the Class B Investor Interest has been reduced on all prior Transfer Dates
pursuant to subsection 5.16(a) and plus (f) the aggregate amount of Excess
Spread and funds on deposit in the Yield Enhancement Account allocated and
available on all prior Transfer Dates pursuant to subsection 5.17(d) for the
purpose of reimbursing amounts deducted pursuant to the foregoing clauses (d),
(e) and (f).

                  "Class B Monthly Interest" means the monthly interest payable
in respect of the Class B Notes as calculated in accordance with subsection
5.12(b).

                  "Class B Monthly Principal" means the monthly principal
payable in respect of the Class B Certificates as calculated in accordance with
subsection 5.13(b).

                  "Class B Note Rate" means, with respect to each Interest
Period prior to the Refinance Date, a variable rate equal to ___% in excess of
LIBOR, as determined on the related LIBOR Determination Date and for each
Interest Period beginning on or after the Refinance Date a variable rate equal
to __% in excess of LIBOR as determined on the related LIBOR Determination Date
plus, if the Payout Event described in Section 9.1(q) herein has occurred, 2%
per annum.

                  "Class B Noteholder" means the Person in whose name a Class B
Note is registered in the Note Register.

                  "Class B Notes" means any of the notes executed and
authenticated by or on behalf of the Trustee, substantially in the form of
Exhibit B hereto. The outstanding balance of the Class B Notes will at all times
equal the Class B Investor Interest.

                  "Class B Prior Period Interest" shall mean, with respect to
each Interest Period in which the Class B Notes would have accrued interest on
the outstanding principal balance of the Class B Notes had the outstanding
principal balance of the Class B Notes not been reduced for reasons other than
the payment of principal to the Class B Noteholders, an amount equal to the sum
of (a) the product of (i) the Class B Note Rate in effect during such Interest
Period, (ii) the actual number of days in such Interest Period divided by 360
and (iii) the amount by which the outstanding principal balance of the Class B
Notes was less than the outstanding principal balance of the Class B Notes
during such Interest Period for reasons other than the payment of principal to
the Class B Noteholders and (b) all unpaid Class B Prior Period Interest from

                                       7
<PAGE>

prior Interest Periods; provided, however, that Class B Prior Period Interest
shall not be distributed until the Payment Date or Payment Dates following the
Transfer Date on which the Class B Notes have been reimbursed in full for any
reductions.

                  "Class B Required Amount" has the meaning specified in
subsection 5.14(b).

                  "Class B Servicing Fee" has the meaning specified in Section 3
hereof.

                  "Class C Additional Interest" has the meaning specified in
subsection 5.12(c).

                  "Class C Adjusted Investor Interest" shall mean with respect
to any date of determination, an amount equal to the Class C Investor Interest,
minus the funds on deposit in the Principal Funding Account in excess of the sum
of the Class A Investor Interest and the Class B Investor Interest on such date
(up to the Class C Investor Interest).

                  "Class C Available Funds" means, with respect to any Monthly
Period, an amount equal to the Class C Floating Allocation of the Collections of
Finance Charge Receivables allocated to the Investor Interest and deposited in
the Finance Charge Account for such Monthly Period (or to be deposited in the
Finance Charge Account on the related Transfer Date with respect to the
preceding Monthly Period pursuant to the third paragraph of subsection 5.4(a)).

                  "Class C Deficiency Amount" has the meaning specified in
subsection 5.12(c).

                  "Class C Fixed Allocation" means with respect to any Monthly
Period following the Revolving Period, the percentage equivalent (which
percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class C Investor Interest as of the close of business on the last day of the
Revolving Period and the denominator of which is equal to the Investor Interest
as of the close of business on the last day of the Revolving Period.

                  "Class C Floating Allocation" means, with respect to any
Transfer Date, the percentage equivalent (which percentage shall never exceed
100%) of a fraction, the numerator of which is the Class C Adjusted Investor
Interest and the denominator of which is equal to the Adjusted Investor
Interest.

                  "Class C Initial Investor Interest" means the aggregate
initial principal amount of the Class C Notes, which is $[___].

                  "Class C Investor Allocation" means with respect to any
Monthly Period, (a) with respect to Investor Default Amounts and Finance Charge
Receivables at any time or Principal Receivables during the Revolving Period,

                                       8
<PAGE>

the Class C Floating Allocation, and (b) with respect to Principal Receivables
during the Controlled Accumulation Period or the Rapid Amortization Period, the
Class C Fixed Allocation.

                  "Class C Investor Charge-Offs" has the meaning specified in
subsection 5.16(c).

                  "Class C Investor Default Amount" means, with respect to any
Transfer Date, an amount equal to the product of (a) the Aggregate Investor
Default Amount for the related Monthly Period and (b) the Class C Floating
Allocation applicable for such Transfer Date.

                  "Class C Investor Interest" means, an amount equal to (a) the
Class C Initial Investor Interest, minus (b) the aggregate amount of principal
payments in respect of an amortization period of the Class C Notes made to the
Class C Noteholders prior to such date, minus (c) the aggregate amount of Class
C Investor Charge-Offs for all prior Transfer Dates pursuant to subsection
5.16(c), minus (d) the amount of Reallocated Principal Collections allocated
pursuant to Section 5.18 on all prior Transfer Dates for which the Class C
Investor Interest was reduced, minus (e) an amount equal to the amount by which
the Class C Investor Interest has been reduced on all prior Transfer Dates
pursuant to Section 5.16, and plus (f) the aggregate amount of Excess Spread and
funds on deposit in the Yield Enhancement Account allocated and available on all
prior Transfer Dates pursuant to subsection 5.17(j) for the purpose of
reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e).

                  "Class C Monthly Interest" has the meaning specified in
subsection 5.12(c).

                  "Class C Monthly Principal" means the monthly principal
distributable in respect of the Class C Notes as calculated in accordance with
subsection 5.13(c).

                  "Class C Note Rate" means, [_____]

                  "Class C Noteholder" means the Person in whose name a Class C
Note is registered in the Note Register.

                  "Class C Notes" means any of the notes executed and
authenticated by or on behalf of the Trustee, substantially in the form of
Exhibit C hereto. The outstanding balance of the Class C Notes will at all times
equal the Class C Investor Interest.

                  "Class C Prior Period Interest" shall mean, with respect to
each Interest Period in which the Class C Notes would have accrued interest on
the outstanding principal balance of the Class C Notes had the outstanding
principal balance of the Class C Notes not been reduced for reasons other than
the payment of principal to the Class C Noteholders, an amount equal to the
product of (i) the Class C Note Rate in effect during such Interest Period, (ii)
the actual number of days in such Interest Period divided by 360 and (iii) the

                                       9
<PAGE>

amount by which the outstanding principal balance of the Class C Notes was less
than the outstanding principal balance of the Class C Notes during such Interest
Period for reasons other than the payment of principal to the Class C
Noteholders and (b) all unpaid Class C Prior Period Interest from prior Interest
Periods; provided, however, that Class C Prior Period Interest shall not be
distributed until the Payment Date or Payment Dates following the Transfer Date
on which the Class C Notes have been reimbursed in full for any reductions.

                  "Class C Required Amount" has the meaning specified in
subsection 5.14(c).

                  "Class C Servicing Fee" has the meaning specified in Section 3
hereof.

                  "Closing Date" means [___].

                  "Code" means the Internal Revenue Code of 1986, as amended.

                  "Controlled Accumulation Amount" shall mean for any Transfer
Date during the Controlled Accumulation Period, $________; provided, however,
that if the Accumulation Period Length is determined to be less than 18 months
pursuant to subsection 5.15(j), the Controlled Accumulation Amount for each
Transfer Date with respect to the Controlled Accumulation Period will be equal
to [(i) the product of (x) the sum of (1) the Class A Initial Investor Interest,
(2) the Class B Initial Investor Interest and (3) the Class C Initial Investor
Interest and (y) the Accumulation Period Factor for such Monthly Period divided
by (ii) the Required Accumulation Factor Number.]

                  "Controlled Accumulation Period" shall mean, unless a Pay Out
Event shall have occurred prior thereto, the period commencing at the close of
business on ______, 2007 or such later date as is determined in accordance with
subsection 5.15(j) and ending on the first to occur of (a) a Pay Out
Commencement Date and (b) the Series 2000-1, Termination Date.

                  "Controlled Deposit Amount" means, for any Payment Date with
respect to the Controlled Accumulation Period, an amount equal to the sum of the
Controlled Accumulation Amount for such Transfer Date and any existing
Accumulation Shortfall.

                  "Covered Amount" shall mean an amount, determined as of each
Transfer Date with respect to the Controlled Accumulation Period or the Rapid
Accumulation Period and the first Transfer Date with respect to the Rapid
Amortization Period, equal to the sum of (a) the product of (i) the Class A Note
Rate in effect with respect to such Interest Period, times (ii) a fraction, the
numerator of which is the actual number of days in the related Interest Period
and, the denominator of which is 360, times (iii) the aggregate amount on
deposit in the Principal Funding Account with respect to Class A Monthly
Principal as of the Record Date preceding such Transfer Date, plus (b) the
product of (i) a fraction, the numerator of which is the actual number of days
in such Interest Period and the denominator of which is 360, times (ii) the
Class B Note Rate in effect with respect to such Interest Period, times (iii)

                                       10
<PAGE>

the aggregate amount on deposit in the Principal Funding Account with respect to
Class B Monthly Principal as of the Record Date preceding such Transfer Date.

                  "Cumulative Series Principal Shortfall" means the sum of the
Series Principal Shortfalls (as such term is defined in each of the related
Series Supplements) for each Series in Group One.

                  "Deferred Payment Obligation Return Amount" has the meaning
set forth in the definition of "Eligible Receivable" in Section 1.1 of the Base
Indenture.

                  "Excess Funding Account" has the meaning specified in Section
5.21(a).

                  "Excess Insured Concentration Amounts" is defined in clause
(i) of the definition of Excess Receivables Amount.

                  "Excess Insurer Concentrations Amounts" is defined in clause
(ii) of the definition of Excess Receivables Amounts.

                  "Excess Receivables Amount" means, as of any date of
determination, the sum of:

                  (i) the aggregate unpaid principal balance of all Principal
         Receivables as of the end of the immediately preceding Monthly Period
         having the same Insured but only to the extent such aggregate balance
         is in excess of such Insured's Single Insured Concentration Percentage
         times the aggregate unpaid principal balance of all Principal
         Receivables as of the end of such Monthly Period (such aggregate excess
         amounts, the "Excess Insured Concentration Amounts"); and

                  (ii) the greater of:

                  (a) the sum, for each Moody's Non-Investment Grade Insurer
(including for this purpose any affiliated Moody's Non-Investment Grade Insurer)
of, if more than 5% of the aggregate unpaid principal balance of all Principal
Receivables as of the end of such Monthly Period arise from Premium Finance
Obligations made to finance premiums due to such insurer (including any such
affiliated insurer), the aggregate unpaid principal balance of such Principal
Receivables but only to the extent in excess of such percentage; and

                  (b) the sum, for each insurer (including any affiliated
insurer), of the greater of:

                  (I) if more than 2% of the aggregate unpaid principal balance
of all Principal Receivables as of the end of such Monthly Period arise from
Premium Finance Obligations made to finance premiums due to the same S&P
Non-Investment Grade Insurer (including for this purpose any affiliated S&P
Non-Investment Grade Insurer), the aggregate unpaid principal balance of such

                                       11
<PAGE>

Principal Receivables but only to the extent in excess of such percentage; and

                  (II) if more than 4% of the aggregate unpaid principal balance
of all Principal Receivables as of the end of such Monthly Period arise from
Premium Finance Obligations made to finance premiums due to the same S&P Non-AAA
Insurer (including for this purpose any affiliated S&P Non-AAA Insurer), the
aggregate unpaid principal balance of such Principal Receivables but only to the
extent in excess of such percentage (the greater of such aggregate excess
amounts in clauses (a) and (b), the "Excess Insurer Concentration Amounts"); and

                  and (iii) the excess of the aggregate unpaid principal balance
of Principal Receivables relating to Deferred Payment Obligations (other than
Exempt Deferred Payment Obligations) over 10% of the aggregate unpaid principal
balance of all Principal Receivables, each as of the end of such Monthly Period.

For purposes of making any calculation: pursuant to clause (ii) above, any
amount that would be part of the Excess Receivables Amount under such clause
shall be taken into account only to the extent not already taken into account
under clause (i) above.

                  "Excess Spread" means, with respect to any Transfer Date, the
sum of the amounts with respect to such Transfer Date, if any, specified
pursuant to subsections 5.15(a)(iv), 5.15(b)(iii), and 5.15(c)(ii), plus the
income and earnings referred to in subsections 5.20(d) and 5.21(c).

                  "Exempt Deferred Payment Obligation" means a Deferred Payment
Obligation in respect of which the entity agreeing to pay the Deferred Payment
Obligation Return Amount upon cancellation of the related insurance policy has a
long term unsecured debt rating of Aaa by Moodys and AAA by Standard & Poor's
(or if such entity is AIG or an affiliate of AIG, at least Aa3 by Moody's and
AA- by Standard & Poor's).

                  "Financed Premium Percentage" means, in respect of any Monthly
Period, the ratio (expressed as a percentage) of the aggregate of the portions
of premiums financed or committed to be financed, as of the respective dates of
origination of the related Premium Finance Obligations, of all Additional
Receivables transferred to the Trust during such Monthly Period to the aggregate
of the premiums paid or committed to be paid with respect to such Premium
Finance Obligations.

                  "Fixed Investor Percentage" means, with respect to any Monthly
Period, the percentage equivalent of a fraction, the numerator of which is the
Investor Interest as of the close of business on the last day of the Revolving
Period and the denominator of which is the greater of (a) the aggregate amount
of Principal Receivables (with respect to Originator Receivables) in the Trust
as of the close of business on the last day of the prior Monthly Period and (b)
the sum of the numerators used to calculate the respective investor percentages

                                       12
<PAGE>

used for allocations with respect to Principal Receivables for all outstanding
Series on such date of determination.

                  "Floating Investor Percentage" means, with respect to any
Monthly Period, the percentage equivalent of a fraction, the numerator of which
is the Adjusted Investor Interest as of the end of the day on the Payment Date
occurring during such Monthly Period and the denominator of which is the greater
of (a) the aggregate amount of Principal Receivables (with respect to Originator
Receivables) in the Trust plus of the close of business on the last day of the
preceding Monthly Period ending before the immediately preceding Payment Date
minus Principal Receivables that have been removed from the Trust pursuant to
Section 2.07 of the Sale and Servicing Agreement and (b) the sum of the
numerators used to calculate the respective investor percentages used for
allocations with respect to Finance Charge Receivables, Investor Default Amounts
or Principal Receivables, as applicable, for all outstanding Series on such date
of determination.

                  "Group One" means Series 2001-1 and each other Series
specified in the related series supplement to be included in Group One.

                  "Increase" has the meaning specified in Section 3.1(a).

                  "Initial Investor Interest" means the aggregate initial
principal amount of the Notes, which is $[___].

                  "Insurer Insolvency Event" means, with respect to any insurer,
the commencement of an insolvency, receivership or similar proceeding in respect
of such insurer.

                  "Interest Period" means, with respect to any Payment Date, the
period from and including the Payment Date immediately preceding such Payment
Date (or, in the case of the first Payment Date, from and including the Closing
Date) to but excluding such Payment Date.

                  "Investor Default Amount" means, with respect to any Monthly
Period and any Receivable under a Premium Finance Obligation that became a
Defaulted Obligation during such Monthly Period, an amount equal to the product
of (a) the unpaid amount (including both principal and accrued unpaid finance
charges) of such Receivable as of the date that such Premium Finance Obligation
became a Defaulted Obligation and (b) the Floating Investor Percentage with
respect to such Monthly Period; provided, however, that the calculation of
"Investor Default Amount" shall in no event give effect to losses in respect of
Excess Insured Concentration Amounts computed pursuant to clause (i) of the
definition of Excess Receivables Amount or losses in respect of Excess Insurer
Concentration Amounts (to the extent relating to an Insurer Insolvency Event)
computed pursuant to clause (ii) of such definition.

                                       13
<PAGE>

                  "Investor Interest" means, on any date of determination, an
amount equal to the sum of (a) the Class A Investor Interest, (b) the Class B
Investor Interest and (c) the Class C Investor Interest, each as of such date.

                  "Investor Percentage" means for any Monthly Period, (a) with
respect to Finance Charge Receivables and Investor Default Amounts at any time
and Principal Receivables during the Revolving Period, the Floating Investor
Percentage and (b) with respect to Principal Receivables during the Controlled
Accumulation Period or the Rapid Amortization Period, the Fixed Investor
Percentage.

                  "Investor Principal Collections" means, with respect to any
Monthly Period, the sum of (a) the aggregate amount deposited into the Principal
Account for such Monthly Period pursuant to subsections 5.11(a)(ii), (iii) and
(iv), or 5.11(b)(ii), (iii) and (iv) or 5.11(d)(ii) in each case, as applicable
to such Monthly Period, (b) the aggregate amount to be treated as Investor
Principal Collections pursuant to subsections 5.15(a)(iii), 5.17(a), 5.17(b),
5.17(c), 5.17(d), 5.17(g) and 5.17(h) for such Monthly Period (other than such
amount paid from Reallocated Principal Collections), (c) the aggregate amount of
Collections on deposit in the Excess Funding Account on the related Transfer
Date that are to be deposited in the Principal Account pursuant to subsection
5.11(f) in connection with the refinancing of any Class of Notes, the aggregate
amount deposited in the Payment Account pursuant to Section 11 hereof.

                  "Investor Servicing Fee" has the meaning specified in Section
3 hereof.

                  "Legal Final Payment Date" means [____].

                  "LIBOR" means, for any Interest Period, the composite London
interbank offered rate for one-month Dollar deposits determined by the Trustee
for each Interest Period in accordance with the provisions of Section 5.24.

                  "LIBOR Determination Date" means the second Business Day prior
to the commencement of the second and each subsequent Interest Period (and with
respect to the first Interest Period the second Business Day prior to the
Closing Date).

                  "Long-Term Receivables" has the meaning specified in the last
paragraph of Section 9 hereof.

                  "Mandatory Decrease" has the meaning specified in Section
3.2(a).

                  "Mandatory Servicer Advance" has the meaning specified in
Section 5.28.

                  "Maximum Yield Enhancement Amount" means, with respect to any
Transfer Date, the amount calculated pursuant to the proviso to the definition
of "Available Yield Enhancement Amount," determined on the assumption that the
Class A Note Rate, the Class B Note Rate and the Class C Note Rate used in
determining Class A Monthly Interest, Class B Monthly Interest and Class C
Monthly Interest, respectively, equals in each case 16% per annum or if then

                                       14
<PAGE>

higher, the highest of the then current Class A Note Rate, Class B Note Rate or
Class C Note Rate.

                  "Minimum Trust Interest" means for any date of determination
an amount equal to (a) the product of 104% (or such lesser percentage as each
Rating Agency shall confirm will not result in the reduction, qualification or
withdrawal of the rating of the Class A Notes and such other Classes of Notes as
are held by persons other than the Seller or its affiliates) times the greater
of (x) the maximum Amortization Commencement Aggregate Funded Amount of any
Series then outstanding and (y) the aggregate investor interest (or adjusted
investor interest if applicable) as of such date minus (b) the aggregate
investor interest (or adjusted investor interest if applicable)as of such date
plus (c) the Excess Receivables Amount as of such date applied pursuant to
Section 5.25.

                  "Monthly Interest" means, with respect to any Transfer Date,
the sum of (a) the Class A Monthly Interest, the Class A Additional Interest, if
any, and the unpaid Class A Deficiency Amount, if any, (b) the Class B Monthly
Interest, the Class B Additional Interest, if any, and the unpaid Class B
Deficiency Amount, if any, (c) the Class C Monthly Interest, the Class C
Additional Interest, if any, and the Class C Deficiency Amount, if any, each
with respect to such Transfer Date.

                  "Monthly Payment Rate" means, in respect of any Monthly
Period, a fraction (expressed as a percentage), the numerator of which shall
equal the aggregate Collections received in respect of Principal Receivables and
in Finance Charges on the Originator Receivables and Underlying Receivables
during such Monthly Period and the denominator of which shall equal the
aggregate amount of Originator Receivables and Underlying Receivables at the end
of the preceding Monthly Period.

                  "Monthly Period" has the meaning specified in the Base
Indenture, except that the first Monthly Period with respect to the Notes shall
begin on and include the first day of the month in which the Closing Date occurs
and shall end on and include [___], .

                  "Moody's Non-Investment Grade Insurer" means, on any date of
determination, an insurer that as of the end of the immediately preceding
Monthly Period did not have an insurance financial strength rating of at least
investment grade (i.e., Baa3 or higher) by Moody's, unless Moody's shall have
previously notified the Seller in writing that such insurer is not to be deemed
a Moody's Non-Investment Grade Insurer (and shall not have revoked such
notification).

                  "Net Servicing Fee Rate" means (a) so long as AIC, AICCO, IP
Finance I, IP Finance II and IP Funding or any other affiliate thereof are
separately or collectively the Servicer, 0% per annum and (b) otherwise, 0.50%
per annum.

                  "91 Day Delinquency Amount" means, as of any Transfer Date, an
amount equal to the product of (a) the Floating Investor Percentage and (b) the
aggregate outstanding principal amount as of the end of the immediately
preceding Monthly Period of the Premium Finance Obligations relating to

                                       15
<PAGE>

Receivables then in the Trust that are then overdue 91 days or more after
cancellation of the related insurance policies (or, if cancellation was delayed,
whether due to a stay by reason of an Insured's bankruptcy or other reason,
after the date the policy would have been cancelled in the absence of such
delay).

                  "Noteholder" means (a) with respect to the Class A Notes, the
holder of record of a Class A Note, (b) with respect to the Class B Notes, the
holder of record of a Class B Note, (c) with respect to the Class C Notes, the
holder of record of a Class C Note and (d) with respect to any Notes, the holder
of record of such Notes.

                  "Noteholders" means the holder of record of a Note.

                  "Notes" means the Class A Notes, the Class B Notes and the
Class C Notes.

                  "Offered Notes" means the Class A Notes and Class B Notes.

                  "Optional Servicer Advances" has the meaning specified in
Section 5.28.

                  "Payment Account" means the account established for the
benefit of the Noteholders pursuant to subsection 5.3(c).

                  "Payment Date" means[___], and the fifteenth day of each
calendar month thereafter, or if such fifteenth day is not a Business Day, the
next succeeding Business Day.

                  "Pay Out Commencement Date" means the date on which a Trust
Pay Out Event is deemed to occur pursuant to Section 9.1 of the Base Indenture
or a Series 2001-1 Pay Out Event is deemed to occur pursuant to Section 9
hereof.

                  "Pool Factor" means, with respect to the last day of any
Monthly Period, a number carried out to seven decimals representing the ratio of
the Investor Interests as of such day (determined after taking into account any
reduction therein which will occur on the Payment Date following such last day
of such Monthly Period) to the Initial Investor Interests.

                  "Principal Funding Account" shall have the meaning set forth
in subsection 5.22.

                  "Principal Funding Account Balance" shall mean, with respect
to any date of determination, the principal amount, if any, on deposit in the
Principal Funding Account on such date of determination.

                  "Principal Funding Investment Proceeds" shall mean, with
respect to each Transfer Date, the investment earnings on funds in the Principal
Funding Account (net of investment expenses and losses) for the period from and

                                       16
<PAGE>

including the immediately preceding Transfer Date to but excluding such Transfer
Date.

                  "Principal Funding Investment Shortfall" shall mean, as of
each Transfer Date with respect to the Controlled Accumulation Period and the
first Transfer Date with respect to the Rapid Amortization Period, the amount,
if any, by which the Principal Funding Investment Proceeds for such Transfer
Date are less than the Covered Amount determined as of such Transfer Date.

                  "Rapid Amortization Period" means the Amortization Period
commencing on the Pay Out Commencement Date and ending on the earlier to occur
of (a) the Series 2001-1 Termination Date and (b) the discharge of the Indenture
of the Trust pursuant to Section 12.

                  "Rating Agency" means Moody's and Standard & Poor's.

                  "Reallocated Class B Principal Collections" means, with
respect to any Transfer Date, Collections of Principal Receivables applied in
accordance with subsections 5.18(a) and (b) in an amount not to exceed the
product of (a) the Class B Investor Allocation with respect to the Monthly
Period relating to such Transfer Date and (b) the Investor Percentage with
respect to the Monthly Period relating to such Transfer Date and (c) the amount
of Collections of Principal Receivables with respect to the Monthly Period
relating to such Transfer Date; provided, however, that such amount shall not
exceed the Class B Investor Interest after giving effect to any Class B Investor
Charge-Offs for such Transfer Date.

                  "Reallocated Class C Principal Collections" means, with
respect to any Transfer Date, Collections of Principal Receivables applied in
accordance with subsections 5.18(a) and (b) in an amount not to exceed the
product of (a) the Class C Investor Allocation with respect to the Monthly
Period relating to such Transfer Date and (b) the Investor Percentage with
respect to the Monthly Period relating to such Transfer Date and (c) the amount
of Collections of Principal Receivables with respect to the Monthly Period
relating to such Transfer Date; provided, however, that such amount shall not
exceed the Class C Investor Interest after giving effect to any Class C Investor
Charge-Offs for such Transfer Date.

                  "Reallocated Principal Collections" means the sum of (a)
Reallocated Class B Principal Collections and (b) Reallocated Class C Principal
Collections.

                  ["Reassignment Amount" with respect to a Reassignment Date
pursuant to subsection 2.04(g) of the Sale and Servicing Agreement and Series
2001-1, means an amount equal to (i) the outstanding balance of the Notes of
such Series at the end of the day immediately preceding the Reassignment Date,
less the amount, if any, previously allocated for payment of principal to such
Noteholders on the related Payment Date in the Monthly Period in which the
Reassignment Date occurs, plus (ii) an amount equal to all interest accrued but
unpaid on the Notes of such Series at the applicable Note Rate for the related

                                       17
<PAGE>

Interest Period through the last day of such Interest Period, less the amount,
if any, previously allocated for payment of interest to the Noteholders of such
Series on the related Payment Date in the Monthly Period in which the
Reassignment Date occurs, plus (without duplication) (iii) the aggregate amount
by which the Investor Interest shall have been reduced other than as a result of
principal payments on the Notes, plus (iv) all Class A Refinance Amounts and
Class B Refinance Amounts (including any amounts accruing as a result of the
related reassignment).]

                  "Record Date" means for this Series, the day 5 Business Days
prior to the related Payment Date.

                  "Reference Banks" means four major banks in the London
interbank market selected by the Servicer and identified in an officer's
certificate delivered to the Trustee on the Closing Date or in any subsequent
officer's certificate delivered no later than one Business Day prior to any
applicable LIBOR Determination Date.

                  "Refinance Date" means the date on which the Notes are
redeemed in full pursuant to Section 11 hereof.

                  "Refinancing Price" means an amount equal to the sum of the
unpaid Investor Interest (including any amounts by which the Investor Interest
had previously been reduced for reasons other than payments of principal, but
not reimbursed) and accrued and unpaid amounts and Monthly Interest and Prior
Period Interest on the Notes at the respective Note Rates through the day
preceding the Refinancing Date, less amounts, if any, on deposit on the
Refinancing Date in the Payment Account for the payment of accrued and unpaid
principal and interest on the Notes.

                  "Required Accumulation Factor Number" shall be equal to a
fraction, rounded upwards to the nearest whole number, the numerator of which is
one and the denominator of which is equal to the lowest monthly principal
payment rate on the Accounts, expressed as a decimal, for the 12 months
preceding the date of such calculation; provided, however, that this definition
may be changed at any time if the Rating Agency Condition is satisfied.

                  "Required Reserve Account Amount" shall mean, with respect to
any Transfer Date, an amount equal to (a) ___% of the outstanding principal
balance of the Notes or (b) any other amount designated by the Seller; provided,
however, that if such designation is of a lesser amount, the Seller shall (i)
provide the Servicer and the Trustee with evidence that the Rating Agency
Condition shall have been satisfied and (ii) deliver to the Trustee a
certificate of an authorized officer to the effect that, based on the facts
known to such officer at such time, in the reasonable belief of the Seller, such
designation will not cause a Pay Out Event or an event that, after the giving of
notice or the lapse of time, would cause a Pay Out Event to occur with respect
to Series 2000-1.

                                       18
<PAGE>

                  "Revolving Period" means the period from and including the
Closing Date to, but not including, the earliest of (a) the day the Controlled
Accumulation Period commences and (b) the Pay Out Commencement Date.

                  "S&P Non-AAA Insurer" means, on any date of determination, an
insurer that as of the end of the immediately preceding Monthly Period did not
have a claims-paying ability rating at least as high as the then applicable
rating assigned by Standard & Poor's to the Class A Notes (other than any
Affiliate of AIG with a Standard & Poor's rating of at least AA-), unless
Standard & Poor's shall have previously notified the Seller in writing (and the
Seller has notified Noteholders) that such insurer is not to be deemed an S&P
Non-AAA Insurer (and shall not have revoked such notification).

                  "S&P Non-Investment Grade Insurer" means, on any date of
determination, an insurer that as of the end of the immediately preceding
Monthly Period did not have a claims-paying ability rating of at least
investment grade (i.e., in one of the top four generic rating categories,
irrespective of any plus or minus) by Standard & Poor's (other than any
affiliate of AIG with a Standard & Poor's qualified solvency rating of at least
BBBq), unless Standard & Poor's shall have previously notified the Seller in
writing that such insurer is not to be deemed an S&P Non-Investment Grade
Insurer (and shall not have revoked such notification).

                  "Scheduled Payment Date" means the Payment Date in _________,
2007.

                  "Seller" means A.I. Receivables Transfer Corp.

                  "Series Principal Shortfall" means with respect to the Notes
and any Transfer Date, the excess, if any, of (a) (i) with respect to any
Transfer Date during the Controlled Accumulation Period, the applicable
Controlled Deposit Amount for such Transfer Date or (ii) with respect to any
Transfer Date during the Rapid Amortization Period, the Adjusted Investor
Interest over (b) the Investor Principal Collections less Reallocated Principal
Collections for such Transfer Date.

                  "Series 2001-1" means the Series of the AIG Premium Finance
Loan Master Trust represented by the Notes.

                  "Series 2001-1 Pay Out Event" has the meaning specified in
Section 9 hereof.

                  "Series 2001-1 Termination Date" means the earliest to occur
of (a) the Payment Date on which the Notes plus all other amounts due and owing
to the Noteholders, are paid in full, (b) the Legal Final Payment Date and (c)
the Trust Termination Date.

                  "Servicer Advances" has the meaning specified in Section 5.28.

                                       19
<PAGE>

                  "Servicer Default" has the meaning specified in section 10.01
of the Sale and Servicing Agreement.

                  "Shared Principal Collections" means, with respect to any
Transfer Date, either (a) the amount allocated to the Notes which may be applied
to the "Series Principal Shortfall" with respect to other outstanding Series in
Group One or (b) the amounts allocated to the notes of other Series in Group One
which the applicable Series Supplements for such Series specify are to be
treated as "Shared Principal Collections" and which may be applied to cover the
Series Principal Shortfall with respect to the Notes.

                  "Single Insured Concentration Percentage" means for a given
Insured the percentage calculated by taking the lesser of (a) 3% and (b) the
greater of (i) 1% and (ii) the weighted average remaining installment term of
the Receivables to such Insured, in months, divided by 1200.

                  "Trust" means the AIG Credit Premium Finance Master Trust, a
Delaware business trust.

                  "Unconcentrated 240+ Day Delinquency Percentage" means for any
date of determination the percentage calculated by dividing (a) the sum of the
Unconcentrated Insured Amount for each Receivable relating to a Premium Finance
Obligation that is 240 days or more past cancellation or cancellability of the
related insurance policy, by (b) the aggregate unpaid principal balance of all
Receivables.

                  "Unconcentrated Insured Amount" means for a given Insured the
product of (i) the difference between such Insured's Single Insured
Concentration Percentage and 1% (but such difference cannot be less than zero)
and (ii) the aggregate unpaid principal balance of all Receivables.

                  "Yield Enhancement Account" has the meaning specified in
subsection 5.20(a).

                  SECTION 2. Article 3 of the Base Indenture. Article 3 shall be
read in its entirety as follows and shall be applicable only to the Notes:

                                       20
<PAGE>

                                    ARTICLE 3

                                INITIAL ISSUANCE

                  SECTION 3.1 Initial Issuance. Subject to satisfaction of the
conditions precedent set forth herein, on the Closing Date, the Issuer will
issue the Notes in the aggregate initial principal amount equal to the Initial
Investor Interest in accordance with Section 2.2.

                  SECTION 3. Servicing Compensation. The share of the Servicing
Fee allocable to Series 2001-1 with respect to any Transfer Date (the "Investor
Servicing Fee") shall be equal to the sum of the Class A Servicing Fee, the
Class B Servicing Fee and the Class C Servicing Fee with respect to such date.
The share of the Investor Servicing Fee allocable to the Class A Investor
Interest with respect to any Transfer Date (the "Class A Servicing Fee") shall
be equal to one-twelfth of the product of (i) the Class A Floating Allocation,
(ii) the Net Servicing Fee Rate and (iii) the Investor Interest for the relevant
Interest Period. The share of the Investor Servicing Fee allocable to the Class
B Investor Interest with respect to any Transfer Date (the "Class B Servicing
Fee") shall be equal to one-twelfth of the product of (i) the Class B Floating
Allocation, (ii) the Net Servicing Fee Rate and (iii) the Investor Interest for
the related Interest Period. The share of the Investor Servicing Fee allocable
to the Class C Investor Interest with respect to any Transfer Date (the "Class C
Servicing Fee") shall be equal to one-twelfth of the product of (i) the Class C
Floating Allocation, (ii) the Net Servicing Fee Rate and (iii) the Investor
Interest for the related Interest Period. Except as specifically provided above,
the Investor Servicing Fee shall be paid by the cash flows from the Trust Estate
allocated to the Issuer or the noteholders of other Series (as provided in the
related series supplements) and in no event shall the Trust, the Trustee or the
Noteholders be liable therefor. The Class A Servicing Fee shall be payable to
the Servicer solely to the extent amounts are available for distribution in
respect thereof pursuant to subsections 5.15(a)(ii) and 5.17(a). The Class B
Servicing Fee shall be payable solely to the extent amounts are available for
distribution in respect thereof pursuant to subsections 5.15(b)(ii) and 5.17(d).
The Class C Servicing Fee shall be payable solely to the extent amounts are
available for distribution in respect thereof pursuant to subsections 5.15(c)(i)
and 5.17(g). The Servicing Fee for the first Monthly Period will be zero.

                  SECTION 4. Cleanup Call.

                  (a) The Notes shall be subject to purchase by the Servicer at
its option, in accordance with the terms specified in subsection [12.4(a)] on
any Payment Date on or after the Payment Date on which the Investor Interest is
reduced to an amount less than or equal to 10% of the Initial Investor Interest.

                  (b) The deposit required in connection with any such purchase
will be equal to the sum of (a) the outstanding principal balance of the Notes
plus (b) accrued and unpaid interest on the Notes through the day preceding the
Payment Date on which the purchase occurs, plus (c) the aggregate amount by
which the principal balance of the Notes shall have been reduced for reasons

                                       21
<PAGE>

other than payment of principal to the Noteholders, plus (d) all other Class A
Refinance Amounts and Class B Refinance Amounts (including any amounts accruing
as a result of the application of the proceeds of such purchase), minus (e) the
amounts, if any, on deposit at such Payment Date in the Payment Account for the
payment of principal and interest due the Noteholders.

                  SECTION 5. Delivery and Payment for the Notes. The Trustee
shall execute, authenticate and deliver the Notes in accordance with Section 2.4
and Section 6 below.

                  SECTION 6. Form of Delivery of the Notes; Depository;
Denominations.

                  (a) The Class A Notes and Class B Notes shall be delivered as
Registered Notes in book-entry form. The Class C Notes shall be delivered as
Registered Notes in certificated form as provided in Section 2.1 of the Base
Indenture, shall be initially registered in the name of the Seller and,
notwithstanding anything to the contrary contained in the Base Indenture, shall
not be transferred, sold or pledged, in whole or in part, other than pursuant to
Section 2.1 of the Base Indenture.

                  (b) [RESERVED].

                  (c) [RESERVED].

                  (d) [RESERVED].

                  (e) The Offered Notes will be issuable in minimum
denominations of $100,000 and integral multiples of $1,000 in excess thereof.
The Class C Notes will be issued in minimum denominations of $1,000,000 and
integral multiples of $1,000 in excess thereof.

                  (f) The holder of a Definitive Note may transfer such
Definitive Note, by surrendering it at (i) the office or agency maintained by
the Trustee for such purpose in The City of New York or (ii) the office of any
transfer agent appointed by the Issuer.

                  SECTION 7. Article 5 of Base Indenture. Sections 5.1, 5.2,
5.3, 5.4, 5.5, 5.6, 5.7, 5.8 and 5.9 shall be read in their entirety as provided
in the Base Indenture. Article 5 (except for Sections 5.1, 5.2, 5.3, 5.4, 5.5,
5.6, 5.7, 5.8 and 5.9 thereof) and for purposes of Series 2001-1, the following
provisions shall constitute part of Article 5 of the Indenture and shall be
applicable only to the Notes:

                                       22
<PAGE>

                                    ARTICLE 4

                                    ARTICLE 5

                    ALLOCATION AND APPLICATION OF COLLECTIONS

                  SECTION 5.10 Rights of Noteholders. The Notes shall be secured
by the Investor Interest in the Trust Estate, consisting of the right to
receive, to the extent necessary to make the required payments with respect to
such Notes at the times and in the amounts specified in this Base Indenture and
this Series Supplement, (a) the Floating Investor Percentage and Fixed Investor
Percentage (as applicable from time to time) of Collections received with
respect to the Receivables and (b) without duplication, funds on deposit in the
Collection Account, the Finance Charge Account, the Principal Account, the
Principal Funding Account, the Reserve Account, the Yield Enhancement Account,
the Excess Funding Account and the Payment Account. The Class C Notes shall be
subordinate to the Class A Notes and the Class B Notes to the extent provided
herein. The Class B Notes shall be subordinate to the Class A Notes to the
extent provided herein. The Trust Interest shall not represent any interest in
the Collection Account, the Finance Charge Account, the Principal Account, the
Principal Funding Account, the Reserve Account, the Yield Enhancement Account,
the Excess Funding Account or the Payment Account, except as specifically
provided in this Article 5.

                  SECTION 5.11 Allocations.

                  (a) Allocations During the Revolving Period. During the
Revolving Period, the Servicer shall, prior to the close of business on the day
any Collections are deposited in the Collection Account, allocate to the
Investor Interest or the Issuer (as holder of the Trust Interest) and pay or
deposit from the Collection Account the following amounts as set forth below:

                           (i) Deposit into the Finance Charge Account an amount
                  equal to the product of (A) the Investor Percentage on the
                  date of receipt of such Collections and (B) the aggregate
                  amount of Collections received in respect of Finance Charge
                  Receivables on such date to be applied in accordance with
                  Section 5.15.

                           (ii) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class C Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor
                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied first in
                  accordance with Section 5.18 and then in accordance with
                  subsection 5.15(d).

                           (iii) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class B Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor

                                       23
<PAGE>

                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied first in
                  accordance with Section 5.18 and then in accordance with
                  subsection 5.15(d).

                           (iv) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class A Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor
                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied in accordance
                  with subsection 5.15(d);

                           (v) Pay to the Issuer, (without duplication) an
                  amount equal to the excess, if any, of the aggregate amount of
                  Collections received in respect of Finance Charge Receivables
                  and Principal Receivables on the date of receipt of such
                  Collections over the sum of (A) the amounts deposited pursuant
                  to subsections 5.11(a)(i), (ii), (iii) and (iv) above; (B) the
                  amount required to be deposited in the Yield Enhancement
                  Account pursuant to subsection 5.20(b); and (C) any amounts
                  required to be otherwise applied under any comparable
                  provision of any other Series Supplement; provided, however,
                  that the amount to be paid to the Issuer, pursuant to this
                  subsection 5.11(a)(v) and any comparable provision of any
                  other Series Supplement with respect to any such date shall be
                  paid to the Issuer, only to the extent that the Trust Interest
                  as of the end of the prior Monthly Period (as adjusted to give
                  effect to the inclusion in or removal from the Trust of all
                  Receivables transferred to or from the Trust and/or any
                  reduction or increase in any outstanding notes since the end
                  of such prior Monthly Period and on or prior to the following
                  Payment Date and the application of payments referred to in
                  subsection 5.4(b) of the Base Indenture) is greater than the
                  largest required Minimum Trust Interest of any Series
                  outstanding and otherwise shall be deposited into the Excess
                  Funding Account in accordance with subsection 5.11(f).

                  (b) Allocations During the Controlled Accumulation Period.
During the Controlled Accumulation Period the Servicer shall, prior to the close
of business on the day any Collections are deposited in the Collection Account,
allocate to the Investor Interest or the Issuer (as holder of the Trust
Interest), and pay or deposit from the Collection Account the following amounts
as set forth below:

                           (i) Deposit into the Finance Charge Account an amount
                  equal to the product of (A) the Investor Percentage on the
                  date of receipt of such Collections and (B) the aggregate
                  amount of Collections received in respect of Finance Charge
                  Receivables on such date to be applied in accordance with
                  Section 5.15.

                                       24
<PAGE>

                           (ii) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class C Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor
                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied first in
                  accordance with Section 5.18 and then in accordance with
                  subsection 5.15(e).

                           (iii) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class B Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor
                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied first in
                  accordance with Section 5.18 and then in accordance with
                  subsection 5.15(e).

                           (iv) Deposit into the Principal Account an amount
                  equal to the product of (A) the Class A Investor Allocation on
                  the date of receipt of such Collections, (B) the Investor
                  Percentage on the date of receipt of such Collections and (C)
                  the aggregate amount of Collections received in respect of
                  Principal Receivables on such date to be applied in accordance
                  with subsection 5.15(e).

                           (v) Pay to the Issuer (without duplication), an
                  amount equal to the excess, if any, of the aggregate amount of
                  Collections received in respect of Finance Charge Receivables
                  and Principal Receivables on the date of receipt of such
                  Collections over the sum of (A) the amounts deposited pursuant
                  to subsections 5.11(b)(i), (ii), (iii) and (iv) above; (B) the
                  amount required to be deposited in the Yield Enhancement
                  Account pursuant to subsection 5.20(b); and (C) any amounts
                  required to be otherwise applied under any comparable
                  provision of any other Series Supplement; provided, however,
                  that the amount to be paid to the Issuer, pursuant to this
                  subsection 5.11(b)(v) and any comparable provision of any
                  other Series Supplement with respect to any such date shall be
                  paid to the Issuer only to the extent that the Trust Interest
                  as of the end of the prior Monthly Period (as adjusted to give
                  effect to the inclusion in or removal from the Trust of all
                  Receivables transferred to or from the Trust and/or any
                  reduction or increases in any outstanding notes since the end
                  of such prior Monthly Period and on or prior to the following
                  Payment Date and the application of payments referred to in
                  subsection 5.4(b) of the Base Indenture) is greater than the
                  largest required Minimum Trust Interest of any Series
                  outstanding and otherwise shall be deposited into the Excess
                  Funding Account in accordance with subsection 5.11(f).

                  (c) [RESERVED].

                                       25
<PAGE>

                  (d) Allocations During the Rapid Amortization Period. During
the Rapid Amortization Period, the Servicer shall, prior to the close of
business on the day any Collections are deposited in the Collection Account,
allocate to the Noteholders and pay or deposit from the Collection Account the
following amounts as set forth below:

                           (i) Deposit into the Finance Charge Account an amount
                  equal to the product of (A) the Investor Percentage on the
                  date of receipt of such Collections and (B) the aggregate
                  amount of Collections received in respect of Finance Charge
                  Receivables on such date to be applied in accordance with
                  Section 5.15.

                           (ii) Deposit into the Principal Account an amount
                  equal to the product of (A) the Investor Percentage on the
                  date of receipt of such Collections and (B) the aggregate
                  amount of Collections processed in respect of Principal
                  Receivables on such date; provided, however, that the amount
                  deposited into the Principal Account pursuant to this
                  subsection 5.11(d)(ii) shall not exceed the sum of (a) the
                  Adjusted Investor Interest as of such date (after taking into
                  account any payments to be made on the Payment Date relating
                  to such prior Monthly Period and deposits and any adjustments
                  to be made to the Investor Interest to be made on the Transfer
                  Date relating to such Monthly Period) and (b) any Reallocated
                  Principal Collections relating to the Monthly Period in which
                  such deposit is made.

                           (iii) Pay to the Issuer, (without duplication) an
                  amount equal to the excess, if any, of the aggregate amount of
                  Collections received in respect of Finance Charge Receivables
                  and Principal Receivables on the date of receipt of such
                  Collections over the sum of (A) the amounts deposited pursuant
                  to subsections 5.11(d)(i) and (ii) above; (B) the amount
                  required to be deposited in the Yield Enhancement Account
                  pursuant to subsection 5.20(b); and (C) any amounts required
                  to be otherwise applied under any comparable provision of any
                  other Series Supplement; provided, however, that the amount to
                  be paid to the Issuer, pursuant to this subsection
                  5.11(d)(iii) and any comparable provision of any other Series
                  Supplement with respect to any such date shall be paid to the
                  Issuer, only to the extent that the Trust Interest as of the
                  end of the prior Monthly Period (as adjusted to give effect to
                  the inclusion in, or removal from, the Trust of all
                  Receivables transferred to or from the Trust and/or any
                  reduction or increase in any outstanding notes since the end
                  of such prior Monthly Period and on or prior to the following
                  Payment Date and the application of payments referred to in
                  subsection 5.4(b) of the Base Indenture) is greater than the
                  largest required Minimum Trust Interest of any Series
                  outstanding and otherwise shall be deposited into the Excess
                  Funding Account in accordance with subsection 5.11(f).

                  (e) [RESERVED].

                                       26
<PAGE>

                  (f) Excess Funding Collections. Any Collections in respect of
Principal Receivables or Finance Charge Receivables not allocated and paid to
the Issuer, because of the limitations contained in subsections 5.11(a)(v),
5.11(b)(v), 5.11(d)(iii), 5.15(d)(ii), 5.15(e)(v) and 5.17(k) shall be deposited
in the Yield Enhancement Account and any other comparable account for any other
Series to the extent required by such subsections and/or subsection 5.20(b) and
any comparable provision of any other Series Supplement, and the remainder shall
be held in the Excess Funding Account and, prior to the commencement of the
Controlled Accumulation Period, or the Rapid Amortization Period, shall be paid
(without duplication) to the Issuer, on any subsequent date when, and only to
the extent that the Trust Interest as of the end of the prior Monthly Period (as
adjusted to give effect to the inclusion in or removal from the Trust of all
Receivables transferred to or from the Trust and/or any reduction in any
outstanding notes since the end of such prior Monthly Period and on or prior to
the following Payment Date) is greater than the largest required Minimum Trust
Interest of any Series outstanding; provided, however, that if an Accumulation
Period or an Amortization Period commences with respect to any Series, any funds
on deposit in the Excess Funding Account, shall be released from the Excess
Funding Account, deposited in the Principal Account and treated as Shared
Principal Collections to the extent needed to cover principal payments due to or
for the benefit of such Series.

                  (g) Notwithstanding the preceding provisions of subsections
5.11(a), 5.11(b) and 5.11(d), the deposits required by such subsections shall be
subject to the third paragraph of subsection 5.4(a) of the Base Indenture. With
respect to any Series of notes, and notwithstanding anything in the Base
Indenture or any Series Supplement to the contrary, whether or not the Servicer
is required to make monthly or daily deposits from the Collection Account into
the Finance Charge Account, the Principal Account or the Excess Funding Account
pursuant to subsections 5.11(a), 5.11(b) and 5.11(d), with respect to any
Monthly Period, (i) the Servicer will only be required to deposit Collections
from the Collection Account into the Finance Charge Account, the Principal
Account or the Excess Funding Account up to the required amount to be deposited
into any such deposit account or, without duplication, paid on or prior to the
related Payment Date to the noteholders of all Series and (ii) if at any time
prior to such Payment Date the amount of Collections deposited in the Collection
Account exceeds the amount required to be deposited pursuant to clause (i)
above, the Servicer will be permitted to withdraw the excess from the Collection
Account and allocate and pay such excess (without duplication) to the Issuer, in
accordance with subsection 5.4(c) of the Base Indenture.

                  SECTION 5.12 Determination of Monthly Interest.

                  (a) The amount of monthly interest payable to the Class A
Notes shall be determined as of each Transfer Date and shall be an amount equal
to the product of (i)(A) a fraction, the numerator of which is the actual number
of days in the related Interest Period and the denominator of which is 360,
times (B) the Class A Note Rate in effect with respect to the related Interest
Period, and (ii) the outstanding principal balance of the Class A Notes at the
start of such Interest Period (the "Class A Monthly Interest"); provided,
however, that in addition to Class A Monthly Interest an amount equal to the sum

                                       27
<PAGE>

of (i) the amount of any unpaid Class A Deficiency Amounts, as defined below,
and (ii) an amount equal to the product of (A) a fraction, the numerator of
which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) a rate equal to 2% per annum over the
Class A Note Rate in effect with respect to the related Interest Period, times
(C) any Class A Deficiency Amount from the prior Transfer Date, as defined below
(or the portion thereof which has not theretofore been paid to Class A
Noteholders) (such product, the "Class A Additional Interest") shall also be
payable to the Class A Notes; provided further, that the "Class A Deficiency
Amount" for any Transfer Date shall be equal to the excess, if any, of (x) the
sum of the Class A Monthly Interest, the Class A Additional Interest and the
Class A Deficiency Amount as determined pursuant to the preceding sentence for
the prior Interest Period, over (y) the amount actually paid in respect thereof
on the preceding Payment Date.

                  (b) The amount of monthly interest payable to the Class B
Notes shall be determined as of each Transfer Date and shall be an amount equal
to the product of (i)(A) a fraction, the numerator of which is the actual number
of days in the related Interest Period and the denominator of which is 360,
times (B) the Class B Note Rate in effect with respect to the related Interest
Period, and (ii) the outstanding principal balance of the Class B Notes at the
start of such Interest Period (the "Class B Monthly Interest"); provided,
however, that in addition to Class B Monthly Interest an amount equal to the sum
of (i) the amount of any unpaid Class B Deficiency Amounts, as defined below,
and (ii) an amount equal to the product of (A) a fraction, the numerator of
which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) a rate equal to 2% per annum over the
Class B Note Rate in effect with respect to the related Interest Period, and (C)
any Class B Deficiency Amount from the prior Transfer Date, as defined below (or
the portion thereof which has not theretofore been paid to Class B Noteholders)
(such product, the "Class B Additional Interest") shall also be payable to the
Class B Notes; provided further, that the "Class B Deficiency Amount" for any
Transfer Date shall be equal to the (x) the sum of the Class B Monthly Interest,
the Class B Additional Interest and the Class B Deficiency Amount as determined
pursuant to the preceding sentence for the prior Interest Period, over (y) the
amount actually paid in respect thereof on the preceding Payment Date.

                  (c) The amount of monthly interest payable to the Class C
Notes shall be determined as of each Transfer Date and shall be an amount equal
to the product of (i)(A) a fraction, the numerator of which is the actual number
of days in the related Interest Period and the denominator of which is 360,
times (B) the Class C Note Rate in effect with respect to the related Interest
Period, and (ii) the outstanding principal balance of the Class C Notes at the
start of such Interest Period (the "Class C Monthly Interest"); provided,
however, that in addition to Class C Monthly Interest an amount equal to the sum
of (i) the amount of any unpaid Class C Deficiency Amounts, as defined below,
and (ii) an amount equal to the product of (A) a fraction, the numerator of
which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) a rate equal to 2% per annum over the
Class C Note Rate in effect with respect to the related Interest Period, and (C)
any Class C Deficiency Amount from the prior Transfer Date, as defined below (or

                                       28
<PAGE>

the portion thereof which has not theretofore been paid to Class C Noteholders)
(such product, the "Class C Additional Interest") shall also be payable to the
Class C Notes; provided further, that the "Class C Deficiency Amount" for any
Transfer Date shall be equal to the (x) the sum of the Class C Monthly Interest,
the Class C Additional Interest and the Class C Deficiency Amount as determined
pursuant to the preceding sentence for the prior Interest Period, over (y) the
amount actually paid in respect thereof on the preceding Payment Date.

                  SECTION 5.13 Determination of Monthly Principal.

                  (a) The amount of monthly principal payable from the Principal
Account with respect to the Class A Notes on each Transfer Date ("Class A
Monthly Principal"), beginning with the Transfer Date in the month in which the
Controlled Accumulation Period begins or, if earlier, the first Transfer Date
occurring after the Rapid Amortization Period begins, shall be equal to the
least of (i) the Available Investor Principal Collections on deposit in the
Principal Account for such Transfer Date, (ii) for each Transfer Date occurring
with respect to the Controlled Accumulation Period, the Controlled Deposit
Amount for such Transfer Date and (iii) the Class A Adjusted Investor Interest
prior to any deposit into the Principal Funding Account (after taking into
account any adjustments to be made on such Transfer Date pursuant to Section
5.16) on such Transfer Date.

                  (b) The amount of monthly principal payable from the Principal
Account with respect to the Class B Notes on each Transfer Date (the "Class B
Monthly Principal"), relating to the Controlled Accumulation Period, beginning
with the Transfer Date on which an amount equal to the Class A Investor Interest
has been deposited into the Principal Funding Account (after taking into account
any payments to be made on such Transfer Date), or during the Rapid Amortization
Period, beginning with the Transfer Date immediately preceding the Payment Date
on which the Class A Notes will be paid in full (after taking into account
payments to be made on the related Payment Date), shall be an amount equal to
the least of (i) the Available Investor Principal Collections on deposit in the
Principal Account with respect to such Transfer Date (minus the portion of such
Available Investor Principal Collections applied to Class A Monthly Principal on
such Transfer Date) (ii) for each Transfer Date with respect to the Class B
Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer
Date (minus the Class A Monthly Principal for such Transfer Date) and (iii) the
Class B Adjusted Investor Interest prior to any deposit in the Principal Funding
Account (after taking into account any adjustments to be made on such Transfer
Date pursuant to Sections 5.16 and 5.18) on such Transfer Date.

                  (c) The amount of monthly principal payable from the Principal
Account with respect to the Class C Notes on each Transfer Date (the "Class C
Monthly Principal"), with respect to (A) the Controlled Accumulation Period,
beginning with the Transfer Date on which an amount equal to the sum of (i) the
Class A Investor Interest and (ii) the Class B Investor Interest has been
deposited in the Principal Funding Account (after taking into account deposits
to be made on such Transfer Date), or (B) the Rapid Amortization Period

                                       29
<PAGE>

beginning with the Transfer Date immediately preceding the Payment Date on which
the Class B Notes will have been paid in full (after taking into account
payments to be made on the related Payment Date), shall be an amount equal to
the least of (i) the Available Investor Principal Collections on deposit in the
Principal Account with respect to such Transfer Date (minus the portion of such
Available Investor Principal Collections applied to Class A Monthly Principal
and Class B Monthly Principal on such Transfer Date), (ii) for each Transfer
Date with respect to the Controlled Accumulation Period, the Controlled Deposit
Amount for such Transfer Date (minus the sum of the Class A Monthly Principal
and the Class B Monthly Principal for such Transfer Date; and (iii) the Class C
Adjusted Investor Interest prior to any deposit in the Principal Funding Account
(after taking into account any adjustments to be made on such Transfer Date
pursuant to Section 5.16 and 5.18) on such Transfer Date.

                  SECTION 5.14 Coverage of Required Amount.

                  (a) On or before each Transfer Date, the Servicer shall
determine the amount (the "Class A Required Amount"), if any, by which an amount
equal to the sum of (i) the Class A Monthly Interest for such Transfer Date,
plus (ii) the Class A Deficiency Amount, if any, for such Transfer Date, plus
(iii) the Class A Additional Interest, if any, for such Transfer Date, plus (iv)
the Class A Servicing Fee for the prior Monthly Period plus (v) the Class A
Servicing Fee, if any, due but not paid on any prior Transfer Date that will be
payable on the related Payment Date, plus (vi) the Class A Investor Default
Amount, if any, for the prior Monthly Period exceeds the Class A Available Funds
for the related Monthly Period.

                  (b) On or before each Transfer Date, the Servicer shall
determine the amount (the "Class B Required Amount"), if any, equal to the sum
of (i) the amount, if any, by which the sum of (A) the Class B Monthly Interest
for such Transfer Date, plus (B) the Class B Deficiency Amount, if any, for such
Transfer Date, plus (C) the Class B Additional Interest, if any, for such
Transfer Date, plus (D) the Class B Servicing Fee for the prior Monthly Period,
plus (E) the Class B Servicing Fee, if any, due but not paid on any prior
Transfer Date that will be payable on the related Payment Date, exceeds the
Class B Available Funds for the related Monthly Period, plus (ii) the Class B
Investor Default Amount, if any, for the prior Monthly Period.

                  (c) On or before each Transfer Date, the Servicer shall
determine the amount (the "Class C Required Amount"), if any, equal to the sum
of (i) the amount, if any, by which the sum of (A) the Class C Servicing Fee for
such Transfer Date, plus (B) the Class C Servicing Fee, if any, due but not paid
on any prior Transfer Date, exceeds the Class C Available Funds for the related
Monthly Period, plus (ii) Class C Monthly Interest for such Transfer Date, plus
(iii) the Class C Deficiency Amount, if any, for such Transfer Date, plus (iv)
the Class C Additional Interest, if any, for such Transfer Date, plus (v) the
Class C Investor Default Amount, if any, for such Transfer Date.

                  (d) In the event that the sum of the Class A Required Amount
and the Class B Required Amount for such Transfer Date is greater than zero, the
Servicer shall give written notice to the Trustee of such positive Class A

                                       30
<PAGE>

Required Amount and Class B Required Amount or before such Transfer Date. In the
event that the Class A Required Amount for such Transfer Date is greater than
zero, all or a portion of the Excess Spread and the funds on deposit in the
Yield Enhancement Account with respect to such Transfer Date in an amount equal
to the Class A Required Amount, to the extent available, for such Transfer Date
shall be paid first from the Finance Charge Account and then from the Yield
Enhancement Account on such Transfer Date pursuant to subsection 5.17(a). In the
event that the Class A Required Amount for such Transfer Date exceeds the amount
of Excess Spread and the funds on deposit in the Yield Enhancement Account with
respect to such Transfer Date, the Collections of Principal Receivables
allocable to each Class with respect to the prior Monthly Period shall be
applied as specified in Section 5.18. In the event that the Class B Required
Amount for such Transfer Date is greater than zero, all or a portion of Excess
Spread and the funds on deposit in the Yield Enhancement Account with respect to
such Transfer Date in an amount equal to the Class B Required Amount, to the
extent available, shall be distributed first from the Finance Charge Account and
then from the Yield Enhancement Account on such Transfer Date pursuant to
Section 5.17(c). In the event that the Class B Required Amount for such Transfer
Date exceeds the amount of Excess Spread and funds on deposit in the Yield
Enhancement Account available to fund the Class B Required Amount pursuant to
subsection 5.17(c), the Collections of Principal Receivables allocable to each
Class shall be applied as specified in Section 5.18; provided, however, that the
sum of any payments pursuant to this paragraph shall not exceed the sum of the
Class A Required Amount and the Class B Required Amount.

                  SECTION 5.15 Monthly Payments. On or before each Transfer
Date, the Servicer shall instruct the Trustee in writing (which writing shall be
substantially in the form of the Monthly Servicer Report, attached as Exhibit C
to the Sale and Servicing Agreement) to withdraw and the Trustee, acting in
accordance with such instructions, shall withdraw on such Transfer Date or the
related Payment Date, as applicable, to the extent of available funds, the
amounts in respect of the Notes required to be withdrawn from the Finance Charge
Account, the Principal Account, the Principal Funding Account, the Excess
Funding Account and the Payment Account as follows:

                  (a) An amount equal to the Class A Available Funds deposited
into the Finance Charge Account for the related Monthly Period shall be
distributed on each Transfer Date in the following priority:

                           (i) an amount equal to Class A Monthly Interest for
                  such Transfer Date, plus the amount of any Class A Deficiency
                  Amount, if any, for such Transfer Date, plus the amount of any
                  Class A Additional Interest, if any, for such Transfer Date,
                  shall be deposited by the Servicer or the Trustee into the
                  Payment Account;

                           (ii) an amount equal to the Class A Servicing Fee for
                  such Transfer Date, plus the amount of any Class A Servicing

                                       31
<PAGE>

                  Fee due but not paid to the Servicer on any prior Transfer
                  Date shall be paid to the Servicer;

                           (iii) an amount equal to the Class A Investor Default
                  Amount, if any, for the preceding Monthly Period shall be
                  treated as a portion of Investor Principal Collections and
                  deposited into the Principal Account on such Transfer Date;
                  and

                           (iv) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 5.17.

                  (b) An amount equal to the Class B Available Funds deposited
into the Finance Charge Account for the related Monthly Period will be
distributed on each Transfer Date in the following priority:

                           (i) an amount equal to the Class B Monthly Interest
                  for such Transfer Date, plus the amount of any Class B
                  Deficiency Amount, if any, for such Transfer Date, plus the
                  amount of any Class B Additional Interest, if any, for such
                  Transfer Date, shall be deposited by the Servicer or the
                  Trustee into the Payment Account;

                           (ii) an amount equal to the Class B Servicing Fee for
                  such Transfer Date, plus the amount of any Class B Servicing
                  Fee due but not paid to the Servicer on any prior Transfer
                  Date for such Transfer Date shall be paid to the Servicer; and

                           (iii) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 5.17.

                  (c) An amount equal to the Class C Available Funds deposited
into the Finance Charge Account for the related Monthly Period shall be
distributed on each Transfer Date in the following priority:

                           (i) an amount equal to the Class C Servicing Fee for
                  such Transfer Date, plus the amount of any Class C Servicing
                  Fee due but not paid to the Servicer on any prior Transfer
                  Date shall be paid to the Servicer; and

                           (ii) the balance, if any, shall constitute Excess
                  Spread and shall be allocated and distributed as set forth in
                  Section 5.17.

                  (d) During the Revolving Period, an amount equal to the
Available Investor Principal Collections deposited into the Principal Account
for the related Monthly Period shall be distributed on each Transfer Date in the
following priority:

                           (i) an amount equal to the lesser of (A) the product
                  of (1) a fraction, the numerator of which is equal to the
                  Available Investor Principal Collections for such Transfer

                                       32
<PAGE>

                  Date and the denominator of which is equal to the sum of the
                  Available Investor Principal Collections available for sharing
                  as specified in the related Series Supplement for each Series
                  in Group One and (2) the Cumulative Series Principal
                  Shortfall, if any, and (B) Available Investor Principal
                  Collections, shall remain in the Principal Account to be
                  treated as Shared Principal Collections and applied to Series
                  in Group One other than this Series 2001-1; and

                           (ii) an amount equal to the excess, if any, of (A)
                  the Available Investor Principal Collections for such Transfer
                  Date over (B) the applications specified in subsection
                  5.15(d)(i) above shall be paid to the Issuer; provided,
                  however, that the amount to be paid to the Issuer, pursuant to
                  this subsection 5.15(d)(ii) with respect to such Transfer Date
                  shall be paid to the Issuer, if, and only to the extent that
                  the Trust Interest as of the end of the prior Monthly Period
                  (adjusted to give effect to the inclusion in or removal from
                  the Trust of all Receivables transferred to or from the Trust
                  and/or any reduction in any outstanding notes since the end of
                  such prior Monthly Period and on or prior to the following
                  Payment Date and the application of payments referred to in
                  subsection 5.4(b) of the Base Indenture) is greater than the
                  largest required Minimum Trust Interest of any Series
                  outstanding and otherwise shall be deposited into the Excess
                  Funding Account in accordance with subsection 5.11(f).

                  (e) During the Controlled Accumulation Period or the Rapid
Amortization Period, an amount equal to the Available Investor Principal
Collections deposited into the Principal Account for the related Monthly Period
shall be distributed on each Transfer Date in the following priority:

                           (i) an amount equal to the Class A Monthly Principal
                  for such Transfer Date, shall be (A) during the Controlled
                  Accumulation Period, deposited into the Principal Funding
                  Account, and (B) during the Rapid Amortization Period,
                  deposited into the Payment Account;

                           (ii) after giving effect to the distribution referred
                  to in clause (i) above, an amount equal to the Class B Monthly
                  Principal, shall be (A) during the Controlled Accumulation
                  Period, deposited into the Principal Funding Account, and (B)
                  during the Rapid Amortization Period, deposited into the
                  Payment Account;

                           (iii) after giving effect to the distributions
                  referred to in clauses (i) and (ii) above, an amount equal to
                  the Class C Monthly Principal shall be (A) during the
                  Controlled Accumulation Period, deposited into the Principal
                  Funding Account, and (B) during the Rapid Amortization Period
                  distributed to the Class C Noteholders;

                                       33
<PAGE>

                           (iv) an amount equal to the lesser of (A) the product
                  of (1) a fraction, the numerator of which is equal to the
                  Available Investor Principal Collections remaining after the
                  application specified in subsections 5.15 (e) (i), (ii) and
                  (iii) above and the denominator of which is equal to the sum
                  of the Available Investor Principal Collections available for
                  sharing as specified in the related Series Supplement for each
                  Series in Group One and (2) the Cumulative Series Principal
                  Shortfall, if any, and (B) the Available Investor Principal
                  Collections remaining after the application specified in
                  subsections 5.15 (e) (i), (ii) and (iii) above shall remain in
                  the Principal Account to be treated as Shared Principal
                  Collections and applied to Series in Group One other than this
                  Series 2000-1; and

                           (v) an amount equal to the excess, if any of (A) the
                  Available Investor Principal Collections over (B) the
                  applications specified in Subsections 5.15 (e) (i) through
                  (iv) above shall be paid to the Issuer; provided, however,
                  that the amount to be paid to the Issuer pursuant to this
                  subsection 5.15 (e) (v) with respect to such Transfer Date
                  shall be paid to the Issuer if, and only to the extent that,
                  the Trust Interest on as of the end of the prior Monthly
                  Period is equal to or greater than the Minimum Seller Interest
                  (after giving effect to the inclusion in the Trust of all
                  Receivables created on or prior to such Transfer Date and the
                  application of payments referred to in Subsection 5.15 (b))
                  and otherwise shall be deposited into the Excess Funding
                  Account.

                  (f) [RESERVED].

                  (g) On the earlier to occur of (i) the first Transfer Date
with respect to the Rapid Amortization Period and (ii) the Transfer Date
immediately preceding the Scheduled Payment Date, the Trustee, acting in
accordance with instructions from the Servicer, shall withdraw from the
Principal Funding Account and deposit in the Payment Account the amount on
deposit in the Principal Funding Account.

                  (h) On each Payment Date, the Trustee, acting in accordance
with instructions from the Servicer, shall pay in accordance with subsections
6.1 (a) and 6.1 (b) from the Payment Account the following amounts (in each case
determined as of the immediately preceding Transfer Date) in the following order
of priority: (i) to the Class A Noteholders from the Payment Account, the amount
deposited into the Payment Account pursuant to subsection 5.15(a)(i) on the
preceding Transfer Date and (ii) to the Class B Noteholders from the Payment
Account, the amount deposited into the Payment Account pursuant to subsection
5.15(b)(i) on the preceding Transfer Date.

                  (i) On the earlier to occur of (a) the Scheduled Payment Date
in the Controlled Amortization Period, (b) the first Payment Date occurring
after the Rapid Amortization Period begins, and on each Payment Date thereafter,
the Trustee, acting in accordance with instructions from the Servicer, shall pay
in accordance with subsections 6.1(a) and 6.1(b) from the Payment Account the

                                       34
<PAGE>

amount so deposited into the Payment Account pursuant to subsections 5.15(e) the
following amounts (in each case determined as of the immediately preceding
Transfer Date) on the related Transfer Date in the following priority:

                           (i) to the Class A Noteholders from the Payment
                  Account, an amount equal to the lesser of (A) the amount on
                  deposit in the Payment Account, (B) the Class A Monthly
                  Principal and (C) the outstanding balance of the Class A
                  Notes;

                           (ii) to the Class B Noteholders from the Payment
                  Account, after giving effect to the distributions referred to
                  in clause (i) above, an amount equal to the lesser of (A) the
                  amount on deposit in the Payment Account, (B) the Class B
                  Monthly Principal and (C) the outstanding balance of the Class
                  B Notes;

                           (iii) to the Servicer from the Payment Account, after
                  giving effect to the distributions in clauses (i) and (ii)
                  above, the amount to be deposited into the Payment Account
                  pursuant to subsection 5.15(c)(i) on the preceding Transfer
                  Date; and

                           (iv) to the Class C Noteholders from the Payment
                  Account, after giving effect to the distributions referred to
                  in clause (i), (ii) and (iii) above, an amount equal to the
                  lesser of (A) the amount on deposit in the Payment Account,
                  (B) the Class C Monthly Principal and (C) the outstanding
                  balance of the Class C Notes.

                  (j) The Controlled Accumulation Period is scheduled to
commence at the close of business on [____] 2007; provided, however, that, if
the Accumulation Period Length (determined as described below) is less than 18
months, the date on which the Controlled Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Scheduled Payment Date at least equal to the
Accumulation Period Length and, as a result, the number of Monthly Periods in
the Controlled Accumulation Period will at least equal the Accumulation Period
Length. On the Determination Date immediately preceding the
________________________ Payment Date, and each Payment Date thereafter until
the Controlled Accumulation Period begins, the Servicer will determine the
"Accumulation Period Length" which will equal the number of whole months such
that the sum of the Accumulation Period Factors for each month during such
period will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                       35
<PAGE>

                  SECTION 5.16 Investor Charge-Offs.

                  (a) On or before each Transfer Date, the Servicer shall
calculate the Class A Investor Default Amount. If on any Transfer Date, the
Class A Investor Default Amount for such Transfer Date exceeds the sum of the
amount to be distributed with respect thereto pursuant to subsection
5.15(a)(iii) and 5.17(a) and Section 5.18 with respect to such Monthly Period,
the Class C Investor Interest (after giving effect to reductions for any Class C
Investor Charge-Offs and any Reallocated Principal Collections on such Transfer
Date) shall be reduced by the amount of such excess, but not by more than the
lesser of the Class A Investor Default Amount and the Class C Investor Interest
(after giving effect to reductions for any Class C Investor Charge-Offs and any
Reallocated Principal Collections on such Transfer Date) for such Transfer Date.
In the event that such reduction would cause the Class C Investor Interest to be
a negative number, the Class C Investor Interest shall be reduced to zero, and
the Class B Investor Interest (after giving effect to reductions for any Class B
Investor Charge-Offs and any Reallocated Principal Collections for which the
Class C Investor Interest is not reduced on such Transfer Date) shall be reduced
by the amount by which the Class C Investor Interest would have been reduced
below zero. In the event that such reduction would cause the Class B Investor
Interest to be a negative number, the Class B Investor Interest shall be reduced
to zero, and the Class A Investor Interest shall be reduced (but not below zero)
by the amount by which the Class B Investor Interest would have been reduced
below zero, but not by more than the Class A Investor Default Amount for such
Transfer Date (a "Class A Investor Charge-Off"). The Class A Investor Interest
shall thereafter be reimbursed on any Transfer Date by the amount of Excess
Spread and funds on deposit in the Yield Enhancement Account allocated and
available for such purpose pursuant to subsection 5.17(b).

                  (b) On or before each Transfer Date, the Servicer shall
calculate the Class B Investor Default Amount. If on any Transfer Date, the
Class B Investor Default Amount for such Transfer Date exceeds the amount of
Excess Spread, funds on deposit in the Yield Enhancement Account and Reallocated
Principal Collections which are allocated and available to fund such amount
pursuant to subsection 5.17(c) and Section 5.18, the Class C Investor Interest
(after giving effect to reductions for any Class C Investor Charge-Offs and any
Reallocated Principal Collections on such Transfer Date and after giving effect
to any adjustments with respect thereto as described in subsection 5.16(a)
above) shall be reduced by the amount of such excess, but not by more than the
lesser of the Class B Investor Default Amount and the Class C Investor Interest
(after giving effect to reductions for any Class C Investor Charge-Offs and any
Reallocated Principal Collections on such Transfer Date and after giving effect
to any adjustments with respect thereto as described in subsection 5.16(a)
above) for such Transfer Date. In the event that such reduction would cause the
Class C Investor Interest to be a negative number, the Class C Investor Interest
shall be reduced to zero and the Class B Investor Interest shall be reduced (but
not below zero) by the amount by which the Class C Investor Interest would have
been reduced below zero, but not by more than the Class B Investor Default
Amount for such Transfer Date (a "Class B Investor Charge-Off"). The Class B

                                       36
<PAGE>

Investor Interest shall also be reduced (but not below zero) by the amount of
Reallocated Principal Collections in excess of the Class C Investor Interest
(after giving effect to reductions for any Class C Investor Charge-Offs and any
Reallocated Investor Principal Collections on such Transfer Date) allocated
thereto pursuant to Section 5.18 and then by the amount of any portion of the
Class B Investor Interest allocated to the Class A Investor Interest to avoid a
reduction in the Class A Investor Interest pursuant to subsection 5.16(a) above.
The Class B Investor Interest will thereafter be reimbursed (but not to an
amount in excess of the unpaid principal balance of the Class B Notes) on any
Transfer Date by the amount of Excess Spread and funds on deposit in the Yield
Enhancement Account allocated and available for that purpose as described under
subsection 5.17(d).

                  (c) On or before each Transfer Date, the Servicer shall
calculate the Class C Investor Default Amount. If on any Transfer Date, the
Class C Investor Default Amount for such Transfer Date exceeds the amount of
Excess Spread and funds on deposit in the Yield Enhancement Account which are
allocated and available to fund such amount pursuant to subsection 5.17(i), the
Class C Investor Interest shall be reduced by the amount of such excess, but not
by more than the lesser of the Class C Investor Default Amount and the Class C
Investor Interest for such Transfer Date (a "Class C Investor Charge-Off"). The
Class C Investor Interest shall also be reduced (but not below zero) by the
amount of Reallocated Principal Collections allocated thereto pursuant to
Section 5.18 and then by the amount of any portion of the Class C Investor
Interest allocated to the Class A Notes and/or the Class B Notes to avoid a
reduction in the Class A Investor Interest, pursuant to subsection 5.16(a), or
the Class B Investor Interest, pursuant to subsection 5.16(b), respectively. The
Class C Investor Interest shall thereafter deemed to be reimbursed (but not in
excess of the unpaid principal balance of the Class C Notes) on any subsequent
Transfer Date by the amount of the Excess Spread and the funds on deposit in the
Yield Enhancement Account allocated and available for that purpose as described
under subsection 5.17(j).

                  (d) For purposes of calculating the Investor Default Amount
and the Excess Receivables Amount, the Servicer shall keep records sufficient to
track cumulative losses in respect of Receivables on an Insured-by-Insured basis
and on an insurer-by-insurer basis.

                  (e) For purposes of calculating the Investor Default Amount
the Servicer shall allocate losses, Recoveries, returned premium, if any, and
other related proceeds between (i) Receivables remaining in the Trust after the
Seller's repurchase of Long-Term Receivables and (ii) Long-Term Receivables in
accordance with Section 9 hereof based on their respective par value at the time
that the related Premium Finance Obligation becomes a Defaulted Obligation.

                  (f) Except as otherwise expressly provided herein, if losses
and investment expenses attributable to the investment of amounts on deposit in
any Investor Account or any Series Account shall exceed interest and investment
earnings in respect of such amounts during any Monthly Period, the net losses
and expenses shall be allocated between the investor interests of all

                                       37
<PAGE>

outstanding Series, on the one hand, and the Trust Interest, on the other hand,
in the same proportion that losses in respect of Receivables are so allocated
for such Monthly Period.

                  SECTION 5.17 Excess Spread and Allocation of funds on deposit
in the Yield Enhancement Account. On or before each Transfer Date, the Trustee
acting pursuant to the Servicer's instructions, shall apply Excess Spread in the
Finance Charge Account and to the extent necessary transfer funds on deposit in
the Yield Enhancement Account (after giving effect to the deposits to be made
therein on such date pursuant to Section 5.20) to the Finance Charge Account
with respect to the related Monthly Period to make the following distributions
on each Transfer Date in the following priority: (a) an amount equal to the
Class A Required Amount, if any, with respect to such Transfer Date will be used
to fund the Class A Required Amount and be applied in accordance with, and in
the priority set forth in, subsection 5.15(a);

                  (b) an amount equal to the aggregate amount by which the Class
A Investor Interest has been reduced below the Class A Initial Investor Interest
on previous Transfer Dates for reasons other than the payment of principal to
the Class A Noteholders (but not in excess of the aggregate amount of such
reductions that have not been previously reimbursed) will be treated as a
portion of Available Investor Principal Collections and deposited into the
Principal Account on such Transfer Date;

                  (c) an amount equal to the Class A Prior Period Interest, if
any, will be paid to the Class A Noteholders]

                  (d) an amount equal to the Class B Required Amount, if any,
with respect to such Transfer Date will be used to fund the Class B Required
Amount and be applied first in accordance with, and in the priority set forth
in, subsection 5.15(b) and then any remaining amount available to pay the Class
B Investor Default Amount shall be treated as a portion of Investor Principal
Collections and deposited into the Principal Account on such Transfer Date;

                  (e) an amount equal to the aggregate amount by which the Class
B Investor Interest has been reduced below the Class B Initial Investor Interest
on previous Transfer Dates for reasons other than the payment of principal to
the Class B Noteholders (but not in excess of the aggregate amount of such
reductions that have not been previously reimbursed) will be treated as a
portion of Available Investor Principal Collections and deposited into the
Principal Account on such Transfer Date;

                  (f) [an amount equal to the Class B Prior Period Interest, if
any, will be paid to the Class B Noteholders;]

                  (g) an amount equal to the Class C Required Amount, if any,
with respect to such Transfer Date will be used to fund the Class C Required
Amount and be applied first in accordance with, and in the priority set forth
in, subsection 5.15(c) and then any remaining amount available to pay, in order

                                       38
<PAGE>

of priority, the Class C Monthly Interest, the Class C Additional Interest, if
any, and the Class C Deficiency Amount, if any, shall be used to fund such
amounts;

                  (h) an amount equal to the aggregate Class C Investor Default
Amount, if any, for the prior Monthly Period will be treated as a portion of
Available Investor Principal Collections and deposited into the Principal
Account on such Transfer Date;

                  (i) an amount equal to the aggregate amount by which the Class
C Investor Interest has been reduced below the Class C Initial Investor Interest
on previous Transfer Dates for reasons other than the payment of principal to
the Class C Noteholders (but not in excess of the aggregate amount of such
reductions which have not been previously reimbursed) will be treated as a
portion of Available Investor Principal Collections and deposited into the
Principal Account on such Transfer Date;

                  (j) any remaining Excess Spread, after giving effect to the
payments made pursuant to subsections (a) through (i) above, shall be deposited
in the Yield Enhancement Account to the extent necessary to cause the funds
therein to equal the 91 Day Delinquency Amount; and

                  (k) an amount equal to the Class C Prior Period Interest, if
any, will be paid to the Class C Noteholders;

                  (l) the balance in the Yield Enhancement Account, if any, in
excess of the 91 Day Delinquency Amount, after giving effect to the payments
made pursuant to subsections (a) through (k) above, shall be paid on such
Transfer Date to the Trust and will not be available for any future payments to
Noteholders (but only if a Pay Out Event has not theretofore occurred);
provided, however, that the amount to be paid to the Trust, pursuant to this
subsection 5.17(i) with respect to such date shall be paid only if the Trust
Interest as of the end of the prior Monthly Period (after giving effect to the
inclusion in or removal from the Trust of all Receivables transferred to or from
the Trust and/or any reduction or increase in any outstanding notes since the
end of such prior Monthly Period and on or prior to the following Payment Date
and the application of payments referred to in subsection 5.4(b) of the Base
Indenture) is greater than the largest required Minimum Trust Interest and
otherwise shall be deposited into the Excess Funding Account in accordance with
Section 5.11(f). Funds remaining on deposit in the Yield Enhancement Account
under this subsection 5.17 shall be available on the next succeeding Transfer
Date for application, together with any additional amounts required to be
deposited therein on or prior to such Transfer Date as provided elsewhere
herein, in accordance with this Section 5.17.

                  SECTION 5.18 Reallocated Principal Collections. On or before
each Transfer Date, the Trustee shall withdraw from the Principal Account and
apply Reallocated Principal Collections (applying first all Reallocated Class C
Principal Collections and then all Reallocated Class B Principal Collections, to

                                       39
<PAGE>

the extent necessary) with respect to such Transfer Date, to make the following
distributions on each Transfer Date in the following priority:

                  (a) an amount equal to the excess, if any, of (i) the Class A
Required Amount, if any, with respect to such Transfer Date over (ii) the amount
of Excess Spread, together with the amount of funds on deposit in the Yield
Enhancement Account available to cover the Class A Required Amount pursuant to
subsection 5.17(a) on such Transfer Date shall be transferred to the Finance
Charge Account with respect to the related Monthly Period, shall be applied
pursuant to subsections 5.15(a)(i), (ii) and (iii); and

                  (b) an amount equal to the excess, if any, of (i) the Class B
Required Amount, if any, with respect to such Transfer Date over (ii) the amount
of Excess Spread, together with the amounts of funds on deposit in the Yield
Enhancement Account available to cover the Class B Required Amount pursuant to
subsection 5.17(c) on such Transfer Date shall be transferred to the Finance
Charge Account on such Transfer Date shall be applied first pursuant to
subsections 5.15(b)(i) and (ii) and then pursuant to subsection 5.17(c),
provided that the amount transferred pursuant to this clause (b) shall not
exceed the excess (if any) of (x)the sum of the Class C Investor Interest plus
the Class B investor Interest over (y) the amount described in the clause (a)
above.

                  (c) On each Transfer Date, the Class C Investor Interest shall
be reduced by the amount of Reallocated Principal Collections for such Transfer
Date. In the event that such reduction would cause the Class C Investor Interest
(after giving effect to any Class C Investor Charge-Offs for such Transfer Date)
to be a negative number, the Class C Investor Interest (after giving effect to
any Class C Investor Charge-Offs for such Transfer Date) shall be reduced to
zero and the Class B Investor Interest shall be reduced (but not below zero)
after giving effect to any Class B Investor Charge-Offs for such Transfer Date
by the amount by which the Class C Investor Interest would have been reduced
below zero.

                  SECTION 5.19 Shared Principal Collections.

                  (a) The portion of Shared Principal Collections on deposit in
the Principal Account equal to the amount of Shared Principal Collections
allocable to Series 2001-1 on any Transfer Date shall be treated and applied as
an Available Investor Principal Collection pursuant to Section 5.15 and pursuant
to such Section 5.15 shall be deposited in the Payment Account or distributed to
the Issuer.

                  (b) Shared Principal Collections allocable to Series 2001-1
with respect to any Transfer Date means an amount equal to the Series Principal
Shortfall, if any, with respect to Series 2001-1 for such Transfer Date;
provided, however, that if the aggregate amount of Shared Principal Collections
for all Series for such Transfer Date is less than the Cumulative Series
Principal Shortfall for such Transfer Date, then Shared Principal Collections
allocable to Series 2001-1 on such Transfer Date shall equal the product of (i)
Shared Principal Collections for all Series for such Transfer Date and (ii) a
fraction, the numerator of which is the Series Principal Shortfall with respect

                                       40
<PAGE>

to Series 2001-1 for such Transfer Date and the denominator of which is the
aggregate amount of Cumulative Series Principal Shortfall for all Series for
such Transfer Date.

                  (c) Solely for the purpose of determining the amount of
Available Investor Principal Collections to be treated as Shared Principal
Collections on any Transfer Date allocable to other Series in Group One, on each
Determination Date, the Servicer shall determine the Class A Required Amount,
Class B Required Amount, the Class C Required Amount, Excess Spread, the
Available Yield Enhancement Amount and Reallocated Principal Collections as of
such Determination Date for the following Transfer Date.

                  SECTION 5.20 Yield Enhancement Account.

                  (a) The Servicer shall establish and maintain with a Qualified
Institution in the name of the Trustee, on behalf of the Trust, for the benefit
of the Noteholders, a segregated account (the "Yield Enhancement Account"),
bearing a designation clearly indicating that the funds deposited therein are
held for the benefit of the Noteholders. The Trustee shall possess all right,
title and interest in all funds on deposit from time to time in the Yield
Enhancement Account and in all proceeds thereof. The Yield Enhancement Account
shall be under the sole dominion and control of the Trustee for the benefit of
the Noteholders. If at any time the institution holding the Yield Enhancement
Account ceases to be a Qualified Institution, the Trustee shall notify each
Rating Agency and within 10 Business Days establish a new Yield Enhancement
Account meeting the conditions specified above with a Qualified Institution, and
shall transfer any cash or any investments to such new Yield Enhancement
Account.

                  (b) On each Transfer Date, an amount equal to the Available
Yield Enhancement Amount shall be deposited by the Trustee into the Yield
Enhancement Account out of Collections otherwise payable to the Issuer, for the
Monthly Period immediately preceding such Transfer Date. Notwithstanding the
preceding sentence or subsection 5.4(c) or the third paragraph of subsection
5.4(a) of the Base Indenture, if ART is no longer the Seller or if the AIG
Support Agreement is not in effect, then prior to any payment to the Issuer
pursuant to subsections 5.11(a)(v), 5.11(b)(v) or 5.11(d)(iii) there shall be
deposited into the Yield Enhancement Account on each date amounts allocable to
the Notes otherwise payable to the Issuer, until the amount so deposited equals
the Maximum Yield Enhancement Amount for the next Transfer Date. The Trustee, at
the direction of the Servicer, shall make withdrawals from the Yield Enhancement
Account from time to time, in the amounts and for the purposes set forth in
Section 5.17.

                  (c) Funds remaining on deposit in the Yield Enhancement
Account shall be invested at the direction of the Seller by the Trustee in
Permitted Investments that will mature so that such funds will be available for
withdrawal on or prior to the following Transfer Date. The Trustee shall:

                                       41
<PAGE>

                           (i) hold each Permitted Investment (other than such
                  as are described in clause (c) of the definition thereof) that
                  constitutes investment property through a securities
                  intermediary, which securities intermediary shall agree with
                  the Trustee that (I) such investment property shall at all
                  times be credited to a securities account of the Trustee, (II)
                  such securities intermediary shall comply with entitlement
                  orders originated by the Trustee without the further consent
                  of any other person or entity, (III) all property credited to
                  such securities account shall be treated as a financial asset,
                  (IV) such securities intermediary shall waive any lien on,
                  security interest in, or right of set-off with respect to any
                  property credited to such securities account, and (V) such
                  agreement shall be governed by the laws of the State of New
                  York;

                           (ii) maintain for the benefit of Noteholders
                  possession or control of each other Permitted Investment
                  (including any negotiable instruments, if any, evidencing such
                  Permitted Investments) not described in clause (i) above
                  (other than such as are described in clause (c) of the
                  definition thereof); and

                           (iii) cause each Permitted Investment described in
                  clause (c) of the definition thereof to be registered in the
                  name of the Trustee or any of its nominees by the issuer
                  thereof;

provided that no Permitted Investment shall be disposed of prior to its maturity
date. Terms used in clause (i) above that are defined in the New York UCC and
not otherwise defined herein shall have the meaning set forth in the New York
UCC.

                  (d) Except as otherwise provided in subsection 5.17(m) above,
on each Transfer Date, after giving effect to withdrawals from the Yield
Enhancement Account required by subsection 5.20(b), all amounts remaining on
deposit in the Yield Enhancement Account (excluding interest and earnings (net
of losses and investment expenses, which shall reduce the amounts on deposit
therein) accrued on funds on deposit in the Yield Enhancement Account which
shall be treated as Excess Spread and allocated pursuant to Section 5.17), shall
be paid to the Issuer.

                  SECTION 5.21 Excess Funding Account.

                  (a) The Servicer has established and maintained and shall
continue to maintain, with a Qualified Institution, in the name of the Trustee,
on behalf of the Trust, for the benefit of the noteholders of all outstanding
Series in Group One, including the Noteholders, a segregated trust account (the
"Excess Funding Account"), bearing a designation clearly indicating that the
funds deposited therein are held for the benefit of such noteholders. The
Trustee shall possess all right, title and interest in all funds on deposit from
time to time in the Excess Funding Account and in all proceeds thereof. The
Excess Funding Account shall be under the sole dominion and control of the
Trustee for the benefit of the noteholders of all outstanding Series in Group
One, including the Noteholders. If at any time the institution holding the

                                       42
<PAGE>

Excess Funding Account ceases to be a Qualified Institution, the Trustee shall
notify each Rating Agency and within 10 Business Days establish a new Excess
Funding Account meeting the conditions specified above with a Qualified
Institution, and shall transfer any cash or any investments to such new Excess
Funding Account. The Trustee, at the direction of the Servicer, shall (i) make
withdrawals from the Excess Funding Account from time to time for the purposes
set forth in subsections 5.11(f), and any comparable provision of any other
Series Supplement and (ii) make deposits into the Excess Funding Account as
specified in subsection 5.11(f) and any comparable provision of any other Series
Supplement.

                  (b) Funds on deposit in the Excess Funding Account shall be
invested at the direction of the Seller by the Trustee in Permitted Investments.
Funds on deposit in the Excess Funding Account on any Transfer Date, after
giving effect to any withdrawals from the Excess Funding Account on such
Transfer Date, shall be invested in such investments that will mature so that
such funds will be available for withdrawal on or prior to the following
Transfer Date. The Trustee shall:

                           (i) hold each Permitted Investment (other than such
                  as are described in clause (c) of the definition thereof) that
                  constitutes investment property through a securities
                  intermediary, which securities intermediary shall agree with
                  the Trustee that (I) such investment property shall at all
                  times be credited to a securities account of the Trustee, (II)
                  such securities intermediary shall comply with entitlement
                  orders originated by the Trustee without the further consent
                  of any other person or entity, (III) all property credited to
                  such securities account shall be treated as a financial asset,
                  (IV) such securities intermediary shall waive any lien on,
                  security interest in, or right of set-off with respect to any
                  property credited to such securities account, and (V) such
                  agreement shall be governed by the laws of the State of New
                  York;

                           (ii) maintain for the benefit of the noteholders of
                  all outstanding Series of Group One, including the Noteholders
                  possession or control of each other Permitted Investment
                  (including any negotiable instruments, if any, evidencing such
                  Permitted Investments) not described in clause (i) above
                  (other than such as are described in clause (c) of the
                  definition thereof); and

                           (iii) cause each Permitted Investment described in
                  clause (c) of the definition thereof to be registered in the
                  name of the Trustee or any of its nominees by the issuer
                  thereof; provided that no Permitted Investment shall be
                  disposed of prior to its maturity date. Terms used in clause
                  (i) above that are defined in the New York UCC and not
                  otherwise defined herein shall have the meaning set forth in
                  the New York UCC.

                                       43
<PAGE>

                  (c) All interest and earnings (net of losses and investment
expenses) accrued on funds on deposit in the Excess Funding Account to the
extent allocable to this Series shall be treated as Excess Spread and allocated
pursuant to Section 5.17.

                  SECTION 5.22 Principal Funding Account.

                  (a) The Trustee shall establish and maintain with a Qualified
Institution, which may be the Trustee, in the name of the Trust, on behalf of
the Trust, for the benefit of the Noteholders, a segregated trust account with
the corporate trust department of such Qualified Institution (the "Principal
Funding Account"), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Noteholders. The Trustee shall
possess all right, title and interest in all funds on deposit from time to time
in the Principal Funding Account and in all proceeds thereof. The Principal
Funding Account shall be under the sole dominion and control of the Trustee for
the benefit of the Noteholders. If at any time the institution holding the
Principal Funding Account ceases to be a Qualified Institution, the Seller shall
notify the Trustee, and the Trustee upon being notified (or the Servicer on its
behalf) shall, within 10 Business Days, establish a new Principal Funding
Account meeting the conditions specified above with a Qualified Institution, and
shall transfer any cash or any investments to such new Principal Funding
Account. The Trustee, at the direction of the Servicer, shall (i) make
withdrawals from the Principal Funding Account from time to time, in the amounts
and for the purposes set forth in this Series Supplement and (ii) on each
Transfer Date (from and after the commencement of the Controlled Accumulation
Period) prior to the termination of the Principal Funding Account make deposits
into the Principal Funding Account in the amounts specified in, and otherwise in
accordance with, subsection 5.15(e).

                  (b) Funds on deposit in the Principal Funding Account shall be
invested at the direction of the Servicer by the Trustee in Permitted
Investments. Funds on deposit in the Principal Funding Account on any Transfer
Date, after giving effect to any withdrawals from the Principal Funding Account
on such Transfer Date, shall be invested in such investments that will mature so
that such funds will be available for withdrawal on or prior to the following
Transfer Date. The Trustee shall:

                           (i) hold each Permitted Investment (other than such
                  as are described in clause (c) of the definition thereof) that
                  constitutes investment property through a securities
                  intermediary, which securities intermediary shall agree with
                  the Trustee that (I) such investment property shall at all
                  times be credited to a securities account of the Trustee, (II)
                  such securities intermediary shall comply with entitlement
                  orders originated by the Trustee without the further consent
                  of any other person or entity, (III) all property credited to
                  such securities account shall be treated as a financial asset,
                  (IV) such securities intermediary shall waive any lien on,
                  security interest in, or right of set-off with respect to any
                  property credited to such securities account, and (V) such
                  agreement shall be governed by the laws of the State of New
                  York;

                                       44
<PAGE>

                           (ii) maintain for the benefit of Noteholders
                  possession or control of each other Permitted Investment
                  (including any negotiable instruments, if any, evidencing such
                  Permitted Investments) not described in clause (i) above
                  (other than such as are described in clause (c) of the
                  definition thereof); and

                           (iii) cause each Permitted Investment described in
                  clause (c) of the definition thereof to be registered in the
                  name of the Trustee or any of its nominees by the issuer
                  thereof;

provided that no Permitted Investment shall be disposed of prior to its maturity
date. Terms used in clause (i) above that are defined in the New York UCC and
not otherwise defined herein shall have the meaning set forth in the New York
UCC.

         On each Transfer Date with respect to the Controlled Accumulation
Period and on the first Transfer Date with respect to the Rapid Amortization
Period, the Trustee, acting at the Servicer's direction given on or before such
Transfer Date, shall transfer from the Principal Funding Account to the Finance
Charge Account the Principal Funding Investment Proceeds on deposit in the
Principal Funding Account, but not in excess of the Covered Amount, for
application in the following priority:

                           (i) an amount up to that portion of the Covered
                  Amount computed pursuant to clause (a) of the definition of
                  Covered Amount shall be treated as Class A Available Funds to
                  be applied pursuant to subsections 5.15 (a)(i) and (ii); and

                           (ii) an amount up to that portion of the Covered
                  Amount computed pursuant to clause (b) of the definition of
                  Covered Amount shall be treated as Class B Available Funds to
                  be applied pursuant to subsection 5.15 (b)(i).

                  SECTION 5.23 Reserve Account.

                  (a) The Trustee shall establish and maintain with a Qualified
Institution, which may be the Trustee in the name of the Trust, on behalf of the
Trust, for the benefit of the Noteholders, a segregated trust account with the
corporate trust department of such Qualified Institution (the "Reserve
Account"), bearing a designation clearly indicating that the funds deposited
therein are held for the benefit of the Noteholders. The Trustee shall possess
all right, title and interest in all funds on deposit from time to time in the
Reserve Account and in all proceeds thereof. The Reserve Account shall be under
the sole dominion and control of the Trustee for the benefit of the Noteholders.
If at any time the institution holding the Reserve Account ceases to be a
Qualified Institution, the Seller shall notify the Trustee, and the Trustee upon
being notified (or the Servicer on its behalf) shall, within 10 Business Days,
establish a new Reserve Account meeting the conditions specified above with a
Qualified Institution, and shall transfer any cash or any investments to such
new Reserve Account. The Trustee, at the direction of the Servicer, shall (i)

                                       45
<PAGE>

make withdrawals from the Reserve Account from time to time in an amount up to
the Available Reserve Account Amount at such time, for the purposes set forth in
this Series Supplement, and (ii) on each Transfer Date (from and after the
Reserve Account Funding Date) prior to termination of the Reserve Account make a
deposit into the Reserve.

                  (b) Funds on deposit in the Reserve Account shall be invested
at the direction of the Servicer by the Trustee in Permitted Investments. Funds
on deposit in the Reserve Account on any Transfer Date, after giving effect to
any withdrawals from the Reserve Account on such Transfer Date, shall be
invested in such investments that will mature so that such funds will be
available for withdrawal on or prior to the following Transfer Date. The Trustee
shall:

                           (i) hold each Permitted Investment (other than such
                  as are described in clause (c) of the definition thereof) that
                  constitutes investment property through a securities
                  intermediary, which securities intermediary shall agree with
                  the Trustee that (I) such investment property shall at all
                  times be credited to a securities account of the Trustee, (II)
                  such securities intermediary shall comply with entitlement
                  orders originated by the Trustee without the further consent
                  of any other person or entity, (III) all property credited to
                  such securities account shall be treated as a financial asset,
                  (IV) such securities intermediary shall waive any lien on,
                  security interest in, or right of set-off with respect to any
                  property credited to such securities account, and (V) such
                  agreement shall be governed by the laws of the State of New
                  York;

                           (ii) maintain for the benefit of Noteholders
                  possession or control of each other Permitted Investment
                  (including any negotiable instruments, if any, evidencing such
                  Permitted Investments) not described in clause (i) above
                  (other than such as are described in clause (c) of the
                  definition thereof); and

                           (iii) cause each Permitted Investment described in
                  clause (c) of the definition thereof to be registered in the
                  name of the Trustee or any of its nominees by the issuer
                  thereof;

provided that no Permitted Investment shall be disposed of prior to its maturity
date. Terms used in clause (i) above that are defined in the New York UCC and
not otherwise defined herein shall have the meaning set forth in the New York
UCC.

         On each Transfer Date, all interest and earnings (net of losses and
investment expenses) accrued since the preceding Transfer Date on funds on
deposit in the Reserve Account shall be retained in the Reserve Account (to the
extent that the Available Reserve Account Amount is less than the Required
Reserve Account Amount) and the balance, if any, shall be deposited into the
Finance Charge Account and included in Class A Available Funds for such Transfer
Date. For purposes of determining the availability of funds or the balance in

                                       46
<PAGE>

the Reserve Account for any reason under this Series Supplement, except as
otherwise provided in the preceding sentence, investment earnings on such funds
shall be deemed not to be available or on deposit.

                  (c) [On or before each Transfer Date with respect to the
Controlled Accumulation Period or before the first Transfer Date with respect to
the Rapid Amortization Period if such Rapid Amortization Period commences prior
to the commencement of the Rapid Accumulation Period, the Servicer shall
calculate the "Reserve Draw Amount" which shall be equal to the Principal
Funding Investment Shortfall with respect to the related Transfer Date;
provided, however, that such amount will be reduced to the extent that funds
otherwise would be available for deposit in the Reserve Account with respect to
such Transfer Date.

                  (d) In the event that for any Transfer Date the Reserve Draw
Amount is greater than zero, the Reserve Draw Amount, up to the Available
Reserve Account Amount, shall be withdrawn from the Reserve Account on such
Transfer Date by the Trustee (acting in accordance with the instructions of the
Servicer), and deposited into the Finance Charge Account for application in the
following priority:

                           (i) an amount, up to the excess, if any, of (x) an
                  amount equal to that portion of the Covered Amount computed
                  pursuant to clause (a) of the definition of Covered Amount
                  over (y) the amount treated as Class A Available Funds
                  pursuant to subsection 5.23(b)(i), shall be treated as Class A
                  available Funds to be applied pursuant to subsections
                  5.15(a)(i) and (ii); and

                           (ii) an amount up to the excess, if any, of (x) an
                  amount equal to that portion of the Covered Amount computed
                  pursuant to clause (b) of the definition of Covered Amount
                  over (y) the amount treated as Class B Available Funds
                  pursuant to subsection 5.23(b)(ii), shall be treated as Class
                  B Available Funds to be applied pursuant to subsection
                  5.15(b)(i).

                  (e) In the event that the Reserve Account Surplus on any
Transfer Date, after giving effect to all deposits to and withdrawals from the
Reserve Account with respect to such Transfer Date, is greater than zero, the
Trustee, acting in accordance with the instructions of the Servicer, shall
withdraw from the Reserve Account, and treat as Excess Spread, an amount equal
to such Reserve Account Surplus.

                  (f) Upon the earliest to occur of (i) the termination of the
Trust , (ii) the first Transfer Date with respect to the Rapid Amortization
Period, and (iii) the Transfer Date immediately preceding the Scheduled Payment
Date, the Trustee, acting in accordance with the instructions of the Servicer,
after the prior payment of all amounts owing to the Series 2000-1 Noteholders
that are payable from the Reserve Account as provided herein, shall withdraw
from the Reserve Account and treat as Excess Spread, all amounts, if any, on
deposit in the Reserve Account and the Reserve Amount shall be deemed to have
terminated for purposes of this Series Supplement.]

                                       47
<PAGE>

                  SECTION 5.24 Determination of LIBOR.

                  (a) On each LIBOR Determination Date, the Trustee shall
determine LIBOR on the basis of the rate for Dollar deposits for a period equal
to one month (commencing on the first day of the applicable Interest Period)
which appears on Telerate Page 3750 as of 11:00 A.M. (London time) on such LIBOR
Determination Date (or such other page as may replace that page on the Dow Jones
Telerate Service for the purpose of displaying London interbank offered rates of
major banks).

                  (b) If on any LIBOR Determination Date such rate does not
appear on Telerate Page 3750 (or such other page), then LIBOR for the applicable
Interest Period shall be determined on the basis of the rates at which Dollar
deposits are offered by the Reference Banks at approximately 11:00 A.M. (London
time) on such LIBOR Determination Date to prime banks in the London interbank
market for a period equal to one month (commencing on the first day of such
Interest Period). The Trustee shall request the principal London office of each
of the Reference Banks to provide a quotation of its rate. If at least two such
quotations are provided, the rate for such Interest Period shall be the
arithmetic mean of such quotations (rounded, if necessary, to the nearest whole
multiple of 0.0625%). If on the LIBOR Determination Date only one or none of the
Reference Banks provides such offered quotations, LIBOR shall be:

                           (i) the rate per annum (rounded, as aforesaid) that
                  the Trustee determines to be the arithmetic mean of the
                  offered quotations that leading banks in the City of New York
                  selected by the Servicer are quoting at or about 11:00 A.M.
                  (New York time) on such LIBOR Determination Date to leading
                  European banks for Dollar deposits for a period equal to one
                  month (commencing on the first day of the applicable Interest
                  Period); or

                           (ii) if the banks selected as aforesaid by the
                  Servicer are not quoting as described in clause (i) above,
                  LIBOR for such Interest Period will be LIBOR as determined on
                  the previous LIBOR Determination Date, (or, in the case of the
                  first LIBOR Determination Date, 5.40375% per annum).

                  (c) The Class A Note Rate, the Class B Note Rate and the Class
C Note Rate applicable to the then current and the immediately preceding
Interest Periods may be obtained by any Noteholder by telephoning the Trustee at
its Corporate Trust Office at (800) 524-9472 or (312) 407-4660.

                  (d) On each LIBOR Determination Date prior to 12:00 noon (New
York time), the Trustee shall send to the Servicer, by facsimile, notification
of LIBOR for the following Interest Period.

                                       48
<PAGE>

                  SECTION 5.25 Effect of Other Series.

                  Notwithstanding anything to the contrary contained herein, in
the event that additional Series of notes are issued from time to time in
accordance with Section 2.2, the Excess Funding Account may be retitled in order
to reflect the fact that amounts on deposit therein shall be for the additional
benefit of the holders of such other Series and the amounts to be deposited
therein and withdrawn therefrom may be calculated with reference to such other
Series; provided that no such action or calculation shall adversely affect the
interests of the Noteholders in any material respect.

                  SECTION 5.26 Seller's or Servicer's Failure to Make a Deposit
or Payment. If the Servicer or the Seller fails to make, or give instructions to
make, any payment, deposit or withdrawal (other than as required by subsections
2.04(d), 2.04(e) and 2.04(f) of the Sale and Servicing Agreement and subsection
12.4(a) and Section 12.1) required to be made or given by the Servicer or
Seller, respectively, at the time specified in the Base Indenture or this Series
Supplement (including applicable grace periods), the Trustee shall make such
payment, deposit or withdrawal from the applicable account without instruction
from the Servicer or Seller. The Trustee shall be required to make any such
payment, deposit or withdrawal hereunder only to the extent that the Trustee has
sufficient information to allow it to determine the amount thereof; provided,
however, that the Trustee shall in all cases be deemed to have sufficient
information to determine the amount of interest payable to the Noteholders on
each Payment Date. The Servicer shall, upon request of the Trustee, promptly
provide the Trustee with all information necessary to allow the Trustee to make
such payment, deposit or withdrawal. Such funds or the proceeds of such
withdrawal shall be applied by the Trustee in the manner in which such payment
or deposit should have been made by the Seller or the Servicer, as the case may
be.

                  SECTION 5.27 Excess Receivables.

                  On any date of determination, the Minimum Trust Interest shall
be calculated by adding the Excess Receivables Amount to the amount derived
pursuant to clause (a) of the definition of Minimum Trust Interest unless (i)
prior to such date there shall have been delivered to the Trustee (a) a written
agreement, in form and substance satisfactory to the Rating Agencies, executed
by a Person having a long-term unsecured debt rating of AAA from Standard &
Poor's and Aaa from Moody's pursuant to which such Person shall have
unconditionally agreed to indemnify the Trust for all losses in respect of the
Excess Receivables Amount at any time and (b) written confirmation from each of
the Rating Agencies to the effect that such substitution will not result in such
Rating Agency reducing or withdrawing its rating on any then outstanding Class
of notes of any Series and (ii) the agreement and the rating referred to in
clause (a) above remain in effect on such date of determination and such
agreement provides that it shall continue in effect through at least the end of
the first full Monthly Period following such date of determination.

                                       49
<PAGE>

                  SECTION 5.28 Servicing Advances In the event that on any
Transfer Date the unpaid principal balance of Deferred Payment Obligations
exceeds 10% of the aggregate principal balance of all Receivables, and the
insurance policy underlying any such Deferred Payment Obligation has been
cancelled, then on such date the Servicer will make an advance (a "Mandatory
Servicer Advance") of the lesser of (a) the shortfall, if any, between the
amount of interest due on the Notes on such date and the amount of collections
and other amounts available to pay such interest pursuant to the provisions of
this Series Supplement other than this Section 5.27, (b) the Investor Percentage
of the amount of Deferred Payment Obligation Return Amounts that the Servicer
expects to collect in the future relating to Exempt Deferred Payment Obligations
related to cancelled insurance policies, less the aggregate amount of previously
unreimbursed Servicer Advances, and (c) the Investor Percentage of the excess of
the unpaid principal balance of Deferred Payment Obligations over 10% of the
aggregate principal balance of all Receivables. Notwithstanding any other
provision of this Series Supplement, the proceeds of such Mandatory Servicer
Advance shall be treated as Principal Collections and Finance Charge Collections
allocable to the Investor Interest in the order that such amounts are due on the
related Deferred Payment Obligations. The Servicer shall not be obligated to
advance any amount that it determines to be unrecoverable. Mandatory Servicer
Advances shall be reimbursable from the Investor Percentage of the proceeds if
any of the related Deferred Payment Obligations, or if the same are determined
to be unrecoverable, then from the Investor Percentage of Principal Collections
and/or Finance Charge Collections, depending on whether the amounts advanced
were of principal or interest. In addition, the Servicer may at its option make
advances of the Investor Percentage of other amounts due and unpaid on assets of
the Trust (the "Optional Servicer Advances" and together with the Mandatory
Servicer Advances, the "Servicer Advances"). The Optional Servicer Advances
shall be reimbursable in the same manner as the Mandatory Servicer Advances.

                  SECTION 8. Article 6 of the Base Indenture. Article 6 of the
Base Indenture shall read in its entirety as follows and shall be applicable
only to the Noteholders:

                                    ARTICLE 6

                    DISTRIBUTIONS AND REPORTS TO NOTEHOLDERS

                  SECTION 6.1 Distributions.

                  (a) On each Payment Date, the Trustee shall distribute (in
accordance with the Monthly Servicer Report delivered on or before the related
Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b) of
the Sale and Servicing Agreement) to each Class A Noteholder of record on the
immediately preceding Record Date (other than as provided in Section 12.5
respecting a final distribution) such Noteholder's pro rata share (based on the

                                       50
<PAGE>

aggregate Investor Interests represented by Class A Notes held by such
Noteholder) of amounts on deposit in the Payment Account as are payable to the
Class A Noteholders pursuant to Section 5.15 by wire transfer to an account
designated by the Holders of the Class A Notes, except that with respect to
Class A Notes registered in the name of the nominee of a Clearing Agency, such
distribution shall be made in immediately available funds.

                  (b) On each Payment Date, the Trustee shall distribute (in
accordance with the Monthly Servicer Report delivered on or before the related
Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b) of
the Sale and Servicing Agreement) to each Class B Noteholder of record on the
immediately preceding Record Date (other than as provided in Section 12.5
respecting a final distribution) such Noteholder's pro rata share (based on the
aggregate Investor Interests represented by Class B Notes held by such
Noteholder) of amounts on deposit in the Payment Account as are payable to the
Class B Noteholders pursuant to Section 5.15 by check mailed to each Class B
Noteholder (at such Noteholder's address as it appears in the Note Register) or
by wire transfer to an account designated by the Holders of the Class B Notes,
except that with respect to Class B Notes registered in the name of the nominee
of a Clearing Agency, such distribution shall be made in immediately available
funds.

                  (c) On each Payment Date, the Trustee shall distribute (in
accordance with the Monthly Servicer Report delivered by the Servicer to the
Trustee pursuant to subsection 3.04(b) of the Sale and Servicing Agreement) to
each Class C Noteholder of record on the immediately preceding Record Date
(other than as provided in Section 12.5 respecting a final distribution) such
Noteholder's pro rata share (based on the aggregate Investor Interests
represented by Class C Notes held by such Noteholder) of amounts on deposit in
the Payment Account as are payable to the Class C Noteholders pursuant to
Section 5.15 by check mailed to each Class C Noteholder (at such Noteholder's
address as it appears in the Note Register).

                  (d) Notwithstanding anything to the contrary contained in the
Base Indenture or this Series Supplement, if the amount distributable in respect
of principal on any Class of Notes on any Payment Date is less than one dollar,
then no such distribution of principal need be made on such Payment Date.

                  SECTION 6.2 Monthly Noteholders' Statement.

                  (a) On or before each Payment Date, the Trustee shall forward
to each Noteholder, with respect to each Noteholder's interest and to each
Rating Agency a statement substantially in the form of Exhibit E to this Series
Supplement prepared by the Servicer and delivered to the Trustee on the
preceding Determination Date and setting forth, among other things, the
following information (which, in the case of subclauses (i), (ii) and (iii)
below, shall be stated on the basis of an original principal amount of $[1,000]
per Note and, in the case of subclauses (ix), (x) and (xi) shall be stated on an
aggregate basis and on the basis of an original principal amount of $[1,000] per
Note):

                                       51
<PAGE>

                           (i) the total amount distributed to holders of Notes;

                           (ii) the amount of such distribution allocable to
                  Class A Monthly Principal, Class B Monthly Principal and Class
                  C Monthly Principal, respectively;

                           (iii) the amount of such distribution allocable to
                  Class A Monthly Interest, Class A Deficiency Amounts, Class A
                  Additional Interest, Class B Monthly Interest, Class B
                  Deficiency Amounts, Class B Additional Interest, Class C
                  Monthly Interest, Class C Deficiency Amounts and Class C
                  Additional Interest, respectively;

                           (iv) the amount of Collections of Principal
                  Receivables received during the related Monthly Period and
                  allocated in respect of the Class A Notes, Class B Notes and
                  Class C Notes, respectively;

                           (v) the amount of Collections of Finance Charge
                  Receivables received during the related Monthly Period and
                  allocated in respect of the Class A Notes, Class B Notes and
                  Class C Notes, respectively;

                           (vi) the aggregate amount of Principal Receivables,
                  the Investor Interest, the Adjusted Investor Interest, the
                  Class A Investor Interest, the Class A Adjusted Investor
                  Interest, the Class B Investor Interest, the Class B Adjusted
                  Investor Interest, the Class C Investor Interest, the Floating
                  Investor Percentage, the Class A Floating Allocation, the
                  Class B Floating Allocation, the Class C Floating Allocation
                  and the Fixed Investor Percentage with respect to the
                  Principal Receivables in the Trust as of the end of the
                  preceding Monthly Period;

                           (vii) the aggregate outstanding balance of
                  Receivables which were 1-30 days, 31-60 days, 61-90 days,
                  91-120 days, 121-150 days and more than 150 days delinquent,
                  respectively, following cancellation of the related insurance
                  policies in accordance with the Servicer's then existing
                  Guidelines as of the end of the preceding Monthly Period (or,
                  if cancellation was delayed, whether due to a stay by reason
                  of an Insured's bankruptcy or other reason, after the date the
                  policy would have been cancelled in the absence of such
                  delay);

                           (viii) the Aggregate Investor Default Amount as of
                  the end of the preceding Monthly Period and the Class A
                  Investor Default Amount, the Class B Investor Default Amount
                  and the Class C Investor Default Amount for the related
                  Transfer Date;

                           (ix) the aggregate amount of Class A Investor
                  Charge-Offs, Class B Investor Charge-Offs, Class C Investor
                  Charge-Offs and other reductions in the absence of principal

                                       52
<PAGE>

                  distributions in the Investor Interests for such Transfer
                  Date;

                           (x) the aggregate amount of Class A Investor
                  Charge-Offs, Class B Investor Charge-Offs, Class C Investor
                  Charge-Offs and other reductions in the absence of principal
                  distributions in the Investor Interests deemed to have been
                  reimbursed on such Transfer Date;

                           (xi) outstanding principal balance of the Class A
                  Notes, the Class B Notes and the Class C Notes, respectively,
                  as of the end of the day on the Payment Date;

                           (xii) [Reserved]

                           (xiii) the amount of the Class A Servicing Fee, the
                  Class B Servicing Fee and the Class C Servicing Fee for such
                  Transfer Date;

                           (xiv) the amount of Reallocated Class C Principal
                  Collections and Reallocated Class B Principal Collections with
                  respect to such Payment Date;

                           (xv) LIBOR for the Interest Period ending on the day
                  before such Payment Date;

                           (xvi) the Pool Factor as of the end of the
                  immediately preceding Monthly Period;

                           (xvii) the Available Yield Enhancement Amount, the 91
                  Day Delinquency Amount and the amount, if any, of funds
                  required to be withdrawn from the Yield Enhancement Account
                  for such Transfer Date;

                           (xviii) the amount of Class A Available Funds, Class
                  B Available Funds and Class C Available Funds on deposit in
                  the Finance Charge Account on the related Transfer Date;

                           (xix) the date on which the Controlled Accumulation
                  Period and/or the Rapid Amortization Period commenced;

                           (xx) [Reserved]

                           (xxi) the amount of Class A Prior Period Interest
                  Class B Prior Period Interest and Class C Prior Period
                  Interest accrued on the Notes;

                           (xxii) the aggregate outstanding principal amount of
                  Deferred Payment Obligations as of the end of the prior
                  Monthly Period, expressed in dollars and as a percentage of
                  the outstanding principal amount of Receivables in the Trust
                  Estate;

                                       53
<PAGE>

                           (xxiii) the aggregate outstanding principal amount of
                  Receivables that have not been funded as of the end of the
                  prior Monthly Period; and

                           (xxiv) such other items as are set forth in Exhibit F
                  to this Series Supplement.

                  (b) Annual Noteholders' Tax Statement. On or before January 31
of each calendar year, beginning with calendar year 2000, the Trustee shall
distribute to each Person who at any time during the preceding calendar year was
a Noteholder, a statement prepared by the Trustee containing the information
required to be contained in the regular monthly report to Noteholders, as set
forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year
or the applicable portion thereof during which such Person was a Noteholder,
together with such other customary information (consistent with the treatment of
the Notes as debt) as the Trustee deems necessary or desirable to enable the
Noteholders to prepare their tax returns. Such obligations of the Trustee shall
be deemed to have been satisfied to the extent that substantially comparable
information shall be provided by the Trustee pursuant to any requirements of the
Code as from time to time in effect.

                  SECTION 9. Series 2001 Pay Out Events. A "Series 2001-1 Pay
Out Event" refers to any of the following events:

                  (a) failure on the part of any of the Originators, the Issuer
or the Seller to make any payment or deposit required by the terms of the
Receivables Purchase Agreement, the Sale and Servicing Agreement, the Base
Indenture or this Series Supplement, on or before the date occurring five
Business Days after the date such payment or deposit is required to be made
herein or (ii) failure on the part of any of the Originators, the Issuer or the
Seller duly to observe or perform in any material respect any other covenants or
agreements of such entity set forth in the Receivables Purchase Agreement, the
Sale and Servicing Agreement, the Base Indenture or this Series Supplement,
which failure has a material adverse effect on the Noteholders (which
determination shall be made without reference to whether any funds are available
in the Yield Enhancement Account or by reason of the subordination of any Class
of Notes) and continues unremedied for a period of 60 days after the date on
which written notice of such failure, requiring the same to be remedied, shall
have been given to such entity by the Trustee, or to such entity and the Trustee
by the Holders of Notes evidencing in the aggregate not less than 50% of the
Investor Interests of this Series 2001-1, and continues to affect materially and
adversely the interests of the Noteholders (which determination shall be made
without reference to whether any funds are available in the Yield Enhancement
Account or by reason of the subordination of any Class of Notes) for such
period;

                  (b) any representation or warranty made by any of the
Originators, the Issuer or the Seller in the Receivables Purchase Agreement, the
Sale and Servicing Agreement, the Base Indenture or this Series Supplement, or
any information contained in a computer file or microfiche list required to be
delivered by such entity pursuant to Section 2.01 or 2.06 of the Sale and

                                       54
<PAGE>

Servicing Agreement (i) shall prove to have been incorrect in any material
respect when made or when delivered, which continues to be incorrect in any
material respect for a period of 60 days after the date on which written notice
of such failure, requiring the same to be remedied, shall have been given to
such entity by the Trustee, or to such entity and the Trustee by the Holders of
Notes evidencing in the aggregate not less than 50% of the Investor Interests of
this Series 2001-1, and (ii) as a result of which the interests of the
Noteholders are materially and adversely affected (which determination shall be
made without reference to whether any funds are available in the Yield
Enhancement Account or by reason of the subordination of any Class of Notes) and
continue to be materially and adversely affected (which determination shall be
made without reference to whether any funds are available in the Yield
Enhancement Account or by reason of the subordination of any Class of Notes) for
such period; provided, however, that a Series 2001-1 Pay Out Event pursuant to
this subsection 9(b) shall not be deemed to have occurred hereunder if the
Seller has accepted reassignment of or paid its portion of principal due under
the related Receivable, or all of such Receivables, if applicable, during such
period in accordance with the provisions of subsections 2.04(e) or 2.04(f) of
the Sale and Servicing Agreement;

                  (c) the Trust Interest as of the end of the immediately
preceding Monthly Period (adjusted to give effect to the inclusion in or removal
from the Trust of all Receivables transferred to or from the Trust and/or any
reduction or increase in any outstanding notes since the end of the immediately
preceding Monthly Period and on or prior to the following Payment Date) does not
at least equal the largest required Minimum Trust Interest of any outstanding
Series (adjusted to give effect to any reduction or increase in any outstanding
notes on or prior to the following Payment Date);

                  (d) any Servicer Default occurs which would have a material
adverse effect on the Noteholders (which determination shall be made without
reference to whether any funds are available in the Yield Enhancement Account or
by reason of the subordination of the Class B or C Notes);

                  (e) if the Monthly Payment Rate is less than 6% for three
consecutive Monthly Periods;

                  (f) if the Financed Premium Percentage exceeds 90% for three
consecutive Monthly Periods;

                  (g) if the Annualized Monthly Excess Spread Amount is less
than 4% for three consecutive Monthly Periods;

                  (h) if the Unconcentrated 240+ Day Delinquency Percentage is
more than 6% for three consecutive Monthly Periods;

                  (i) upon an Event of Default;

                                       55
<PAGE>

                  (j) the Notes have not been paid in full on the Scheduled
Payment Date;

                  (k) an Insolvency Event occurs with respect to AIG; and

                  (l) the Trustee shall fail to have a valid first priority
perfected interest in any portion of the Trust Assets, which has a material
adverse effect on the interests of the Noteholders, and the Issuer shall fail to
repurchase such affected portion of the Trust Assets within one Business Day's
notice of such failure.

                  A "Trust Pay Out Event" refers to any of the following events:

                  (a) an Insolvency Event occurs with respect to any of the
Originators, the Servicer or the Seller;

                  (b) the Seller shall become unable for any reason to transfer
the Collections on, or other proceeds of, Originator Receivables to the Issuer
in accordance with the provisions of this Agreement;

                  (c) the Issuer or the Seller shall have become an "investment
company" required to register or shall have become under the "control" of an
"investment company" required to register under the Investment Company Act of
1940, as amended; and

                  (d) AIG shall fail to meet its obligations under the AIG
Support Agreement.

In the case of any event described in subsection (a), (b), (d) or (l) of the
definition of a Series 2001-1 Pay Out Event, after the applicable grace period
set forth in such subsections, a Series 2001-1 Pay Out Event shall occur on the
tenth Business Day thereafter unless prior to such day Holders of Notes
evidencing in the aggregate not less than __% of the Investor Interests of this
Series 2001-1 shall notify the Trustee, the Seller and the Servicer in writing
that a Series 2001-1 Pay Out Event should not occur. [In the case of any event
described in subsection (c), (d), (e), (f), (g), (h), (i), (j), (k) of the
definition of a Series 2001-1 Pay Out Event and the events described on
subsections (a), (b), (c) or (d) of the definition of a Trust Pay Out Event, a
Series 2001-1 Pay Out Event shall occur without any notice or other action on
the part of the Trustee or the Noteholders immediately upon the occurrence of
such event.]

                  Notwithstanding anything to the contrary in the Base
Indenture, no Series 2001-1 Pay Out Event may be amended, waived or deleted and
no new Series 2001-1 Series Pay Out Event may be added, without the prior
consent of the Holder of a Note Majority of this Series.

                  Notwithstanding anything to the contrary contained in the Sale
and Servicing Agreement, the Base Indenture or this Series Supplement, upon the
occurrence of a Pay Out Event, if more than 10% of the principal balance of the

                                       56
<PAGE>

Receivables have a remaining term of more than 12 months, the Seller shall,
subject to the requirements of the following sentence, make a payment to the
Trust (i) to purchase from the Trust a sufficient amount of the portion of such
Receivables (with respect to Originator Receivables) and/or (ii) in a sufficient
amount in respect of the portion of such Receivables (with respect to Underlying
Receivables), in each case, that represents all amounts to be paid by the
related Insured after 12 months from the occurrence of such Pay Out Event (the
"Long-Term Receivables") at a price equal to par plus interest accrued to the
time of purchase, such that the percentage of Receivables (the portions of which
have not been purchased or for which a payment has not been made pursuant to
this paragraph) having a remaining term as of the date of purchase of more than
12 months shall be no more than 10% of the principal balance of Receivables
after giving effect to such purchase or payment. If so required to purchase or
make a payment in respect of Long-Term Receivables, the Seller shall select for
purchase or payment, from the group of Long-Term Receivables in the following
priority: Long-Term Receivables relating to (a) Defaulted Premium Finance
Obligations, (b) Premium Finance Obligations which are delinquent in the
priority of the most delinquent Premium Finance Obligations first and (c) any
other Premium Finance Obligations; provided, however, that if it is not
necessary to purchase or make a payment in respect of all Long-Term Receivables
with respect to any of clauses (a), (b), and (c) above in order for less than
10% of the principal balance of Receivables to have a remaining maturity of less
than 12 months after giving effect to such purchase or payment, (x) larger
Long-Term Receivables will be selected for purchase or payment before smaller
Long-Term Receivables, and (y) Receivables will be selected for repurchase or
payment in a manner that is not adverse to the interests of the Holders of the
Notes. The proceeds of such purchase or payment shall be treated as Collections
of Principal Receivables and Finance Charge Receivables in respect of the
related Receivables.

                  SECTION 10. Series 2001-1 Termination. Except as otherwise
provided in subsection 12.5(b), the right of the Noteholders to receive payments
from the Trust will terminate on the first Business Day following the Series
[___] Termination Date.

                  SECTION 11. Refinancing The Seller may redeem the Notes from
funds deposited into the Payment Account representing the proceeds of the
refinancing of any outstanding Series of notes on any Payment Date following [
_________], 2006 (the Payment Date on which the Notes are to be refinanced, the
"Refinance Date"), in whole or in part (without premium) from funds deposited
into the Payment Account equal to the Refinancing Price, upon notice to the
Trustee of such election.

                  The Refinancing Price will be deposited in the Payment Account
by no later than 1:00 p.m. New York City time on the Refinancing Date. Amounts
on deposit in the Payment Account for any such Refinancing will be paid to the
Noteholders, first to redeem all of the Class A Notes, next to redeem all of the
Class B Notes, and finally to redeem all of the Class C Notes.

                  SECTION 12. [Reserved].

                                       57
<PAGE>

                  SECTION 13. Counterparts. This Series Supplement may be
executed in any number of counterparts, each of which so executed shall be
deemed to be an original, but all of such counterparts shall together constitute
but one and the same instrument.

                  SECTION 14. Governing Law. THIS SERIES SUPPLEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, 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. EACH OF THE PARTIES TO THIS SERIES SUPPLEMENT AND EACH NOTEHOLDER HEREBY
AGREES TO THE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK AND ANY APPELLATE COURT HAVING JURISDICTION TO REVIEW THE
JUDGMENTS THEREOF. EACH OF THE PARTIES AND EACH NOTEHOLDER HEREBY WAIVES ANY
OBJECTION BASED ON FORUM NON CONVENIENS AND ANY OBJECTION TO VENUE OF ANY ACTION
INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE
GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH
COURT.

                  SECTION 15. Waiver of Trial by Jury. To the extent permitted
by applicable law, each of the parties hereto and each of the Noteholders
irrevocably waives all right of trial by jury in any action, proceeding or
counterclaim arising out of or in connection with this Series Supplement or the
Related Documents or any matter arising hereunder or thereunder.

                  SECTION 16. No Petition The Issuer and the Trustee, by
entering into this Series Supplement and each Noteholder, by accepting a Note
hereby covenant and agree that they will not at any time institute against the
Trust, or join in any institution against the Trust of, any bankruptcy
proceedings under any United States Federal or state bankruptcy or similar law
in connection with any obligations relating to the Noteholders, the Sale and
Servicing Agreement, the Base Indenture or this Series Supplement.

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

                     AIG CREDIT PREMIUM FINANCE MASTER TRUST, as Issuer

                     By:      CHASE   MANHATTAN   BANK   DELAWARE,   not
                              in   its individual capacity but solely as Owner
                              Trustee

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

                                       58
<PAGE>

                     BANK ONE, NATIONAL ASSOCIATION, as Trustee

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

                                       59
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]